The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-04-12
Trade in the East.

The actual condition Of business in New
York does not improve, however hopeful
the anticipations warranted. Unfavorable
weather has prevailed over a wide
area, affecting local trade and making
country roads still more difficult. Labor
troubles are becoming an important factor,
strikes having begun at many localities in
the building trades, and the great coke
strike having resulted IN riots and
the calling out of troops. In Massachusetts,
notices are posted in many mills proposing
wages per hour IN future, on account of a
bill pending in the legislature restricting
the working hours to hfty-three per week.
The volume Of all kinds of money in cir
culation is 81 ga, l45 greater than month
ago, and Sl2, ,412 greater than a year
ago Practically the entire increase in
March has been in silver certificates and
new silver notes, and the amount Of gold
certificates out has been reduced by ex-
ports of coin. Money is temporarily closer
at some points on account Of the April set
Elements, but at nearly all the interior
markets quiet and comparatively easy.
Omaha and Cincinnati note little close
ness, and there is good demand at
Chicago and Cleveland. The collections
are quite generally slow and un-
satisfactory, improvements being noted
hardly anywhere, but the state OF
roads is usually recognized as a prominent
cause. The failures for the first quarter of
1881 have been 3,545 in number, against
:. 223 last year, and the liabilities, 81, 167,
63l. against S37, $50, 1913, in the United
States, but more than the entire increase
both in number and liabilities, appears in
the southern states alone. The eastern and
middle states report fewer failures and
smaller liabilities than last year. but the
western states report nearly as much in
crease. Ia Canada the number of failures
has been 575, against 635 last year. but the
liabilities So, 04S, pa, against S., 500 $40 last
year.
Trade at Boston has been quiet, with
lumber in more active demand and spruce
higher, but boots and shoes are slow, the
leather trade is moderate, and hides are
weak Cotton goods are quiet in first
hands, but fairly active for jobbers. The
movement of mems woolens is unsatis-
factory, and tradei in wool is moderate, with
Australian still in especial demand. Phila-
delphia notes slow collections in most
lines, wool quiet, with liquors, to-
bacco and iewelry, trade in chemicals fair
but in paints light ana in shoes troubled by
slow collections, though prospects are con-
sidered good. Pittsburg notes no i'm
portant change, and Cleveland only fail
trade. with Cincinnati, Louisville, ST
,ouis and Kansas City in the same con.
III.
years, and collections very dull, blu,
makers and iobbers of implements nots
excellent prospects, sales exceeding las
years with fair collections. Chicago OBJ
serves increase over last year in RECEIPTS OF
grain and cheese and so per cent. IN wool
no change in cured meats and hides, anC
decrease in flour, lard, butter, and so pei
cent. in dressed beef. Merchandise moves
more slowly than few weeks ago on &C
count of bad roads. Memphis finds trade
DOT yet near the normal, but at Atlanta i
s improving, and at New Orleans, where
sugar is active at lower prices, rice scarce
and cotton quiet Bad weather affects
trade at Montgomery, and at Jacksonville
there are fears of disastrous spring an(
summer trade.
Iron does not mend at all, for in conf
dence that strikes will soon end consumer
IRE waiting The lowest prices on record
are made by some works for bar iron, anc
CONSTITUTIONAL moves slowly, while wrough
pipe is terribly demoralized. Pig iron il
duller than for years, and buyers generally
hold off as to rails, disliking to help tn,
combination. Coal is fat, official price
being about Is cents above last year, bu
with some cutting. A better tone is seel
10 copper, and speculation has advanced
tin and lead a shade. The wool
en- manufacture is doing fairly, bu
reports from the west are that grower
look for high prices on the new clip O
wool, which the present market for good
does not warrant. The boot and shoe trad,