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Show UTAH AT CREST OF PROSPERITY Every Channel of Trade ami Industry Reflects Very Hopoful Outlook Many matters of commercial importance im-portance have come to the front in the past week, all denoting the wonderful won-derful general prosperity of the state and pointing to new and greater achievements for the main working season of 1917. Several new banks have been incorporated as a nucleus of new settlements which are forming form-ing in various parts of the 'state, and other new banks are In contemplation. contem-plation. Already this makes 101 banks now in operation in Utah. They have an aggregate capital of $7,160,200 capital stock and the state bank commissioner declares they are all in good sound condition. . As the banks are the depositories of the people they are taken as an excellent ex-cellent barometer of the business of the surrounding communities. During Dur-ing the month of February the bank clearings in Salt Lake amounted to S43.550.S06, compared with $32.-036.378 $32.-036.378 the corresponding month in "iT! or ii'ore than $11,000,000 In-Tense. In-Tense. Salt Lake occupies te ton rung of nineteen principal cif'os ' ''e twelfth fe'lera.1 reserve cli trVf 'n increase for the month of January. The passing of a $600,000 check the past week in the transfer of the new Ttrig'iatr. C'ty beet sugar fretory 'rm te Utrih-Idao connnnv to t'-o malgamated. with another $100,000 nrobaMy to come as the final payment, pay-ment, is looked upon as a transaction nf more than ordinary importance, denoting the confidence with wMc' big capital views the future of te sugar industry in this state. The probability that the federnl government may put its shoulder to the Utah irrigation machinery, and help in the great project to send a big Irrigation canal into Cedar Valley, west of Lehi, placing under Irrigation 50,000 to 75,000 fertile acres thirsting thirst-ing for the waters of Provo river or Utah Lake, and another canal for south Salt Lake and probably parts of Tooele and Rush valleys, is now i receiving serious attention. Careful surveys have been made and the project proj-ect is declared foasible. This bringing bring-ing under intense cultivation nearly 200, COO acres of lands, now practically practi-cally dry and worthless, making homes for 4000 families, is considered consid-ered of utmost importance, and Is expected ex-pected to receive the hearty support of the state and the people. Western wool men in some communities com-munities refusing offers of as much as 41 cents for their 1917 spring clip In considered an unprecedented market mar-ket condition in the history of the operations of the great flockmasters of the western states. Sam Sttllman of Soda Springs is declared to have taken this stand, while brother sheepmen sheep-men of the district are accepting 4 0 cents a pound. A few years ago 16 to 17 cents was considered an excellent excel-lent price for wool. Utah produces about 18,000,000 pounds, a year. Five towns in one county in Utah right now clamoring for libraries la taken as good evidence that the people peo-ple propose to advance along the intellectual in-tellectual lines as well as along the lines of material industry. Commercial failures last week in the United States number 257, as against 276 the preceding week and 107 the corresponding week last year. Failures in Canada last week number 30, against 26 the previous week, and 3!) the corresponding week last year. |