The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-05-05
Trade in the East.

Business in New York, and, in fact, at
nearly all other points in the country, was
interrupted last week by the big centennial
| holiday. In New York there was some
disappointment because of the flatness of
the retail trade. Reports from other quar-
tiers indicate a continued improvement,
and even in the iron and wooden branches
the signs for the present are more favor
able Money is accommodating in New
York, and plenty at nearly all interior
points; collections are generally better;
and while the general complaint is that the
present demand for money is but moderate,
the confidence that business will soon ex-
pand is as strong as ever. Perhaps it is
| influenced little too much by the belief
that the crops this year are to be unusually
| large, but after all reasonable allowances,
there is more ground than usual to look for
year of good trade.
In the wool market, also, q better feelin g
| is noted, and prices seem tirmer, though
! buying is strictly limited, and the mills are
working at only part Of their capacity. In
drugs and chemicals, also, another trade
which has been very dull, distinct improve
ment is observed at Philadelphia, with col
| lectiOns in better shape and prospects
brighter.
In consequence mainly of the enormous
cotton movement, the value of exports in
March exceeded the value of merchandise
| imports by s., $50, 32G. The net exports of
! gold, s., IL, 225 for the month, and about
| 81 900 of silver, made about 1000, GOO
paid abroad against interest due and I'M
dervaluations. For three months the net
exports of merchandise and specie repre-
sented about half the estimated interest
and undervaluations. These figures show
tive stocks, the foreign investments still
exceed Withdrawals of foreign capital. and
of late the demand for railroad and other
| bonds has been exceptionally strong. At
New York, the merchandise exports for
| April thus far exceed last years by "a per
cent, while in the imports here there is an
apparent decline OF S per cent.-due in
part, no doubt to the fact that the market
| is already supplied, but also in part to the
| decline in prices of most commodities here,
while in European markets the general
tendency of prices is upward Since April
! lst, the fall in the average prices of all
commodities in New York has been fully
half of l per cent.
| The dry goods business appears to be
| fairly on a level with that of last year. and
prices are well maintained. 1t is a good
! sign that collections in this branch seem to
| be generally improved. The grocery trade
has also been more active, with the decline
in sugar and some other products. No
sales of lake copper are reported here, but
London prices are still lower. while tin is
stronger. 1t is fact worthy Of notice that
some considerable failures Of late have pro-
duced no disturbance or feeling of appre-
hension, and while the number Of failures
has been very large thus len this Year,
there IS not the sense of uneasiness which
would usually attend such record of dis
asters
The business failures occurring through.
out the country during the last seven
days, as reported to r. c.. Dun & Co,
number. for the United States $50. and for
Canada 81 or a total of 213, as compared
with a total of 246 last week, and 239 the
week previous to the last. For the CORES
ponding week Of last year the figures were
223, made up Of 1913 in the United States,
and 80 in the Dominion of Canada.