The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-03-18
Volume of Business the Greatest
Ever Known.
EXPORTS AND IMPORTS
HEAVY BALANCE ON THE RIGHT
SIDE.
Exports of Breadstuffs Show a De-
crease, But Shipments of Mer-
chandise Were Increased = Wool
Sales Are Light and Prices Have
Yielded-Effect of the Trusts.

New York. March 17.-R. G. Dun &
Co.'S weekly review of trade will say to-
morrow: In business this year cannot be
compared with any other. 1t can be said
that payments through the principal
clearing houses for the past week have
been 5l.4 per cent greater than in 1882 and
sos per cent greater than in 1898, but that
e&aggerates the gain in some branches of
business, while in others it falls far short
OF the gain. Thus, the February exports
OF manufactured products have about
doubled since 1892. Omitting New York
cIearings, where speculation in stocks IS
most active, payments through the other
principal clearing houses for the same
week show. an increase of $40 per cent
over 1882 and 2l.l. per cent over last year.
But without regard 10 such details, all
realize that the volume OF business IN an
branches Is the greatest ever known. The
national prosperity rests on more Sol1d
foundations. The exports Of breadstuffs,
provisions. cotton and oil in February
showed a decrease of S6,oee,oo0, but other
exports, mainly manufactured, were $50
406,94S in value, against SSl,215,3S6 lest
Year, and were sufficiently large TO cover
oO per cent Of the entire imports. Inc
merchandise exports exceeded imports for
the month 1893 624, III, the gold supply in
ereasing, and there appears no occasion
Tor monetary disturbance.
The treasury recorded its fist payment
of the $50, 900, 900 for the Central Pacific
railroad. having previously received $751;
900, 900 for the Union Pacific and over
S6,000.G00 for the Kansas Pacific.
Swiftly-riSlng quotations for iron and
Its products would mislead if it were not
Kept in mind that more than nine-tenths
OF the iron manufacturing capacity is en-
gagged, and viii be until July or later, in
the execution of orders taken months
ago at low prices. II a million tons of
products go out this month, $4,000 tons at
such prices as SIS to so for steel rails at
which the entire output of the Illinois
Steel company for this year was sold some
Tine ago, II hardly indicates the true
character of the iron business. Not less
than 100000 tons are going out at such
prices as SIG tG $2S per ton for steel rails
mace here for small lots this week. Be
lated buyers now have to pay fancy
prices to get orders accepted at all. With
drawalS or pOStponement of business be-
cause of high prices begins to be a signi-
meant feature, and much foreign business
is evidently lost, though there are still
sales Tor exports, including, 500 tons of
pipe for South America. and 5000 tons of
bridge material for Burmah.
The Connellsyille coke works, with an.
output OF 2f0 tons weekly and many
operating Sundays to catch up with
oerS, have advanced prices only Is cents.
Wool sales at the three chief markets
have been only 1895. $50 pounds, of which
2,t6l,000 pounds were domestic, against
b, iDo.ZC0 pounds IL the same week of 1892,
OF which 30O3,201 pounds were domestic;
but prices are soft. and some dealers are
said to have yielded as much as to 3
cents per pound clean. because no one
can guess what effect the new combina-
lions may have. Prices are largely nOmi-
nal. and yet there is a somewhat better
demand for goods Nor has the strong
demand for cotton goods been helped by
the weaker market for cotton, which has
fallen TO 63l cents. in spite of a volume
of reports about the bad condition of the
late-picked products. The price of goods
has been strongly advanced and is held
well, but yet depends on the price of cot
ton
The market which has lost most is that
which has least statistical reason to lose,
because no estimate of wheat in farmers
hands March would provide more than
about the last year S exports and domes-
tic demand to July l. The actual exports
of flour, included from both coasts. dur
ing the past two weeks have been 1876. 593
bushels, against 7.367S9I bushels last year
But such exports imply a foreign demand
which is not unlikely 10 exceed last years
and the corn exports are also a little
larger than last year. The western re-
ceiots for the week have been 3 1853. 900
bushels, against 275L656 bushels last
year.
Failures for the week have been 1S9 in
the United States, against EOS last year.
and 30 in Canada, against q lest year.