The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-03-10

ness of collections in many quarters, and
for the general sense of disappointment
Though the trade for February. like that of
January, was rather larger on the whole
than that of last year, it is not forgotten
that business was unusually interrupted
last year BY storms, strikes and other i'm
pediments. But the outlook for the spring,
and the feeling of confidence as to the
future, are at least as favorable as year
ago, though in some departments the state
of trade is at present unsatisfactory. At
fully half the interior points which report
this week there is noted a fairly good trade
or some improvement.
The money markets are everywhere
amply supplied for legitimate business, but
the demand is moderate or light.
While trade in dry goods was larger for
February than that of last year, the I'M
usual caution of buyers continues, and
wooden cloths are without activity, while
staple cOttons are comparatively quiet
Print cloths are shade lower, and ging
hams are especially offered at low prices.
The demand for wooden underwear is noted
as more encouraging. The boot and shoe
trade is active, especially as to mems boots,
of which sales are expected to exceed last
years largely, while the demand for
women's light goods is less than usual.
1t is thought at Philadelphia that the iron
market is tirmer, with better prospect of
Improvement But the market for bar iron
is very unsatisfactory and scanty, and no
improvement in rails is seen. At New
York No. , foundry continues to be offered
at very low figures, and a pressure to sell
iron rods is noticed, but sales of $4,000 tons
of rails makes that market firlner, and it is
stated that the allOtments will be read
! justed April 1st. The breadstutfs market has
changed but little wheat being half cent
] 1OTVnIs of O75/ ppnts 11npbor, God Of a
cents, and oats an eighth stronger at 300
! cents. Pork is steady, lard shade lower,
and hogs quarter higher. Lower prices
are noted for butter and cheese, but oil is
u cent stronger at 9415, coffee q cent
higher at 1875, and cotton a sixteenth higher
at TO-. 10 for middling uplands. In spite of
speculative prices, which check the outgO
of wheat, the exports of all merchandise
from New York for February show a gain
Of 10 per cent. over last year, against an
increase of = per cent in imports.
These figures indicate that the excess of
imports over exports, for February, may be
81, 100000 or more against over $40, 100000
last year. In January, the excess of eX-
ports was s., III, Oil and half million gold
and half in silver went abroad But
foreign exchange remains steady and IN
less a movement of securities causes a for
eign demand for specie, no disturbance for
some time to come is indicated. During the
past week. the stock market has virtually
done nothing; prices are, on the whole, IN
changed. Waiting for the interstate agree
ment to get into working order traders
have INDUCED hopes, but deferred pur-
chases. The treasury has put out 81 900, 900
more cash than it has taken in during the
week, and owing to the large pensions pay
ments probably closes the month with a
lower cash balance, and q larger volume of
currency in circulation, than at the end of
January. Meanwhile the general course of
prices for commodities has tended upward
slightly for the past week, and is now only
a tenth Of per cent. higher than February
1st
The business failures occurring through
out the country during the last seven
days, as reported to Il. G. Dun & Co.,
number, for the United States, 1SS, and for
Canada A, or total of 232, as compared
with total of 27O last week, and 2S9 the
week previous to the last. For the cores
ponding week of last year the figures were
PA, made up of 202 in the United States,
and II in the Dominion Of Canada.