The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-11-04
Enormous Sales of Wool Are Re-
ported at Boston.
AN ADVANCE OF PRICES
SMALL DECLINE IN WHEAT
DOESN'T HINDER EXPORTS.
Dealers Refuse to Pay High Prices
Asked By Manufacturers of Boots
and Shoss-The Market For Met
als-on the Stock Exchange Dur
ing the Week.

New York, Nov 3.-R. G. Dun & Co. s
weekly review of trade will say tomor-
row: British disasters in South Africa
have brought to view something be-
sides the steady self-reliance of the
English people that they hold not many
American securities TO be dislodged in
time of alarm. but are inclined to take
more when stocks and money looks for
safe investment.
A little decline of &c in wheat and
1izc in corn does not hinder exports,
though 1t is some evidence that grow
ers think they have ample supplies
Atlantic exports of wheat for five weeks
have been, flour included, 1856, $50
bushels, against IS, 1S2,6S1 bushels last
year. and Pacific exports, 2.71S.55l bush
els. against 5,917,zS bushels last year.
Western receipts of wheat have con-
tinued heavy, but have not rivaled last
years extraordinary outpouring,
amounting to only 35,95S,0S7 bushels in
five weeks, against 1850, l91 bushels
last year, but western corn receipts run
ahead of last years in the same weeks.
and the exports have been 1S.64S.O44
bushels. against 11,55S,l5s bushels last
year.
The enormous sales of wool at Bos-
ton, q ,557, 500 pounds reported. making
\
kets for hesweek, are extremely i'm
portant That not all are for consump-
ton. as the trade is naturally tempted
TO believe, may be true, and yet actual
purchases by the mills of half that
quantity would imply extraordinary en-
coura cement respecting the demand for
wooden goods. The prices have been
generally advanced to an average
scarcely below that of May, 1892. and
Sc. oh nd n
washed, and pulled wool, slightly
higher. Expectation of higher prices
at London prompt much speculative
buying. but the demand for wooden
goods is also undeniably encouraging
Cotton manufactures have also been
in great demand, with prices constant
ly rising, so that with middling up
lands at 7.56 cents, goods are relative
~ nearer in price than they have been
since Oct. l, but 1t is expected they Will
advance much further. depending upon
the correctness of current estimates of
the forthcoming crop.
Prices for pig iron for early deliver
les are still advancing. but as great
part of the demand has protected itself
By contracts running far into next year,
including purchases of $4,000 tons Bes-
semer this week at S23.50. and as bill
lets are quoted at $3.50 for spot, but
y
interpreted several ways. Anthracite
pig is also quoted at s24.50 for early de-
livery. But no finished products have
advanced during the past week, ex-
cepting refined bars, which the east
em association has put up 81 per ton
More weakness appears in some
lines, of which the works have not Or
ders running far ahead But it is
claimed that 100000 tons of rails, so
per cent Of the entire capacity. has
been sold for next year. Tin is weaker
at 5000, and lake copper lie, while
spelter is offered at ass cents.
Dealers are refusing to pay the
higher prices asked by manufacturers
of boots and shoes to such an extent
that future orders are somewhat re-
stricted. Yet the October shipments
were 473,722 cases, against 415.250 last
year. an increase of ~ per cent. and
1861, 939 in the same week of 1892. an in
crease of nearly 80 per cent. Consid
cradle irregularity appears in the re-
lation between demand and supply with
rather more general hesitancy in buy
ing on the part of dealers in wooden
goods. Hides and leather remain strong,
packers having somewhat advanced
prices at Chicago, their supplies be-
ing sold four to six weeks ahead.