The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-05-10
Trade in the East.

Business in New Yorkis large in volume
and sustained by general confidence as to
the future. Il is an encouraging symptom
that the market for breadstuffs has broken,
and wheat is nearly cents per bushel
lower than week ago, oats 2 cents and
corn ~ cents lower. The failure and dis
appearance of the most conspicuous trader
at Chicago makes it probable that the mar
ket may hereafter represent more nearly
the legitimate trade. Wheat and -four ex-
ports from Atlantic ports continue far be-
hind those Of last year, and while reports
OF foreign crop prospects are not favorable,
there is really no reason to anticipate any
shortage or unusual demand from abroad,
prior TO the close of the current crop year.
The possible demand next year has to meet
it an exceptionally favorable crop outlook.
The reports of trade at other cities are on
the whole more favorable than a week ago
Boston Ends general business better, though
the sales of wool are comparatively small
Milder weather has helped retail trade, and
while the leather trade is quiet, boot and
shoe jobbers receive more encouraging re-
ports, and hope for an active fall demand.
At Pittsbu the glass business is active.
and Bessemer iron IS so cents higher. The
Cleveland market is active, but money is
In good demand, and at Detroit the manu-
featuring Interests are sustained by a
strong demand. AT Cincinnati the dry
goods season has been brisk, and collections
are about as usual. At Chicago -four re-
ceipts are smaller than year ago, and
grain receipts about the same, but increase
appears ia cured meats, lard, butter.
dressed beef, and about 80 per cent in wool
Sales of dry goods are at least equal to last
years, with very satisfactory payments in
that branch, in shoes and in clothing.
Trade at other western and southern
points seems to be especially encouraging
this week. Better weather helps at almost
all western points, and at Milwaukee trade
was never better, at Omaha and St. Paul
very fair, at Minneapolis -four is dull. but
the lumber trade is active and at Omaha
fair weather helps business. Trade is
quiet at Kansas City, but improving at
Louisville, Nashville and Atlanta, with de-
cided strength at st. Louis, though for the
week barely fair at New Orleans
The great industries are in better shape.
1t is hopeful sign that notwithstanding
the addition of many furnaces, which have
been idle for a month or two, the price of
pig iron is fairly well sustained, and the de-
mand for finished products Of iron and steel
Is more encouraging. The wooden manu-
facture still hesitates, apparently because
the producers are inclined TO ask higher
prices for the new clip of wool than manu-
facturers can pay, but there ls belief that
the consuming demand for goods must be
as large as it ever has been in any previous
year, and the clothiers, though very eau
tious hitherto, begin to act upon that be-
lief. The shoe trade is still retarded bv
the uncertainty as to prices for the future
but is nevertheless fairly active
The business failures occurring through
out the country during the last seven DAYS.
as reported to r. 6. Dun g. Co., number for
the United States, 22S, and for Canada. %.
q total of 255, as compared with total of
247 last week, and 251 the week previous to
the last. For the corresponding week of
last year the figures were 211, represent
ing 1856 failures in the United States, and 26
In the Dominion of Canada.