The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-08-12
TELEGRAPHIC NEWS
New York Markets.


New York, 1I.-Following is the re-
port ofthe condition Oftrsde here for the
week ending to-day: All the conditions
favorable TO a prosperous autumn trade
seem to exist and though purchases in
various departments are net yet large
still the expectation that .weiare to have
successful half years business is
thought to be well based. Dry goods is
growing more active daily and leading
houses report good trade and buyers are
arriving in force. Stocks of foreign and
domestic dry goods are especially full
aud attractive. Country merchants need
have no fear about the detention of goods
as the strike ofthe freight handlers is over
and shipments Offering are taken care Of
promptly. Considerable parcels of domes
tic Rnd wcOlen goods have been moved
during the week, some on Old orders, but
largely new business In grain, wheat
as a rule has been quite steady,
showing soHe little weakness at
the close and a. decline in value of
something over cent q bushel.
Corn. has been somewhat irregular and
prices have been pretty we'll sustained.
Operators on both sides are disinclined to
take hold on account Of uncertainties as
to the coming seasons crop. Oats has
been the leading speculative grain in the
market and cash ard August deliveries
has been run up soLHe sc. or &c q bUshe,
on account of the light stock and small
receipts, and chances CT 3 corner. This
has served to sustain the price OF later
months. which have been fairly steady,
showing q little advance at thu close.
There was considerable decline in August
= al IL \
somewhat. In lard and pork the week
started out with strong market, and an
Upward tendency, bat longs took
advantage of this and sold freely, aad
there appears to be timidiGy on the part
of operators in regard TO these products.
Fluctuations have bean rapid, but not
wide, and as rule the market in the
morning hss been strong, weakening
towards the afternoon of each day. In
cotton business hsS been quite dull snd
transactions few. On one day this week
sales we're less than 1900 bales, one Of
the lightest days. business for year.
Tho possibilities of a corner in August
still continue to exist and prices for this
month are between thirty and forty points
above those OF September. The amount
of visible cotton ready fJr August
delivery ID light, and this condition serves
to keep up the prices Of later months
higher than the prospects Of the crop
would seem to warrant. Thera is more
cheerful tone in the wool market and de-
sirsble parcels ara in good request. Other
descriptions are in moderate demand.
Otherwise there is no material change.
In petroleum the price has been irregu-
ar, huctusting within range Of &c or &c.
laor crude oil. A fair amount Of business
Is doing and there is nothing of particu-
| lar interest 10 the trade In Heights
here Is better supply Of vess els aud less
demand for grain room, with an easi0E
/ OF IN rates. Petroleum room Is IN fair
request, and in these descriptions rates
| are well maintained. ] he iron tlade pre-
| sents no hey Gestures. american pig
| iron IS il fsir request and prizes firm In
| foreign iron Of al kinds small business
| is beirg done. The boot and shoe trade
is fairly active, but thera ere not as
many buyers In town as was expected;
| still very fair trade IS anticipated.
! Manufacturers are not very busy at
present, aud are not sending out travel
ers IS early as in former years. The
leather trade Is quiet, with moderate
business, and prices remain firm. Hides
| hIo slALI 1igu. NOLuIuS U siSulucduCe
in these branches has occurred during
the past week. Raw sugar still con-
itinuas to be absorbed very moderately.
Fair refining is quoted at Z sic. No
change in regard to refined sugars, which
have slow sales at old prices. Tes sales
were 6, III half chests at auction. No
further change in prices is reported, and
q steady but light outside Distributing de-
mRnd Is noted, Rio glades Of coffee are
held firmly, with somewhat better
demand. Fair cargoes are quoted
at 81 20 81. Milder grade:
are quiet. but prices are firm.
in butter there is steady demand foI
fancy lots of creamery sud tubs sufficient
to prevent excessive accumulation and a.
steady prices. Otherwise there is moth
ling new, the demand for export is ex-
tremely light. Western creamery j!
lquoted at Is to PSI; cheese for export i!
taken freely at II to 1112. Fine cheese
is in good demand, but there is q large
amount of other grades offered, and the
amount Of business doing is considered
Satisfactory.