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Show I BUSINESS, TRADE, AND FINANCE. Wo present this morning in other pages, a, comprehensive review of the conditions nt present existing in this city, and the immediate outjook In the building and real estate linos. In this rovlcw, tho builders, tho architects, the owners, and the real estate agents give their views In their own words, as derived de-rived from experience and from actual dealings. The showing la a magnificent one, nnd cannot fall to Impress every reader with tho activity and tho solidity so-lidity of tho real estate market and the building operations of the year. Tho work upon tho now union depot Is soon now to begin; it will bo pushed with all energy, and when tho structure Is completed, it will notionly be a vast hlvo of Industry and a very great addition ad-dition to the business facilities of the city, but a decided adornment to its ap-pearanco. ap-pearanco. Tho building of tho year Is to be very great, and will comprise business bus-iness and residential blocks, warehouses, ware-houses, dwellings, and cottage. Tho men of Industry, brlckmen, stoncmen, builders, glvo their facts and their views, making a round-up of Salt Lake Industrial conditions and prospects pros-pects such as every well-wisher of this placo will rejoice to see. From tho showing, it Is evident that wo are to havo a year of unprecedented demand for all forms of building materials. Taken all together, It Is a resume such as has never beforo been made In this city, and it has In it tho most cheerful facts and conclusions that could be desired. de-sired. That this city is tho most promising prom-ising field thero Is In tho country for Investment In real estate and buildings Is becoming known to Eastern capitalists, capital-ists, many of whom havo made large investment, a number of local capitalists, capital-ists, mining men and others, havo set an admirable example of lato years. Business In general In the city la fair, though the lingering storms retard tho spring demand. But a llttlo delay in this will not hurt; tho storms assuro plentiful water, and tlie demand Is sure to come. With half a million dollars In absolutely new wealth passing from tho mines weekly Into local financial channels, chan-nels, besides the regular and growing trade, this city can never be dull In a business way. The excoedlngly happj-outlook happj-outlook for crops and tho ranges, joined to tho mineral output and the bright railroad prospects, give a.feellng of confidence con-fidence to all that Is good to see. In tho State at large, tho week has given rcnewod assurance of prosperity for tho season, In sweeping storms whloh hava covered tho whole State, helping tho portions where thcro was lack of moisture and reinforcing the reserves re-serves where thero was already a good supply. Farm and rango will be better off this yoar than for a good many years in tho past; and when good crops aro thus certain, tho general diffusion of money is sure. The cattlo and tho sheep men havo equal reason with tho farmers for feeling exultant. Tho mines of tho Stato aro making a record this year. That record will bo at least twenty-five million dollars' output, out-put, more likely to be over than under. Tho main producers hold up magnlfi-contly magnlfi-contly in their output, and in developing develop-ing great ore bodies as the ledges aro followed. And the new discoveries constantly con-stantly add to the stream of new wealth which Utah is pouring Into the arteries of commerce. The smokers, by their prudent and enterprising en-terprising course have given a stability and reliability to the reduction of the avalanches of ore dumped upon them that Is most reassuring. The most improved im-proved and perfect methods of ore reduction re-duction havo been put in use, nnd the constant additions to capacity are both gratifying to the ore j?eller and reassuring reas-suring as to the making of this valley one of the great reduction centers of tho world. Tho railroad situation is most cheerful cheer-ful also. The progress of work on the San Pedro road the' Salt Lako route-Is route-Is reported from day to day, and Is most satisfactory. It looks now ns though the road would be finished so that we may unite with Los Angeles In a great Christmas celebration on the completion comple-tion of the through line. The Moffat road, building hither from Denver, Is heard from effectively, also, from time to time; fifteen hundred men arc at work on the line, and many carloads car-loads of steel mils are arriving on the ground and being laid as fast as received. re-ceived. The Western Pacific has reported nothing noteworthy during the week, but It Is understood that the work of building Is being pushed on the San Francisco end of the line; and a the route Is surveyed through to this city, and many thousands of dollars' paid in incorporation fees In this Stafe, In Nevada, Ne-vada, and in California, there 'seems no reason to doubt that the road will surely sure-ly be built. Whether It is a Gould line or not Is of comparatively .small importance; im-portance; the main thing Is the road. In the country at lar rs reported by Bradstreets, better weather has helped retail trade, and strengthened jobbing trade. Tho Iron ms-.rket Is strong, and there Is un Increased demand de-mand for copper Business failures for the week were greater in number than the average for some year'. Dun reports little change during the week. Storms and floods have done much damage. Spring trade Is cxpand- i lug, though held back by the weather. The Industrial world Is hampered by new strikes, that among workmen In tho building trades being especially hampering. Railway earnings for March bo far are 1.4 per cent better than a year ago, and far in e?:cess of any other year. The International Mercantile Agency reports Irregular trade, with less optimism optim-ism East than West, and less distribution distribu-tion of merchandise than last year, except ex-cept In tho cotton regions. Cotton mills aro running on less than half time on account of the high price of raw material, ma-terial, and the prospect is for decrease rather than increaee. The bank clearances of the week, compared with the corresponding week last year, show a decrease oC but 9.7 per cent in New York, being by far the least decrease shown In many months. Outside of New Tork the decrease was but ,G per cent; for all, C.l per ccnL Tho Now York bank statement, Issued yesterday, had a hardening effect upon prices; tho loans Increased almost nine millions, the deposits over eleven millions, mil-lions, with increase In legal tenders, reserves, re-serves, and reserve required. It was a favorablo statement. The week In the stock market has exhibited ex-hibited considerable activity, especially J In the transcontinental railroad shares. But on the general list there was a good deal of lethargj-. The statement that the West is more optimistic than the East gives the clue to the feeling that dominates. The East Tvas badly bitten by last year's speculations specu-lations and haa not the West's recuperative recu-perative powers. And as the West is the controlling factor, It can be concluded con-cluded that tho business of the country Is getting into very" fair shape. |