Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-07
BUSINESS WORLD BOOMING
Yelr Opens with Everything In Distinctly
Prosperous Condition.
There ts n Crowding Demand for
Finished Products, Especially
Ia the Iron Trade.

New York. Jan. G.--R. q. Dunn &
Co.'S weekly review Of trade will say.
"rhc year begins with the kind OF buri-
ness demand that counts. For months
there has been rising demand FOR ma
tcrihls. but now the crowdlng demand
for finished products begins TO advance
In the iron and steel Industry about
per cent without duotable changes In
pig except nt the East. Beams have nd-
vanccd 81 per ton. angles 81. bars 81.
and plates strong with an Australian
order for % 700 tons refused at Chicago
because the works are already over
crowded. Many thousand cars ARE
covered by orders ut pittaburg. 10000
tons bars are taken for agricultural
works at Chicago. 10000 tons rails ARE
taken by the Pennsylvania company.
The Midland Railroad company OF
England has ordered twenty locomo-
lives from the Baldwin works. and
many other home and foreign orders
are reported. The demand has never
been grcnter nj the beginning OF the
year thnn u IN now.
THE wooden manufacture has n SINH
lar embarrassment. While all quota.
lions of wool by Coates Bros Of phlln-
dclphia average 1903 cents against s0.u
cents u year ago. the market II gradu-
ally yielding because people appreciate
the magnitude OF stocks ON hnnd. which
the Boston Commercial Bulletin reports
at si.ooo.ooo pounds. an Increase In Its
account ~ iii.oo0.000 pounds for the
year. Obviously this means great
movement from the farms 10 millers'
stocks and Eastern markets, but prices
are not yet low enough TO encourage
the lafEc buying or consumption by the
manufacturers. The only heavyweight
goods yet opened are at reduced prices,
M has been expected. ana Il IN still un-
certain how far the trade for the com
Ing season may prove satisfactory
Cotton goods are In fair demand.
with cotton at b.N1 cents. and while no.
body can guarantee that the price VIII
not go lower. IL II believed by compe-
tent observers that the market for
goods II 80 far relieved of accumulated
surplus that prices are not likely Co de-
cline materially, even n cotton falls.
''rhc wheat movement has to sustain
II the largest foreign demand movc-
mcnt ever known for wheat ana corn
together, and the Atlantic exports ~
b.2ii.f20 bushels, -four Included. against
e.SlO.3is bushels last year, with Pacific
exports OF 6ii.S3a against S7e.iiG BUSH
els last year. would give some reason
90 anticipate higher prices were no, the
Western receipts 1901 .k3. bushels.
against 2.siG,0is for tho same week last
year.
'Thc country In on nm upgrade, and
the men who expect n 10 take n DOWN
ward roac hav. yet some time to walt.
There nrc no Indications of reaction
which always follows n large and rapid
business recovery and existing condi-
lions In the industrinlH and In foreign
trade by no means forbid the hope that
the Increase may continue Ms II did
after the revival In 1879. for several
years,
Exports compared with imports oon-
tnued TO Indicate nn enormous balance
In cash due this country. ana gold Inn
ports begin ngain.
Failures for the week have becn ei'
In the United States. against 3s2 last
year, and "a In Canada against SO last
year"