The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-31
IN WORLD OF TRADE
Progress Toward Better Things
Is Unmistakable.
BUSINESS NOW as COMPARED
WITH LAST YEAR.
Decline In Wool-Goods Market
Quiet-Failures For the Past
Week-Smal1er Volume Of Bank
ing Business-on the Stock Ex-
change-clearings of the Banks.

New York, March 30.-R. G. Dun &
Co.'s weekly Review Of Trade tomor-
row viii say: Progress toward better
things has been unmistakable. It was
a year ago that the frenzied specula-
ton in Industrial stocks reached its
elimination, with prices averaging
higher than at any time since, while
railroad stocks, after some decline, rose
$LS per share higher in September,
and after the fall of both, which ended
IN December, have now risen SS.35 per
share to the highest point Of the year.
The advance during the past week has
been remarkably vigorous and with
more public support than before
Wheat exports fall far below last
years, amounting in the week TO 1856
891 bushels, against 14,105, Ss6 bushels
last year. The price has advanced pa
cents, with statements that the crop
OF France is greatly reduced, though
1t IS rather early 10 make any such
estimate. The exports of corn again
prove the magnitude of foreign demand
for cereals as the extraordinary move
ment Of last year is closely approached,
n,794,885 bushels having gone abroad in
four weeks, against 10, 102.811 bushels
last year. The western receipts are
nearly three times as large as in the
same week last year, Indicating an
abundant supply on hand, but the price
has risen ~ cents.
Wool has declined fully 1 cent on
the average Of revised quotations. and
more for fleece and fine or fine medium
territory. which sells at s. cents clean,
with medium closing at so cents. The
goods market is quiet and orders
are limited, and outside the favorites
prices are irregular wi h per cent de-
cline in some medium woOlens and fine
worsted.
Iron is growing weaker, except in
Bessemer pig, which is held at $3.50
at PittsbuTg, in spite OF small sales
Of eastern at lower figures Anthracite
No. has sold little above S23, and basic
at $3.50, with eastern forge offered at
S2o.50 at Pittsburg. In finished pro-
ducts no further change appears ex-
cept in refined bars, which sell in large
orders close to 2 cents in Philadelphia.
and in plates which are selling at 2
cents or less at both markets. Better
prices are expected from the consolida-
ton in spots. But il will not be easy
nor in the end profitable to hold prices
after supplies so far exceed demand
that material can be bought at lower
cost.
The advance of 1 cent in hemlock
sole leather has led TO some heavy
transactions, though, IN fact, but a re-
atoration Of prices paid in January. 1t
restricts orders for boots and shoes,
which are small, although shipments
continue about z per cent larger than
last year for March, exceeding those
Of other years still more. Hides at
Chicago continue to decline. though
slowly.
Transactions through clearing houses
show much smaller volume Of business
than year ago, the daily average for
March being 14.3 per cent smaller than
last year, but S4.4 per cent larger than
in 1898.
Failures for the week have been 20S
in the United States, against 1874 last
year, and 35 in Canada, against 20 last
wear.