The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-30

New York, Sept. 29.-R. G. Dun &
Co.'S Weekly Review Of Trade win say
tomorrow: September is the twelfth
consecutive month in which the volume
of business both at New York and out
side of New York has been greater than
the same month of any previous year.
In these twelve months, payments
through the clearing houses have been
SIS, GOO, 600, 600 against $4,000. 100000 in
twelve months ending with September,
1892, an increase Of SIS, 4DV, 900, 600, over
z6 per cent. When the tremendous eX-
pansion began, men called it replen-
ishment OF long depleted stocks, then
for a time it was called a crazy out
burst Of speculation, and when de-
mands still expanded, some permanent
increase of business was recognized as
a result of increased population earn
ing better wages.
But the demand still grows, now
ranging about so per cent greater than
in 1892, while population, according to
treasury estimates is 16 per cent great
or and wages are not over 10 per cent
greater A reconstruction of business
and industries, of producing and trans
porting forces, is in progress through
out the land, with results which none
can now measure.
Iron consumption. instead of 100000
tons per month in 1892. is now over
100000 tons per month, and yet is so
far behind the demand for products
that the capacity Of most works is sold
far into next year. With sales of 10000
at Pittsburg, Bessemer pig rose to
S23. 50, Chicago coke and southern pig
again rose 81, and new furnaces are
sold many months ahead before they
begin work. Bars are hard to get at
any price, the whole output of the Re-
public company being sold to January,
and 2.25 is quoted for common at Pitts
burg, while at Chicago the great de-
mand for car building falls on works
overcrowded. Contracts for 5000 tons
plate1 have been placed at Pittsburg.
and at all points the price is rising
with astonishing demand. Sheets are
also higher, with the demand intensi-
fed by renewed efforts for consolida-
ton.
Shipments of boots and shoes from
Boston in nine months have been $780,
SIC cases, against 1888, 6S2 in 1892, and
in four weeks 800 622 cases, against $780,
$50 last year, 1861 in 1897 and less in
any other year. Here the increase is
more proportional to population to
wages, but works are all a month or
more behind their orders for the sea-
son. Spring orders are fair, but re-
stricted still by unwillingness Of max
ers to contract largely at prices now
obtainable, which average about 5 cents
advance where makers deem IL cents
necessary.
The wool market is active, with g
general advance aggregating about y
cent on washed fleece combing. The
entire list quoted by Coates Bros. prob
ably averages about Il cent higher.
Heavyweight woolens are well cleaned
up, and of spring worsted many lines
inally advanced to 81. 45, with some
fancy worsteds ) per cent higher
Stronger demand for cotton staples
causes an advance of u cent in brown
sheetings and drills and u cent in some
bleached goods. A broader selling ar
rangement at Fall River seems likely
to prevent the proposed consolidation
Cotton opened the crop year at 6.25
cents and has risen to 6.S7, although
about a quarter more has come into
sight than last year from the greatest
crop on record. and stocks here and
abroad, commercial and mill, are $685. 600
bales greater than a year ago. Belief
in serious loss by dronths gains ground
and also belief in largely increased
manufacture
Wheat exports from Atlantic and
Pacific ports have been 4,294,3S6 bush
els for the week, flour included, against
15,061, S64 last year. The foreign demand
has aided to sustain prices, which
closed Is cent higher than last week,
although western receipts have been
%. 129. SIS bushels in the past four weeks,
against 81, Ss0570
Corn is unchanged in price and still
in large foreign demand, exports hay
ing been in four weeks IL, 155, 904 BUSH
els, against S.1S3,641 last year, with
western receipts "a. 43S,S74, against 49,
800 292 last year.