The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-03-11
Increases of Ten Per Cent Reported
In Several Industries.
MEANS A BETTER MARKET
VOLUME OF BUSINESS STILL
CONTINUES HEAVY.
Wooden Manufacture Is Yet a Lang
uishing Industry and There Is No
Improvement In the Wool Mar
ket-Bad Weather Curtailed the
Iron Production-Week's Failures.

| New York, March 11.-R. G. Dun &
! Co.'s weekly review of trade will say to-
morrow: By far the best assurance OF
| good business in the future is found in
the gradual advances of wages. The
general rise in the earnings OF the cotton
mill operatives, in most cases 10 per cent
of iron and steel works generally 10 per
cent, and tin plat and sheet workers from
D to 10 per cent, and of coal miners in
some large districts about as much, has
set a pace which most establishments
VIII follow which have reduced wages in
the past years of depression. Those who
fail to comprehend what such a change
may mean nave only to consider that a
tenth increase in the wages of all labor
would bring into the market a new buying
demand in amount about three-QuarterS
OF the entire value of exports to all coun-
tries. The volume of business shows no
signs OF decrease and for the first full
week OF March has been about SIT per
cent greater than the same week of last
1892.
Most people would not expect the pro-
duction of pig iron to be affected by the
weather. Yet in the Pittsburg district
alone the furnaces running are said to
have produced 1900 tons per week less
than their January output, SO that the
decrease in weekly production of all fur
naces is 22S, 191 tons March l, against 237,-
CSS Feb. l, does not mean anything more
than bad weather. The Shrinkage of sup
plies of iron in February, just when in
creased supplies were expected and need
ed. contributed much to the extraordinary
advance in prices, $2l5 in anthracite No.
Feb. l, $3.50 in bessemer pig at Pittsburg
and SITS in gray forge. the unsold stocks
were also reduced in February 46. 49, tons,
so that the apparent consumption was
9H919 tons in the short month. Nearly
all the work done, of course is at the
comparatively low prices made in the
great contracts three to four months ago
but the few works which are still able
ing about what they please, and these
quotations appear in the. published state
ments; in many cases 81 to 50 per ton
days. Plates are in special demand,
and higher. but in rails, bars and struc-
tural forms the demand and prices are
not yet much changed.
Tin is firm at $3.50, with consumption
of $500 tons monthly and copper is scarce
for spot at s17.75, with lead weaker at
$3.50. The trust refuses quotations for tin
plates.
The demand for coke exceeds the trans
porting capacity for the Connellville re-
gion, but the output has been 16S, $40 tons
for the week, furnace being quoted at
sl.6O and foundry at 81 per ton.
The wooden manufacturer has bean ham
pered by doubts about the price of wool.
Now a big combination of worsted pro-
ducers has been formed with several
other kinds, but these do not encourage
buying and the season continues disap-
pointing In wool markets sales are bare
ly equal to the ordinary consumption of
the mills dependent on them, but prices
are rather weak. ~
Exports of wheat do not yet fall below
last years as many have for some
months expected, and the Atlantic ex-
ports, flour included, have been for the
week 1909 92 bushels, against 2,S9O,S79 last
year. and Pacific exports Cos, 107 bushels,
against 1,2s0,61S last year, with other
exports of 407. $50 bushels. Western re-
cair+c ware 4 071 on bushels AGAINST 9 752 -
91S for the same week last year and the
output from the country goes far to check
apprehension as to deficiency of the crop.
The price is about cents lower for spot.
Failures for the week have been 1S2 in
the United States, against 24S last year,
and 81 in Canada against SO last year.