Show DUNS TRADE REVIEW From Gao Osmondlilanager Mercantile Mercan-tile Agency R G Dun Co The definite knowledge of results for time year must awaIt final accounting but the conditions prevailing present the fulfillment of a highly prosperous year although the Increase in business Is not so marked jwhen compared with the preceding year While exceptional individual Instances show occasional heavy gains In the volume of trade the average indicates a healthy legitimate improvement fully as large as could bo expected for the year succeeding a period that marked a commercial epoch in the State The revival among representative repre-sentative mercantile shares of stock from halting values to a position of stable sta-ble strength offers the strongest testimony testi-mony of established confidence The banks with fewj exceptions have paid dividends throughout the year and have had i satisfactory although not brilliant business Large balances liavo been canled but the commercial demand for money has not been as largo as anticipated and call loans are not In vogue locally An improvement however has manifested Itself I during the latter part of the year and savings institutions havc been enabled to keep their money at Interest although compelled com-pelled to meet cut rates Commercial stocks throughout the Stale have paid average dividends of 8 per cent without with-out material diminution of surplus Large deposits mime to some extent accounted ac-counted for by heavy mining sales increased In-creased and accumulating dividends both mining and commercial and the centralization of vested interests Into this city 3n these particulars the year has been unusual while the fact that transactions In shares have trebled in volume is entitled to consideration Time industrial Interests of the State have received an Impetus that places experimental Investments upon an established es-tablished basis as strong and permanent perma-nent supports of the commercial fabric Kxperlenee has benefited the canners of fruits tomatoes etc whose Inability Inabili-ty to secure cans at a critical period reduced the output about 25 per cent nevei theless the pack was Increased fully 30 per cent as against the previous pre-vious year amounting to 115b 000 cases for 1S99 Plants for the manufacture of cans are being established and two other extensive canneries are being promoted pro-moted which will probably result In the output being doubled Another industry in-dustry that is closely allied to the producer pro-ducer consists In creamery products butter and cheese and has built up rapidly rap-idly about twelve new creameries representing rep-resenting an Investment of 50000 have been constructed In the State Thus far the supply of these products has not always equaled time demand prices have ruled higher than for several years und time business bus gained 2u per cent this year The manufacture of refined sugar continue to grow apace and Is being added to by the erection of auxiliary plants The output out-put for the year has been 20000000 pounds with the prospect of doubling it in the near future prices nave remained re-mained unusually steady and without any disturbing Influences The local manufactories of shoes have operated to fun capacity and show an Increase fif 30 p < ip cent with large orders In hand for the coming year The output of woolen mills has increased fully 13 Per cent running overtime steadily The product of local raw materials finds amarket not only in Utah but In adJoining ad-Joining States with the exception of Hour the consumption of which Is chiefly local Several trial shipments I havo been made to China but the returns L re-turns have not been encouraging However How-ever for the past seven months a fair margin on local wiles has been established estab-lished and altogether the volume of business has been fjitly as satisfactory as In ISftS although this commodity for I the first half or the year was subject I to fluctuations in price which at times i ranged elov the cost of production General trade In groceries hardware ioUs urnthhh3igynQns to juts I kncaus 1itm1aT1ouxtff the i lines a point has practically arrived whora tleJocaL Jobbers control the field and In gtocris It I Isei tlmatcd that tho X wholesale trade of the State will approximate ap-proximate JoOOoOOO for time year Different Dif-ferent houses claim a varying percentage percent-age of Increase In gross sales but a safe average IB believed to be from 20 to 2S nor cent The agricultural Implement Im-plement of the Intelmountain trade re i jfiou Is controlled from this city and J has been generally