The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-29
COUNTRY ENJOYING
TRADE PROSPERITY
Prospects of an Abundant Har-
vest Stimulate Confidence.
WOODEN GOODS MARKET
ACTIVITY PREDICTED, PARTIC
ULARLY IN RAW MATERIAL.

New York, June 2S.-R. G. Dun &
Co s Weekly Review of Trade tomor-
row viii say: 1t does not follow be-
cause bad banking methods have
caused one Of the smaller New York
banks to close its doors. with attendant
circumstances that created discussion
in Wall street, that general business 5
in any way affected by. or at all re-
sPonsible for the trouble. The country
is undeniably prosperous, and with
prospects of an abundant harvest to
supply our own needs and increasing
European deficiencies, the situation is
viewed with confidence. "a few more.
labor disturbances have arisen. but
others have been settled, notably the
dispute over the tin plate scale. Some
dlsagreements in the coal regions at
times assume a threa teningt aspect. but
the troubles have been local and do
not affect the mining industry. Re
ports from the country speak of a con-
tinUed good movement of merchandise
with the jObbing trade and embracing
nearly all lines.
The fiscal year closes with conditions
in the iron and coal Industry in marked
contrast to the situation at the CORE
spending date in 1900. Quotations We're
then receding rapidly without stimu-
lating activity, idleness was the rule a
furnaces and mills and wage scales
We're under serious discussion with EN-
ployers and labor organizations far
apart in their views.
This year difficulty is experienced in
stopping machinery long enough to
make necessary repairs. Prices are
well maintained and steady with un
reasOnabI imitation while a successful
season makes it possible for many con-
cesSiOnS to avoid controversy by Vokun-
tarily reducing the hours or advance in
wages and evidences CT serious dis
agreement are the exception. COnstr1c-
ton proceeds at an unprecedented pace
SO that structural material, builders
hardware and kindred goods find ready
purchasers. Railway facilities are in
adequate to handle expanding traffic
and shops are crowded with orders for
freight cars and other equipments.
Footwear fOrwardings from Boston
ShaVe averaged over 100, 600 cases week
~ for two months raising the total for
the haif-year to 2,35S.521 cases, accord
ing TO weekly records of the Shoe and
Leather Reporter The largest previous
total for the corresponding months was
in 1900 and fell 154,151 cases short of the
current year. Exports to Great Britain
are also a satisfactory factor in the
present movement Some eastern shops
are so we'll supplied with contracts that
deliveries cannot be promised before
Sept. I. Local manufacturers are runs
ming on short time or closed for stock
taking. Stocks in dealers hands are
light. which gives the market a strong
tone. Leather is active and firm, with
! hemlock sole in good demand. Upper
1 leather is selling freely. Receipts 81
! imported dry hides are light and prices
win be sustained
Wheat prospects sare further inn
proved throughout the entire producing
( region More satisfactory to the pro-
Queer than evidences of a banner yield
is the failure Of quotations TO SHOW
( commensurate decline, for there is
good profit at the present prices. In
+ four weeks Atlantic exports, -four IN
/ Guided. aggregated "a, o69 600 bushels,
/ against 10. 9S0.076 bushels last year, and
/ s. 1874. 63S bushels in 1899. while Pacific
/ exports were 3.5O5, 400 bushels, COM
/ pared with 2S53, 97S in 1890 and 2 445s5Ao
I two years agO.
] Gains are more conspicuous m the
! wooden goods division because deRres-
sion had lasted long and been severe.
! As the raw material gradually sought
a lower level. mills restricted purchases
4 in anticipation of better terms except
! where orders for goods were secured
! The clothing trade is now seeking
mems wear wOOlenS and worsteds and
! buyers find stocks light. Values have
not yet hardened, but there is little
/ thought of lower prices, either for
! goods or raw. wool In knit goods
+ iObbers- are taking stock after which
activity is expected.
: Failures for the week number 2O4 IN
/ the United States, against 200 last year,
: and twenty-three in Canada, against
( tWenty-One last year