The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-08-11
General Improvement Is Shown
In Various Lines.
MOVEMENT is SLOW
WAR LOAN HAS NO SERIOUS Eff
Feet ON MONEY MARKET.

New York, Aug 10.-R. G. Dun &
Co.'S weekly review of trade tomorrow
viii say:
Progress has been made toward q
more stable position of business with q
few more heavy contracts, to hold the
ground already gained; but for prop
er interpretation of the weeks results
one must look beyond Wall street OPP
erations, where. more than in any other
quarter, the vacation season is Ieav-
ing its impress of inactivity. Specuia-
ton is cautious, but investment hold
ings are being. increased rather than
diminished. and operators cannot see
that their hesitation on the ground of
politics is echoed any more in general
business circles than two months ago.
Small change appears in railroad
stocks. Industrials are higher. and
traction issues shade lower. Working
forces are smaller and VIII soon be
further reduced, probably for three
weeks, by the closing down of cotton
mills in New 'England which has been
delayed longer than expected; but our
strength is evidenced to the world by
the over-subscription of the new British
loan of el0, 600 on about a 3St per
cent basis, of which over half is al
loted to the American applicants.
London Sells Stocks.
London sales of 10000 shares Of stocks
ana some bonds and American pur'
chases of the new foreign loan explain
why gold goes out in the face of for
eign commerce returns, which show
for New York alone for the week an
excess of exports over imports of more
than $5,000.000. Exports for the week
of 81, I65, 7l9 were more than double
those of the same period of 1899, and
for the year is over $S5.0OO. Coo while
imports gain only SIC, 000, coo. The mon
ey market is untrOubled by the
financing of the foreign loan. though
the volume of new commercial loans is
well sustained.
Cotton fell so sharply that some re
coVery is assured in an oversold specu-
lative market, and spot sold at Zoe
when the official report appeared, not
W1thstanding many indications Of fur
Their reduction in consumption.
Grain on an Upturn.
Wheat advanced about a cent. helped
by foreign crop reports The domestic
outlook is fairly cheerful. and farmers
ia MAJ hClCU freely IEECelDlS ~ III
terror centerS aggregate 6 ,2S7. 81 bush
els, against 3.91S, 216 last year and 3
446.411 bushels in 1898. Exports from
Atlantic ports were only ], 729. 1863 bush
els, wheat flour included, against p
5O3,344 bushels last year, although pur-
chases on foreign account were large
and promise an increased movement
hereafter.
Corn gains nearly 2 cents with the
aid of dry weather reports, and is Sc
above the price at this time last year.
Both receipts and exports for the week
fell more than million bushels below
the same week in 1899.
Improvement is slow in boots and
shoes, with only a small percentage of
Eastern shoe factories at work The
textile markets have been free from
such features as marked recent divi-
sions Of prices, but price is of fair
volume. Loss of the Chinese market
has put coarse brown cottons in a bad
position, other grades being less Sc
riously affected. In wooden goods, re-
orders are not up to expectations. and
some sergeS sell lower. Manufacturers
show more interest in the wool market.
taking fair quantities and seeking few
er concessions. The tone is firmer.
though prices are unchanged
Failures for the week were III in
the United States, against 1856 last year,
and % in Canada, against % last year.