Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-06-10
Products Have Advanced More
Than for Years Past.
CAUSED BY SPECULATION.
emand Tor WOODEN Goods wheat
suffered u Decline weeks
Failures.

New York. June a--R. q. Dun & Co.'S
Weekly Review Of Trade will say; THE
past week has brought rise In prices
not equaicd In amy other week Of many
years. Iron products have advanced.
plg iron 4S per cent. following ad-
vancca or 3 per rent In pig and 4 per
cent In products during May. Cotton
has advanced 1 per cent. and cotton
goods rs per cont during the week.
with wooden goods 6 per cent. and boots
and shoes per cent. a little reaction
OF per cent appears In leather. and Z
per cent In hidca. but the characteristic
OF the time IL that expectations "
higher prices induce buying far In nd-
vance Of requirements for conaump-
ton.
1T IL needless to say that this ~ a
symptom of danger. and the most con-
tcrvativo manufacturers. especially Ia
Iron and steel. have strivcn 90 avoid IL.
but actual inability 10 deliver products
demanded leaves them little power.
while speculation IN WOO, ana other
lines Is running away from consump-
1t Il "a saving feature that quota.
tons are largely fictitious. Almost AN
the goods now being delivered aru pros
duccd IN some Industries ar on prices
hErd by order accepted several months
nFo, and nearly all the irun works be-.
ing thus tied up Tar ahead. the prices
quoted indicate not ne nll what they
are getting. but what they geo nt To
usk az q way of refusing orders which
they cannot accept. pr else the bids "
impatient buyers who can nud nobody
ready 10 deliver large quantities.
During the past week quotations
have risen Tor anthracite No I Do ftFs0.
ior baHacmgr 90 1850 at piitrhufE. Tor
gray forge iii2i. for hlllota with practi.
shiy pm sales 20 fli.oo, Tor rails o. 90.
TOT structural beams and anNitH s. pHr
ton, nnd Tor wirc nails $50 nor Neg. IIut
there are no accounts of large trnnsnc.
tluW ut those or any other urirUs
lhpuRh small sales " pix last week far
lulN, ana this week for Hromcn az
market prices. with German onrrs Ia
lopoo tons southern rlr. indicate the
n,gdn Abroad ARE quite ne great Aa
while there Is better demand FOR
wnnlen goods. ao that prices ~ SOME
have advanced. % On not set possible H.
distinguish, heavy speculative opor.
hilnns ln wool AZ Boston fwm EFFORTS
o. mills a. buy. The prices current In
hll Wuplsrrowlng sections nrr no hlrh
o. 10 prevent sales ln Eastern mar.
vets 90 consumers, and the readers who
believe that mills VIII presently be-
forced 90 pas hlgher nricoH, are taking
the same rick they asa M the winter. III
held
''rhe cotton market has advanced
i.if cents without other rnessn than
the good demand. but stocks III cotton
here and abroad are heavy and the n.
nnncinl chronicle estimates darrgnas
on only - per cent ln acreage. Goods
are selling largely. and prices NJ cling.
hams ana prints have advanced.
After some advance wheat sudden.
" declined 2 c"uts. closing lower Tor
the week Against an ncruuntn NJ i'll.
iury u the solid fact that Western re-
cciptH were i0iaini bushels Tor mo
week. against i.t1I0i5 bushels from Tho
great crop NJ laHt year. and nt current
low nricen such receipts would d. ev.
pucnhle n growers really exn.Ut n
short Yield IMPORTS have declined. Re.
INK only ikti711 bushels n1ur lu.
clulod. from Atlantic ports. against {
soN2Al bushels last wear. and On 600
bushels from Pacific ports. against 95l
2ii bushels last year. but eypn a. d,
future foreign demands this in not
strong evidence. The estimates OF 49,.
duction IN Yield are weakened on tho
marked Judgment by certainty that
spring wheat acreage o. unknown mud
may exceed expectations. and thai tho
prospect Il excellent
'for the current week failures hnve
been $50 IN the United States nraipst
.n7 last year. and 10 In Canada. against
n last year"