The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-14
Business Activity Widespread, In
dicating Prosperous Conditions.
GOOD REPORTS RECEIVED
PRODUCING WORKS CROWDED
BEYOND THEIR CAPACITY.
Finished Products Still Advancing
Good Prices For Boot and Shoe
Manufacturers - Sales of Wool
Smaller-Decrease In Business
Failures-on the Stock Exchange


+ New York, Oct. 1S.-R. G.. Dun &
Co.'S. weekly review of trade, which is
sues tomorrow, will. say: Industrial
conditions could hardly be better. After
months Of such extraordinary buying
that its continuance seemed impossible,
even larger buying still crowds pro-
ducing works in most lines beyond their
capacity. The iron furnaces are pro
ducing. 1000 tons weekly more than
ever before, 27S,615 tons Oct. 1, and yet
the actual consumption in manufacture
reduced unsold stocks in September by
2,7SS tons, While the demand runs far
ahead into next year for many pro-
ducts. After the great buying last
week BesSaner pig rises to S24 at Pitts
burg, with No. l anthracite at Phila-
delphia and No. 1 local coke at Chi
cago both quoted at $3.50. and buyers
paying premiums for early delivery,
according to their needs.
Finished products still advance, east
ern bar to S2.15 and tank plates to
1910. and the average of percentages
to prices of Jan. l, 1887, ia now l00.64
for finished products and 1857 for pig.
In some lines, however, production has
so far gained that works are beginning
TO look for orders to cover next year.
The boot and shoe shops are getting
little better prices for mems kip
boots and for woman's grain and buff
shoes, and shipments for the first half
of October are the largest ever re-
ported, although orders for next sea-
son are retarded by prices. Leather is
shade higher, but buying of sole has
been checked by fine recent advance
as manufacturers appear to have
rather large supplies. and the Chicago
market for hides, though quoted a little
higher, seems uncertain.
The demand for wooden goods is
fairly large, and prices are well sus-
tanned, though not further advanced
In goods of the better grades there is
some uncertainty. Sales of wool are
smaller, only 7,743.S00 pounds for the
week at the three markets, without
further advance.
Silks are firm and linens tending up
ward, with good demand.
The cotton manufacture meets so
great a demand that prices advance
every week. and supplies for early de-
livery are, in many lines, restricted
More business is turned down than is
done in brown sheetings, and drills and
coarse colored cottons are rising. Big
sales have moved a great part of the
surplus prints cloths, and prices have
been advanced for grades not until
recently controlled by the selling COM
mittee. The rise of about l cent in
cotton, with current REPORTS of short
yield, have much influence, as though
the quantity coming into sight is larger
to date than last year. it has recently
been falling behind enough to support
the idea that growers are disposed to
hold it back. -
Wheat exports are still larger from
the great crop of last year, Atlantic,
flour included. having been 1851 $50
bushels in two weeks. against 6,116,6S9
last year, and Pacific 100, 440 bushels,
against 1879, 034 last year. The west
ern receipts have been only 14,51S S92
bushels, against 20.I90, 495 last year, but
the course of prices is not calculated
to encourage a big movement, for, after
starting at 1881 cents and falling to rs
cents. the market closed at 1900, with
December options unchanged. The
government deferred any estimate of
yield, and it's figures are, as usual, var
iously interpreted, but not influential.
Corn receipts, 19.7S9.749 bushels,
against 11,G47, 25S in two weeks of last
wear. with exports of 6177,14S bushels,
against T. 367, 59S last year, show a sup
ply and a foreign demand which might
we'll affect the wheat market to some
extent.
Failures for the first week of Oc-
tober were 81, 6S7 ,06S in amount, manu-
featuring, 1887 914, and trading, S4OS, 599.
Failures for the week have been 1854 in
the United States, against 205 last
year. and twenty-seven in Canada,
against twenty-five last year