Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-21
STOCKS SHOW
BIC BUSINESS.
Despite the Fact that a New Year
Rarely Opens BriskIy.
WOOL Is VERY TRANQUIL.
Iron aud steel Manufacture Lead.
G'cr, otbcr Industry In the Vol
ume Of New ssu-iness.

New York Jan. e0.-R. q Dun 4 90. =
weekly review ~ trade Will say tomor.
ipw. ~ new year rarely opens brill
lianiy. Too many traders have 10 wait
FOR the demand which In winter comes
slowly. The Industries resist fairly we'll
the tendency Ia unlimited expansion
which some have to meet. Speculation
IN products is yuininx but uNlc while
stocks show enormous volume ~ husi-
ness results in continuallyhlshcr prices.
The volume OF payments through the
clcarlng-houaes o. extraordinary. As per
cent larger than last year aCa per cent
larger ihan In 1897. and ft5 per cent
LARGER than In is't.ovcn the transactions
outside ~ New York showing a gain
over 1899 ~ liG por cent Speculation
nc New York therefore. cannot be the
main cause ~ gain
Difficulties between holders of ma
toriul and manufacturers continue to
hinder In some industries. ana In some
may prove seriously embarrassing, but
the activity ~. on the whole unHur-
passed hitherto, aud the volume ~ traf-
nc 10 beyond all expectations In some
branches consumption h running be-
yond the producing capacity. but In 9TH
crs II II hindcrod by doubts about
the future supplies aud prices of ma
toriaiH.
"'rhr wooden manufacturer II still
waiting. with only moderate demand
for goods uH yct. The production ~
large and considerably larger than In
recent years. but does not nearly APP
prohch the capacity ~ the mills. Sales
~ woods Tor the past three weeks at
the three coutorH ~ tho Eastern market
have been iG $4,000 pounds. against
q. 20. Geo pounds last year. ana prices ~
domestic fleece nru lower. with present
demand running largely To- quarter aud
hhlf-hluud Australian crorfhredN hut
Their" o. not enough change In material
or IN demand for goods to encourage
heavy buying by manufacturers yet
THE iron ANA steel manufacture
leads al others In the volume of new
business. while production " much
the largest ever known. many of tn"
works are Withdrawing all quotations
ur naming prohihltory prices IN order to
check orders which they cannot M for
months to come, ana do not want To
accept az current prices The number
the heavy demand Tor materials COW
erH many months capacity. The Res
Hemer pig IL a shade higher at fio.ao.
with sales % $4,000 tons at rlttHhuhrg.
and there N something like famine
In rruy forge. with sales AZ $3.50. nl-
though one halo at $685. In the valley
~ reported.
while finished products nrc In very
great demand, especially Tor ear build
INK ana special works at ,h- West. the
week shows no advance IN prices. exc
ceptinE 10 cents per ton In steel rails 1T
the East
These conditions favor continuance
~ the extraordinary foreign trade
which resulted In the greatest balance
In favor OF this country ever known,
January ~ this year indicates similar
excess ~ exports over Imports and
while wheat exports have Increased
every month since last August. they
have been In three weeks li.05S,O'i
bushels Hour Included. from both
cnnsts against ii,Sss.sss bushels last
year.
Failures Tor tho week have been go
IN the United states, against aii last
scar and 80 la Canada. against 80 last
year"