Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-13
Aside from Stocks Il Shows a De-
cided Increase.
IRON INDUSTRY RUSHING.


New York. May Ar. u. Dun a
Co.'S weekly Review ~ Trade Will say.
TO speak truly of business this week
one must frre the mind q stocks. for a
severe decline In manufacturing stocks
has created an impression TINT It has
some relation 20 productive Industry.
but u has none. There was no change
In the money market worth mentions
ms ana The volume of business shown
by payments through the principal
clearinghouse wss as per cent larger
Than In 1899. tho year u greatest pros.
pcriiy hitherto. which IL more than
double the gain anybody considered
possible a year ago.
Never before reaching q quarter Of q
million tons per week. the iron manu-
mcturc reports SHAY 1t an output "
aso,oss tons weekly. which. with 5t.lts
decrease In warrant ana furnace rtockf.
indicates a consumption u si.gag tons
dSiiy. against 1850 IN March. stsit In
February. and ae.sli In January. The
average Tor four months II 1s.0g5 tons
daily. against as,sop last year. An In.
creas" of 10 per cent IN the year would
b. less Interesting " consumption q
year aEo wcr, not far beyond anything
previously realized Vet proposed com.
hlnatlunH Numbered iarFsy orders In
bars ana sheets while tho structural
business 10 40 hraNy na ever In small
lots, With hld contracts about 10 come
~ chicago Tor the drainage canal and
ihe plate business too big Tor all the
works 30 handle. Invites no consnlida.
ton, the chicago and Philadelphia
works helnr behind In deliveries, and
Fitiahurg works troubled by demands
for 400 tons vessel plates and top1
more close ahead for the government
docks az Alrlcra only piT.ifon sd
Nanced. liesfemrr i0c and gray fnrg.
e at Pitisburs and local plE soc at
Chicago.
In minor metals tin declined at Lon
don 20 si.21r, and copper H. weak ut ipc
for spot ANA ~ Tor futures.
Hides at Chicago rose about 10 per
cent. with actual receipts ~ cattle Ia
-four months 10000 less than last year,
aud over 10000 smaller than In isal.l
notwithstanding the gain In population
Nobody who has studied statistics
can tell why purchases Of q million
pounds Australian wool for export this
week. foliowlnE others In previous
weeks. should advance prices ~ wool.
nor where purchases Of s0op.r00 pounds
cNnlnlnnhle. hut Il l. Just the time FOR
nruwerN tp ask al they can hope to Fet
and Just when the largest manufartuf.
efn We're ready 10 buy only the smaller
are buying. Prices arr said o. have
been Evneraiiy advanced with higher
demands from tho Interior hoidufa hut
Il remains question whether sales ~
10 ias,oo1 pounds Tor the week. against
f,sfi so IN itf2 and only little more
In 1891. VIII prove profitable The mar
net for wooden goods u waiting FOR
evidences u demand which do not yet
appear, and the delay In getting the
new combinations into working order
causes some hesitation,
~ government estimates were com
cliorrd reliable Instead OF one based on
entirely unknown acreage ~ wheat and
cotton. Il would b. everywhere resent.
-, Thus, with official returns pointing
IN great ducfraHe In winter wheat
production the prize" dropped e.. and
cotton declined Tor options through re-
tanning the advance of sixteenth for
spot which was established before tho
government report appeared Nobody
can base n sensible estimate OF randl.
ton which takes NO account % the
acreage NJ winter wheat Killed aud
abandoned. Tho best that can hr sai1
II that worse returns Nera expected
In both markets, 30 that the govern
ment report had practically no innu-
once.
Failures Tor the week have been isi
In the United states. against giG last
year. and 20 In Canada, against q last
year"