The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-22
Trade ACTIVITY
ON THE INCREASE
Widespread Prosperity and Con-
fiGcnce is Reported.
DEMAND FOR LUXURIES
BUSINESS HAS NO FEAR OF
LIGHT MONEY MARKET.
DEMAND FOR LUXURIES

New York June 2f.-R. G. Dun &
20. S " eekly Review Of Trade will say
.omorrow. Increasing distribution of
Inerchaudise. particularly in the ter
ltoTy beyDpd the Ohio river. including
he far northwest. is q feature of gen-
raj business situation and tells Of
Widespread prosperity and confidence.
ne railroads are carrying more goods
nat may be Classed as luxurious than
yer before, and in spite Of Wall
treet's slightly higher money market
mere IL no fear on this score in any
me of legitimate trade.
Crop news continues good, there is
'ess trouble from disaE reements with
abor and the cotton market has .recov-
iec slightly. Less interruption through
aDor controversies at machine shops
makes the iron and steel industry more
fully employed than in recent weeks,
nd for another week there is assur-
t5nce of vigorous activity at mills and
furnaces In many instances promised
'ieliVeries cannot be made before July
and urgent business that is now Of
cred cannot be undertaken.
It is also noticed that much foreiga
business is available. but manufacture
PRS refuse 20 make bids ON the other
hand, 10 is stated that quiet condi-
ions viii soon be the rule and fires
will go out for the customary suu3rner
1verhaUling. This may be the Gaze at
tew plants, although the require
|neGts Of railroads and other known
needs are such as to render any gen
sFal suspension very important. Large
5aieS OF BessemeT pig reported last
IvEeek have since been denied and fOuu-
dry iron is now the favOrite, especially
'at southern points. No alteration is
received In prices, aside from a mod
pirate reduction IN gray forge.
No decrease is seen in shipments Of
boots and shoes from Boston. forward
9ngs continuing far in excess of other
years, but actual production of the
hhopS is slightly reduced and there is
less new business offered. Quotations
are shaded about 21z cents on a few
goods. particularly boots, as well as
pau deliveries are more quiet. The more
Fortunate manufa ctureTs have business
TO occupy shops to the end Of August
Leather reflects the decreased needs
.of shops, though heavy stock COM
mandS top figures owing to scarcity.
rihe wooden goods industry has a
more encouraging aspect than at any
thine for many months and a more
hopeful feeling is enterts med as to the
volume of new orders about to come
FORWARD.
A year ago the trade was beginning
10 realize the extent of the injUring
drought m spring wheat states and in
'a Few days about cents was added tI
conditions steadily improve, and in
some states The winter wheat is being
harvested No severe drop in quota
tions is anticipated. however. for the
crop is by no means beyond danger in
the northwest. and even d yield equal
TO the largest estimate may be required
.if the most gloomy foreign fears are
realized
Instead Of raising sufficient for her
own needs, Fence has come forward
es an enormous purchaser, and other
foreign nations are dependent on inn
ports u an unusual extent. IN three
weeks. exports from Atlantic ports
have been 1O 41C,31C bushels. against
g. S23.3SS bushels last year, and 6.5O4.26
bushels in 1899.
I'or the last week the movement from
the eastern scabOaTd does not show the
usual gain over last year, but Pacific
shipments were 95O100 bushels. against
b4G.435 in 1900.
Failures for the week numbered 197
iu the United states. against IL last
year. ana fourteen in Canada, against
fifteen last year