Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-07-01
TRADE REVIEW.
Not an Altogether Assuring out.
look According 10 puon a a.,

I - u
New York, June sl.-R. q.
Dunn * Co.'s weekly review Of
trade will say that the prolonsei
uncertainties regarding legislation
EDd the continuance Of gold ex.
ports have had an unravorablr
effect upon business. While the
volume Of trade, as Indicated ~
| special reports, hy hank exchanges
IL the interior cities and by railroad
earnings, continues larger than In
the SINE month Of any previous
year, the prospect for the future is
/ rendered less satisfactory by indus
trial hesitation and by doubt in re-
gard 70 the monetary outlook. The
movement OF gold 70 Germany is
understood to he connected with
operations Of bankers In placing
heavy South American loans. but
cUlld hardly OCCUR, ever urdst tire
specia! circt clbtaagge, If there were
not on the part Of foreign capitalists
some realizing or Jess investment
than Usual IL Americas securities.
fndussriai Hesitation resuiLs iIusal
the delay of legislation and in
creased uncertainty regarding the
outcome. Wool Is distinctly weaker
in the interior and at eastern mar
kets, and disposition is shown 10
meet the needs Of manufacturing
But the latter buy spariugly, and !
many knis goods and flannel works /
are shutting down, cashmere works /
are badly supplied with orders, and, !
while makers Of dress goods and /
wogstcds srs IN Ss'ter position, their I
oatlocb is
NOT ENTIRELY SATISFACTORY.
1t is felt that the greater part of a /
year will now be required 10 clear
the markets OF supplies Of foreign
goods under present duties even II |
the proposed tarifrshould be adopted.
This uncertainty also affects estim-
ates Of the future demand for iron,
and the continued addition Of new
furnaces weakens that market rarge
transactions fl STRUCTURAL iron anu
rs.iB have been closed, but without
strengthening prices. In the bOotanj
snOe business, while higher prices
are asked and obtained, confidence
as 10 the future seems les strong,
anu the cotton manufacturer finds
the material too high f0- goods ii
present prices The general level Of
prices is lower. in IaTt because Of !
reaction from the many speculations
which the prospect Of unlimited
silver coinage gugVndered. The de-
feat Of that measure I'm the HOUSE Z
leaves sonic doubt whether ans
between th- two HCcss-s
viii b. fcilhd PRACTICABLE, aud this
has n chilling influence on many
populations, hut n the same time
lessons the anxiety felt n. some
centers. II
BUSINESS AT OTHER CITIES
is well maintained for the season.
and the exceedingly confident tone
hitherto prevailing does not az all
lbaie. II there are Possibilities of
disappointment, they 10 not seem |
10 b. realize! as vet. In II! the re-
ports whether from toe north or
south there Is a noteworthy absence
II complaint about collections. and
money marsgts are fully supplied.
Sold exports have Caused no change
m call rates here. lat the banks
nave iut small reserve !GT mid
.ummcF, The treasury has taken
n cnly 500. r'1 more than i has
AIKEN ont, aud the merchandise tN-
IoTts here are larger, showing Tor
lie n0uth-tisus lar an increase o. :
light per cent over last year. I ,
the excess Uj imports (,
iver exports FOX tine month will De 4.
leavy, probably far exceeding that f.
4 May. which was over SIS. UJJ.J3l.
The continued depression in stocks
md the failure thus far 70 settle A.,
abroad wars tend to discourage !
oreign investors, upon whom the !
about silver legislation :
,l~o has some influence. Failures
iuring the last seven days for the d
United States were lis. for Canals
., total 2J2. compared with 1870 las. :
week. For the corresponding week
4 lSs9, tile figures were lslin the !.
United States and in Cauada.