The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-10-30
The Business Outlook.

new YORK, October 29.-Special tele-
grams to BrGdstrees's while recording a
somewhat improved movement in
merchandise at Chicago, Burlington
and Davenport, La, at Kansas City and
New Orleans, reflect on the whole a
i.continuance of the late check TO the
general trade. While this appears to
be OF seasonable character after the
recent perish active trading, there Is
little IN sight at the momont ts-suggest
an immediate improvement, 85hOugh
the public confidence in its appearance
in the near future is undated. From
a number of points word comes that the
mercantile collections are made with
less ease, which is attributed in part TO
the low prices of staple tarm products.
At most of the cities reporting better
business, cooler weather preceded it.
A practical holiday in many lines
into the total Volume OF transactions.
and is reflected in the weeks bank
clearTngs together with about one
third less trading in the Stock Ex-
change. in the loss OF about $iZ5 ,0U0 0u0
from the total of SIS, $50 900 last we K.
The total bank earnings at thirty cities
this week, is 1884 ,974 100 against 81 090,-
452, 984 last week, and 1911 1854. 156 IN
liks week last year. Boston and Phila-
delphia each lost $l2 600 COO this week.
as compared with last weeks earnings.
Chicago lost 81, 400 900; st. Louis, 81.
700, coo and Baltimore, 81, zoe, 900. while
San francisco gained 81, 20 900. Ths
western money markets generally
continue quite firm, with the cur
rent Of funds still to the west.
The demand for funds for general'Com-
mercial and industrial enterprises at
large cities continues marked. The
stock market was hesitating and some
what lower duaing the early portion Of
the week, with considerable bear talk
and selling short. This was followed
by a revived bull mGye. .ent and Cop-
siderable advances III certain stocks.
The transactions of the New York
Stock exchange for the week were 1,760,-
153 shares, against 2, SIS, 275 shares last
week. The bonds were generally
strong and advancing The sales on
Stock Exchange for the week ag-
gregated 1882 500, against S11, $685.
300 last week. Money was much
easier, the arrival of large
amount of gold from Europe tending
| TO give less strength and tone. On call
money was quoted at 4 @ 6 per cent.
and time loans at about 6 per cent.
| Exchange con tinues weak and low with
the prospects favorable to further gold
imports Commercial paper is in poor
supply. but rates are still well sustained.
The distribution Of dry goods from the
eastern centres has been noticeably
checked, though prices are strongly
| held, The demand for the raw wool
! from manufacturers Is not so large as IN
] September. though the decreased
! demand from the eastern knitting
mills has caused no weakness,
! for the strength recently shown in iron
steel is fully maintained. Wheat has
been stronger and higher again, after
the reaction from the advance made
/ early in the week. Speculation, foreign
war rumors and the growing opinion
| that the importing nations will yet have
to buy largely from the United States
are underneath the most recent adVan-
ces. Rains and frost in many sections
| of the cotton country this week have
not resulted in widespread damage
| Louisville reports the weather favor
able for the coming tobacco crop