Show FINANCE AND MINING I In Business Haunts for the Week Past ORE AND BULLION OUTPUT I I New From Many Mines The Coalfields Coal-fields A Government Building Business 1rospects With the opening of March at least in this Territory one naturally looks for premonitions of a revival of business busi-ness which is usually slow and uncertain uncer-tain during the two months following the holiday boom Replies to inquiries inqui-ries made of come of the larger dealers yesterday revealed the fact that the spring trade was crowding in upon them Of course said one we naturally expect that should Representatives Repre-sentatives of our various departments have been on the road for a couple of weeks past and the orders sent in by them assume the most satisfactory propjrtions As compared with a year ago Well au increase and a very noticeable no-ticeable one in nearly all our liRe li-Re ittances are fair and I expect the coming season to be the most prosperous prosper-ous for many years pastAs past-As to the present real estate boom do you think it has had any good effect upon business Most assuredly and for this reason People who have for many years past found themselves them-selves financially embarrassed have sold their property for much more than they had any idea it was worth have removed a short distance away from their old location and bought a cheaper place With the surplus money thus earned they have been enabled to settle many little outstanding accounts while not much in themselves in the segregate amount to a great deal There is as your are aware too a much better felling among all classes of society in all our cities and towns than was a year ago everyone looks tor good times this coming spring and summer and all seem to be pulling t that tnd One mans efforts amount to but little but when a community bands itself together I to-gether to accomplish a certain object it is pretty sure to succeed The pleasant weather of yesterday had an inspiriting effect upon the retail trade and the smaller shopkeepers reported re-ported a good Saturday As to the need of a government building build-ing in this city the replies received from the various United States officials concerning the rent paid the danger from fire and tho uncertainties of the lease system leave no room for doubt The Chamber of Commerce will receive I the hearty support of our Delegate in Congress and if they will only push matters with a reasonable degree of force and speed it is not improbable that Congress will open its heart and send a little of that surplus in this direction There are any number of elegant sites to be had Congress owes it to the thrifty residents of Utah that such a building should be erected here and without delay The bill now pending in the Legislature Legisla-ture providing for the establishment of an agricultural college and experiment ex-periment station in Utah should receive the most hearty support of every member mem-ber of both houses The Legislature will be blind io the interests of the Territory Ter-ritory i deed if it fail to make proper provision for the use of tlie Congress Congres-s nal appropriation for such purposes The southern counties it is understood under-stood will bid hard for its location Silver took an upward jump during the week reaching its highest notch yet attained since it commenced the rise a few months ago A week ago it closedat505 yesterday 511 was the figure It is perhaps needless to say that mine owners especially in the lead districts are not wearing mourning mourn-ing as a result The local stock market is almost a thing of the past There were rumors during the week of immense blocks of Utah Central changing hands but they could not be traced to any definite source Since THE HERALD lirac published the item referring to a strike of anthracite coal near Sunnyside on the D tt R G W numerous other strikes have been reported but not many of them come well authenticated Lately Manti put in a bid for a boom by reporting the discovery of a fine vein of hard coal within seven miles of that town Now it is said that the romantic spot known as Castle Gate on the D S R G W bids fair to bud into a blooming metropolis metrop-olis because of the discovery near thereby there-by D 0 Rideout of an excellent quality qual-ity of coking coal It is said to resemble in appearance the best qualities of English Eng-lish coking coal So far the tests made have been highly satisfactory the coke obtained being excellent But as the methods employed were very crude the company which has since been formed to work the property intend erecting coking ovens and submit the coal to a thorough and practical test The gentlemen comprising the company com-pany have the most sanguine hope of success The best vein is less than a mile from the track and there are said to be indications in-dications of a find even nearer than that It is thought a satisfactory rate can be obtained from the railway company Thus another Utah industry which will give employment to many and keep much mousy at home that is now being sent abroad is coming to the front Both legitimate trade and speculation continue duller than is usual at this season says the recent circular