| Show 1 BUSINESS IN INI t DYING YEAR YEARs I s RECORD ONE 1 Unusual Commercial an and Manufacturing l Conditions Help Boost Prosperity rity OUTLOOK FLATTERING 1 Local and General Situation One Affording Basis for Optimistic Views throughout the state r retort OIt nn nil unusual holiday trade r tin till season eason and business in ht nearly ever branch of oC human hUnH endeavor has been beell more muro or 01 less above normal In Utah th the closing weeks of or the old tr This is a d for Cor as n a result insult of oC volume volum of ot business and re re- re rc-j rc ly hl high h I prices for the products t in various arlous lines of or In Industry y In the tho mining line for Instance some of ot the tho r m arc command commanding InS InS' 25 5 to per cent more C than usual This has res rc- rc s suited MUll in n increasing tho 1916 output rC-j rC of oC Ut Utah h mines 9 more than aa ns compared with the 1915 record year and the thc of Utah mines this year are ale 1110 1000 more than In 1915 It has been cen a prosperous y year vear Rr for t tho thu sugar U beet farmers with the prices 7 received for their bc beets ts gratifying in increased In- In Increased I crea creased The sugar iuar beet companies are aro t makin more sti sugar ur h- than usual and rei re receiving re- re i much higher prices price and dl i re Bends ate aie 1 e eXI expected to bo be augmented rite Iho chronicling of ot sales salos of ot short Dixie MOO wool at it 31 cents a pound is an nil Indicator Indi indi- I cator at ot what hat t tho tiro local t t fire aro doing In the theIa Ia way of or piling up increased In Increased in- in I creased profits this year a. a The Tile conspicuous conf Increase in the tho dall dally I k clearing hOll house receipts of or Salt Fall Lake Lak e is another motheL example In graphic figure figur S t language c spreading the news of tin the tho 0 comparative C enlarged trade trado conditions condition s In enl capital a Ild id this alto also is considered con con- a good barometer of tin tin- business busl busi ness nesI in ie l J throughout hout tho the lice Ucc- hive hi state stale Compared with the thc corresponding corre corre- n days last rear car tnt tat r recent recen cen t J dally increase is seldom om less tha than 1 and some om days th tho past nee week k U tt has alm almost st in n t twenty four t hours In Iu shat sharp contrast with the crashing break In Ia tine tin eastern t rn stock marl market et over ove r peace talk alk all during the past week tin th the e f I local rl 1 markets have c hl held their ground 1 I splendidly according to those In touch I with tho thu situation While there have hl e naturally been beell some declines In local loci 1 I securities yet et the hi break oak has never nove r c Conte n II ar Ilie he panic panic- line lint which ha has up up- up set Kit lt tit tin eastern rs IA for tor s several severa 1 I days clays The rue lo opal 1011 vil Issues hay have e situa j h n n but Iut little effect t c r the tho crash 1 in n t I t Wall sired i tr t. t The mf metal tal m IJ marker ct of or tl o a I country 11 have displayed cd no d definite o of or marked m drops However th the e J eastern market up UI o on n I I Friday and Indicated a a. strong comeback comeback come come- back bak spirit j i Ono of th the nations nation's recent troubles trouble a I 4 has hall been the car ear shortage In refer refer- 1 to ro this A Boston newspaper says 1 Julius JulIu chairman o of oC C Southern Pacific executive committee J returned from the coast const says I Bust Busi Bustness Business 1 lIe ness 8 all aln along tho the coast and throughout through I out California I is on levels le never be before be- be J I toro fore reached and in tho the wor words 18 of oC oat one e 4 of or s 's western officials limited limite d 4 only l' l by ability of or tho the railroads to fur tur furnish nish CATS cars rs This matter of or freight cars said saki Mr lr I Ms Is one cne about abou t which w a e e sincerely wish the tho public might be e better hettel Informed l The Tho shortage e e of or cars ars Is not tho the fault raull of ot the railroads rail rall- I roads If Ir we kept on hand hane equipment I j enough to meet all aU exigency ency business s 4 at tt the mn maximum peak the tho public would 1 e I be hc Justified In blank refusal to pa pay i rates that would yield any sort of or re return return re- re 1 turn on the capital required Shortage e of oC cars cars Is 15 not the Paul fault I c of the railroads It t Is due to great reat congestion con con- I e of cars at nt terminals on oft seaboard sea t hoard board We e u cant can't get ct rid 1111 of or tho the freight freigh t 1 when wo we S bet bd t It here herc We Vc have leaser se 1 1 additional piers In borough h of ot Brooklyn Brooklyn Brook Brook- lyn 11 at lath th street and nd on tn Staten Stalen Island There It Is nothing more that we can enn do 1 t. t It is a shortage of ocean ocein tonnage e no not t I if f cars nn and l railroad mil road facilities I In General As to bu business In general throughout through c out the country the thc Boston News ens en's BuI Bureau Bu flu I reau says S 'S I t The fhe I stock tock mn market lk t has ha h. had a mos most t I thorough h and beneficial liquidation 1 It t v will pro probably a h bo be a Ll long time e 1 It gets in to danger again from o t 1 People will J go slower There o will riot not l W br tl ti the l IJ i i i that there then c has been cen I s The shrewd operators will pIa play close clos o to th their lr box fur for n a while Thoy ho will wil 1 I ft wait for some definite w nJ from Eng EnS' c. c land F General ral trade trado has not as yet vet been bee een n c affected by b blaU talk laU of ot peace pence Statistics Statistic s s to hand are generally favor favor- t able Bank clearings are arc still beyond d I precedent anti and the labor situation i in is s I t I e I S 0 s t 1 r 1 I I 1 I 1 I t I I J I I I 4 1 1 J 1 I