The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-04-07
Trade in the East.

The general tendency Of reports indicates
that trade is both improving and hopeful
though complaints of dulness are still com
mon. Rapid growth of tributary regions
accounts for improvement at far western
points, and at most eastern centres q
shrinkage in demand for many products is
distinctly felt.
In the woolens trade there is some in
crease in demand, and wool is more firmly
held, possibly because of the recent treas
ury decision against importation of wool
tops as waste, and the hearing on Thurs
day regarding duties on Woolens and WOr-
steds.
Sugar is in active demand, and has risen
three-eighths for raw and half a cent fer
crushed. Coffee is unchanged, with sales
of 229, 600 bags. Once more the week shows
a decrease in the average price Of all com
modities, which are third of l per cent.
lower than week ago, and u per cent.
lower than March 1st. Since January lst,
the average decline has been AZ per cent.
Those fare best who realize that this is
an era of low prices, and very narrow
profits. In the grain business, the North
lUCStcrn Miller concludes an exhaustive in
vestigatiOn with the statement that no re
vival of demand is to be expected until
prices come down to an export basis. In
iron, MesSrs. Carnegie & Hewitt have re
Gently protested that the railroads, by con-
tinuing present charges for freight on
material and products, will make it impOs-
Sible for eastern to compete with southern
works. The Shoe and Leather Reporter says {:
The difference between what people paid
for shoes during the past decade and the
preceding, would suffice to pay off what
remains of the national debit and yet
warns traders not to look for old-time pro
fits. At the same time, the era of cheap
makes it possible to extend manufactures
ness in countless directions. Thus, the North
Chicago rolling mill consolidation will com
mence the production Of tin plates. Scores
Of inventions are developing new demands
for materials. Exports are expanding in
unexpected directions: British railway,
being built near the northern frontier of
India. is using timber exclusively from
Washington territory.
The supply of money is ample, and the
treasury has paid out $600,0 900 more than it
has taken in. Foreign trade in February
showed an increase of nearly 6 per cent. III
exports, the excess of imports being only
81 PIG, sos. In March, the blizzard month
last year, exports from New York have in
creased over seven million dollars, or 81 per
cent while imports have increased p per
cent, which seems to indicate the excess of
over ten million dollars in imports for the
month. The weakest point of late has
been the stock market. which has declined
about 81 per share for the week, with
rumOrs of receiverships, and large selling
by investors on accounts of past misman-
agement and losses. The selling on foreign
account if long continued would affect the
monetary prospect, and it is growing
clearer that the inter state law as amended
has not increased the confidence of secur-
ityholders.
The business failures occurring through
out the country during the last seven
days, as reported to R. G. Dun & Co.,
number, for the United States 204, and for
Canada 36, or a total of 240, as compared
with total of 249 last week, and POI the
week previous to the last. For the cores
ponding week of last year the figures were
223 made up of 1876 in the United States,
and q in the Dominion Of Canada.