The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1883-02-01
LATEST KILOGRAMS
COMMEROIAL
MONEY MARKET

MONEY MARKET
New York. 31.-Money %; Govt's
generally weak; stocks, weak; w. U.
8214i quicksilver s; Pacific, Al; Wells,
Fargo, 124; N. Y. Central, 126;
477s; Union Pacific, 999z; bonds, 1917;
Central Pacific S559; bonds, 1917;
Sutro, e.
PRODUCE.
Chicago, 91.-Wheat, active, higher,
regular, l04. Jan; Az Feb; spring 4, win
ter 4. Corn higher, 55A@6, cash, 55%
Jan; 552s, Feb. Oats higher, 362s cash,
JAN; 81, Feb. Rye, 81. Barley,
nominslly, So. Whiskey, 16. Flsxseed,
lower, 128. Pork active, higher, 1850
80, Jan; 17.72H Feb. Lard higher,
10.9715, JAN; 921z, Feb.
FOREIGN MARKETS.
Liverpool, S1.-Uottou eater, not
quotAbly, lower 511.l6; Orleans 57S.
Sales $4,000.
PETROLEUM.
Pittsburg, Pa, 31.-Market very mucn
excited. opened at 81, advanced quietly
10 1887, closing at 1929, feeling very
bullish; trading heavy.
New York, 31.-Petroleum quiet,
crude, 7@Hi refined, 724@2si united
1887.
COPPER.
Baltimore, 3l.-Coeper dull, 1901.
New York, Shopper dull, IL.
New York, 31.-Australian tin 2lZ.
CLEARING HOUSE.
New York, 3l.-Clesring-house ex-
changes for the week show the following
gains snd losses as compared with the
corresponding week last year: Gains
Boston, 4.3 per cent; st. Louis 32;
Baltimore, $40; Pittsburg. $50; Louis
vile, SO; Kansas City, &c 6; Provi-
dence. 81; Hartford, 100; Memphi, !,
SOL; New Haven, 1915; Portland, y. >;
Worcester, Z 8; Lowell, 4.6; Syracuse,
21.7; Springfield, 7.l0. Losses-New
York, 26 per cent, Philadelphia, %;
Chicago, 4.S5; San Francisco, ZIG; Mil
waukee, 10 9; Cleveland, 1,6; Indian
Apolls, 10; Columbus, 100; Peoria,
27.9.
Commenting on these figures the Pablo
says: The report of exchanges for last
week is issued, and its striking feature is
again that the chief cities of wholesale
distribution report smaller transactions
than they did year ago, while smaller
and manufacturing towns report larger
transactions. This week there is an ex-
ceptional increase at Boston, where there
have been losses for long time and
again at Providence, where there
was 81 exceptional loss last week
On the other baud tsifiDg
! decrease appears at Chicago, where
gains have long been the rule, and
Francisco and Columbia, where there
were gains last week, tits known thai
the speculation in products has beer
rampant at many outside points, and &C
counts for large proportion of exchange
at Chicago. Pittsburg and st. Louis, mol
can thu amount Of payments arriving
from such dealings be closely estimated
but by assuming payment spproximatinl
to that which is ordinarily required or
speculative dealings. The known SALE
at different periods gives SOM
idea Of the comparative effect upon ex
changes. What is more instructive,
enables US to see that exchanges derived
from other sources, whether greater O
less in each year than ia supposed, arr
quite clearly less this year than last yea
at the chief points of distribution. /
the effect of speculation at few Of thes
outside cities could be eliminated,
would appear that the decrease in othe
transactions at the chief points of dis
tributicn was much more than 2 pc
cent, although all of them are so largel
engaged in manufacturing. So the gen
eral tendency to increase at SO man
manufacturing points, in spite Of tn
fact that these cities are also engaged i
distribution, indicates that q large pre-
portion of the business ia this country
that unsold goods are sccumulating.