The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-29
TRADE IN THE EAST.
A General Resume of the Business West of the
Rockies

A Uentrdl lleSulllt Vi Tile DustutSS NSsb VI but
Rockies.
Another week has brought still better
crop prospects, continued increase in the
volume of business, more definite assur-
ance of the passage of the tariff bill with |
its essential features unchanged, and |
therefore more confidence in those indus |
tries which look for help from that meas
ure On the other hand, the passage of a
free silver coinage bill in the Senate has
raised some doubt whether the two Houses
may not finally disagree. Expectations
based on currency expansion are therefore
a little less confident But the money mar
kets work easily everywhere, and the con-
tinued exports of gold as yet cause neither
disturbance nor apprehen sion. Though
over two million dollars has been sent
abroad, the rate of foreign exchange does
not justify the operation, which is attrib
uted to special purposes, and manifests no
tendency to advance to the exporting
point. OF late some foreign buying of
stocks has been reported, which tends to
check the outgo of specie.
Reports from all parts of the country
continue encouraging. Seasonable goods
are in better demand with warm weather
at Boston; boots and shoes and leather sell
freely at firm prices; sales of wool have
been 100000 pounds, with slight conces-
sions to buyers; dry goods are quiet, and
woolenS particularly dull, and the large
supply of lumber forces shading of prices
in spite of the large demand. Philadelphia
has a very healthy trade in leather and
: boots and shoes, with quite retail 'boom,"
a quiet dry goods market, worsted and
5 women's goods being in fair demand, quiet
in groceries, paper, printing and drugs and
chemicals, a demand exceeding supply for
/ Sumatra and Havana tobacco, and good
iron and coal trades. Chicago has receipts
] exceeding last year in grain, meats, hides
and wool, and larger sales OF dry goods;
/ the fall clothing trade opens well, and the
trade is. excellent. and In general the
: prospect is good for more than the
f usual fall trade. st. Louis reports trade
e of large volume in nearly all lines, with
prospects improving. Minneapolis lumber
manufacture surpasses previous seasons
though the -four demand is weak, and ST.
Paul notes better trade with bright crop
n prospects. Milwaukee finds the best of
II crop weather helping trade, and at Omaha
It business is active. Speedy settlement of
II strikes at Denver is expected, and business
is good, but at Detroit strikes still curtail
local trade and wool moves slowly. Pitts
burgh notes some sagging in the iron and
q steel market, and window glass works have
Z closed for the season, but. flint glass Is &C
}, tive. Other western and southern reports
u are of the same general tenor: better
{, weather and brighter crop prospects slim
ulate trade in all directions, and collec-
q tions are good.
a The great industries are waiting action
IN Congress which is by many expected to
b give them new impetus. But iron is
&c fairly steady at about Sl7 for southern and
SIS for northern No. l, and sales of rails
are at S31 for large orders, deliveries to
June lst this year having been 59S, DOC
IS tons. The wool market shows some signs
~ of reaction, prices having gone beyond the
ic ability of manufacturers to consume with
d profit until desired results from higher
nc duties on goods have been realized, and as
this cannot be for some time to come, the
10 tendency is to wait. except as to wool
le suited for worsteds and lightweight
e women's goods. The cotton manufactures
y, waits the departure of artificial speculative
/ prices for cotton, which has declined only
IN sixteenth during the week. In all its de
partments, the business in hides, leather
Us and boots and shoes is active and promis-
Il. ing, with better prices maintained Cop
VI per advances, production here having beer
ne overtaken by consumption in the opinion
gu of many; lead is quiet but strong; tin /!
iC weaker abroad and here, and there Is {
III stronger tone in the coal market, with ex
pectation of an advance in prices July l.
W LIE SUdUc Ol bTduS Is IOE but
Y, season. Exports of breadstuffs, provis
r. ions, cotton. petroleum and cattle for Ma
he amounted TO $50, 4l2 S14, or per cent. NOR
en- than last year, in spite of great decreas
N in cotton, all other items gaining Fo
en- three weeks of June exports from New
h York show decrease compared with las
e year of rs per cent, and meanwhile i'm
nd ports, being temporarily swelled by pros
lie. pect CT higher duties. exceed last years b.
IN 20.6 per cent. But at this season some ex
cess of imports is usual, and in shor
so time new and large crops will begin I
a come forward. Wheat has declined
at quarter for the week, with no change il
ut corn, and with pork % cents per barre
he lower. The alleged market for coffee
ng unchanged, and oil is shade higher, wit
ire butter and eggs, but sugar has declined a
he eighth for raw and refined.
he Sugar trust certificates have dropped !
lhe cents for the week, In spite of larger dutie
nd on refined reported in the Senate tart
nd bill, and other trustStocks have been veal
ng But the market for railroad securities hs
en- also tended downward, in part because
The exports of gold and an idea that free silvC
ars coinage might cause disturbance, but MOI
the because the war over east-bound freigl
lie, rates does not get settled, and the Grau
Trunk competition grows more seriou
al The earnings of railways nevertheless COZ
IL time very large, and reflect the great il
Us, crease in business throughout the countr
US as the clearings through banks outsiC
lily New York, which exceed last years. for Il
TO latest week by 15.6 per cent Prices CO.
Mt tinue low, with little change except in ve
dy etaole and dairy products. The none
ne, market here has been steady at 4 per cen
OF on cali, and the treasury has disburse
Tin during the week 81 400, 900 more than it h;
ion taken in, while all the interior money mai
ity kets are well supplied
en- The business failures occurring through
ed out the country during the past seven day
IDS as reported to X. G. Dun g. Co., numbe
,si- for the United States, MS, aud for Canad;
of 81, or total of 1919, as compared with tot,
sx of 2l2 last week, and 205 the week previol
ch to the last For the corresponding week
tn. last year the figures were 800, representa-
in 1876 failures in the United States, and %
lhs the Dominion of Canada.
nd "
ia Bowman & Lowd, in the Opera Hou
rs building, have for sale property on nor
he Main street with frontage of from for
mt feet up to one hundred feet. Good tern
of and low price.