The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-10-12
Trade In the East.

Never before has there been in any month
so great an increase in the circulation or 80
large payment of public debt as in the
month just closed. The aggregate circula-
ton is now 81 ,49S, or, 100, having increased
$50, 0O9, 767 in September Money markets
in all parts of the country have turned to
greater ease. Even in regard to the short
ness of crops less is heard of late, and there
is growing impression that the loss may
have been to some extent exaggerated.
Conditions also favor abroad, and the Bank
of England has declined TO raise its rate.
OF the magnitude of domestic trade, 1T
appears that actual payments through clear
ing houses outside of New York were, in
September, 161S per cent greater than last
year. The earnings of railroads, as far as
reported for September, show gain over
last year OF IA per cent, and the move
ment of cattle and of cotton is particularly
heavy. At Chicago cattle receipts in Sep
TENDER were the largest ever known for
that month. Receipts and exports OF COT
ton both were much above last years, and
in spite of the short crop the movement OF
oats also exceeds, while the decrease In
whea, and corn is partly balanced by in
crease in -four The sales Of wool at BoS
ton exceeded 100000 pounds last week.
These items respecting the larger trades
accord with accounts ia nearly all cities,
which continue highly favorable. Boston
notes healthy and encouraging trade IN
New England, boot and shoe trade so ex
ceptionally large in heavy goods that fac
tories are crowded, with more demand for
spring goods, leather and domestic hides
quiet but strong, lumber in better demand,
and wool manufacturers much encouraged.
Philadelphia reports more confidence and
much improvement in wool, fair trade IN
tobacco, liquors and drugs, and some chem
icals advancing. Chicago notes, besides
heavy receipts of grain, meats and cattle,
larger trade in dry goods than last year
with prompt collections, and the same in
boots and shoes, and larger trade but not
so prompt collections in clothing. ST, Louis
notes unusual activity in all lines, with the
dry goods trade exceeding any previous
year. Cincinnati reports very liberal
orders for clothing, good trade in tobacco
at favorable prices, and heavy movement
of fruits and produce on account OF local
scarcity. Milwaukee notes very good trade,
| the clothierS especially being unable to NIL
unexpectedly heavy country orders. AT
Savannah trade is very brisk, at st. Paul
and Minneapolis, Omaha, Denver and Kan
sas City it is very good, at Detroit peter
than last year in some lines, and at Pitts
burg large in volume and strong in tone for
| finished iron and glass, but less strong Tor
pig iron and rails, and for glass chimneys.
Many works there are hurrying prepare
| tions to turn out tin plates.
The details given show that in all parts OF
the country, and in all important branches
of business, there is phenomenal activity,
and nevertheless there is comparative free
dom from speculative excitement or distur'
Dances. The general soundness Of trade is
shown by the reports of failures, which
for the third quarter of 1890 were smaller
in number and amount Of liabilities than
for the same quarter of 1889, though IL
Canada rather larger in both respects
The decrease in number in the United
States was small, 2, 1856 this year against
2,276 last year, but the liabilities were bu
s35, 452, 436 against s39, 227, 045 last year
showing a decrease in the average for eacf
firm failing.
The business failures occurring through
out the country during the past seven days
as reported to r. G. Dun & Co., show, fol
the United States, 166, and for Canada, 81
or total of 1917, as compared with tota
of 219 last week, and 100 the week previous
to the last. For the corresponding week o
last year the figures were 206, representing
III failures in the United States, and 81 il
the Dominion Of Canada.