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Show BUSINESS, TRADE, AND FINANCE. Tho week has kept up the cool, stormy weather, eo unaprlngllko at this season. But as it adds to and conserves tho water supply, tho season's prospects are In fact helped by It, especially as there have boon no frosts to speak of, and no damage to fruit or other growths. The Indications continue to be that we aro to have a Hcason of unparalleled un-paralleled agricultural prosperity. Tho wool business Is In its full strength; tho shearing Is well along, and tho clips have begun their move-mont move-mont eastward. The prices Tald tho flockmastcrs aro fairly satisfactory, the competition among the wool-buyers being be-ing keen enough to give the sellers tho advantage-of tho best rates. The competition com-petition among the railroads for the hauling of this product Is so close that some advantage In rates is also accruing accru-ing to tho wool-grower. The mines of the Stato are yielding splendidly; they add to the wealth of tho community half a million a week, and give well-paying employment to thousands of men With appliances constantly improving, and with the further opening of ground of established estab-lished productiveness in well-proved properties, and the constnnt addition of new sources of dfc supply, the outlook out-look for Utah's mines was never so brilliant as now. And lt Is the universal uni-versal testimony of every one who has ever Invested intelligently in Utah mines, that that Investment has been profitable and satisfactory. Consequently, Consequent-ly, the mines of this Stato have a good repute In the Investment world, above that of the mines of any other State. And the plants and facilities for reducing re-ducing ores aro constantly on the Increase In-crease In this valley. These are now so good and so numerous that the ore-producers ore-producers of tho whole central mining region recognize that hero they can do better with their product than anywhere any-where else; it Is the central smelting headquarters, enterprising and of great capacity, able to tako care of whatever may be offered. The San Pedro road (tho Salt Lake route) is pushing along with energy and rapidity. Tho big cut at Moapa Is being be-ing reduced as fust as strenuous work can do lt, and soon the work beyond Las Vegas will bo on with full force. The prospects of tho reduction in time for tho completion of this line arc so good as to Justify the most cheerful optimism. op-timism. Tho Denver & Northwestern (the Moffat road) had something important during tho week. All the contracts are a month ahead of schedule time. Work on the switchback over the main range, to carry the track to Sulphur Springs in Middle Park is being pushed; when lt Is finished so that work on the main' tunnel tun-nel can bo let to begin at both ends, that work will begin. Tho contracting companies aro nil busy, and aro employing em-ploying large numbers of men. A3 usual, there are stories of lack of Intention to push this road through, but we do not consider that these are entitled to any consideration. With the Western Pacific Interests, the week has shown no developments. It Is about timo that we heard something important as to tho summer campalgu of this concern, if there Is to be any. The outlook in general for the State Is of the most cheerful character. Mine, farm, orchard, and range, never had an outlook so good as now. The wool sales make money plenty, and tho dlsDurse-ment dlsDurse-ment of three million dollars on this account ac-count In the Immediate past and future clve heart to business and all forma of Industrial activity. In this city, trade is good; collections have Improved, money Is plenty and In demand. Tho bank clearances are practically prac-tically Identical with thoso of the corresponding cor-responding week last year, being 1.6 per cent leas. Tho realty market shows a good deal of activity, and sales are numerous. nu-merous. Tho building operations of tho season arc fairly on, and In all parts of the city new structures are going up. Ono of the new enterprises noted during the week was the preparation of plans for a terrace on North Temple street at tho junction with State, to be put up by Mr. David Keith, and to be both elegant and commodious. And tho building fever was never before at Buch a high stage In this city as lt Is now. In the country at large, business ha3 greatly Improved with the coming on of more seasonable-spring weather. It Is probable that May trade will be above tho normal volume for the month. Thero are more idlo factories than usual, however, caused largely by the Inflated, price of cotton. The Iron and steel outlook is at sea again, on account of tho dissolution of the ore association. The business failures are about average. Crop news is on the whole satisfactory, a shortage in any one direction being made up In some other. Tho bank clearances for the week, compared with tho3o of the corresponding correspond-ing week of last year, show a falling- off Of 17.5 per cent in New York, which 13 qulto an improvement. In tho banks outside of New York, the decrease was 2.2 per cent, an average loss for all of 11.4 per cent. The New York bank statement, Issued yesterday, showed very large increase In loans, and almost as large In deposits; depos-its; but tho decreaso of ten millions In surplus and a like amount in extra U. S. deposits had an unfavorable effect on the market, and the statement Increased the tendency to depress values. The stock market has been Hfeles3 during the week, and the tendency to repress speculation continues Btrong, which Is a good thing all around. |
