The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-01-15

alour is quoted at the old figures
81 90 q 2.75. A jump of at least 25c
per hundred may be confidently ex
pected within few days.
Potatoes, save for home demand. are
inactive, the severe cold weather pre-.
cladlng the shipping of any abroad. II
Will however, be interesting for those
who disposed of their tuoers for &c. up
to 35e. last fall to learn that these same
potatoes are now bringing in the Chi
cago and other eastern markets 81 25
per bushel.
Concerning the trade in the East, the
latest advices from R. G.. Dun & Co.
are to the effect that the past broken
week has not been one of great activity,
and the year opened with some reac-
ton in most of the MARKERS. The Read.
ing strike has become more serious
than was expected; the miners com-
mittee claims that 10000 miners aud
$4,000 railroad men are out, and though
the statement Is plainly exaggerateesas
to the railway hands, the suspension of
mining appears to be nearly complete
ia the Reading, as in the Lenigh
regions. In spite OF Deeember's large
output, stocks at tide are low, and stop
page OF supplies of coal threatens to
close some manufacturing works. The
iron market is already distinctly sitter
because OF possible closing of furnaces.
All the speculative markets have ex
perlenced some reaction, except for tin,
which is firm at half cert advance.
and lead, which is quoted slightly |
lower. A bad break in copper stocks |
abroad, with quick reaction, was fol- |
lowed by heavy failure and a panic at |
Paris. Oil mounted to 81, broke sud |
denly to 9211 and has since risen again.
Pork aad lard have declined little,
and cotton sixteenth. Coffee is de
with ne spot quotations, and
= loss OF nearly l cent in options.
Brea istuffs have been weaker, though
corn IS still fraction above last weeks
prices. Stocks have not advanced, as
hose hoped who supposed that $40, OOO,-
100, distributed in dividends and inter
ssts, January LIST, would lift prices; an
increased demand for good bonds ap-
bears, but the share market has been
weakened by Western war rates, which
pread and grow more bitter, and by
A6 SbIlh0 VI COhl miners.
The first week of the year opened
With fewer failures than were antici-
'ated, and with fair business for the
sason at oil points reporting. Money
rather eloser a. Kansas City and som (
ess important points, and the strike
With its uncertainties explains slightly
higher rates at Philadelphia, while at
Boston the smallness of transactions is s
but the money markets are l
enerally easier, and complaint of COL {
ections less frequent Dividends de- ,
Jared by banks and other financial in
titutions were generally up so expec-
atoms, but much of the money appears
D have been anticipated IN previous in :
Next to the iron industry, which hes
'ates, the wooden manufacture seems |
D have moss uncertainty. The raw
lateral has declined about 1 cent in
december and 2 to cents since july, S
n0ugh coarse wool yields least, and the +
'rgest decline mas been in fine hesce. >
islmates of the clip vary widely The
Otton manufacture is exceptionally
and fancy print haVe ad
anced to 81 cents, some makes of
rown and bleached goods have ad- G
anced, and print cloths have risen to
AGENTS. The window glass business
rospers, with an advance of 30 per
ent. in prices last year, and works a
perating at full capacity. Building n
locomotives reached 2044 for works n
sporting to the Railroad Gazette,
sainst l ,436 in 1876, and of cars &c, 1854
ere built, against 1857 in 1886. The
aw enterprises reported at the South 81
,gregate nominal capital of $3.50, OOO.- O
". against $l29 900, coo in 1885.
Foreign trade continues large, ex-
)rts showing only 3.3 per cent. decline is
r five weeks st New York, and in b
)rts only 1.8 per cent. decline, in com
arson with. the enormous business of
st winter. The Treasury has put out ie
300 900 gold and 5000, coo silver since ~
ST week, and it increased the circula-
on of all kinds of money S14 600, 600 in
ecember, and S62, 400, 600 during the
st half of 1887. But for the miners
rike, and threats of cotton spinners, Il
no claim that higher wages were o
romised when goods reached present
rices, the outlook would be more
vorable than for many weeks past.
The business failures occurring :,
the country during :,
le la seven days, n number, for u u
anada % or a total of 279, as
with a total of 263 last week, ;,
% the week previous to the last, and x
9 the corresponding week of last year.
ne Ggures for the first seven DAYS of