The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-03-25
Dun's Agency Sees Nothing But
Booming Industries.
PRODUCTION INCREASING
CONDITIONS UND1sTuRBED BY
WALL STREET GAMBLERS.
Wool Goes Still Lower and the Tired
Holders Are Beginning to Unload
Pig Iron Is Lower, But Orders
For Steel Cannot Be Filled at
Any Price.


New York, March PAR. G. Dun & Co. IS
Weekly Review of Trade will say tomor-
row: Business is not frightened, either
by the great capitalization of new COM
panies or by the wild fluctuations in Wall
street. No matter how much the stock
operations in New York may count, bust
ness elsewhere is large enough to warrant
a wonderful expansion of industries, and
that is the thing most important to OBJ
serve. In no considerable branch has pro-
ducuon diminished, but in all practically
1t has been increasing the past week. In
iron and steek a little lower price for Bes-
semer pig appears at Pittsburg, but with
southern iron at Chicago so cents to 81
higher. There is no market for biilets, as
no works east or west can furnish them
at present. but quotations range in price
from so at Pftsburg to $27 at Philadel-
phia. In the finished product, there is the
same trouble. Rails can be bought at $23
but small lots have been sold at s26 at
New York. Chicago is taking many con-
tracts for building in Boston. New York
and Washington, amounting to 1000 tons,
but makers elsewhere are overcrowded
with:work. No market can deliver plates
within any reasonable time, and Pitts
burg works are sold to July. on sheets,
though instead of $40 there, $2.65 at Chi
cago and IS at Philadelphia is paid. Plate
mills are all full and there is heavy de-
mand at Chicago for bars, with one car
LIdhSI > CO.-tTdCI LOT 0,UUV IO0S,s Prices
steadily growing stronger.
The minor metals are all weak with the
reaction of london speculation, though
copper has, declined II cents here and is
yet SO much above London that exports
have been stopped for the week The
February outbreak both here and in other
countries was greater than last years
monthly average, although February is
a short month";.
Wool is atthe doubling point, with large
sales ordered from the interior by tired
holders and some concessions made to
secure transactions at Philadelphia and
boston, though quotations show only
moderate decline and sales at the three
1892
The wheat market is just now stronger.
for although the western receipts for the
week are S,S99000 bushels, against 2557-
600 last year and for three weeks 1900 900
larger, the exports, flour included, have
been for the week from Atlantic ports
:, s2O 461 bushels, against 1S24,5s9 bushels
last year, and from Pacific ports S24 1873,
against l,S6ST last year, other exports
being $50, 920 bushels. 1t is not possible to
ignore the importance of so great de-
mand extending beyond the middle of
March, and sober traders realize that it
means heavier outgo than has been yet
expected. Western crop estimates are
condition Of wheat for the coming wear
are on the whole favorable, but prices are
csc higher than last week, while corn is
PIC higher
Failures for the week have been 200 in
the United States, against 251 last year
and twenty-four in Canada against !
tWenty-one last year.