Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-28
UNPARALLELED
PROSPERITY.
Evidence Of it Furnished by Ex-
pendltures for Christmas,
IMMENSE PROFIT SHARING,
From Production Not nj iilgh Mark 50
Wholesale Dry Goods RnsineS
somewhat interrupted.

New York, Dec 27--R. G. Dun &
Co.'S Weekly Review OF Trade tomor-
row viii say:
"lf any evidence was seeded OF the
unparalleled prosperity with whlch
this nation has been blessed during the
past year the expenditure for Christ
mas gifts and decorations should be
ample, Distributions Of Christmas goods
among the employees OF large firms ana
corporations was on the same scale, Of
ten the increase over last year amount.
Ing to 100 per cent, while the profit
sharing at the end Of the year win
reach an unprecedented figure. Il IL
not noticed that southern trade shows
less satisfactory gains over last year
than at other sections, which Ia not
surprising, as the principal product Of
the South has averaged from IS to $40
a bale less than year ago, while the
quantity thus far marketed shows no
commensurate increase.
Following closely upon the inter-
ruption by floods and storms lasr
week transporting and manufacturing
facilities were further handicapped by
numerous accidents. The iron furnaces
and steel mills were tied up, and the
movement OF coke was hampered. This
resulted In such insufficient supplies Of
fuel that many stacks were banked at
a time when full activity was especial
ly desired
The situation as to coke is more
critical than at any previous time this
season. The output in the Connellsyllle
region has been at record breaking
pace FOR a month or more but stocks
accumulate at the ovens because mo-
i've power and cars cannot be Sc
cured.
Pig iron production IL no longer
at the high mark recorded when De-
cember opened and with fancy prices
Tor fuel II Is natural that Bessemer
sheets advance.
Business In wholesale dry goods has
been interrupted by holiday Influences
and stock taking among jobbers Cot
ton goods ruled quiet, apart from the
demand for converters, which was on
a liberal scale. Cotton mills are solu
ahead for several months, as a rule,
ana there is no urgency to make new
contracts especially In view of the UNI
certain raw material
In the wooden goods division over
coat goods find ready purchasers, while
prices on some lines just opened are
about 3 per cent higher than last sea
son. Wool Is strong and tending up-
ward with good demand not only
from mills and dealers, but on specula
tive account. Stocks are closing the
year in much better condition than az
the start, exceptional consumption hay-
ing made large inroads. Footwear,
shops are actively engaged and are
shipping much more heavily than Il
year ago. Leather and hides are stronA.
but comparatively quiet.
"a decidedly high price level has
been maintained In the leading staples.
with options trading Of good dlmen-
sions despite the double holiday at the
produce exchange. Wheat recovered
most Of the recent moderate decline,
supported by fairly steady demand.
Notwithstanding the high level OF quo
tations as compared with earlier years,
exports for the week from all ports
Of the United States, including flour,
amounted to S,54O,972 bushels, compar-
ed with 2,7650l4 bushels year ago, and
24l1 0lS bushels two years ago. Interior
receipts were light and -four mills
have been handicapped by the car
shortage, which made It difficult TO
bring In raw material ar take out the
finished product.
Corn continues about 60 per cent
over the price year ago, which read
lily explains Atlantic exports Of only
SlS,25S bushels, against 3Sl9255 bush
els last year.
Sugar became conpicuous through
the aggressive cutting Of Quotations by
competing reiners. Raw grades de
clined slightly on account Of big crop
estimates and other outside influences.
but the fall in standard and granu-
lated was dlspr0portionatelv heavy. and
at the bottom point, after deducting an
rebates, no profit could be figured.
Even at the lowest price buyers were
slow to take advantage, evidently an
ticinatlng more favorable terms.
Failures for the week number ESQ in
the United States against 237 last
year, and % In Canada against Is last
xrapp