Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-18
BUSINESS BEATS
FORMER RECORDS.
Volume in All Branches Ahead Of
Previous Transactions.
EVERY INDUSTRY BOOMING.
ray mcnis Through, Clearing Houses
tor Past week are 5s.t Per Cent
Greater Than isOs.

New York. March i5.--R. q. Dunn a
CO.'S weekly Review Of Trade viii say
tomorrow; "in business this year can
not be compared with any other. II
can be- said that payments through the
principal clearing houses for the past
week have been ia per cent greater
than In 1899. and $50 per cent greater
than In 1895. but that cxagKcratcs the
Rnin In some branches OF business.
while In others II falls FAR short Of the
gain. Thus the February exports
Of manufactured products have about
doubled since 1893. emitting New York
clcarlnEs. where speculation In stocks
u most active. payments through the
other principal clearing houses for the
same week show an Increase ~ $40 per
cent over 1852. and ssl per cent over
last year.
nut without regard To such details.
all realize that the volume % business
In all branches n tho greatest ever
known. The national prosperity rests
on more solid foundations. IN. exports
~ hrendHtuffs. provisions, cotton and
oil IN February showed decrease ~
$1,000, 600. but other exports. mainly
manufactured, were $50 900 sii In value
against Sal,2,i.aeG last year, and were
the entire Imports. The merchandise
exports exceeded Imports for the month
SllGatli5, the sold supply Increasing,
ana there appears no occasion for
monetary disturbance,
"rhr treasury recorded It's flint pay
ment 81 the fiso00.0oo for the Central
Pacific railroad. having previously re-
cclvrd fsp0o0.00O Tor the linton Pacific
and over sG,0oooo0 for the Kansas Pa
CHE.
swiftly rising quotations for iron
and ita products would mialcad N II
We're not kept In mind that more man
nine-tcnths Of the iron manufacturing
capacity II engaged, ana VIII be until
July or later, In the execution of orders
taken months ngo ut low prices. II u
million tons OF products 40 out this
month. 900 900 tons at such prices NJ SIS
10 $50 for steel rails. az which the entire
output 81 the Illinois Steel company Tor
this year was sold some time ago, Il
hardly indicates the true character Of
the iron business that less than 100000
tons IRE going out at such prices NJ
$50 Ia SIS per ton Tor steel rails made
hero for small lots this week
"lielated buyers now have 10 pay
fancy prices to got orders accepted az
all. Withdrawals or p0Hip0ncmcnt OF
business because ~ high prices begins
To- be a significant feature, ana much
foreign business IL evidently lost.
though there aro Htlll sales for exports,
$500 tons ~ pipe for south America
ana 5000 tons Of bridge material FOR
Hurmnh.
erie Connoilsvlllc coke works. with
nm nutuut Of iGl $40 tons weekly, and
many other plants which are operating
Sundnvs 10 catch M with orders, have
advanced prices only ]. cents.
'sNVool sales az the three chief mar
k.ts have been only f.aos, COO pounds. OF
which 2,Gi 900 were domestic. against
TOS rod In the same week Of 1899. OF
which an07 200 pounds were domestic.
hut prices are soft and some dealers
are snid a. have yielded M much rs 2
body can guess what eject the new
combinations may have. Prices are
largely nominal, and yet there IL a
somewhat better demand for goods
Nor has the strong demand for cotton
goods been helped by the weaker mar
cents In snlto ~ volume OF reports
nbout the bad condition OF the late
rirLed products The price nf goods
ms been strongly advanced ana II held
Well. but yet depends on the price ~
cotton.
mai whioh has least statistical reason
10 lose. because no estimate Of wheat
In farmers hands March lst would pro-
VA. morr than about the last years
eNnorts and domestic demand to July
iet The actual exports, Hour Included.
rom both coasts during the past two
weeks, have been l,51Gis5 bushels.
ngainst T,367.ss7 bushels last year. hut
surh oxporta lmply foreign demand
which ~ not unlikely 10 exceed last
wears, and the corn exports asc also a
iittle larger than last year. The West
"rn receipts for the week hive been D.
ais 900 bushels, against 2'sS',cdG bushels
Let yaup.