The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-01


larger transactions: sales OF STOCKS
have reached 1900 600 shares for 'f,
week, of wheat 41,000 600 bushels. OF
corn Is 900 600, and of oats QUO, GOO
bushels; of cotton 18S,000 bal. 8, and OF
coffee 57l 600 bags. Stocks have de-
olined about so cents per share. with an
important fall in some or the more
prominent; wheat is cent and oats "
cents lower, lard and cotton an eighth
lower, sugar sixteenth, and Oil cents.
while coffee and tin have each gained
half cent.
It Is felt that the future turns largely
upon the money market, Whlcn mas
been very easy. But the steady loss OF
reserves by the banks, If continued al
| this season, may ar any time brlng
sudden change. Up to March lst IN
spite of sales of stocks on foreign &C
count, there is evidence that foreign
capital continued to come hither, prob
ably on account of bonds negotiated
late last wear or early in January. The
! returns of foreign commerce for Feb
! ruery shows imports exceeding exports
of merchandise by $40, 1882. making
the excess for two months, 50 6a5 40,
while the net exports of gold were $751;,
| 769, and of silver 81 $50 437. Consider
! ing half yearly interest and dividends
due abroad. and undervaluations of i'm
ports, certainly. more than $2O,OUL OOU
of foreign CAPT al must have come
| hitber. But exports since March LIST
fall 21H per cent. below last years, and
| imports are 8 per cent. above last years;
the large movement of cotton and other
products seems to have passed. and
meanwhile the market indicates sales OF
securities on foreign account.
The reports from the Interior are gen.
orally quite favorable, considering the
interruntion which the storms must
have caused. At southern points the
activity and the early opening of spring
trade inspire hopeful antlcipatlons,
though the margin for profits Is very
narrow. Comparative inactivity Is the
rule at northern points, though here
and at Boston there is some pressure
since the storm to make up delayed
orders, and at Chicago and Omaha In
creaslng trade is noted. Collections are
noticeably slow at Cleveland. and not
entirely satisfactory at Kansas City. but
generally fair. Detroit and Cleveland
are the only points where closeness IN
the money market Is reported, though
Boston begins to draw from New York.
and some applications for discount
comes from st. Louis, where rates are
to per cent.
OF the larger branches Of trade, the
boot and shoe appears most cheerful
buyers reporting a good trade through
out the country. The dry goods bust
ness has been more active Tor the past
week, with steady demand and I'M
changed prices for cottons, but wooleus
J are in less satisfactory shape. The de-
mand for dress goods is moderate, buy
60 tl, AL. ~ O q
3 and the frequency OF auctions, of which
no less than six occurred yesterday, is
,, q feature not entirely encouraging
The ion trade is helped by the decrease
in imports, which fell to II CAB tons for
D.. January against 81, 247 last year, and
for February, British shipments to tins
country were only - 476 tons, against
2 III 403 last year. Yet the constant Of
5 fers of southern and western products,
e at prices at little below eastern quota
tions. continues to depreSs prices; NO
: pig is quoted at 500 to $21, Grey Forge
{ st$l7; best refined bar is sold by some
8 at 1.9, but by others at 1.8, and steel
= rails are quoted at $31, orders mp tC
March lstrhaving been only 525, $50.
The absorption of money by tbs
g Treasury continues to deplete bank re-
Q serves, and the prospect OF an early
t action by congress does not increase
n The Senate committee will report favor
e ably the bond purchase bill, but alsc
d favors bill for refunding, so that diff
L ferences of opinion on this matter, al
g III regard to the tariff, may delay action
It. The disturbance of business by western
e railroad strikes has nearly ceased. anc
IS there are new reports that quarrei
o about rates are to be adjusted but thu
If interference of the interstate law witt
It export rates through the various east
II ern ports is likely to cause difficulty.
o The business failures occurring
|, throughout the country during the las
'e seven days. as reported to &. 6. Dun Z
ie Co., number, for The United States, 2l2
d and for Canada 81 or a total of "a
e failures. as compared with total of %
Q, last weak, and 253 tire week previous t.
IT the last. For the corresponding weel
It Of last year the figures were 259, mad
lie up of 2l8 failures in the United States
if and Al in Canada. Thus far in March
: the failures have been fewer than las
y year, both in this country and i
n Canada.
q Ore and Bullion.