issued by R G Dun S Co though moderate improvement in trade is noticed at Memphis Charleston Kansas City and Milwaukeeand in speculation there has been little more activity in stocks To natural causes of dulness at this season there added quite unusual uncertainty in several important branches of business busi-ness The termination of the Reading strike has come at last and as was suggested some time ago it only increases in-creases the uncertainty in the iron bus iness Effort to settle railroad wars have not succeeded but new cuts cause much disturbance The Sugar Trust meets unexpected opposition threatening threaten-ing its existence operations of other syndicates or combinations make it impossible im-possible to forecast the future in many trades and meanwhile the uncertainty as to Congressional action en the tariff is in no degree lessened Vithin a few days the sharp rise in foreign exchange has also rendered the future of the money market less clear The fact that the Reading strike but slightly affected the iron business became be-came clear before work was resumed and it is now felt that with the known shrinkage In the demand for iron the resumption of work by a few furnaces I would bo likely to ensure lower prices A sale of extra good forge for 15 85 at furnace is reported and the competiion to secure orders for rails is still keen Bar iron is quoted at 190 but car building continues unusually large the Pennsylvania alone has placed orders for 2200 cars and 70 locomotives Eastern East-ern nailmakers have combined and the price stiffens a little Coke producers I pro-ducers at Connelsville have at last consented I con-sented to reduce the price 25 cent 1 which will help manufacture The Go gable mine consolidation has collapsed I and the orders for Lake or thus far indicate in-dicate a heavy increase in demand The failure of Graff Bennett < t Co of PiUs burg produces no disturbancebut illustrates illus-trates the over confidence of last years expansion The decision against barbed wire patents affects concerns having a capacity 300000 tons but not actually producing 180000 Without a wider demand for securities securi-ties a decrease in railroad bnildmg must affect many branches of production produc-tion The moderate improvement in the stock market is therefore interesting interest-ing but as yet has scarcely lifted prices above the level of February 1st Of new bonds issued this year S540COOOO are for new road and nearly 12000 000 additional were listed last week but but how many of these have found purchasers pur-chasers no one knows The quick advance ad-vance in foreign exchange appears to indicate that investments of foreign capital on this side have ceased for the present cud experienced bankers now discuss the possibility of early exports of cold The actual exports of goods at New York for three weeks past show an increase of 35 per cent over the same weeks of last year but no such increase is expected in the aggregate The Treasury has taken in 100000 more than it has paid nut during the week ightlydiminishingbanl eposits The situation at Washington dot s mt promise any early action in regard to the surplu and even the bill autho izing purchases of bonds may be delayed de-layed Domestic exchanges are but slightly in favor of New York and the mvement of money this way seems to have ceased with some tendency to outgo in the directio of Boston At interior points the supply ot money is everywhere reported ample and collections collec-tions are on the whole improving especially es-pecially in the northwest Trade in breadstuffs is hindered by foreign uncertainties which keep alive hopes of war and higher prices Corn and oats have declined about 1 c nt each while wheat has risen as much but is weak again No change is noted in hog product oil has risen about 2 cents while cotton has weakened Sales abroad and the lack of domestic demand weaken coffee and in the sugar trade a Philadelphia house offers to undersell the Trust and at Boston there is rumor of a split while from San Francisco news comes of organized opposition op-position by Spreckela and others Reports Re-ports that the copper syndicate has secured the Calumet Recta output for years lead other producers to contemplate contem-plate a large increase in production The long depression in the price of leather is not yet broken and the boot and shoe trade is reported satisfactory The drv goods market continues fairly active for cottons though print cloths are a shade easier in the jobbing trade growing activity is noticed But in woolens the prospect of improvement is disturbed by renewal of the large auction sales and a peremptory sale of silks is also announced The business failures occurring throughout the country during the last seven days number for the United States 237 andjfor Canada33 or a total 1 of 270 failures as compared with a total of 273 last week and 289 the week previous pre-vious to the last For the corresponding correspond-ing week of last year the figures were 209 made up of 186 in the United States and 23 in Canada For the past four weeks the aggregate has been 951 in the United States against 896 last year and 151 in Canada against 141 |