The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-28
Large Orders For Ammunition and
Meats Placed.
WEEKLY TRADE REVIEW
INDUSTRIES SUPPORTED By BIG
VOLUME OF DEMAND.
Money Markets Have Grown Less
Embarrassing and Stocks Have.
Gradually Advanced - Heavy
Transaction In Steel Rails-Mar-
ket For Metals.

New York, Oct. Pr. G. Dun &
Co.'S weekly review Of trade tomorrow
will say: Fears and not facts made
war in South Africa seem menace. to
prosperity here and a week of conflict
has cleared away the fear British
markets fer securities have been
helped by the belief that mining shares
would be worth more with no Boer. con-
troll in mining regions.
Large purchases here of ammunition
and meats have swelied the balance
due this country. Money markets have
grown less embarrassing, stocks have
gradually advanced, industries are stlli
supported by volume of demand Tor
which no precedent can be found ana
payments through the principal clear
ing houses for the past week have@been
$3.50 per cent larger than last year and
SIS per cent larger than in 1892. so
great an increase shows the net bust
ness of many potent forces making Tor
public prosperity.
The heaviest transactions in steel
rails ever made so early cover l,50o,U0J
tons for next years delivery or Two
thirds of the entire capacity OF the
works The Pennsylvania is said to
have taken 10000 tons at $33, but all
the leading railroads made large pur-
chases and the price was then advanced
to $35 per ton, the same works having
delivered during the past year at Sl0
to $40.
Great contracts for material follow,
one concern having bought 100000 tons.
Bessemer pig at Pittsburg for SO, while,
S24.50 is paid for early deliveries, ana
81. 600 tons billets were sold to one con-
Germ there and 10000 at Wheellng, sSS.oV
being quoted, with slabs at $500 and
sheet bars at $50. Such transactions
only show the general belief that such
prices will run far into next year.
For structural work many orders APP
pear, including some of consequence
for the east and for Cuba, and IN bars
the car and implement demand makes
the Chicago market very strong, Dut
at Pittsburg works anxiety for future
contracts has depressed the price to
$2.15 and in plates some works have
nearly caught up with contracts and
are accepting $2.75 Sheets are also
weaker, $500 being quoted at Pittsburg,
as the proposed combination seems to
have failed.
Markets for minor metals are react
ing, ii nhaving fallen to 1882 cents with
recovery to 31.25 on Dutch sales IN
October 400 tons larger than usual, and
lake copper is largely offered at 1882;
Lead is a shade lower at 4.511a, and
spelter is demoralized and offered at
cents. Coke holds strong, shortness of
cars hindering deliveries, though more
ovens than ever before are producing.
Wheat remains practically UNI
changed while Atlantic exports, flour
included. have been 12932,S12 bushels
in four weeks, against 13,4SS,O56 last
year, and Pacific exports 2,f97,771,
against 1924, 3O6 last year. Western re-
ceipts fall short and in four weeks have
been only 30,022, 05S bushels, against 40,
$50 500 last year. Without concert there
is probably some waiting for better
prices by farmers.
Corn exports continue to show the
of foreign demand for
reaching 14,47S,719 bushels,
against S,546,9 last year, and the de-
mand has been large enough to adj
vance the price IL cents.
Failures for the week have been 1870
in the United States against 226 last
year. and twenty-three in Canada,
against thirty-four last year