The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-10-19

OUTLOOK GOOD
FOR BUSINESS
Manufacturing Industries Enjoy
Exceptional Activity.
LOOK FOR BREAK IN RECORD
HEAVY SHIPMENTS OF WOOL
REPORTED AT BOSTON.
LOOK FOR BREAK IN RECORD

New York. Oct 1S.-R. G. Dun &
Co.'S weekly review of trade tomor-
row win say: Unfavorable signs are
not evident in the business outlook.
Manufacturing industries enjoy eX-
ceptional activity, and most Jobbers
and retailers find no occasion Tor com
plant. Mild weather is the one IN
fiuence that may be charged with re-
tarding retail merchandise distrlbu-
ton, yet it is the general opinion mat
sales thus postponed viii be made up
later. The same influence is inValu-
able in facilitating the handling OF
crops. erecting buildings and other
outdoor work.
Although a fifth of the year is still
to be heard from, including the usual
interruption of elections and possible
disturbance of legislation, there is
good evidence that the volume of legitl-
mate business will largely exceed all
previous records. Speculation is COM
paratiVely quiet, both in securities
and options on leading products, which
emphasizes the activity in trade chan
nels as shown by bank exchanges for
the week at New York, 80 per cent
larger than last year and "a above
1899, while at other leading cities the
gains were 1913 and 81 per cent, re-
spectiVely.
Strength without imitation still char
acterizes the iron sand steel situation.
Despite two months OF interruption by
the strike, evidence dcCulnuialeS lndL
the year will surpass all records in
production of finished material, and
consequently in consumption of pig
iron. Orders already booked for de-
livery far into 1902 promise that next
year will bring still higher records
and the steadiness of prices makes the
outlook especially favorable Mills as
"a rule have practically closed contracts
for all the orders that can be filled this
year. and future developments can
nn1W 9ffoRf conditions in 1902 to
finished steel. Heavy orders are re-
corded for rails, and with a free move
ment of structural material, while wire
and wire nails go abroad in large
quantity. Pig iron is hardening un-
der the vigorous demand, forge and
southern foundry securing definite adj
vances and Bessemer in Pittsburg is
firm at SIS
Tin plates are almost restored to
normal prices Since domestic mills
have resumed and imports ceased the
London market has declined sharply.
Copper rose in the face of reports that
a large reduction in list prices was
contemplated by leading producers to
reduce stocks.
Footwear factories still have many
weeks full employment on heavy
weight goods for winter. Supplement-
airy orders for seaSonable lines still
arrive from eastern jobbers. Prices are
not quotably higher, though the rapid
rise of leather and hides has taken
so much OF the profit that shoes must
soon deteriOrate in quality if better
quotations are not forthcoming. Leath-
er has begun to exhibit symptoms of
speculation, but buying by the leading
manufacturers for actual consumption
also reaches a large total.
Wooden goods are more quiet, yet
shipments of over 5000, 900 pounds of
wool weekly from Boston indicate no
decrease in activity at the mills
Fluctuations in cereals were small
with markets dull and featureless.
Wheat lost a little of the early gain,
although declining prices a year ago
makes the difference smaller than it
has been at any time this crop year
Foreign liquidation of flour is still
satisfactory, but the OutgO of wheat
is heavy For the week United States
exports, flour. included, amounted. to
4,39l SOB bushels, compared with g.
e46, l61 bushels last year and 4,255, 100
bushels two years ago.
western receipts of 5903. GA bushels
against 4,426,651 bushels last week and
f,lzb,4l9 year ago, indicate that the
new crop is being marketed less freely
dealers holding back in expectation of
better prices, despite the estimate for
foreign authorities that the world =
Yield VIII exceed 200 600. 900 bushels
and on unofficial predictions of a do
nestle crop Of more than $50 OOO. 600
bushels 'V'O'0VV
Failures for the week numbered 900
IN the United States, against 2O4 last
year, and 81 in Canada, against 26 last
year. last