Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-04-06
Trade Maintains the Even Tenor Of
Its Way
BUILDING BUSINESS GOOD.
No LesseniDg Demand for Iron ana
Commercial Failures for
the Month OF March


Weekly Review of Trade tomorrow VIII
say. while the general business world
has looked with amazement at the per-
Torrance Of the stock market, trade has
maintained It's even course and thereare
many more points Of gain than Of loss
with even a slightly steadier tone IN the
dry goods market. Though some sellers
have withdrawn offers at recent 10"
prices, though buying is small as yet
collections are unusually prompt ana IN
the building trades contracts have been
entered into sufficiently to furnish de-
cded impetus in allied lines during the
spring season,
mo sign Of a lessenng demand Is
noted IL any branch Of the IRON ana
steel industry. Mills are accepting con
tracts for the closing months OF we
year, and there are indications that we
year 1901 viii surpass all others IN the
quantity Of pig iron consumed pymahu-
facturers. Though capacity mas peell
wonderfully enlarged during the past
Eve months, there are SIN many eA-
tensions and new plants contemplated
It Is also probable that the customary
summer repairs Of furnaces ana mus
win be accomplished WITHIN a snortel
period than usual as contracts can lol
heavy deliveries right through the sea-
son. Permanence Of prosperity IN TINS
industry Is becoming more certain as
there is little evidence Of inflated prices
Regular quotations have not alteitu'
except for bars and foundry pig IRON,
although all sorts Of premiums are pald
where prompt shipments are requlitu'
Although fewer ovens are active IN the
Connellsville region than year ago
the output is much larger and about
80 OO00 900 tons were made during the
quarter.
shipments Of boots and shoes from
Boston are steadily increasing the last
weeks movement being 9l4jS eases as
against 90 ,975 in the previous week ana
Sg,03l a year ago. Quotations are STEADY,
but II Is expected the recent declines ID
leather and hides will make II possible
for the small shoe manufacturers TO cut
prices when they are compelled 70 seek
new business An unexpected demand
has appeared for russell shoes, equallng
last years business, despite the facl
that the lines were considered less pop
ular
"The circular of Coates Bros, on April
lst made the average Of 100 grades OF
wool 1893 cents, a decline Of nearly a
cent since March LIST, and 5i9 cents COM
pared with April, 1900. During the past
two weeks, however, the market mas
steadiedj and there Is much more trad
ing Moderate buying Is done by wors-
ted mills
after declining within a sixteenth OF
4 cents II was not surprising 70 see cot
ton recover half o cent, The oversold
condition Of the speculative market was
chiefly responsible, and southern dis
patches gave support by statements OF
unfavorable planting conditions. sup
plies were against any pronounced rise
in price, however and conditions con-
tinue extremely depressing.
aggressive manipulation Of corn
forced urices to an unreasonable point,
from which the fall was severe, and
wheat also weakened, although exports
from the Atlantic coast continued llb-
eral. Pork products did not show the
usual sympathy with corn when II re-
acted, for Chicago operators absorbed
offerings readily
Commercial failures in the first
quarter Of 1901 we're 1886 in number.
and s3t. 1884 IN amount Of defaulted
liabilities. of which 40 were in manu-
featuring, for Sl25O4,222, and 2,4GS in
trading. for Sl4.552 .906 with 1877 others,
not probably included in either class,
but that owed A646.35S. Banking de-
faults numbered q, with liabilities OF
SS.lil. $3.50. While exceeding the same
three months Of last year in number,
failures were much smaller In amount;
commercial and financial insolvencles
together showing a decrease Of S2l,532.-
$50. only two years OF the last twenty
made n better showing either in aggre-
gate or average Indebtedness TO each
failure, while the proportion of S25 u
to each firm In business and N.O9 to
each 81 600 If solvent payments through
clearing houses are records that were
surpassed but once in two decades. For
the month OF March total liabilities
were much smaller than In the cores
bonding month OF any year since
monthly statements were first pub
Ished. These figures indicate most un-
deniably that the new century has
opened with business on no uncertain
foundation