The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-04-21
Trade in the East.

In spite of continued dulness in many
quarters, and some disturbing failures,
there are distinct signs of improvement in
business. Reports from interior points,
almost without exception, indicate an en-
largement of trade, though it is but slow at
at some. Rapid advances in sugar, coffee,
cotton, butter, and oats are nearly balanced
| by the decline in wheat and corn, pork pro-
ducts, print cloths, leather, and other arti-
Giles, so that the general average Of prices
is but a shade higher than a week ago.
But further disbursements by the treasury
| have increased the already abundant supply
| of money; the market for securities has
improved, and exports continue to increase
The sharp advance of 30 cents per 100
pounds in raw sugar, with the purchase of
the San Francisco refinery for the trust,
accompany sudden rise of cents in the
trust stock. The statistical position of raw
sugar is considered strong, and the demand
is iUll. The boot and shoe trade is said to
be large beyond precedent but the demand
pushes makers toward low prices rather
than good quality.
Wooden manufacturers and dealers are
excited by the news that the recently aD-
pointed appraiser at Philadelphia has adj
yanced the duty on wOrstedS to correspond
with that on WOolens, and some believe
that a similar ruling viii soon be made 1T
New York and other ports The import alton
Of WOrsteds in great quantities, at low
rates OF duty, mas changed operations in |
many wooden mills, and the manufacturers |
are gratlhed at the new ruling. while the |
importers will resist il in the courts Tie |
market for raw wool is stronger in tone, |
and an advance in price is expected. Cop |
per and tin are still somewhat weaker, aud |
the excessive supplies still depress the coal |
market, which is worse than dull. The
volume of business is unsatisfactory, and |
sales below schedule rates are reported.
Without exception, reports from the in
terror show that money is abundant, though
in few instances the demand is improv-
ing. Fear of disturbance in connection
with April settlements having passed, the
supply would doubtless have been ample,
even if the treasury had not taken occasion
to accept bonds offered at higher rates than
before, and thus to check the accummulas
ton Of money. The disbursements for the
week have exceeded the receipts by s, 500,
900. No demand from abroad appears as
yet, though foreign exchange has been
strong in spite of some purchases of Secur-
tiles on European account. The stock
market, owing to these purchases, and an
change in the plans of some oper-
atorS, has been stronger, with sharp ad-
vance in few stocks, and sales for the
week have reached 100000 shares. A
more important symptom is that exports of
from New York for April
thus far exceed last years by IS per cent,
and the further fall of l . cents in wheat
and l cent in corn tends to increase the
movement. The government report, Just
issued, puts the condition of winter wheat
at 81, which produce exchange authorities
estimate fereshadows yield of 31S, SOC, 900 |
bushels of winter wheat alone. The re-
ports Of increase in spring wheat acreage
continue and sowing has progressed favor
ably, the season being about three weeks
earlier that last year.
The business failures occurring through |
)ut the country during the last seven
lays, as reported to r. G. Dun & Co.,
number, for the United States 212, and for
Canada q, or a total of 239, as compared
With a total of 222 last week, and 240 the |
week previous to the last. For the cores
bonding week Of last year the figures were
~, made up of 200 in the United States
md p in the Dominion of Canada