The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-09-14
Trade in the East.

The accounts OF trade from all parts Of
the country are encouraging. At Boston
the money market is pretty stiff, which af-
fects some trades, but the demand for boots
and shoes is active at the recent rise of ten
to twenty cents per pair, leather is more
quiet and hides firm, and the demand for
lumber very fair. AT Philadelphia the
liquor trade is active, chemicals in fair de-
mand, and drugs and tobacco quiet, but the
business in dry goods decidedly exceeds
last years, the sales of leather are large at
better prices, the paper and printing trades
are satisfactory, and collections improve.
Chicago reports smaller receipts of gram
than last year, except of barley, a decrease
of half in dressed beef, because of the stock
yards strike, and large decreasein butter,
but an increase Of 3S per cent, in cured
meats, 200 per cent. III lard, and u heavy
increase in cheese and wool. while merchan
disc, and especially dry goods sales, much
exceed last years. ST Louis notes good
trade in nearly ali lines, with crop pros
poets somewhat improved, Cincinnati hnds
business favorable, excellent in boots and
shoes, and healthy in other merchandise,
with advance in groceries; the carriage
manufacture is active, and some decrease
from last year in sales of clothing Is more
than compensated by better prices. Trade
is fairly good in nearly all lines at Cieve-
land, encouraging at Detroit, better than
was anticipated at Milwaukee, unchanged
at st. Paul, and fair at Kansas City. From
Jacksonville there come brighter reports,
and at Savannah business is brisk, receipts
of cotton for the week being 81 800 bales.
| The spectators or some of the peo-
| pie who have been bulling wheat observe a
loss OF cents for the week, in corn cents,
/ ant AZ ,ar.fc NOR
and in hogs 80 cents per 100 pounds, While
oil is u cents lower and cotton y cent
The sales have been but moderate; 26,0Oo,-
600 bushels wheat, 900, 900 bushels corn,
$50, 00e bales cotton, and 100, 600 bags co Zee
without change in price. Prices generally
have been so high that exports have been
materially diminished, the value sent from
New Y or'k for the last week being g., 800 200,
or 80 per cent below last year. The gen
erai average of prices yields less than the
prices of speculative objects which have
been unnaturally advanced, and of leather
goods and some other manufactures are
higher, but in the aggregate fall of ] y per
cent. appears.
It is the prevailing belief that the second
order by the treasury to purchase bonds
ensures fairly easy money market for the
fall. The volume of money in circulation
Increased S4.3o0,0O0 in August, and is
s45, 900, 900 greater than a year ago. But il
is not to be forgotten that interior money
markets are growing more stringent. as the
extraordinary demands arising from the un
lprecedented volume of business are realized
Trade, in all branches taken together, is
certainly more than ten per cent. greater
than at this time last year, exclusive Of
speculative operations; about five per cent
of the increase being due to the advance II
prices since last year. and the rest to the
increase in quantities of products trans
ferred. Though commercial credits appeal
to be unusually healthy, a few failures arts
ing from speculation may cause some dis
turbance.
The business failures occurring through
out the country during the past seven days
as renorted to r. G. Dun & Co., number TO
the United States, 167, and for Canada, 80, o
total of 20S,as compared with total of IS
last week, and 1872 the week previous to TIN
last. For the corresponding week last yea
the figures were pol representing ia fail
ures in the United states, and twenty sevel
in the Dominion of Canada.