Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-04-20
Crop Reports and Bank CIearings
All Indicate II.
HEAVY RAILROAD EARNINGS
No Setback Save some uneesincss on
Account OF Labor Troubles supply
and Demand Conditions Normal.

New York. April l9.--R G. Dun *
Cos. Weekly Review OF Trade tomor-
row Will say; Favorable crop reports,
heavy bank olearings. record breaking
railroad earnings large distribution
OF spring and summer goods and easy
collections give the business situation
an encouraging aspect Wall street
speculation does not yet discount any
approaching reaction in commercial
lines and the money market seems to
have turned the corner, at LEAST
Tor the present. Cotton and wooden
goods retain their gain OF last week,
though partly on account Of the Idle
ness of many mills The wool market
is steady, Notwithstanding the absence
of demand from large producers of
goods
Aside from the uneasness caused by
labor controversies no setback has APP
peared IN the leading industry. Con-
ditions OF supply and demand are sim
liar TO those existing for the past few
months, In some lines purchasers are
increasingly importunate, while In
Others there Is slightly less urgency
FOR prompt shipment, but in all
branches OF iron and steel manufac-
lure, requirements are much In excess
of available stocks. Recent evidence
Of large grain crops has brought agri-
cultural implement makers into the
market for bars and many have con-
tracted for their entire years supply
Another feature was the greater actlv-
ity In structural material for bridges
and buildings, while the large tonnage
OF steel rails already placed did not
prevent further orders. The recent adj
vance in plate failed TO diminish bust
ness. Faith In the future is evidenced
by more plans for the erection of new
mills with enormous capacity.
Shipments Of boots and shoes from
the east declined to S6547 cases.
against 94453 cases two weeks ago, but
there still appears good margin
above the movement year ago. Con-
tracts arc unevenly distributed many
shops having orders for some time
while others are seeking business. The
general situation Is more satisfactory
than a year ago however, for then
not third Of the capacity was being
operated Prices on shoes are main
tanned, but the reduction In boots has
become general Local manufacturers
are receiving better orders and some
idle shops have resumed. The leather
market has met with further reverses
especially In the lightweight division
A better quality of hides is offered at
Chicago, and quotations tend upward
although tanners are not buying freely
The outlook for this years crop of
cotton has been ascertained by a care
full canvass of the southern states
Planting averages about two weeks lat
err than usual, owing to heavy rains
While there Is reason 60 anticipate a
large acreage, cancellation Of many Or
ders for fertilizers shows that the sharp
decline In cotton prices had the bene-
fetal result Of restricting operations TO
some extent Planters have, encoun-
tered some difficulty in securing sufl-
cient labor, owing to the great demand
in other Industries. and II is expected
that the cost of planting and picking
the current crop viii be greater than
usual. on this account. Georgia mills
are running full time, while in other
southern states there is much reduc-
ton.
Failures for the week numbered 206
in the United States, against 1874 last
year, and n In Canada, against II
last year.