The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-10-18
FINANCE AND MINING
Lead and Silver Show Downward
Tendencies.
BIG ORE AND BULLION OUTPUT
Business Improving, Both at Home and
Abroad-News From Many Utah Mines
A Pleasing Outlook.

The week just closed has been very fair
one in business haunts. Trade generally
is slightly under that of last year at the
same time, yet it is quite satisfactory, and
shows slight improvement almost daily.
The fall trade has only just begun, and our
merchants are of the belief that from now
on and until the holidays noticeable in
crease may be confidently expected. City
collections are reported as somewhat i'm
proved, and remittances from the country
are more satisfactory than they have been
for some time past.
So far as other cities and towns are con-
cerned, from all parts of the west and south
come advices that business is gradually i'm
proving, and general awakening is notice
able in eastern cities. Dun & Co. say there
is most encouraging absence in any trade
Of that speculative excitement and over
confidence which is so often presage of
disaster. Failures, il is true, are rather
numerous, but are in nearly all cases the
results of a long-continued commercial
strain since the foreign disasters of last
November. 1t is true that prices Of nearly
all manufactured products are low, and the
margin for profit very narrow, while the
competition is severe; but the volume of
trade is larger than in any previous year,
in spite of the fact that some branches of
business are retarded. So far as the chief
industries are concerned, the outlook is
most decidedly favorable. Wet weather in
the extreme northwest has damaged crops
to some extent and the lack of labor is a
serious disadvantage at many points, but
beyond doubt the years yield has been
enormous. From the big trade centres Of
the east, the following reports have been
received: Boston reports good business,
ample supplies of money and more inquiry
for boots and shoes, with leather selling
quite freely at full prices. At Philadelphia
hardware Is fairly active and more inquiry
is seen for iron; woolis firm with less pres
sure to SELL and boots and shoes are selling
more freely, with fair trade in hides and
| leather. Large orders are reported for wall
paper, chemicals are steady, and groceries
in better demand. Tobacco sells more
freely, but paints and oils are less active.
! Dry goods iobbers are fairly busy and good
sized orders for spring materials are re-
ported. At Cincinnati and Cleveland fair
activity is noted, and at Chicago trade thus
far this year exceeds that of all previous
years, sales of clothing and shoes being
large, but of dry goods q little less than q
year ago. The weeks receipts of whea,
are four times last years, Of rye ten times,
and of wool double, with increase in dressed
beef and hides, but decrease in other arti-
cles. Trade is improving at Omaha, al
Minneapolis, where lumber advances with
unprecedented sales, and -four mills are
fully employed, the output last week being
the largest on record, at St, Louis, where
the demand for money shows strong trade
in most lines, at Kansas City, where better
weather gives steady Improvement, and a
Denver. At the south the improvement ii
also general, and heavy receipts of cottor
are noted at Savannah, Charleston, Calves
ton and New Orleans.
In Salt Lake, the realty market is decid
edly fat; the stock market is quiet, bu
considerable building is going on.