J I 4 4 e I e i 1 c I e t 1 1 1 I c I t I v 1 t I I c. c F c s t I I t better as 39 n a result of or voluntary a advances ad- ad i ad l- l vances In tt a In ratan many directions Industrial companies to In tho the States tate have made enormous profits durIng dur- dur I Ing In tho the last two years ears fine Tho accretion of or n wealth has hag put them linear in ill the strong strong- cst eat possible condition AVIth lIh peace I I some flome commodities would In all proba proba- tum tumble lo In price some plants dot do- do voted to tu tho the manufacture of ot munitions would woul be dismantled some dislocation of tt labor would result rosult and new now lems isms In n International trade would woul l be opened up but hut the momentum attained by h the tho great Industries of the country durin during the war period will carry them far be beyond the end 0 of tho the Will war After Arter tho rho necessary period of or readjustment It is conceivable that a period of oC groat business activity will ensue ba based d on onI s sounder conditions than those thosa existing durin during tho lino war With over O tons of ot unI unfilled un- un un un- filled steel ord lI on Its books the United States Stales Steel corporation is as assured ast as- as red of ot capacity nelt operations for tor some sometime t time time- timeto t to come even If ti It did not book I another order Production of ot the tine lend ing steel companies has been hard hit th the past six weeks h by the tho shortage of oC railroad C earn cars an and by tho the coal conI and coke colte situation This has naturally caused considerable le fulling behind Ir in scheduled Ached Ached- ales output and the accumulation of tt unfilled orders order Copper producers are sold far ahead Into next year at cr very high prices for tor forthe the red metal meta and huge 1 profits are ate as- as run carts d for months to ro come orne v heavy ca' ca 1 demand lei for cOpp copper in lt e expected pc to compensate In sonic some measure o nura uro for the e dc miu ili-miu nuu d f fc I r wa pur par poses Henry w CJe A. A t Co Cu So far as the stock market Is 18 concerned con con- corned a new stage inns has probably been reached coached namely the beginning of or re readjustment re- re a adjustment of ot affairs to a peace ba baste basis ls The demobilization of ot the rise great armies on both sides Rides ma may be bc a long wa way tray off orr offet y yet et ct world wide exhaustion means that tho the forces o of destruction arc are on the wane and that dawn awn of ot the new note era Is close at hand While hUe tho the worlds world's fi financial financial fi- fi l- l markets performed strange deeds when the war wan began beJan It Is la not notto notto to bo be o supposed that first those same ame things s swill will bo be undone when the end draws 11 near nor that conditions existing in July Juh 1913 will bo be In lu on any degroo re re- re stored That there will be he extensive readjustments to the new nc con conditions g goes oes without saying There Thore should ll bo be bono no cause for panic more time will lIe e eRiven gIven Riven fur for action diplomats v will M por- por Bode selle generals news will bo be o more en encouraging cn- cn and hope will cn cast cant t out fear Such changes In fundamental conditions condi condl- ions must bo fro reflected In values alues Mu tu- tu shares will of ot course courso be ad adv adt adversely ad- ad aff affected though It should be remembered d that many mury of ot these have I taken JHC precautionary treasures measures to meet all such contingencies industrials which have ha been unduly inflated l must lead lend reaction and et el these ma may mav suffer surfer suf sur- fer ter quite as H much from Inci cased 1 ox- ox ex expenses Denser es as from treat loss of ot war wal or orders ers Commodity prices have ha been pushed to such puch dl dizzy 7 heights as tl to compel economy economy econ econ- Oln omy among nearl nearly all ail classes lasses of ot consumer con con- rumens sumers These high prices entree spelled cx- cx prosperity for far the thu grower gruwer and tho the miner not to speak of organ ul iz tx d labor but Lut they finer also meant extra I hazards for foi manufacturers and distributors dis man many manly of oC whom stocked up 1 more freely than usual to protect them them- soiree S from Crom scarcity and hl high h prices 01 ji whole machinery of ot production t and distribution has b been on thrown violently vio- vio I IC out of oC gear geal by b the l 1 lI It ca cataclysm ant and a n teni temporary slowing lowing down clown tor for fOl the thc purpose of of oC establishing a 1 Letter balance will trill tend to really leall prolong prolong pro- pro i long present activity ltv and facilitate amore a amore more equitable distribution of ot th the pro pro- j I Our fur Jur prosperity touched hl high highwater h water murk marl n. n month ago o profits were fC Ithen then at their theil zenith and the e LIE tip up 01 or more properly sJ speaking t the e I 1 down u process prOC hay has I made considerable hIe po progress rc Speculation ha had b boon beon en carried to an n almost dangerous level lc and th the i rc IC e- e I imposed by hy hl higher hel money rates proved plo timely and beneficial Caution liar lias been advised ad for tor several oral weeks week P past pant Ut and the thc technical al condition of the thc market will undoubtedly be Improved h by th the heavy liquidation of ot tho the last few days n s The Thc monetary situation has hall Improved owing to the tho contraction In loans and ami renewed ell gold Jold Imports which ha e reached nearly rl for tor this lOon month t h and almost COO this year On Friday av there Cher- was u n J II rally following the severe o ero break of ot Thursday hurs ay with tho the indication that the worst of at the shock hal had spent lt its ItH force hence u L still higher range Is a fL natural sequence |
