The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-05-11
A SOCIAL EVENT.
TRADE In THE EAST.
r. G. Dun Co.'s Review of the Business
Situation.

Situation.
Prospects of silver legislation having be-
| come less distinct, some of the speculative
markets in New York have reacted from
the recent advance. At the same time. the
outlook for industries and legitimate trade
is distinctly less favorable, owing to dam
age to wheat and cotton and labor disturb.
ances.
It is most encouraging that the labor
demonstrations have thus far led to no vio-
lence, and in number of cities the desire
| of employers to avoid strikes has caused
full or partial concessions. These have
plainly encouraged strikers elsewhere to
insist upon demands which EMPLOYERS saw
1t is not possible to concede, so that there
| is more prospect of prolonged and serious
controversy than there was week ago.
| As yet the markets for materials have not
been much affected, though sales of lumber
are restricted in some cities. Built is per-
celved that success of the movement is Ger
| tain to increase the cost of production in
many departments, the prices of many
necessaries, and the rents of buildings; a
change which will not conduce to business
| activity. Higher wages would at least en-
| able workers to purchase more freely, but
Will
not have that tendency. The immediate
prospect is that many Industries may be to
some extent disturbed for weeks to come.
The reports from other cities are gener-
ally favorable as to the volume of business.
and bank clearings show an increase over
| last year of 10 per cent. At Boston. wool
is stronger on some grades that are scarce,
and better demand is seen, sales reaching
$500, 600 pounds, and yet no Improvement
wi of nd ~, ~
goods, there or in New York. Difficulties
IN the clothing trade do not abate, and ap-
prehension of more failures causes uneasi-
ness in this and other cities. Leather is
stronger at Boston and Philadelphia, and
hides firm with domestic higher. the boot
and shoe trade being in good shape, with
some advances in price on new orders.
Chicago reports the usual increase in
movement of grain and meats, and increas-
ing sales OF dry goods, but a stagnant cloth
ing trade. St Louis notes fair distribution
in seasonable lines, and the trade at other
northwestern cities is generally fair or
brisk, though at Kansas City the activity
is mainly in grain and live stock. Cleve
land finds general business larger than q
| year ago, though there and at Pittsburg
manufactured iron is ''in the Dumps as to
prices.
But exports of all products from New
York are Is per cent. below last YEARS. for
April, while imports at New York showed
an increase OF Is per cent, facts which in
| dictate q heavy excess of imports over ex-
| ports for that month.
The business failures occurring through
out the country during the last seven DAYS.
as reported to r. G.. Dun & Co.. number
for the United States, 1S5. and for Canada.
20, or a total of 2ll failures, as compared
with 2lS last week, aud PA the week previ-
Gus to the last. For the corresponding
week of last year the figures were pa,
representing lS9 failures in the United
States, and % in The Dominion of Canada.