The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-11-25
Plenty OF Money to Carry On the
Volume of Business.
IRON INDUSTRY IMPROVES
SALES OF WOOL THIS WEEK
PASS ALL RECORDS.
Demand for Goods so Large as to En-
courage Much Buying By Mills
In Spite of Advancing Prices
Scarcely Any Change In Wheat
Bank Clearings.

New York, Nov PAR. G. Dun &
Co.'S weekly review of trade tomorrow
will say: Monetary anxieties have fad
ed with sales OF bonds TO the treasury
under the recent offer, the fall in ster-
ling exchange, in spite of the dearer
money abroad and easier here, and the
receipt of about s75O,OOO net from the
interior during the week. There is no
trouble in the commercial money mar
ket, and there has been none, and loans
on securities have ruled at easier rates.
While the extraordinary volume OF bus
mess throughout the country requires
greater activity of currency than IN or
binary times, there is no indication that
the volume has not been ample all the
year, and the course of the money mar
ketS throughout the interior shows that
the embarrassment here has been due TO
operations outside of the industries and
general trade.
The iron industry shows no yielding
in material, but little advance in Bes-
semer pig at Pittsburg, with large IN
quiries for next year. Prices OF rails
are maintained with one contract re-
ported OF 20000 tons for Japan and an
other pending for South Africa. A sim
gle order for car axles covers $4,000, or
$500 tons.
Structural prices do not yield. and an
giles are quoted higher. But works
which have nearly or quite filled their
orders are seeking others. with conces-
sionS of 81 per ton in eastern plate, 81
in steel hoops and. sheets and in bars
a. Pittsburg, while cut nails ~ quoted
81 lower The general ratio of prices for
all finished products is now 2.3l lower
than Nov. 1, though the average for pig
iron is l per cent higher.
Copper is unchanged. Tin has been
depressed to 27ia by London specula-
ton. Lead is unchanged. SDelter is
lower, with rate at $40. and aluminium
is higher at SO cents for ton lots.
Heavy orders in the past are reflected
by shipments of boots and shoes
amounting to 2S1,272 cases in three
weeks. 1865 per cent more than in 1897,
and 80 per cent more than in 1894, with
other years still smaller. New business
is checked by continuing rise in prices.
which have reached in some grades 20
per cent per pair. with one large con-
tract in grain creole at 221a per pair
advance.
Sales of wool pass all records, having
been at the three chiefs markets 61,-
694, 203 pounds in three weeks of No
vember, whereas October sales in five
weeks were but 1914. 9S9 pounds, and in
only one other full month have sales
ever reached 6O,O0O,OO pounds. The
trading is largely between dealers and
leaves no indication of consumption.
The demand for goods continues so
large as to encourage much buying by
mills, in spite of the. advancing prices.
Wheat wearied spectators with
scarcely any change in prices for the
week. Though western receipts are 80
per cent below last years for the week,
and have been in three weeks but 49,
565, 1913 bushels, against 2S,544. 1879 last
year. the decrease in exports is heavy.
From Atlantic ports the outgO for
three weeks, flour included, has been
only 1851 1S1 bushels, against II ,265. 153
last year. Pacific exports for the three
weeks have been 2,712457 bushels.
against 1876, 900 last year. The slender
foreign demand in Atlantic markets,
with prices as low as they have been,
tends strongly TO prevent rise in
prices, and the exports of corn also
have some influence, amounting for