| Show BUSINESS TRADE AND INDUSTRY The raise in the price of coal has been the dlslurblng feature of the week In this city it Is a raise for which there appears no excuse save inordinate re paclty coupled with power to enforce General business has been quiet In the city but the rush for coal has l been phenomenal dealers are a week behind In filling orders and even on the advance ad-vance In price have not been able to keep even with current orders every night has seen them further behind than the night before Merchandise has picked up some In volume on the Incoming Incom-ing of the stormy weather and the layIng lay-Ing In of winter supplies Still the bank clearances show a falling off of 183 percent per-cent as compared with the same week last year The labor market Is In good condition with work for all those who seek it On Friday there was a decided change for the better In the construction of the San Pedro Los Angeles Salt Lake railway below Calientes The new tracklaying machine was put to work and both In the placing of lies and of rails there was a decided speeding of work At the other end of the gap It Is understood that work Is also being pushed rapidly and there seems no reason to doubt that Mr Clarks promise of through trains between this city and Los Angeles by a year = from February will be realled Work on the Moffat road and on the Western Pacific Is also being pushed with vigor The mines continue to give phenomenal phenome-nal account of themselves They produce pro-duce more and better ore than ever and new developments adding to the great ore reserves are reported dally The immense reducing plants of the valley which within the past two or three years have been so largely Increased In number num-ber and capacity prove all the time to be Inadequate to the demands made upon them and yet further enlargements enlarge-ments and additions have constantly to be planned and put In to keep even 1 with the tremendous floods of ore lhat are dumped upon them The American Smelling company Is to add one of the greatest copper smelting plants of the country here It Is a very gratifying condition I The farmers have had an unusually good year too the markets are glutted with their products hut not beyond de mand for the buyer keeps well up with the supply and prices are heller than i ever before for the producer The live stock man has also lone well this season the range has been better than for many years = and prices of meat and of wool have afforded a good margin of profit Both the stock man and the farmer are rejoicing In the week of storms we have just had an unusually un-usually heavy deposit of snow has been made thus early in the season and It Is the kind that will last as well as assure as-sure a perfect foundation for the preservation preser-vation of the further downfall In the hills that may be expected In the country at large there has been I for some time a tendency = to conservatism conserva-tism and a decided slowing down compared com-pared with the rushing times of the past few years a country cant be on high I pressure all the time Still the business done is enormous and the slowing down Is only comparative The Iron trade Is adjusting Itself to the newer conditions there has been a decided drop In the cruder and partly manufactured products prod-ucts with a raise In some forms of the finished products While some Iron plants have shut down others have reopened re-opened and there has been a general resumption of activity In the cotton mills The entire twenty mills of the American Tin Plate company at South Sharon Pa are to start up tomorrow Brauslreel reports quietness oven to repression In general trade and Industry Indus-try but with encouraging signs visible Business for the week Is large due to expanding retail trade in the Northwest and at the South where the cotton sales at high prices make money plenty Exports Ex-ports are increasing those for October being the second largest total ever recorded re-corded for October The chief depression depres-sion Is in the iron and steel trades whero cuts In price have caused shutdowns shut-downs High prices have checked demand de-mand but tho Iron and steel l manufacturers manufac-turers think It can be revived by concessions con-cessions In prices The general statement state-ment Is that there are not anygreat accumulations ac-cumulations of stock anywhere thai arc liable to sacrifice values Dun reports trade quiet bul says the splendid profits of agricultural communities commu-nities cannot fall to put large sums oi money In circulation and provide a market mar-ket for commodities Labor conditions arc unsettled and the general level of prices Is somewhat lower than on the first of the month The railroad earnings earn-ings for the first week In November were 4S per cent larger than last year Business failures were somewhat above tho average The International Mercantile Agency I reports the week as marked by a fcomf what unsettled feeling and renewed con sorvr Ism in conmeohil cl rlos It andb that tight money has checked the rising demand jfor bonds but shrewd J i people are making arge Investments at I bottom prices The bank clearances of the week compared com-pared with those of the corresponding 1 week last year show a t decrease of 28 per cent In New York and of 1 per cent In the cIties outside of New York an aggregate ag-gregate for all of 208 per cent decrease The New York bank statement issued yesterday showed a very large decrease in loans and deposits wilh no great changes otherwise Its apptarance was I not favorable on the market In stocks generally the week has been one of phenomenally low records The absence of buying orders has allowed al-lowed the bears to have their way and prices have been pushed relentlessly down Still the general trade of the country continues on a sound basis and Itjs only by comparison with the phenomenally phe-nomenally active years of recent prosperity pros-perity that there can bo said to be a slowdown Compared with the conditions condi-tions of ten years ago the present state of the country could only bo described as booming |
