The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-11-02
Trade In the East.

Business in New York continues large in
volume and generally profitable.
Boston finds the boot and shoe trade en-
couraging. and prices In that line are firm,
while leather is unchanged and the trade in
hides is quiet. Sales of wool are rather
large, amounting to 1854, 800 pounds, but
there is distinct improvement in the
market for wooden goods, and manufacture
ers are more hopeful. Cotton goods are
firm in price, while the raw material de-
clines. At Philadelphia the liquor trade is
good, the trade in chemicals is fair in
volume, and the paint business is good,
Whlle money has become easy at 619 to
per cent, and collections are on the whole
satisfactory. At Chicago there is marked
decrease IN receipts of cured meats, dressed
beef, lard, butter, and hides, but in cheese
business continues larger than q year
ago, with satisfactory collections in dry
goods and clothing. At St Louis the
state Of business is healthy, and while
money is rather scarce, there is no trouble
about collections. The volume of business
at Cleveland is much above last years,
especiallyin dry goods and clothing, though
the unfavorable weather retards trade to
some extent, and at Pittsburg the manu-
lower prices are quoted for Bessemer steel
and blooms
1t is remarkable feature of returns this
year that the western cities appear TO pros
per without the slightest regard to the con-
dition of business on the seaboard. At
Milwaukee trade is satisfactory and money
unusually active at to per cent, at ST.
Paul trade is excellent, and at Minneapolis
receipts of wheat reach 100000 bushels,
ic NV ot
Denver good. There is rather more indi-
cation of monetary pressure at southern
centres, and at Savannah receipts of SO, 434
bales Of cotton and large receipts of rosin
| and turpentine make money tight, but bust
ness is dull at Jacksonville, and only fairly
| active in the Louisiana region. The money
markets are on the whole less disturbed
than they were week ago, but there is an
increasing scarcity of funds at some of the
western and southern centres.
The most important industries are doing
well. The demand for boots and shoes con-
tinues encouraging, and advances in prices
of hides and leather are maintained. The
sales of wool at Boston are 4, 1854 300 for the
week, and at Philadelphia and New York
there is an increasing demand with some
stiffening in prices. The iron business is
hesitating, because an unprecedented con-
sumption is apparently overmatched by an
unprecedented production, and Bessemer
iron is weak at Pittsburg and Philadelphia.
But the demand for all finished products
continues so large that the capacity of the
mills seems to be strained to the utmost,
and while no advance in prices is reported,
the market is everywhere strong.
The markets for breadstuffs continue to
advance. Wheat has risen rs cents dur
ing the week, corn nearly cent, and oats
nearly 2 cents. The foreign demand af-
fords no support to this speculation, and
the exports are far below those of the cor
responding weeks last year. The market
for cotton has yielded sixteenth, and
while exports are very heavy, the reports
indicate the largest crop ever grown. Hogs
are steady, and pork shade lower, but it
may be fairly said that the speculative
markets, though rather less excited than
usual, are at this time singularly unrelia-
BILE as measure of values.
The business failures occurring through
out the country during the last seven days,
as reported to r. @. Dun & Co., number,
for the United States. 203, and for Canada,
%. or a total of 225, as compared with a to,
tai of 227 last week, and 2l5 the week pre-
vious to the last. For the corresponding
week of last year the figures were Dos, rep
resenting 1SS failures in the United States
and 81 in the Dominion of Canada.