The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-22
WEEKLY TRADE REVIEW
Condition of Business Continues to
Show Improvement.
IS NO SIGN OF A HALT
FAILURES ARE SMALLEST EVER
KNOWN FOR THE SEASON.
Railroad Earnings Are the Largest
No Longer Fear of Deficient Crops
Wool Is Still Advancing With
a Good Demand-State of Copper
and Lead Markets.

New York, July 21.-R. G. Dun & Co.,
in their weekly review of trade tomor-
row, will say: Optimism is always
popular, but more than half the time
I dangerous Seven years of hating and
reaction historically follow three of
rapid progress. But the three of prog
/ ress have not yet passed and the most
cautious search discloSeS no sign of
! mating. Foreign anXietieS have been
real, but they seem TO be passing. and
Europe has begun paying literally for
more food without expectation that
securities can be sent in settlement
The extensive labor strikes have van
lshed and the local troubles do not
AFFECT national business. Fears of new
ana powerful corporations lessen as it
is found that they are controlled by the
same laws which govern the small COM
panles- Above all, the general evil
dences OF prosperity continue convinc-
ing, failures are the smallest ever
known for the season, railroad earnings
the largest and solvent Payments
through clearing houses in July have
been 1876 per cent larger than last
year and 62.3 per cent larger than in
1892, the best previous year. The Of
fetal returns Of the most wonderful
year in the nations commerce show a
decrease of $4,000 in value of the great
staples exported. largely owing to
prices. but an increase of about $780,
100000 in other exports, mostly manu-
features.
Fear of deficient crops has been bur
led under western receipts from farms
amounting to 13,S61,046 bushels of
wheat for the month thus far. against
3,lI3, 1O3 last year, and Is, PCS, 655 bushels
of corn, against 1852, 132 bushels last
year. Exports of wheat, Atlantic and
Pacific, have been 7,709, 1913 bushels dur
ing the month thus far, against 1885,
259 bushels last year, and of corn $685.
OH bushels. against 5,097,S47 bushels
last year. Prices declined sharply, with
assurances of ample supplies. wheat
cents and corn % cents, which is the
more significant in view of the previous
heavy exports of both. Cotton also is
gaining abroad largely, though the
prices remain 6.19 cents.
Pig iron has not advanced this week,
but advances have occurred in finished
products. steel rails to $50 at Pittsburg,
billets s34, sheet bars to $3.50, sheets to
cents at Pittsburg and cut and wire
nails both So per ton. The American
Tin Plate company settled with its
hands by granting 10 per cent more
wages and raised the price of plates
80 cents per box. Still the demand does
not abate, though works have to re-
order for shipment to the Clyde was
received, in bars less urgency of de-
mand appears in the east, but in sheets,
works are about filled for the year.
and in structural shapes, besides $500
tons for bridges and 1000 for buildings
at Chicago, a proposal is reported for
5000 tons to build palace for the mi
kado of Japan.
Coke is unchanged in price and likely
to break the record for production this
month. Tin is lifted to $3.50 by wild
speculation. copper is firm at 1872 cents
and lead is said to be sold by the
smelling companies below $3.50, the
quoted price.
Wool is still advancing, Coates Bros
circular of the 18th showing a rise of
PIG cents since May Is, speculation be-
ing particularly active in fine wool be-
cause it is rising abroad. though in less
demand for manufacture here than
combing and medium grades. AT the
three markets 80, 500 pounds have
been sold in three weeks, against 34,-
1247 700 pounds in the same weeks OF
1897, before the present tariff was en-
acted Manufacturers do not appear
to be buying largely. though the de-
mand for goods is better and has
caused an advance in textiles and
some other kinds. Cotton goods are
but fairly steady.
Leather is in good demand and slight
" higher. and hides at Chicago rise
slightly with limited receipts.
Failures for the week have been 145
in the United States, against 20i last
year and twenty-three in Canada
against seventeen last year.