satisfactory In view of ihu fact that 1S9S was remark fiblo for its increase an nveragu gain l I of only aoout 15 per txmt is noted over I last year but collections are hardly in proportion to the sales The partial failure of the grain crop coupled with low prices and poor quality forces the iarrylnj over of much paper The lum ber trade has been very healthy with an average Increase of 20 per cent The only drawback has been the delay In filling orders as mills have been from sixty to ninety days behind since August Au-gust While commercial and manufacturing affairs have evidenced u steady and moderate growth indicating genuine Improvement the agricultural Interests havenot been altogether free from unfavorable un-favorable features the wheat crop la reported to be only 60 per cent of thc harvest of 1S9S the shoring being caused by drought and unsf isonai > ic cold with resulting impairment of qual Ity The fruit crop was largely destroyed de-stroyed In some sections with consequent conse-quent distress In seeds the crop this year has not been as heavy as usual but advanced prices have been obtained and the net proceeds are larger The foreign shipments of seeds has fallen off on account of the heavy domestic demand and higher prices Probably 100 cars of seeds have been shipped of vhlch Germany formerly a liberal buyer has received but a few cars The activity In the sheep Interest continues but the business Is said to be steadily centering Into the control of the large operators Thc supply of lambs for the market has been Insufficient and It Is said that ewes are freely shipped with n resulting decline in the Increase Prices of wool rule much higher than at any period since 1S92 and altogether the Industry appears to have reached thc summit of prosperity The record for the year In many particulars par-ticulars has been remarkable and some trade authorities entertain sanguine views of the future Others more conservative con-servative think that it would do more harm than good to exaggerate the Improvement Im-provement and regard with some alarm bounding markets with prices of a constant con-stant upward tendency and promised increase of railway tariffs Toward the end of the year thc anomaly of heavy bank balances and slow collections is seen with a local stringency Ih some sections that may be only temporary or otherwise However the business for the past year or two justifies confidence in a continuation of existing conditions especially when considered In connection connec-tion with thc natural resources of this section and the Industrial development Inaugurated by the conversion of formerly for-merly unprofitable raw materials Into marketable commodities of widespread use FAILURES The following authentic record of the failures in Utah the most reliable extant ex-tant furnishes by means of comparison an Instructive commentary upon the mercantile history of the year Thc fact that liabilities aggregate less than for any year since 1892 shows that the year has been decidedly favorable ns a small excess in number of the failures represented by Insignificant defaults is unimportant as compared with the relative rela-tive liabilities of the years The proportion of thc failures are Indicated In-dicated by the following details and tables viz Failures Liabilities 2oOW to 10000 2 Liabilities 415000 to 523000 2 Liabilities 10000 to 1EWO LiibllUIcK 51000 to 10000 8 Liabilities JOOO to 3000 IS Liabilities 1000 to 20CO K Liabilities of less than 1000 7S The following table prepared by It G Dun Corfurnlshes n comparison of the falluros for the post eight years Quarter Assets Liabilities No First SW 117CO 27 Second 95701 1 VSOO 31 Third 74EOO 1417JCO 23 Fulirth 131CCO J3S3L1 2S Total t d 3UOGCO S 21S011 111 1SS3 First 31CC40 395345 40 Second 132123 31S7IO H Third Stom 1 J1207 bl Kourth 206550 rJOJXJ 1S Total 1CCO737 SilIoSi 15J 1S94 Flrct 5 IJ3172 5 357625 5S Second 23U3T i5J > 13G SS Third 273217 4306 7G Fourth 24102 397053 54 Total 5 9SJCOJ 17COWO TG 1895 First 119 < XX > llllSf 47 Second S6520 1S44W li Third 2SC30 5S1UO 37 l Fourth 139025 25Sli S Total 389125 > 712175 371 1SDO FJrst 7oC50 12 370 12 Second lG3Cii 4S243 Third 3ftl32 35212 J9 Fourth I5S50 93011 52 Total 450150 l06fi919 l 181 1S97 First 5 305550 5 G121GS 59 Second 51750 109617 fl Third SOI75 16SG51 11 Vourth 17iOO ecluL HI Total 514175 J 997P19 H7J 1898 First y 11S212 3 C04S20 4C Second 27175 112477 XI Third 11310 r517 2K Fourth 29700 C570C 21 Total 5 1SOC97 5 468152 027 1590 First 5 C91G2 131126 to Second 32 > 252 S35C3 Co Third 20525 645SG 41 Fourth lGfiO 69750 21 Total 141139 3Jfc5 1TO |