The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1882-07-22
TELEGRAPHIC


H ~
New York, Following is q report
Of the condition OF trade here for the
week ending to-day: It has been good
average week in general trade, despite
the drawbacks Of strikes and other dis
Iurbing elem ents. Steady progress ap-
pears 10 have been made with the lowest,
and better tone is apparent in business
circles. The boom in The stock market 10
still kept. There are, immense daily
transactions, and influences are at work
70 secure its continuance. 1t seems fav-
orsble az hsme and abroad. Foreign
exchange has been strong and railroad,
governments and Other bonds very active.
The demand for dry goods appears to be
very izir for the season. New buyers
are arriving in the market constantly to
replace those who have left, and the pro-
aress of business 10 Satisfactory TO the
trade generally, and argues we'll for the
coming fall season. In the grain market
the price Of wheat has steadily declined
until Wednesday last, when, after con-
siderAble drop, the msrket resumed more
strength and reaction set II, prices I'D
vaneing some 2 cents bushel, and clos
ing with 8 moderate degree OF 6rmuess.
Corn has been weak Aad followed some
what the course of wheat, but without as
great depression or Sc considerable reae-
Iion. Oats, although no doubt Affected
by the condition Of wheat and corn, have
been very firm And the decline las beeB
q comparativsly small one. Prices gen.
orally have been well sustained and some
advance made, the market closing very
strong. In The provision msrket lard and
pork have been weak and unsatisfactory,
but there have been no heavy declines or
wide fluctuations In values. There seems
to be timidity on the part Of both buyers
and sellers, as to operations. and any
moderate variation from forfo prices
Leads 10 business. This also IL SER %
to somewhat improved the rates on pc
troleum and other descriptions. Bust
ness in all grades Of pig iron continues
light, the strikes keeping the market con-
sidersbly demoralized, although the stop
page Of production naturally tends to
keep prices firm. Dealers in msnufac-
tured iron continue to do fair business,
and while the boom in that branch is an
ouestionsbly over, still there is good
| legitimate demand. The leather trade
remains quiet, good business only being
done on small orders. The market close
with moderate strength at something be-
low the prices Of last week. The petro-
leum market has been quite steady
with 10 wide fluctuations, the range
being about cents from crude
In freights the decline Of prices Of grain
has led to some business, and q better
inquiry for grain room at fall rates. In
boots and shoes fair business is being
done, and there is quite Q number o.
buyers in town, and fair seasons bus
| iness is expected. Manufacturers are
mostly through stock taking. and al
work again receiving q share OF the
orders. Hardware business is improV-
iuk and although the trade is not active
dealersseem to think that the period o.
inactivity is passed and are looking for
ward to good fall trade. The coffee
market il moderately active, the demand
has sprung up for distribution, which hal
steadied prices but large operators are
| out of the market and no large trans
| actions are reported. The market fol
new sugar remains about steady and il
dependent upon the requirements Of re-
fners, whose trade has net opened yet K
any very great extent. Refined Sugar.
have been fairly active at somewhat bet
ter prices land concessions are made IL
some cases to attract sales. The tei
trade is dull with some little bUsines
doing. They are waiting for the open
ing Of the regular season. Prices remain
about tie same. Arrivals Of cheese hav
been heavy, 90, 600 boxes having reaches
here within the psst two days. Price
have weakened for the week = quarter @
Q cent, and further decline is probable
entirely local. Exporters are not oper
ating at all. The receipts are from 9, 90
10 10000 packages Q week, more tina
half Of it going into cold storage. II
thought larger amount Of business
held here new than at any other petio
at this time.