Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-08-31
Clouds that Overcast II Early in
August Have Gone.
THERE Is IMPROVEMENT.
Cotton Goods Have Finally Responded
Lower Quotations for Wheat
Wooden Mills Crowded.

New YORK, Aug. SO-R. q. Dunn d
Co.'S Weekly Review of Trade tomor-
row will say: Even in cotton goods,
which have been the slowest to respond
to the vigorous tone OF domestic trade,
the past week has brought distinct inn
proyement. Pressure at Fan River be
became strong, while in the bleached
goods division the gains were still more
pronounced. In some cases the only
drawback is the lack Of available sup
plies for imemdlate delivery. Such ev-
licences OF better things in the market
for goods, naturally gave firmer tone
TO the raw material. which was further
supported by the unsatisfactory wealth,
er In Texas. Against losses by drought
by the largest State, there is compensa-
ton in the greatly Increased acreage
throughout the entire cotton belt, bun
an advance Of 50 a bale since the adj
vance began does not appetr unreason-
able.
Somewhat lower quo ations for
wheat are not surprising, in view Of
the general tendency to Increase esu-
mates Of the crop far beyond the guam
tity indicated by official figures of con-
ditions. Another weakening influence
is the slight decline Of exports below
the record-breaking movement In the
first two weeks of August Shipments
for the week. however, were still phen-
omenal, aggregatlng 6,3O7,3O bushels,
compared with 2,s04.667 bushels last
year and S,l79,9l7 bushels in 1899. More
over, this gain occurred despite the in
terruption TO shipments from the Pa
cific coast by the strike of grain-han"
dlers. These figures of exports omit
the movement from Canadian ports,
usually Included IN other records and
causing confusion as to the actual state
of domestic trade. With yield OF &c.
100000 bushels in Manitoba, the ship
ments from the Dominion are falling
little short Of 100000 bushels weekly
August opened with the commercial
sky overcast by storm clouds that
threatened serious injury to the steel
industry while drought in the south
west aroused pessmistic predictions
that business was on the verge OF q
severe setback. Thousands of idle
strikers, together with q profitless sea-
son In agricultural regions, meant in
activity in manufacturing, trade ana
cts Of evil. Instead OF these calami-
tous conditions, however, the month
ends with horizon that is almost
clear, and every resumption of idle
mills adds TO the productive capacity,
while cancelled orders for merchandise
from dealers in the drought section are
rapidly reinstated
"Jobbers and manufacturers report
that orders for fall goods have exceed
ed every previous year, with noticeable
increase In the demand for the better
| grades, and there Is definite meas
ure OF active trade IN bank exchange
at this city, "a per cent laryer than in
the same week last year, and POS per
! cent above 1899, while at other leading
| cities the increase is 1862 and 20 per
| cent respectively. Although scarcity
| OF freight cars holds back large ton
| mage, railway earnings thus far report
| ed for August show a gain Of l2l per
cent over last year and 2S.6 per cent
| over 1899.
| Quotations Of steel products are still
nominal, owing to the difficulty expert
| enced In securing prompt delivery. It
Is estimated that not more than 20 per
| cent OF the steel comnanies' capacity
has been stopped by the strike, and this
proportion daily decreases.
| Consumers Of tin Mate have secured
| supplies abroad, so that their work Is
not badly handicapped, and while II n
to be deplored that American canital.
and wage earners will lose the profits OF
this business, IL is fortunate that other
Industries are not disturbed.
Hides are sharing the Improvement.
| with higher prices and actlvi''' at the
West. Wooden mills are crowded with
orders even the smaller concerns PAL
tlclpatlng, and the wool market is
steady.
Failures for the week numbered 2Os
In the United States, against l75 last
year, and p In Canada, against 10 last
year"