Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-12-26
Manufacturing Plants Are Stop.
ping to Take Inventories and
Make Repairs.
HOLIDAY BUSINESS IS GOOD.
In Many Prominent Markets Opinion
Expressed That Orders Will Appear
In January for Stocks.

New York, Dec. 25.-R. g. Dunn &
Co.'s Weekly Review OF Trade tomor-
row Will say; Holiday conditions
pervaded the markets and most Of the
exchanges are closed until Monday.
Manufacturing plants are stopping for
inventories and repairs In many cases,
the extent OF idlcncss being consider
ably greater than for the corresponding
season In recent preceding years.
There has been liberal volume of
business In holiday goods, but reports
are somewhat conflicting In COMPARE
son with 1902. An encouraging sign Is
the improvement In collections.
Railway traffic was not seriously
impeded by recent storms, owing to
better methods Of operation and earn
ings thus far reported for December
exceed last years by 6 per cent. Agree
ments are being made with but little
friction as TO wage reductions, except
In the case of coal mining. and sew
eral idle plants have fixed the date for
resuming work. Few labor disputes
are In progress and steel producers look
for much new business early next
month. Engagements Of gold were
checked by a sharp recovery In foreign
exchange, although receipts have raised
treasury gold holdings far above all
previous records, and money is unusu-
ally easy for the season.
a. h. Ia.
ton, bank exchanges for the week were
1877 per cent smaller than a year ago
at New York, while at other leading
cities there was q gain OF leading In.
terests In the iron and steel industry
brought more stability to the situation
by deciding against any further re-
auctions In quotations, and there are
numerous indications that prospective
purchasers do not intend to delay plac-
ing contracts beyond the season OF in
ventories and repairs.
Expressions of opinion are heard In
many prominent markets that orders
will begin to appear about the middle
of January and liberal volume of
business will be placed for work to be
done early in 1874.
Shoe shops are receiving few new
orders and there Is little effort at pres
ent to increase activity. Eastern
wholesalers are more cautious regard
ing additional contracts for spring
lines, but western jobbers are seeking
supplies literally. Conservatism is
still the leading characteristic In every
department Of the cotton goods market,
Mills are steadily curtailing output
and find II impossible to secure adj
vances In finished products commen-
surate with the rise in raw material.
urgent needs and refuse to pay the
quotations asked for distant deliveries.
mo demand for china Is seen and the
export division is doing nothing, prices
being we'll beyond the views of foreign
customers. Cotton has again risen
above all records for quarter of
century, and fluctuations of $3.50 a bale
In a single sea$on are no longer con-
sldered exceptional, while option trad
ing OF a million bales daily Is not I'M
usual. Few cash sales are reported
and the planters are not receiving SOS
| for their cotton, yet the mills that have
no raw material on hand Will be forced
| to pay the prices or else stop work.
| Exports have continued on a liberal
| scale
Grain moved within narrow limits,
! no special news appearing other than
a new record for wheat production in
| Australia, Prices are firm. Failures
| this week numbered 2S4 In the United
! States, against 200 last year and %
| In Canada, compared with 81 a year
ago"