The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-11-22
WEEKLY REVIEW
OF THE MARKETS
Generally Speaking the Situation
Is First Class.
WEAK SPOTS HERE AND THERE
HOLIDAY TRADE BETTER THAN
IN AVERAGE YEARS.

New York, Nov 21-R. G. Dun &
Co.'S Weekly Review tomorrow will
say.
Voluntary increases in wages by some
of the largest railway systems in the
country bear eloquent testimony to the
amount of business handled in the past
and emphasize the confidence of Off
Gals IN continued heavy traffic. More
over, by this addition of large sums to
The purchasing power of railway en-
ployes there is assurance Of a larger de-
mand for ali staple lines of merchan-
disc. Temporarily. sales of seasOnab1e
lines of wearing apparel are retarded
by mild weathey, but this loss viii be
fully made up when low temperature
becomes general. Preparations for holi-
day trade are on an unprecedented
scale, especially at interior points.
There is no relief as to the congestion
of railway traffic nor any immediate
prospect of free movements at the
points of most serious blockade Coal
freight is steadily gaining and all rail-
way earnings thus far reported for No
VemDer exceed last years by So per
cent. Orders are now coming forward
for iron and steel products that have
been held back many months in expec-
tdt1On of an easier market. Instead
of making concessions, however, pro-
ducers ask premiums for early delivery
material and fuel are not in sight No
relief is reported as to the movement
or coke, nor is any anticipated for some
time to come. Plans for constructive
work are now increasing and a very
large tonnage of structural material
viii be required. AS the present con-
gestlon is due to inadequate facilities.
the most importunate inquiry is for
railway equipment Silver bullion de-
clined to the lowest price on record
and copper and tin also receded from
former quotations London was a con-
spicuous factor in these changes.
Heavy lines of dry goods and foot
wear need the stimulus of cold wea-
Their. Orders for spring shoes are COM
ing forward freely, and there is sup
Elementary buying of winter goods on
moderate scale. Retailers have much
money tied up in rubber goods, for
which there has been little demand.
Both sole and upper leather are quiet
No concessions are obtained on hides
except where new offerings are of in
ferior quality, although stocks have in
creased and the western markets are
quiet
Failures for the week number 266 in
the United States, against 21S last year,
and twenty-four in Canada, compared
with thirty-one a year ago.
Bradstreet's Report.
Bradstreets tomorrow win say: Fa-
vorable conditions still govern the
trade situation. The mild, open fall
weather is complained of as restricting
the movement Of winter goods at retail
and delaying collections at a few
points, but ii is not to be forgotten that
present temperatures favor the contin-
ued growth of the cotton crop and
larger yield than heretofore expected,
while ii is enabling the railroads. TO
make far better fight against the pre-
Valllng freight congestion than was
earlier deemed possible. Export trade
returns look better than preliminary
reports fOreshadowed. Agricultural
products, owing to high prices, have
gone abroad in smaller volume than eX-
pected, but there is evidently a large
movement of manufactured goods.
The railroad situation is certainly a
remarkable one. The complaint is no
longer one of car shortage, lack of mo-
tive power or even of insufficient yard
Facilities The fact is becoming appre-
Grated that the business offered to the
railroads is so large that means must
be devised TO meet such conditions.
me iron trade situation is rather
stronger than a week ago.
Wheat, including -four, exports for
the week ending Nov. 20, aggregate p
2f1,612 bushels, against 4.44O. 100 last
week, 5.51S.9SO in this week last year.
and 1897 ,296 in 1860 Wheat exports
since July 1 aggregated log, So. 1924 bush
els against 122, 4O1, PAS last season and
1922, PSI in 1900
Business failures in the United States
Tor the week ending Thursday. Nov.
70, number POI, as against POS last
week and 223 in this week last year.
For Canada for the week nineteen.
against ten last week.