Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-07-15
Dun & Co, Take a Roseale View Of
Financial Prospects,
THE SITUATION IN AMERICA
Hut II II Time TO watch for Trouble
London IL Anxious ns to
the Future.

New York. July AR C. Dun's
weekly Rovicw uf Trade will say to-
morrow: because every prospect
plcases, It Is the right time to watch
most closely FOR signs Of trouble. But Il
Is not easy 20 find them when the
volume OF business Is C37 per cent larg-
cr than In 1899. the best of an years
except the last. or when failures COM
tinue the smnllos eySr known, or
when the exports Of staples begin TO Inn
prove materially. or when railroad
business is by Tar the best ever known,
or when New York bankers appear IN
International Operations. listening 20
Russlan inquiry and undertaking a
Mexican loan.
Even the Industrial disputes Incident
TO the season cause less trouble than
usual, the largest OF them having been
settled Thursday by the tinplatc COM
pany The Bank Of England finds IL
difficult 20 borrow more from this side
and frankly raises rs rate. while this
country begins 90 ship fresh crops Tor
which Europe will run into debt
Iron production Ia the first week Ot
July was 263,3ll tons, for the past two
weeks less, because "a strike on july lot
closed seven Shuunugu furnaces produ-
cling 1900 tons daily, though u lH gN-
pccted 10 end today ana several other
furnaces have begun producing this
month The Increase OF 1901 tons week.
ly IN Juno. with decrease Of 80 800 tons
In unsuld stocks, not 81 the great steel
companies Implies a production ~
about LES 800 tons In June. CouHump-
tlon would be- l,2090O0 tons, and I'm the
half-yoar dSiA,2l5 tons. but Tor the fact
that Hteclmukers have stocked heavily
against orders running through most NJ
the year. drawing from outside sup
piles, 80 that consumption proves only
100000 tons, or oven less Prices are
climbing, but only for the triiliug Hup-
piles not covered by contracts. Ho tnHt
quotations represent but un inHiguIn-
cant part OF the actual business II iH
~ more Importance that now orders,
though many seem no longer equal 90
the weekly output. except IN a Tow
branches, Whilo furnaces ana other
works are being started again.
copper Ga shade weaker ut lsL
cents for lake. the government report
Ing the output ln 1895 ns 52G.3fj.3gt
pounds, Tin ia strong with London
speculation, ut 2s..1 coniH, and lead is
advanced by the smelter company to
N.5i.
"The largest shipments of boots and
shoes In ans yoar Tor the gpnHou 191 $50
cases loo two WuukH, la creator hy IA
per cent than laat year. $40 pnr cent
than In 1890 ana 234 per cont than In
ltH2, ana result from worry cNtenslvc
pressure 90 guJIclpIto orlpHf Cor August
on September distribution Car pxre.ding
expectations, hut there are reported
WIKI such appeals not ne1rIy n4 large
though numerous duplicate orders.
llemlock sole leather soils largely, hut
some kinds slowly with slight yielding
prices, Though cotton b. ptHudy, in
spite Of ToNRH Hoods, ut Gl1 cents, and
run and sustaius prices, a reduction OF
half cent IN some fancy prints De- being
reported, Larger distributions are exc
pcctcd this month ana export demand
increases
"ln wool great speculation la In
prumeEa, Sales In two weeks ronchcd
.2.tllOl pounds, urnlnei Hgl1sul in
1895, when buying WAC To anticipate now
duuee. 10 Do worth noticing that mo-
purchases hy manufactures are mon
Toned save one FOR 400 pounds though
th'rs lH much calculation that the
manufacturers must buy nt any price
asked. Western frenZlrs som times
mUEe Eastern m1rkuts but ns o. rule.
consumers make prices iu the end.
"1n sharp contrast with official and
other wheat reports are the recorded
receipts nt Western points. SOSS,l4G
| bushels IN two weeks, against lAtl,,3l
last year 10 ia not strange that prices
have declined iNc, and exports Wour
| included were from Atlantic ports In
1uly thus FAR i.isi.eN bushels, AGAINST
| iO392l3 la4l year ana from Pacific
pnrtf i1iOAAi bushels, against N0l 100
| Inst year. hssideR iO5,5Si bushels this
year from other ports.
Failures for the week have been 1893
IN the United States, against 2l5 last