The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-01-24
FINANCE AND MINING
The Eastern Flow of Prosperity
Heading This Way.
THE RICH ORE FROM THE UTAH
Ore and Bullion-Lead and Silver Quotations
News From Many Of the Mines
I'm Utah

Business during the week just passed
has been fair only as a general rule, al
though there are some branches which re-
port an increase over the previous month.
There has been quite an awakening in
real estate circles since the first of the
year, several very important sales having
been made during the past three weeks.
These have all been chronicled by The
HERALD. Dealers are inclined TO be much
more hopeful now than they We're two
months ago: while not looking for boom,
they are confident that revival in real
estate matters is beyond question.
From nearly all the principal cities of the
country, especially in the east, come re-
ports showing big increases in the clearing
house returns, which indicate clearly re-
vIval in business. That the financial wave
is flowing rapidly westward there can be
no doubt Eastern cities and centres of
trade that were characterized as being
''dull'' last fall are now quoted as lively
and the stringency felt in Salt Lake and
other western cities ard towns for the last
few months will soon be thing of the past.
New York advices say that the exports in
December were probably the largest ever
known. No increase appears in cotton
and exports of provisions, cattle and
oil were slightly less than year ago; but
a gain of $50, 100000 appears in breadstufs,
making the net in crease in principal items
ST., SAC, S54, or nearly % per cent. The ex-
ports of flour increased 30 per cent, and
the exports of wheat were Is. 600 900 bush
els against 4, 500, 900 bushels last year,
while the exports of cotton are Is, 000,0 900
pounds greater in quantity, though no in
crease appears in value, owing to low
prices. These enormous exports over
shadow all other features in tie CONNER
cial situation. They ensure large supplies
of money if ever needed, but at pres
well supplied, except at southern
points, and better supplied there
than month ago. From points
outside of New York comes the following
reports OF the business situation: Bad
weather checks business at Boston and
dry goods are quiet, wool sales amounting
TO 1905, 600 pounds, and boot and shoe man
facturers are fairly busy. The trade in
leather is moderate, in hides dull and in
lumber the movement is steady. At Hart
ford, wool is less active, the grocery trade
fair, and trade in dry goods and hardware
quiet. At Philadelphia no change appears
in the important branches Of trade, but the
number of buildings during the past year
is 9. 135 against 10, SIG for the previous year.
and the value 50, 100000 against SIS, 900, 600.
At Baltimore exports of breadstuffs for the
last six months of the year 1891 were in
value Sl55, $50, 1913, a gain of more than
100000 over the previous year. Pittsburg
reports no change in the iron market,
though prices for finished iron are
growing stronger. AT Cincinnati, to-
bacco is in active demand, and free
orders are noticed for boots and shoes. At
Cleveland trade is larger than year ago,
though in some lines inactive and the tide
seems to have turned in pig iron and ore
AT Chicago, sales Of dry goods, clothing
and shoes are larger than year ago, some
increase is seen in barley, % per cent. in
in cattle, third in flour, corn, oats and
hides, while receipts of wheat and dressed
beef are double last years, but decrease
appears in cured meats, lard and cheese
and in wool receipts are only half as large
as year ago. Trade at st. Louis is helped
by colder weather, and also at Milwaukee
and st. Paul; at Minneapolis the -four out
put is lis, 600 barrels for the week. against
10000 year ago. and at Duluth sales in
1891 amounted to S2O000,0 600. At Nashville
trade is quiet and money easier, and at
Little Rock and Montgomery trade is dull
while at New Orleans cotton shows some
improvement and sugar is steady, with
money in more active demand. Depression
of business at the south on account of the
low price Of cotton still continues.