The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-01-01

/ later tendency DOWNWARD
| These facts Indicate activity in trad
| ing, rather than satisfactory relations
| OF supply and demand. The iron trade
is unse tiled, with sales OF several thou
sand tons Birmingham pig here, while
at Philadelphia offers 81 below the
market are noted. Sales of 10000 tons
steel rails have been made during the
week, and generally at terms netting
between $31 ana $92. Bar iron is
weaker and the tendency to shrinkage
| in demand appears not only in craae
| but IN many manufactured forms OF
iron ard stee'. Wool is not active, and
prices range TOTO Is per cent. below
those of MAY last, Notwithstanding the
decrease in imports and in home pro-
duction, which shows a curtailment of
the manufacture. COttons are firm at
recent advances, and in good demand
| for the season, print cloth having this
week risen to 81 bid, but continued
large supplies cause raw cotton to re-
cede an eighth. The boot and shoe
business is doing we'll. and it is noted
that purchasers are already hurrylng
up their orders, while the leather trade
improves slightly, if at all.
The Lehigh coal strike continues, and
the consequent financial strain is in
some quarters severe. The Reading
has decided not to continue the recent
advance in wages, and -despatcnes say
that the men have already struck
Several manufacturing establishments
have closed for the present, among
them the great Edgar Thompson
Works, and the repairs usual at this
season are likely to continue longer
than usual, If markets do not change,
On the ether hand, the distribution of
groceries is noticed in all sections as
unusually large, and the trade in noli-
day goods is both large and unusually
irly. At st. Paul, Detroit, and some
other points, the weather is noticed rs
causing dulIness in some branches of
business, and at few Fother points
activity continues in retail; trade,
though wholesale business exhibits
some shrinkage; but the general volume
of trade shown ia bank clearings cut
side this city, is even now fully as large
as last year at this period.
Notwithsta ding the expected Read
ing strike, stocks have averaged frac-
tion higher Than a week ago, but the
market has been exceedingly dull.
Wheat.has risen ~ cents, oil So cents,
coffee a quarter, with better dtstfibu :
ZION, and hogs half cent, and pork 25
cents per barrel. Tin has been lifted
cent; copper is Ill changed. The sugar
market shows no change, though the
Louisiana crop is now re orted fully
100, 900 hh1s. larger than last years.
Exports of wheat shrink as prices ad-
vance; up to December L. in wheat and
-four, 81, 200.0J bushels had gone out,
against IS, 300. 900 to the came date last
year, leaving of estimated surplus
Ii COO, 600 bushels more than last year.
exports for the remaining seven
months.
1t is an encouraging fact that singu-
larry little disturbance has yet appeared
in regions where real estate speculation
was active, and payments of interest on
mortgages do not yet seem unusually
delayed, even when crops have been
short A Chicago agency, having
$3.50, 1000 interest due on mortgages
January LIST, had already received more
than half the amount December 18th.
1t is observed, too, that demands for
money from the interior diminish at
ing from New York, and the pressure
for money there does not abate. The
Treasury has added 81, 900 900 to the cir.
culation during the week, by increasing
it's bank deposits $3,000,000. Foreign
trade shows small decrease in i'm
ports, while exports from this city for
three weeks have been 81 per cent. be-
low those of corresponding weeks last
year..
The business failures occurring
throughout the country during the last
seven days, as reported to r. G. Dun
81 Co., the Mercantile AGENCY, by tele
graph number, for the United States 26i,
and for Canada %. q total of 300. as
compared with a,)t 2S8 last week,
and 254 the week pres. $ to the last.
For the corresponding eek last year
the figures were 263. oelDg 231 in the
United States, and 80 in Ianada.
Mill Creek Mining District.
This district. formerly known as
Hardscrable, is situated in Morgan
County, Utah. distant from Salt Lake
City, only about twenty-five miles in a
direct line across the Wasatch divide,
and ten miles south of Weber station
on the Union Pacific railroad.