The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-06-15
TRADE IN THE EAST.
Indications in New York Regarding Legiti-
mate Business Continue Encouraging.

All indications regarding legitimate
business continue encouraging. At the
same time there is a renewal of speculative
excitement based on the prospect that a
silver bill will speedily pass both Houses,
and in such form that executive approval
can be expected. II is difficult at times to
distinguish between the merely speculative
and the more substantial Improvement,
but in this instance there is no room to
doubt that the conditions are improving for
productive industries, and for legitimate
trade. Crop prospects have frightened
wonderfully, and those who look for better
times are no longer forced to account for q
hopeful and confident tone in the face of a
short crop outlook. The general average
of prices has not been affected much as vet,
but has turned upward, and manufactured
products with breadstuffs show general
tendency to advance.
The reports from other cities are, almost
without exception, favorable. Boston
notes not much change, but higher prices
obtained for boots and shoes, with even
more advance in hides and leather, and
large sales. Wool is quiet but firm, and
manufacturers are looking for some ad-
vance on light weight goods Cotton goods
hold the late advance, and lumber is firm
with good business. Philadelphia has re-
ported three mill failures in the neighbor-
hood, and go per cent of the spindles are
idle, but the situation in wool is one of
waiting. Iron improves, coal stiffens, the
liquor trade is more active, and the leather
and boot and shoe trades are pleased. In
building, May showed a decline of more
than a third from last year. Pittsburg
notes improvement in iron, and no expecta-
ton of trouble about the new scale Of
wages. Cleveland finds trade good and iron
| improving, and at Detroit trade brightens
with crop prospects. In general, through
out the west the rains have made the out
| look very much brighter, and business
everywhere improves accordingly. Chicago
| notes increase in movement of all grains
and meats, better trade in dry goods, and
fairly good N boots and shoes, with good
payments III all. st. Louis finds the situa-
tion generally favol-hle. with bar clear
ings exceeding all past fsea1lcfsss ~Ss AZ es1Tzs
waukee, St. Paul, Kansas City and Omaha,
! the Improvement in crop prospects stimu-
| lates trade. At Salt Lake, trade is active
for the season, with real estate firm; and
at Memphis decided gainin the cotton pros
poets gives new activity.
The great industries show clearly the
general tendency toward Improvement.
The wool manufacture does not improve
so clearly and sales at Boston last week
were but /, $4,000 pounds, but there is dis
tinctly more confidence that some improve
ment in prices Of goods which are now sub
iected to foreign competition may be real
lied if the House tariff bill passes the Sen
ate also. The cotton manufacture con-
tinues fairly active, and decline in raw
cotton during the week has helped a little.
The business failures occurring through
out the country during the last seven days,
as reported to r. G.. Dun 81 Co., number,
for the United States, 179, and for Canada,
%, or total Of POS failures, as compared
with 21S last week, and 222 the week previ-
Gus to the last. For the corresponding
week of last year the figures were 225,
representing 200 failures in the United
States, and % in the Dominion of Canada.