Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-04
Business During February Was Of
the Largest Volume.
WAGES HAVE ADVANCED.
Remarkably Healthy Condition unn-
iicst In M isrnn.hc. 81 the Various
Trades TcXiiic. Progressing.

Now York March ar O. pun's
weekly review Of trade viii say tomor-
rows "Thc business for the past month
was the greatest ever done In Fchru-
aiy. Clearing house exchanges were
about t5.o0ooo00o. against ss.es15i3.su
last year. and 5i2 per cent larger than
IN 1899.
In all the years Of weekly CONNER
cinl reporting there had been no other
week In which tho reports from an
parts Of the country have boon ON the
whole 20 good ais they are this week.
Moreover, during the past week there
has hcon a general advance in wages.
immediate ur prospective. AZ most
points the advance " no per cont or
more WAS entirely voluntary. II has
averaged o 60 10 per cent In tinplate
works aud about 10 per cent IN other
eases. ana me- II Affects much over io0.-
900 hands II viii add greatly tp tho
purchasing power uf the wagc-curnerF.
The returns % failures IN Fehru-
ary. while showing larger linbilitirH
than In January. are highly cncputng-
Ing. \ rather unusual number of large
failures IN scattered branches Of manu-
facture has swcllod the aggregate. In
Guiding one concern for 1900. 600 In
electrical apparatus. but IN nearly all
branches, the statement Indicates "a re-.
markably healthy condition In spite of
these failures. while IN trading the de-
faultlng liabilities are smaller than Ia
January. or any previous winter month
for six years.
In prices tho striking feature has
been the rapid advance IN Iron ana
steel products, resulting from o. demand
greater than the works IN the cuuu.
try can supply Az IN" works of Inn
portancc have been crowded with or
dCr running 60 July and later. Related
buyers have given ne to concerns long
Inactive. ana no. these can add but IT.
tie 10 the output the markets have
been entirely controlled by the buying
demands. ~ sorts ~ prices have been
been paid, some Tor early delivery
and i0mo for delivery after July. but
iia.s0 II quoted Tor BeHaemor rig at
PittHburR ti2.jo Tor gray forge. and ut
the Fast fii.2i h quoted Tor unthra.
cite No I.
Prices ~ finished products have also
been advanced ~ per ton for Eastern
and Western bars. pilates ana structur.
al forms. and ~ for wire nails The de-.
mund has not yot been checked. and
some heavy orders have boon taken at
all points. even nt tho highest prices
named. but the export business ~ like
~ a. be- stopped Tor tho present.
Holders ~ wheat have been looking
Tor the report ct the agricultural NNa
pnrtncnt on stocks held by farmers
March 1T, but commercial reports indi-
cate that such are the largest ever held
nt this date. They have o. support
| them the Western receipts. which have
| been larger than Tor past years In Feb.
ruary, for four weeks i2,i1i.0no bushels,
against i0.o0tC00 bushels iuft year
/ while Atlantic exports have been Tor
/ four weeks. is.s2f.hsG against p.sis.61f
last year. The Pacific exports have
/ boon G0t7l5 bushels fnr the week
against Gi.9al last year. ana from other
/ ports is7.s29 bushels have been shipped
| during the past week. Rarely, u ever.
has there been uH great "a demand Tor
| grain nH az this season, but the price
/ has yielded ihc Tor tho week although
| corn has advanced y cent Tor spot the
! receipts having fallen.
] "'fhe textile Industries are making
| prugresH. There has been q strong in.
| crease IN the demand flr cotton goods
/ resulting IN further advances Ia tho
I prices FOR some while IN wuolen goods
/ d slight advance. Notwithstanding a de.
| cline IN The prices NJ wool during Feb
runry. The decline has not been Epncr.
] IA M wool. NOR has tho advance In
goods The heavyweight season hui
been disappointing and the munufuctur'
] prH are WILLING in got on Tor the time uf
I best they can ln tho hope that larger
demand win come from the clnthlrr d
little later.
Failures FOR tho week have hccn. IN
the United States. isG, against iai last
ycarnnd Z, In canada. against ~ last
| year"