The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-11-02
NATIONS TRADE
Is EXPANDING
Business Retarded by Shortage
of Cars.
GOODS CANNOT BE MOVED
ORDERS FROM MILLS HOLD
WOOL PRICES FIRM.

New York. Nov. 1.-R. G. Dun & Co. 5
weekly review Of trade tomorrow viii
say: Although the latest railway re-
turns indicate that Transporting facil-
tiles have greatly improved, the ma
tons business has expanded more
rapidly Car shortage has, in fact,
become the chief retarding influence.
From all sections of the country and
many lines of industry complaints are
heard regarding the inability to move
goods. Probably this has been most
aggravating in the case of coal, I'M
seasonably high temperature alone
preventing serious inconvenience. Not
only are domestic requirements enor-
nous, but coal is becoming an import
ant article of export. partly owing to
labor controversies in France and
Great Britain, and also to the British
export tax.
Mild weather affects retail distribu-
ton to very marked degree, orders
for heavyweight goods being Cancelled
in some cases where manufacturers
were behind with deliveries. That the
volume of legitimate business is not
being curtailed, is evidenced by the
increase of bank exchanges in New
York of PA per cent over last year.
and 7.22 per cent over the same period
in 1899. In ten other leading cities the
increase is also strikingly large.
Not only are steel mills many months
behind orders and prompt deliveries
commanding premiums, but even
where goods are ready for customers,
it is often impossible TO ship, because
of inadequate railway facilities. Struc-
tural material is urgently sought and
mild weather proIOngs the season for
| buying pipe. Steel rail orders increase
and the fancy prices asked for billets
have brought imports from Germany,
where industrial depression makes it
possible to sell at very low figures. Do
nestle quotations do not alter, al
though list figures are not considered
on deliveries before the years end.
Copper is artificially sustained by clos
ing mines.
Footwear manufacturers have made
a general advance in prices, restoring
the figures Of early spring 1t is obvious
that the average rise of Zi2C does not
cover the enhanced cost of material.
yet new orders have been extremely
! light since the change, as jobbers are
resisting the natural tendency. Textile
markets are well sustained. Wooden
mills have ample orders and take large
quantities of raw material, holding
wool prices firm
Grregularity prevailed in the mar
heJS lOt staples opeCuldlOiS SeCuIeu
distinct decline from the unusually
( high position recently attained by pork
| products, while at the same time corn
made a further advance.
Wheat came to market freely. ar
rivals at western cities amounting to
/ 1850, $50 bushels. Atlantic exports were
| less satisfactory than last week, but
4 including all United States ports the
weeks shipments we're 5,01S, 100 bush
els. against 3,5S5.S21 last year and
{ 3, sos, 1913 in 1899.
Failures in the United States num-
| Der liz as against 223 last week, 165
/ in this week a year ago, ia in 1899,
and 1873 in 1899. Canadian failures for
1 the week number seventeen against
/ sixteen last week and in this week a
I year ago, and twenty seven in 1899,
/ thirty-one in 1898, and thirty-four in
l 1907