The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-05-12
Trade in the East,

Atew York, accumulated orders gave
sure appearance OF greater activity
but is yet too soon to Judge
whichway the tide will turn, and
the reft from other cities, though nearly
all hopul in tone, do not indicate the ex-
pected lprovement The situation seems
PETER 1t Milwaukee, satisfactory at
Omaha,go at Cleveland as to most
branche but questionable as to iron;
rather dl at Kansas City and ST Pau.
and less kcouraging at the chief centres Of
the grainiron, coal, and leather trades.
Reportabout the wool trade are contra
dlctory. t New York, prices are lower.
but Philadelphia reports more sales, and
prospect Dan advance. A report that the
treasury my not decide the wooden worsted
question fC months disturbs importers,
who have quantities of goods locked up
because collectors wait for a decision.
Otherwise he wooden trade shows little
better movement, but mills are not work
ing at nearly their capacity. Cotton has
advanced an eighth, and print-cloths one
sixteenth, ana there is more active job
olng trade, but in some lines at a reduction
n prices, and many mills are working short
time. Silks are quiet, but linens are quite
ictlVe. In the leather trade general dis
enlargement is by some thought the pre-
cursor of better things, and fair business
lnboots and shoes continues helped by the
recent decline in prices Of some grades.
The paper trade is active, and contracts for
delivery in England and Australia are re
pored The slow Improvement continues
in drugs and chemicals.
Wheat goes lower vet. having sold at sd
cents, and corn has declined three-quarters
and oats cent since last week. Dreams of
successful corners prior to July are still
cherished. but all the facts of the present
situation make the attempt appear extra
hazardous. Pork is unchanged, with lard
and hogs a shade higher; coffee and sugar
are unchanged, but oil an eighth higher. In
general, the course of prices still tends
downward, but many products of large i'm
portance are now so low that not much
further decline is expected, while quick
advance might follow a revival Of demand
or speculative confidence.
Stocks have been neglected and dull but
little stronger in price, with disposition
to believe that the next considerable move
ment must be upward. Yet, in spite Of
some excellent reports, the earnings do not
generally compare with last years as well
IS they did in January or February to say
nothing of March, and the outcome of con
troversies at the west seems really as
doubtful as ever. The future of the market
probably depends much upon the
of money and the feeling OF
foreign investors, and for the moment both
favor holders, but bankers look upon con
siderable outgo Of specie as not improba
BILE, and the policy of Secretary Window.
as far as it has been made known, does not
seem likely to cause large disbursements
before July. The one favorable feature is,
that merchandise exports are still large, for
four weeks of April at New York exceed
ing last years by 81, 300, 600. or IS per cent,
the increase in imports here having been
only 3 per cent. But the treasury has taken
in during the week 81, 100000 more than it