The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-09
Little to Be Feared From Complica-
tons In the Transvaal.
BANK OF ENGLAND SAFE
INDICATIONS THAT THE WORST
has BEEN PROVIDED FOR.
Marketing of Domestic Products Con-
tinues Surprisingly Large For the
Season-Big Returns From the
New Professionalism Market
Less Active.

New York, Sept. .s.-R. G. Dun &
Co.'S weekly review of trade will say
tomorrow: The sky is. still cloudless
and no disquieting change has come
during the week. In spite of more
warlike news about South Africa, the
Bank of England behaves as if the
worst possible had been fully provid-
ed for, and this country has no reason
to fear trouble from that source unless
English markets have been so over
loaded as to need help. The market
ing of domestic products, both farm
and manufactured, continue surpris
ingly large for the season. The new
possessions, taken together, are return
ing in revenue already more than it
costs to clean and govern them. The
west and south still behave as If 1t
would be impertinent for New York to
offer money for crop moving, and are
still bidding for commercial loans here.
Failures are few, strikes scarce and
readily settled, and the passage of Sept.
without pressure means reasonable
safety for months ahead.
Cotton has risen 3-16 of cent since
annual reports, regardless of these, and
owing to bad accounts from Texas. The
market for goods is remarkably strong
this week, and previous prices are fully
sustained. s'~
After sharp decline wheat has risen
a quarter of a cent this week, with At
lantic exports 2,9OO,966 bushels, flour
included, against 2,325, 100 bushels last
year, and Pacific exports 364,25 BUSH
els, against 163,1 1872 bushels last year.
Corn has also taken a start upward,
rising q of a cent, with exports of
3,051, $50 bushels, against 2,431 ,0S5 BUSH
els last year. So great a demand for
both grains deserves notice, but so do
western receipts, 5,495,697 bushels of
wheat, against 6,774,611 bushels last
year, and of corn. 1928. 437 bushels,
against LOS 1852 bushels last year. There
is no hesitancy in selling or in ship
ping with extraordinary foreign de-
mands, for the reason farmers are
sending forward at remarkably low
prices extraordinary quantities of grain.
Neither philosophical explanations of
the rise in iron and steel, nor constant
addition to the number of furnaces pro-
ducing, checks the advance which has
made Bessemer pig sell for $25 at Pitts
burg, grey forge for s19.75 there, an
thracite No. for $3.50 at Philadelphia
and local coke for $21.50 at Chicago.
With the whole output of its furnaces
sold ahead for the year, the Valley as
ISOLATION demands $23.65 at Pittsburg on
future contracts, and Chicago is SELL
ing mainly for delivery next year. Fin
ished products are advanced in some
cases S. per ton at a time without
checking the demand, as for sheets at
Pittsburg with plates advanced 81 and
wire nails SO per ton. Large contracts,
even at these prices, are reported, many
running into next year in Chicago and
Pittsburg in bars and in plates at all
points, with 5000 tons western and large
eastern bridge contracts taken by works
four or five months behind already,
and inquiry for 200 miles of pipe in
South Africa pending.
Tin is strong at 321s cents for spot
1 ,255 tons December in all visible sup
ply. Lake copper is steady at 1872
cents, with heavy buying for electrical
use, and lead is quiet at $3.50.
Preparations for other wooden COM
binations affect the market for goods
somewhat, which is nevertheless strong,
although some irregularities have de-
veloped in worsteds. The wool market
is much less active than of late, with
sales of only 9,225,200 pounds at the
chief markets, mostly territory, and
while prices are stiff manufacturers
are buying only for immediate needs.
Quotations for the week are unchanged,
but holders are confidently looking for
q large advance to result from the Lon
don sales.
Failures for the first week of Septem-
Der have been $715,56O, against 81, III. 500
last year; manufacturing, s212,25S,
against $224.60 last year, and trading,
1856, 313, against s7O3,991 last year. Fail
ures for the week have been 1872 in the
United States, against 1874 fast year,
and 80 in Canada, against 16 last year.