OCR Text |
Show BUSINESS AND TRADE The wook has shown cold and -lorniv weather, mingled with fine, pleasant days. There has been warning to fruitgrower fruit-grower of th frosts, with the result, we trust, that the needed protection has been afforded to the orchards. Further Fur-ther advances in the great ooal coin panv mergers in Emery county have been reported, and tho Interstate Commerce Com-merce Commission ruling reducing rates on wool has enlivened the trnns nortation situation, There has 'neon report re-port Of -onio damage by storm- to sheep in the southern part of the State, but on the whole, the sheep and wool sitn.i tion BOOms to be favorable. The wool dip will be heavy, and the amount of mbhey paid for it will be large. "-alt Lake I hv keep- up its record of increasing bank clearances, the gain in these for the week pisl passed beiug 14.2 per cent as compared with the clearances of the corresponding week last vear. The retail business has been fair, though somewhat affSCtod by the storm v weather. The best business of the week be the larger department stores was in milhm rv , shOOS, hosiery suits, light coats, fancy ( goods, silks, underwear, laeo goods, wash fabrics, tapestries, draperies, varied house furnishings, fur-nishings, and staple lines. Trade in furniture, SUtomobiloS, sporting goods, men 's furnishings, and books an I sta-tionery sta-tionery is also reported good. The music mu-sic stores did a good busine.-s. This is the beginning ot the tourist season, and the sales to tourets have been active of novelties and souvenirs. Collections havo been good, and the rush of spring business will undoubtedly come with the clearer wcuthcT. Boildipg is being pressed as much as possible considering Ihe weather. The lumber and oemont business is picking up bv reason of the buildiug demaud. Active work was begun on a (35,000 business aad apartment building build-ing during the week at the corner oi State and Seventh South streets, for N. M, Rosenblum. Some new dwelling houses were also begun. The work on the Walker skyscraper is being prosecuted prose-cuted diligently, and the annex to the Hotel Utah is about finished The Utah Light ft Railway Company's addition to its plant, begun the week before, was prosecuted diligently, as was also the preliminary work on the L 1). S. hospital hos-pital wing and the University "build ing. The real estate business shows a good and firm condition of the market. There was much iuquiry for property during the week, with sales rather below the average. The big excursion to Bingham under the auspices of the Commercial Club was the initial event of the week in railway circles. It was a great success. suc-cess. The I tail Light it Railway Company is rusl.in- work on its extensions as i well as on its power plant. The work of extending the Uintah Railroad has begun. The Knights of Columbus had -in excursion ex-cursion to Bingham on Thursday, and a pleasant time. Mr. W. J, Clark of the Coneral Klee- trie Company of New Sfork is in the cilv to sec about business matters, with some talk of electrifying sections of the Donvor A. Rio Cran io I'ailroad. The storms of the week have had their good effort in thoroughly moistening moisten-ing the ground and adding to the water resources for the -ea-on. Dealers in mining equipment and lumber report p very noticeable in-cresse in-cresse in their business, not only from the well established companies, indicating indicat-ing a creator amount of development ! oftort on their part, bul from new or gunuutiuiis resuming operation., after; a period of idlone--. Ti,. mines o'. the! State aro being 0pe1rat0l at full ca- paciti in almost everj Instance end out does not hear of idle mini ;- i any o' the Utah or Vevada mining camps. The mining outlook is deetdcdlv rocourag-l ing from all -t IpointS. Local lead pronacer- will WStCh the) proceedings in L'ougreat during the ros of the mou;ii. for the Senate vviii jke up tho lead and hie tariff question for final action. The belief - tenerally preLsed. and is tOundK baaed, that the t.mff sehednjes will not lie altered t f rum I heir present -t.t lis. Eastern stock market condition have 1 faprsrbte pairing iiu- week) lbs copper issues tsJtinsj tee lead. Two Isotsbh tx press i qui cf confidence Is tiu-I tiu-I copper situation were bad bv the ( alums! alu-ms! and Hi !;i company Increasing the wages it it- employees, and the in- i-reas,. iu th,- Amalgamate.! dlvid I r.ifo. I; cenersdlV is agreed that .surd lection "va- based upon the convict ion that eoppei metal psseas an to remain ' fttflv HU to the t siting range. After veral weeks of gradual ap lareelatioa is muting iharc '.aloe- on the Salt Lake Bachaasje, , reaction was axptsrjenrsd durinc the t-a-t feu dfyt Profit-taklac was both oxpected and logieal, ud when II rum it? course the local board will bo in s healthier posi I tion. The mining situation and tit-- ceneral physical shape ot the feature properties ot the "-Mate justify a strong oi local market than we are having, but the wisest nut hunt los agree that a gradual appreciation with frequent reactions re-actions is far better than unwise booms and their attendant dra-lii declines, Shipments in the hills have been in terfered with iv the snows of the wed.. but once the road- improve the mOVf meet of ores to the local smelters will bo mi ,n unprecedented quantitii The commercial agencies rcporj trade steadv :is a whole throughout tho coun trv. with business in ."ine lines in ev ce- of that done at tho corresponding time ia-t ear Reports from loading trad.- ceo tofs show progress towards in creased biiginosi confidence, and aetii itv continue-.. The disaster to the Ti tame has had a depressing rToi 1 on all 'form- of business, and there have been unfavorable crep reports that added t" this depressed feeling; but then- Iki- been a recovery as to the crop Bitua ti'in the later advices showing the dam age to be much lesfl than lirst re port sd. further advancos in iron and steel prices am annonnced with production approximately reaching ninety per cent of capacity. There has been uOSVy buy ing of bars bv agricultural machinery interests, and quotations are higher. Th.- adjustment of labor troubles in textile circles, and the probability of i in speedy settlement of the anthracite coal Btrike, lend confidence to the gen-oral gen-oral ( il uut ion. The Boston wool market reports the lab Ol scattering Iptl Of original and leniti. iv wool, with further purchases In 1 1 1 a h and Nov a-la a - made I D S few instances there is roported a flight advance, lull dean value- have I n but little, If any, higher. Wall street has been depressed over the sinking of the Titanic, bul this effect ef-fect i- OOl e. tod to be lasting. There is a dull speculative business, 1'iit plenty "f monei is al hand tor good investment stocks and for bunds. Alto-gethor, Alto-gethor, the woeh main tain.- itself on a gradually expanding nnd increasing Bcale of progressive and profitable business. |