The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-07-20
FINANCE AND MINING
Midsummer Dizziness Less Notice
able Than Usual.
BIG ORE AND BULLION OUTPUT
The Greatest of All Teams, Mining and
Agriculture, Which Utah Alone Can
Drive Successfully.

Midsummer dullness is noted in some
lines Of trade, but it is not nearly so pro-
nounced as it has be in previous years,
and taken altogett le present condi
tion of trade remain 5rfectly satisfactory,
and our merchants are sitting upon the top
rail of prosperity.
The sound of the hammer and the saw
echo and re-echo throughout our business
and residence streets, and almost daily
there are new excavations for either build
ings or residences made. The larger build
ings-the business blocks more particularly
have rogressed rather slowly, owing to
variety of reasons, but much better pro-
gress is now being made, and it will not be
long ere the monuments of progress and
prosperity will present very imposing ap-
pearance.
Real estate remains quiet, although there
are numerous inquiries, and dealers say
there are strong symptoms OF most de-
cided awakening in the early fail.
The passage of the compromise bill has
had a most excellent effect in mining cir
cles, and the constant advance in silver,
and the frmness of lead, promise to cause
renewed activity in many mining camps
that have for many years been under a
cloud. Renewed activity in our mining
camps means increased prosperity for Salt
Lake the great mining centre OF the terri
tory and surrounding states.
The stock exchange has been quite lively
during the past seven days, and 1t may now
be said to be upon a permanent basis-one
of the biggest institutions of this great
and rapidly growing city.
The mining outlook was never before so
bright.
Crop prospects were never better.
| The two combined make a powerful
team, and one that Utah alone can drive.
1t is most gratifying report that the
well-known firm of r. G. Dun & Co. give
in their usual annual summary of the bust
ness outlook of Salt Lake city, as
follows: 1.-THE progress noted in the
preceding two reports has devel-
oped into new era that promises un-
precedented prosperity for the coming
year. All leading cities of this section
have had remarkable increase in prop
erty valuations, which is firmly maintained
| by a strong demand, extensive building
operations, and continued public improve
ments. All crops, with the exception Of
fruits, present certainty of being larger
and finer than for many years past, and the
shipment of produce greater in conse-
quence. The yearly wool clip, heretofore
estimated at 100000 pounds, and the ex
cellent condition of the cattle interests
with the good prices prevailing, will place
large section upon frmer basis. With al
annual mineral production of S10,O00000
the legislation favorable to silver and Leaf
is infusing new life into these industries
that will result most benefcially to bust
ness. Trade prospects in existing lines ar
most excellent, and large additions to tn
banking capital of leading points is furnish
ing cheaper money and improved facilities
the only feature subject to adverse crit
cism, is the lack of extension in the jobbin
trade The local markets seem unable t
control over fifth of the trade at thel
doors, and but little progress is made i
keeping country business at home. Freigh
discrimination is responsible for this, an
local interests dependent upon railroa
facilities continue at a standstill; larg
capital that could be proftably employees
in jobbing is diverted to other locations
and the future shows but few Indication
of relief"