The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-12
WEEKLY TRADE REVIEW
Hesitation In Business Has Been
Very Slight This Year.
ALL BRANCHES PROSPER
HATING HAS BEEN FOLLOWED
BY LARGER BUYING.
Large Wool Sales Ma6s at Three
Chief Enthusiastically of Wheat
In Spring Wheat Region Larger
Than Was Supposed-Business
Failures Still On Decrease.

New York, Aug. 11.-R. G.. Dun
Co.'S Weekly Review of Trade will say
tomorrow: After great expansion, bus
mess hesitates. This year it is aston
ishing that hesitation has been sc
! slight. In one branch after another
/ buying has halted, only to be followed
/ by larger buying. The output of iron
furnaces in blast Aug. l was 269,012 tons
weekly, or 6.S per cent more than in
1892 and 81 per cent more than last
year. With d decrease of p 1861 tons in
unsold stocks nearly half in charcoal
iron, the apparent consumption and
exports did not exceed 1,120,1i4 tons,
which ba1ely equals the lowest report
of production Aug. l, and other fur
naces have started since that date, with
several more to follow. The supply APP
pears to be at the east equal to the
demand, although new demands for the
week have covered 200 tons for new
buildings at Chicago, with much for
bridges. and 1900 tons for eastern
buildings at Pittsburg. In bars, both
eastern and western mills are unable
to take orders offered, nor in plates can
they take all orders anywhere, while in
sheets the western mills are overcroWd-
ed, though the eastern demand is
lighter.
The Connellsville coke output is
again 49,, $50 tons for the week, with
only $50 ovens idle, and prices are un-
changed. Tin, following London, has
risen to SO cents but fell to Bliss cents,
and copper is hard to get at 1S1s cents
for lake. Lead is quoted at $3.50 to
s4.60. Sole leather has slightly advanc-
ed with buff and split, but the conven-
ton of boot and shoemakers proposes
to advance prices though without def
mite authority. New orders are now IN
some lines larger than the works can
accept, though in many others more
moderate, and not eXceedings half the
output Chicago reports hides slightly
lower for packers, but shade higher
for country buff and heavy cows.
Wool is a little less after its great
rise, and inside quotations are some
times accepted, but sales at the three
chief markets have been 2O,206,69O
pounds in two weeks, against 2S,495,SOO
pounds in the same weeks of 1897, and
16. $4,000 in the same weeks of 1892.
Wheat receipts at the west have been
s, 652, $50 bushels in two weeks, against
j, as. $50 bushels last year, making 1t
hard to believe the unfavorable crop
estimates which still come forward
from unofficial and official sources.
The exports have slackened, amount
ing to only 6.269, 1873 bushels. flour in
Guided, from Atlantic ports, against
s. 945, 81 bushels last year, and from Pa
cific ports 400, POP bushels, against 925,-
255 last year, other exports being 54S,-
$50 bushels. Contradictory stories |
about foreign crops weigh but little, |
with the actual buying of |
grain and movement from the farms. |
The truth seems to be that the supply |
Of wheat in the spring wheat region is |
larger than anybody has supposed
Failures for the week have been lS6 |
n the United States. against 1876 last
year, and 20 in Canada, against is last
year.