Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-22
OUR INDUSTRIES
UNOISTURBEO.
Dun Says the Danger Point Has
Been Safely Passed.
FAILURES ARE DECREASING
Loans ON Industrial. sun Isiehcr
Than ON Hallway stocks wool
selling at Bottom Prices.

New York. April 2i.--R. q. Dun &
Co.'S weekly Review Of Trade will say
tomorrow; "Nothlng appears In busl-
ness or In money markets to prevent
continuance Of the heaviest trade ever
transacted at good profits. The pay
mcnt to Spain IL supposed TO have
caused some rise In foreign exchange
which would amount to nothing In any
case M balances due from other cOun-
tries more than cover the payment. and
advance bills against crop to come for
ward In July and later Will soon be Of
fcrcd.
Loans on Industrial securities are
still at higher rates than ON railway
stocks but ON good commercial paper
or railroad stocks money " In ample
supply and at low rates Nor have
stock operations caused any appearance
Of pressure. The financing Of new cor-
poratlona has passed thus far with less
trouble than had been feared. though
the completing Of some organizations
IL hlndcred or has failed.
The usual time for financial trout
blea In the spring has passed and the
usual alarm about the crops has done
itr work and Etili Industries are un-
disturbed. The one hindrancc IN stock
speculation II doubt about the crops
but better unofficial reports have sup
ported differences warranted by the
heavy receipts from the Arms In the
West ana South. Farmers do not
send wheat or cotton to market IN large
quantity when crops anywhere near
them ARE extensively spoiled.
Wheat receipts have been f,5ii,3il
bushels against s.:06Gt3 last year In
three weeks OF April and the Improve
ment since April LIST H. worthy OF no.
ticc. Exports have fallen on. amount
ting from both coasts to only G1Ti.iN
bushels. flour Included In thvee weeks
against io.eis,iss last year. and tho
price closes but half cent higher
than last week.
Nothing but Industrial depression II
left to excite apprehension. but the
Industries sre meeting something very
unlike depression. The Kind OF "lull"
that appears In the iron market r..
joiceH the manufacturers. because they
nrc crowded far ahead with orders. II
means, very true. that many buyers do
not want to contract far ahead at the
hieh prices now asked and also that
many orders have been for "a time
Withdrawn. n also means that manu-
fncturcrH who ARE 10 crowded that lit
tie new business can be- taken. are
anxious TO get nearer 10 the end OF
their engagements before fixing prices
for the future.
Almost nothing II done In pig Iron.
though Southern II sold largely nj Chi
cago and Pittaburg Heavy demands
for bars TO be used In car and other
works cannot be mot at Chicago, plate
mills there and elsewhere ar. refusing
orders. contracts for 5000 Ia 10. 900 tons
structural work ut PittsburR and some
Mt Chicago are taken though many 9th.
ers are deferred and sheets are less
active because the works are generally
too crowded.
"Thc coke production IL atlii close 10
the maximum. London Hpccuiatio
lifted tin TO s5Hc In spite OF $40 tons
and scarce at 1Stc for lake. with gao
tons brought back from Europe. though
the United States production was only
si.sis tons In March.
Men who have held wool Htifiiy for
moro than year. are selling freely at
bottom prices. admittedly the lowest Of
the year. Sales Mt the three chief mar.
ketr In two weeks have been 23.2Ol aS5
pounds OF which 1891. bS6 were domor.
tie. against 1896 100 pounds In isg2
Territory wool 100000 pounds was sold
for export TO England and 100000
Australian In bond, which has been held
here fifteen months. fine wool being
very high there while cross bred II ~
low that II can now be imported. With
assurance OF better prospects for goods.
woollcn manufacturers are waiting for
the offcct on various combinations. The
demand II not at present especially |
largc and considerable machinery IL
Idle.
Failures for the week have been igi |
In the United stntca against s0t last |
year. ana 20 In Canada against 20 last
year"