The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-09-13
FINANCE AND MINING.
Views of Two Local Mer-
chants.
A LIVELY CRESCENT BREEZE.
Improvement in the East-Dried
Fruit Crop-Bank Receipts of
Ore and Bullion-GeneraI.

There has been little or nothing done
during the week in the way of local Sc
curities. The leading houses have com
menced their fall announcements, as an
inspection of the SUNDAY HERALD will
show, and in most cases we learn that
dealers have laid in supplies nearly
equal to those of previous years. Con-
siderable caution has been exercised in
buying, however, and few dealers
have cut down their orders.
Mr.. 8. P. Teasdel states that the dried
fruit crop OF the Territory will be double
this season what it was last. prices are
considerably lower now than they we're
year ago" he said to our reporter,
"mainly,on account of the cheapness
of foreign fruits, and the strong compe-
titlon we have always had to contend
with from California. l learn from
trade circulars that grapes and apples
are so low there that farmers feed them
to their pigs in preference to selling
them. An encouraging sign for US,
however, is found in quotation from
the circular that 'apricots are grow
ing scarce this I hope will
have the effect of stiffening up prices
here. 1 am receiving inquiries from
all parts of the Territory, but as yet /
nave no demand for dried fruits and
am simply buying on the chance of a
future market. l have two car loads
now on hand awaiting some request for
them"
Mr.. S. J. Nathan, one of our most
careful and most successful clothing
merchants, has returned from a trip
east. He informed reporter that al
though he was very wary in forming
his opinions, he was forced to conclude
from what he saw that there was a very
material and a very general betterment
in trade circles. 'In our line" he said
dealers are so independent that you
can hardly talk to them. You can't get
your orders filled, there are not tailors
enough to be obtained. There
are no skilled mechanics idle. and all
the mills have again started up. Dealers
say their trade is better this fall than il
has been very several years previous.
This report is borne out by the fol-
lowing summary from Brodstreet'S:
The general business situation, as re-
ported by wire to Bradstreefs, continues
quite as favorable as reported last week.
ne dCllNIil Is ludIllll SOlllAuCNi Dc
heretofore noted, to print cloths,
bleached cottons, wool and boots and
shoes. but the feature of the week
is found in the improvement noted
in eastern iron markets. Notwith
standing the reported gain IN this
line at the south and west, manu-
facturers and dealers east of the
Alleghanies had failed to report like
gain. Within the past week the inn
provement has become more general.
The inquiry for pig iron has increased,
and one sale at New York is noted of
Z 900 tons of forge at SIS, for which
$14. so had been offered. While none in the
trade admits the likelihood of boom,
all appear satisfied that there is better
business in sight.
The number of failures in the Pacific
States and Territories for the week end
ing September 5th was lower than tor
many weeks and months previous 1t
was sixteen, against twenty-three in the
week previous and against twenty-three
for the same period in last year.