The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-10-21
Some Signs, However, That Buying
Has Been Checked.
CAUSE OF FALLING OFF
BUSINESS IN MOST LINES CON.
TINUES TO EXPAND.
Works Everywhere Crowded to Their
Utmost Capacity = Competent
Hands Hard to Get-Little
Change on Account of the South
African War-Heavy Wool Sales.

! New York, Oct. 20.-R. G. Dun G. Co. s
weekly review of trade will say tomor-
row: In most lines business continues
signs that buying has been checked
either because prices have outrun the
views of buyers, or because recent
! purchases have been so heavy that no.
body is left in need. Prices are still
advancing. in almost every line sup
ported by rising prices of materials,
and works everywhere are still
crowded to their utmost capacity, while
at many points it is found hard to get
enough competent hands. But the vol
ume of business expressed in values
rises much more than prices, showing
a remarkable increase in quantities of
goods exchanged.
The outbreak CT war in South Africa
has brought no such changes as many
feared. In England the markets have
treated it as an event already over dis
counted. and relations with this coun-
try were not appPeciably affected. The
outgo of cotton is just now checked,
but of other great staples and manu-
featured products the foreign demand
is surprisingly sustained.
Wheat has declined rs cents in spite
of unfavorable crop reports, and west
ern receipts do not keep up with the
unprecedented movement of last year,
having been but %, asa 400 bushels,
against so, 592 494 bushels during three
weeks of October last year. But At
lantic EXPORTS flour included, have been
in three weeks of October 1853, 216
bushels, against 1856, 226 bushels last
year, and Pacific exports 1,539,1S BUSH
els, against 2,2S9,312 bushels last year
Beyond doubt prices would rise far and
fast with such a foreign demand if Of
fetal and other current reports of
yield were fully credited. Corn ex-
ports and testimony as to foreign needs
having been in three weeks, 1924, 406
bushels, against 7,002,0S9 bushels last
year.
Wool has also enlisted a powerful
speculative interest and sales of II .293,-
600 pounds for the week at the three
central markets represent about twice
the consumption. But it is stated that
manufacturers exclusive of the Amer
lean Wooden company have been buy
ing quite freely, and while goods for
mems wear outside of worsteds were
not particularly active. there has been
excellent business in dress goods.
Sales of $4,000 tons Bessemer pig and
a reported demand for 100000 tons bill
let's in a bare market at Pittsburg
have made quotations less intelligent
than usual. Bessener sales at $2S for
next year and $24.5O for this year at
Pittsburg are reported, with billets
sales at $39 and $40 and sales of sheet
bars at $50 per ton.
The western market is strong and
the eastern is not changed. While
large orders for bars are refused at
Pittsburg by the works, which are full
for many months ahead, others just
starting are seeking such orders at 81
cents, and the Chicago and Pittsburg
markets are still full of orders for
plates. although the works at Pitts
burg have nearly caught up and some
of them are now taking only 2.75 cents
against $50 cents last week. Some
works are also taking orders for sheets
at $40, and in other directions there
are signs that the enormous produc-
ton begins to be felt. There is a
possibility of check, owing to shortage
of cars at Cennellsville, which restricts
delivery of coke, the output for the
week having been 109,9 1872 tons, with
more ovens in operation and price I'M
changed.
In the minor metals tin is very dull
and declining at 311a cents and the
copper market has been broken, lake
being freely offered at Is cents.
Failures for the week have been las
in the United States against 221 last
year and twenty in Canada against
twenty-four last year.