Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-03-29

ACTIVITY WAS GENERAL.
,,,, nlstnrDing Factor Demand by
mast Furnace Wen for an Eight
Hour Day

Nov York, March 2S,-R. g. Dun's
weekly Review OF Trade tomorrow viii
say; nu
Favorable weather greatly facilitated
rostr retail trade, the volume OF
,rorsaotlons In all lines OF wearing ap-
norel being Of exceptional MAGNITUDE
,ouvlty was by no means restricted to
the speclaltles, however, the general
a,s,rlmtlon OF merchandise exceeding
mat OF previous seasons with prices
ysn maintained. A distinct evidence
NJ the ylgor OF legitimate trade Is
found in the decline Of only PA per
cAnt in bank exchanges at New York.
notwithstanding the fact that transar-
iops at the stock exchange were not
more than third Of those in the cor
demanding week last year, while at the
othsr leading cities clearlngs exhibit
ed a gain OF 9S per cent over last year
and 8t.5 per cent over 1879.
Demands for an elght-hour day after
Nav / By the blast furnace men was
me most disturbing feature In the iron
And steel industry and this IS not caus,
lng much alarm, as an agreement VIII
nrobably be reached during the inter-
venIug month Production Is now be-
vond ali previous records, and the
noyement OF coke Is ample, although
Inc early opening Of lake navigation
NAV withdraw some Of the transporting
facilities which cannot well be spared.
Buying has been notably active In bars
for implement makers, and producers
have sold their entire outputs so far
ahead that new business Is not sought.
MANY plans for immediate structural
work have been abandoned owing 10
inc insufficient supply Of available ma
terial on the other hand there are re-
norris OF reselllng contracts for rails and
other supplies by consumers who have
secured larger deliveries than VIII be
needed. The appearance of this specu-
atlye element would be ominious
uuotations were more excessively m
fated Aside from the advance In bar
iron at Plttsburg 70 SIS and founry iron
al Chicago TO $3.50, there are no spec
ial price changes, southern furnace
products having decided to postpone the
contemplated advance,
A severe reaction occurred In cot
ION. due entirely to the excessive spec
Native purchases which made the mar
ket topheayy. A slight recovery In oof-
Zee from the bottom price must be at
trbuted to aggressive option buying, as
the statistical position Is not emproved'
Brazil receipts exceeding last years
Nigh record to date by over third. A
temporary reduction In refined sugar
was quickly restored, as the market for
raw grades became very strong Meats
again advanced In the face OF easier
grain helpful influence being the
largest single order ever placed for the
British army.
Weakness appeared III the cereals
early In the week, when there was
certain unanimity about encouraging
weather reports and increased acreage.
Subsequently there was partial recoy-
cry, owing 10 less cheerful news from
Kansas and Oklahoma, but the net re-
suit for the week was a decidedly lower
range OF prices. Wheat exports ma
teraly declined from the satisfactory
record of 4,657,625 bushels last week to
only SOSS,6l2 bushels this week, which
compares with 3,936S32 In the same
week last year. There was decrease
In western receipts 10 2,74T,O9i bushels,
against 4, 0525OS year ago, but the
difference In arrivals OF corn was less
striking. According 70 an analysis OF
the official returns by a Liverpool au-
thority, there will be only 100000
bushels OF wheat in this country at the
close Of the crop year, but the state
ment Is based on exports for the last
four months of half az much as the rec
ordbreaking shipments Of the preceding
eight months, which is exceedingly inn
robable. A further alteration IN the
0glres should be made to allow for the
r1der estimate Of the total crop.
Failures for the week numbered EOS