Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-10-19
BUSINESS SIGNS
SATISFACTORY.
Nowhere Are UnfayorabIe Symp-
toms Evident.
MANUFACTURING Is ACTIVE,
Few Jobbers aud Retailers Find Any
Occasion for Complaint rudiea-
lions for n Record Year.

New York. Oct. 1S,--R, G. Dun & Co.'S
Weekly Review of Trade tomorrow VIII
say; "Unfnyorablc signs arc not EVIL
dent in the business outlook. Manu-
featuring industries enjoy exceptional
activity and most jobbers and retailers
find no occasion for complaint Mid
weather is the one influence that may
be charged with retarding retail mer-
chandise distribution. yet 1t is the gem
eral opinion that sales thus postponed
viii be made up later. The same In
lluence Is invaluable in facilitating the
handling OF crops, erecting buildings
and other outdoor work,
Although u nth OF the year Is still
10 be heard from, Including the usual
interruption OF elections and possible
disturbance OK legislation, there Is good
evidence taat the volume 0i legitimate
business will largely exceed all previous
records. Speculation Is comparatively
quiet, both ia securities and options on
leading products, which emphasizes the
activity in trade channels as shown by
bank exchanges for the week at New
York, 3S percent larger than last year
and s.i above 1899, while at other lead
Ing cities the gain were 1873 and 81 per
cent respectively Strength without in
hation still chareterl2es the iron and
steel situation.
Despite two months of interruption
by the strike. evidence accumulates
that the year win surpass all records
In production Of finished material, and
consequently In consumption OF pig
iron. Orders already booked for deliv-
cry far into 1902 promise that next year
viii 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 filed this year,
and future developments can only affect
conditions in 1902 as 10 finished steel,
Heavy orders are recorded for rails.
with free movement Of structural
material. while wire and wire nails go
abroad In large quantities. Pig iron Is
hardening under the vigorous demand,
forge and southern foundry securing
definite advances and bessemer In
Plttsburg Is firm at SIG.
"'rin 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 con-
templated by leading producers TO re.
duce stocks.
Footwear factories still have many
weeks full employment on heavy
weight goods for winter. Supplementary
orders for seasonahle lines still arrive
from Eastern jobbers. Prices are not
quotabe higher, though the rapid rise
OF leather and hides has taken so
much OF the profit that shoes must soon
deterlorate in quality II better quota
tons are not forthcoming Leather has
begun TO exhibit symptoms OF specula-
ton, but buying by the leading manu-
facturers for actual consumption also
reaches large total.
"Woolen goods are more quiet, yet
shipments of over 100000 pounds OF
wood weekly from Boston Indicate no
decrease In activity at the mills.
Fluctuations In cereals were small.
with markets dull and featureless
Wheat lost little OF the early gain, al
though declining prices year age
made tn q difference smaller than II
has been at any time this crop year
satisfactory. hut tho outgo of wheat is
heavy. For the week. United States
exports. -four included. amounted to
4 S9l 500 bushels, compared with 1886.
T6i bushels last year and A255 766 bush
els two years ago. Western receipts OF
s02 GA bushels. against Ti26,65l bush
els last week and 7l26.il9 year ago
Indicate that the new crop Is being
marketed less freel. dealers holding
back In expectation NJ better prices
despite the estimate Of foreign author
files that tho worlds yield viii exceed
q 7ea Oeo Ao0 bushels and on unofficial
predictions NJ a domestic crop OF more
than 100000 bushels.
"Fallure7 for the week numbered %!
In the United States. against 20i las,
woe" and 81 IN Canada, against 20 last
year.
canadian failures for the week num-
Der %. as against 81 last week. 22 IN
this week a year ago, 20 In 1899 and 2'
| In 1885,"