Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-10-13
Speculation Being Small, Effect
is Minimized,
REDUCED PIG IRON OUTPUT.
disappointment Among cotton Trad
ers-Active Week la Boots
aud shoes.

New York. oct. l2.-R. @. Dun & co. s
weekly Review Of Trade tomorrow will
say. more ssasonable WEI her had
important influence throughout the
country, but the coal strike continued
as a restraining factor In business. As
speculation everywhere is on a small
scale the effect Is minimized. Lower
prices recently for some iron products
have been without disturbing force,
and the drm market for print cloths
and strong quotations for lumber show
that IN some directions In the great in
dustries a small increase In demand is
capable Of raising prices. The sItua-
ton still promises a recovery when
politics and the strike are settled
Distribution Of merchandise az the
West Is sull very active The working
force is Increasing steadily, and In rail-
road and manufacturing circles In the
Middle West scarcity Of labor Is caus-
ing uneaslness. Fear Of tight money
has made some men hesitate. but
higher rates result from the activity
Of the movement OF cotton at high
prices In the South At the moment the
movement Of gold from Europe has
tended TO relieve the tension In New
York and gold Is stu coming from
Australia.
Pig iron production has been fur
Their reduced according 20 the Iron
Age. On October lst the weekly capa-
city Of furnaces IN blast was 223,l60
tons. as against 23l71S September LIST,
and 29g376 June lst Stocks at furnaces
continue 10 accumulate, gaining 35SN
tons In September A gratifying fea-
ture Is the evidence that supplies In
consumers hands are low. Quotations
OF iron products are steady, and for
cign buying continues. two contracts
OF importance being placed, Pipe
makers are buying quantities OF pig,
while car and shipbullders are also
urgent bidders for material
Much disappointment was apparent
among cotton traders when the official
crop report appeared for the antlcipa-
ton Of a gloomy report had put the
price up 10 lie When the statement
indicated q point improvement In Tex
as in September, prices dropped sharp
ly
Wheat also declined without the aid
Of a government report Domestic
conditions are generally satisfactory
and foreign crop news cheerful. At
lantic exports I'm two weeks amounted
20 ass, G1S bushels. against 6l6l49
bushels last year.
Shipments OF boots and shoes from
Boston. at the rate Of SS.il5 cases
weekly. mean the most active business
since April. and exceed the heavy for
wardings Of last year. Improvement
Is general, with orders from all parts
Of the country, and frequent requests
for immediate shipments Leather Is
sharing the increased activity at the
shops and the average price Of hides
NJ Chicago advanced Y per cent
"sales Of wool az the three chief east
ern markets steali increased, reach
ing 5s470 600 pounds, against 34lI265
pounds the preceding week. There ia
no such speculation as a year ago but
the sales go Immediately into the mills
Prices are not affected by lower figures
at the London sales, which had been
discounted.
Failures for the week were 223 In
the United states. against 1874 last
year. and 80 in Canada, against q last
year"