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Show BUSINESS, TRADE, AND FINANCE. The activity in wool sales has enlivened enliv-ened buainess throughout the State during dur-ing tho week. Sales havo been both many and large, and a considerable proportion of the clip of this region is now moving eastward. Tho season has been oxcellcnt for the flockmaaters; their herds wintered well; the animals ani-mals came oft the desert in the spring in good ilesh and strength, and the fleeces aro unusually hoavy; thoy will average well up toward seven pounds. Agriculturally, the promise of the soason continues first-class. Water for irrigation is plenty, and will continue plonty. Tho fruit yield will be good provided the right care Is taken, of tho trees, and spraying is done as directed by the inspectors of pests and by the experts of tho Agricultural College; it will certainly pay tho fruit-raisers to give this attention, for there hps been no frost that damaged to much hurt, the season Is likely lo b favorable, and the demand Is always moro than the supply. The ranges are all much better than ordinary, which is encouraging to the sheopmen especially, who appear to have tho call on most of the ranges in Utah; but wherover tho cattle range they will also havo the benefit The arrangements ar-rangements for grazing on the forest reserves arc liberal, and the wholo matter mat-ter of grazing is in good shape. The mlnos of the State arc Increasingly Increasing-ly productive; their yield, as reported from day to day in the ore and bullion settlements, Is in a highly satisfactory condition, showing more than half a million dollars a week, when the product pro-duct of the Independent smelters is added. Tho smelters respond splendidly splendid-ly to tho requirements of the mines, by enlarging their capacity for the treatment treat-ment of ores, by adding now furnaces, and by securing the best possible and the most reeontly approved appliances. Tho San Pedro road (the Salt" Lake route) is pushing work energetically southwest of Callente; tho cut this side of tho Moapa will be finished by the first of June; that on tho other side of tho river is already done; and now tho rush is to got to Las Vegaa. This work Is being pushed with duo diligence, and the result will bo the completed road sooner than it was promised. The Moffat road is pushing along well hltherwards from Denver; it shows both activity and efficient work. Tho Western Paciflo has Just taken in the Butto and Plumas line; It appears to bo strengthening Itself by local connections con-nections and occupation in various parts of northern California. Its movement move-ment in this direction Is awaited with much Interest In this city, tho excellent prospects for the State, together with the present pres-ent activity in wool and the steady and rich output from tho mines, mako business busi-ness prosperity, and good trade. The banks have large deposits, and money is plenty. The bank clearances for the weok Just past, compared with those of the corresponding week last year, show a decrease of loYa per cent; but money transactions are large all the same, and collections are good. Trade is brisk, and industrial enterprises enter-prises are lively. The Oregon Short Line has begun in earnest its extensive Improvements In North Salt Lake, and that section of the city Is a hive of Industry. In-dustry. General building operations throughout the city arc moro active than ever before known; everywhere throughout the city ono can see new buildings, begun and completing. The big new Lafayette schoolhouse shows up flno; work on the T. M. C. A. $75,000 building is being pushed; and during the week the announcement was made that Messrs. Thompson and McCoy will this Beason put up a ?25,000 livery stable on the present McCoy stable site. The markets of .this city aro a delight to the eye, and what they contain, to the palate. And everything is getting down now to a fair level of prices, ahout tho normal rate. Strawberries aro brought in by the trainload, and other fruits arc abundant The vegetable, vege-table, fish, and meat markets are also attractive and in abundant supply. Throughout the country conditions of trade are reported much improved, so much so as to be spoken of as a general gen-eral trade revival. Industries are fairly active, though tho strike on the lakes is causing much anxiety In the iron trade. The business failures are somewhat above the normal. The bank clearances of tho week, compared with the corresponding week last year, showed a small decline; in New York tho decrease was 9.7 per cent; in tho country outside of New York the decrease was 7.2 per cent, an average for all of S.7 per cent The heavy international money deals lp the payments to the French Canal Company Com-pany and to Panama comprised a noteworthy note-worthy feature of the week. ffhe 2seTV. York; bank statement, la-. sued yesterday, showed very large decrease de-crease both in loans and In deposits, with considerable losses In specie and in reserve. The other items were not materially changed, though a gain of over a million dollars In legal tenders helped a little. The efTect of the statement state-ment on the market was small. The gold export movement has assumed as-sumed a magnitude far abovo tho mere payment of forty millions to the French Canal Company. Tho loUil of gold exports ex-ports to date since the movement began be-gan is now well over fifty million dollars, dol-lars, and there seems to bo no let up to It. New York financiers now think that the out-shlpmcnts of gold from this country will reach up to.wurd a hundred hun-dred million dollars. This moans, of course, that tho 'American takings of tho Japanese and Russian loans aro called for in gold, and that Japan will : not leave the twenty-five millions subscribed sub-scribed to her loan, here, to be drawn against for milltari' supplies, as tho Intimation In-timation was that sho would do. But tho financial condition of tho country la able to stand even this enormous drain. |
