The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-04-28

| tons usually considered of value, point tt
a genuine improvement in business
though moderate in amount, and rather il
| volume of transactions than in profits
Yet in some directions the outlook grows
less satisfactory every week, and the dis
! heartenment and uncertainty in few i'm
portant branches affect all trades in some
degree. Crop prospects brighten steadily
Lower prices result in largely increased
exports. Money is abundant, the treasury
is pouring out freely, and there are no signs
of pressure from abroad. Railroad earn
ings are increasing, and payments through
banks. Yet failures in some important
| branches of trade are numerous. Collec-
| lions are generally slower than usual; the
iron and leather interests are embarrassed
by production largely exceeding the pres
ent demand.
The reports from interior centres of
trade are almost uniformly favorable, indi-
eating moderate but steady improvement.
The wool market is waiting; the old sup
ply is nearly exhausted, and new wool be-
ing not, as yet, available in any quantity,
prices are mostly nominal, but average for
104 grades and qualities nearly half a cent
lower. The classification of wOrsted goods
as WOolens by the appraiser at Philadelphia
has been endorsed by the board of ap-
praisers, but has no effect on the markets
as yet.
The reproduction Of leather does not
appear to be caused by any sudden shrink
age in the demand for finished products.
since the shipments of boots are larger than
in any previous year. But the depression
in price, which has now continued since
1880, and reached 80 per cent, is UMPIRE
cedented as to duration, and the excess of
production undoubtedly begins to embar-
rass many makers. The cotton manufac-
ture is progressing fairly, with consumD-
ton little larger than in any previous
year, and the demand for goods this week
seems better, with print cloths strong at
3.75 cents for 6ls. The unusually open
winter accounts for the difficulty in the
lumber business, which in some quarters is
much embarrassed by lack of supplies. and
in part for the weakness in the coal market
Copper has fallen s3l% at London during
the past week, and the projects for future
control of the markets do not yet material
iZe. Tin has also declined to $20.S7,
but lead is strong at 1857.
Wheat is but a shade lower, and corn a
little higher than a week ago. The rapid
approach of another harvest, with an I'M
sold surplus in excess of all probable de
mands, which seems likely to be not far
from forty million bushels July lst, is a
sufficient cause of depression in wheat
and the failure and suicide Of an operator
at the west tell of the losses sustained
average of prices is a shade
lower than Il week ago, although the treas
ury has been disbursing money largely,
holding in cash about $1,000 600 less than at
the last report. Exports of merchandise
improve, and for two weeks Of April have
been POI per cent. larger than last year,
while some tendency to decrease appears in
imports at New York.
The business failures occurring through
out the country during the last seven
days, as reported to r. G. Dun & Co.,
for the United States 2l1, and for
Canada 30, or total of 236, as compared
with total of 239 last week, and 222 the
week previous to the last. For the cores
ponding week of last year the figures were
1875. made up of III in the United States,
and l. in the Dominion of Canada.