The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-02-08

talnty regarding the monetary future
causes some hesitation, especially as TO new
undertakings, but there is underneath an
Astounding confidence that in some way the
1ertlle genius OF the people and the meas
ureless resources of the country will meet
every dlfhculty. So strong is this feeling
tnat 1t Is often hard to realize that the
pressure and anxiety of November and De-
cemoer lasted until within thirty days.
But there, are some grounds for caution
still.
Inc dry goods trade is on the whole very
satisfactory for the season, and while buy
Ing Is conservative, both in cottons and
Woolens, and prices are low enough to en-
parrass some branches of production, the
trade is clearly on a more healthy basis. as
wei as larger In volume, than it was year
ago. Inc increasing demand for wool,
lhough still confined to actual needs for
consumption, proves that the current
prices, low as they are, do not arrest pro-
ductlon. Trade in booUs and shoes and
leabher Is somewhat retarded by monetary
uncertainties, and there is besides some
reason TO suppose that consumption will
not be quite up to expectations, for at Bos-
TON IL Is the fact that, Notwithstanding the
recent attempted advance, heavy goods are
seiilng at last years prices, orders are not
Iull, and domestic hides are weaker again
sales In thes northwest, judging from Chi
cago reports, appear to exceed last years,
but 1t Is doubtful whether eastern sales are
larger, and from Philadelphia and lialti-
more come some indications that southern
sales may not be as large In the manu-
Iacture ana sale of machinery, implements
ana TOOLS, business seems to be larger than
ever, and while copper, tin and lead are all
a shade lower for the week, the consump-
tlon OF each is very heavy.
accounts from southern cities indicate
wit i,,,,,, A.
lanta and slight improvement at Jackson
Vllle, but increasing receipts and lower
prices for cotton at New Orleans At St.
Louis business is apparently strong, and
pulldlng promises to begin earlier than
usual; at Kansas City and Denver trade is
1alr, at Omaha dull but at st. Paul excel
lent, snow having helped, and the flour
trade at Minneapolis is aided by the rise in
wheat. The lumber trade there is good
though logging in the northwest is embar-
raised by lack OF snow at many points. AT
CINCINNATI manufacturers are active, es-
peclally IN machinery; at Detroit iron is
weak, but at Cleveland in good demand,
and at Pittsburg there is no especial
change, though the glass trade is rather
dull. Chicago notes larger trade than a
year ago in nearly everything excepting
dressed beef, the gains in hides and wool
being especially heavy, and in dry goods
ana clothing sales are increased with better
collections. Throughout the northwest it
is noteworthy that country banks are well
supplied with money, and while the de-
mand is brisk at Chicago, the market is
easier. At Boston the same situation
exists, though bad weather interferes some
with business.
The business failures occurring through
out the country during the last seven days,
as reported to r. G. Dun & Co., number,
for the United Ststes, 27S, and for Canada,
AZ, or a total of 800, as compared with a
total of $50 last week, and All the week
previous to the last. For the correspond
ing week of last year the figures were 291,
representing 246 failures in the United
States, and IS in the Dominion of Canada