The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-12-13
FINANCE AND MINING
There Is No Change in the Lead
Market.
THE ORE AND BULLION OUTPUT
Business Is Improving in the East and the
Wave VIII Soon Reach This
City-The Mines.

Business has been fairly active during
the week. There has not been the rush
which has heretofore preceded holidays at
this season, but 1t Is expected that the
coming week will see marked improve
ment in all lines of trade.
The real estate market seems to be
comatose.
The building trades are fairly active.
Mining Is prosecuted with energy in
every camp in the territory.
The lull in business cannot last very
much longer. The eastern cities were the
first to feel the depression, and they appear
TO be the first to recover from its effects.
The one sign of unfavorable character is
that collections al some points are slower
and harder than usual. particularly where
the low price Of cotton leads holders to
defer selling as long as possible But at the
pdiDcipal western points, Chicago, St.
Louis, Cincinnati and St Paul, collections
are very satisfactory, the larger trade
centres reporting most favorably in that
respect, and there is less difficulty at east
ern cities, though at the south some embar-
rassment continues. Money is not partic-
ularly stringent anywhere, though rather
close at Nashville and Montgomery. The
official reports show that the volume of all
kinds of currency in actual circulation was
s., 577, 600 900 on December l, against
81 So, 000 900 November l, and 81 sos, 600, 900
a year ago. The increase both for the
month and for the year has been mainly in
the form of gold certificates and new treas
ury notes.
Other cities report as follows: At Bos-
ton merchandise is fally active and the dry
goods trade especially satisfactory for holt
day goods, but more active in all lines.
The sales of wool amount to 3.7lS.000
pounds for the week. Boot and shoe fac
tories are fairly employed. At Hartford
woolens improve a little, but cottons are
dull. At Philadelphia the grocery trade is
active, the trade in liquors and tobacco
fair. Many branches of the wooden manu-
facture are thriving, but sales of dry goods
are hardly up to the average, traders being
very conservative. At Baltimore retail
trade is quite active, ana at Pittsburg
some improvement is seen in iron, while at
Cleveland trade is active with more de-
mand for money. At Cincinnati clothing
and dry goods are active. At Detroit the
demand for iron lessons, but general trade
is fully equal to last years. At Chicago
receipts of -four are slightly more than q
year ago, of dressed beef and oats a
third more, of wheat three times and of rye
four times as large, but slight decrease is
seen in barley, decrease of a quarter IN
cured meats, third in lard and wool, and
one half in cheese. Sales of dry goods,
clothing, and boots and shoes much exceed
last years, and collections are unusually
good. Trade at Milwaukee is uniformly
good, at St. Paul larger than q year ago,
and at Duluth sales are large for the sea
son. At Minneapolis the output of -four is
49, 900 barrels, against los, 900 last year
the receipt of wheat in three mouths q
million bushels against u million bushels
a year ago. Cold weather has stimulated
trade al St Louis and there is strong de
mand, especially for holiday goods Al
Kansas City and Denver trade is very fair
AT Memphis and Nashville, as at mos,
other southern points, the low price Of
cotton causes a setback and business is
only fair, though at Richmond improving
with the tobacco sactinns