The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-11-01

A great business and Industrial re-
vival has set in during the past few
weeks and the beneficial effects of
Democratic legislation are growing
more apparent each day.
The revival is not confined to any
section or locality, but embraces in
its welcome grasp the whole country,
north, east, south and west.
From all over the land come reports
of the most encouraging nature. Fac
tories that have been closed are re-
Stunning operations with more vim than
ever; mills that have been running on
short time and with reduced forces are
now working full time and employing
full crews. Better than all, wages are
going up. while the prices of the nee
essities are going down-the inevitable
result of Democratic legislation.
Nowhere is the general improvement
more marked than in Utah. Trade in
all its various channels shows health
n full revival and languishinS industries
\ are reviving.
p FREIGHT SHIPMENTS.
The strongest evidence of this is in
the tremendous increase of late in the
freight traffic of the railroads. The
Union Pacific officials report that the
capacity of their road is taxed to it's
utmost to handle the great volume
of business that has come to it with
a rush. The Salt Lake merchants, re-
alizing the change, and feeling secure
for the future, have been piling up
their orders in common with those
from other sections, and this is true
of merchants generally throughout the
territory.
d.
have the same reports to make. That
line is essentially a Utah road and it
naturally feels the revival here.
AT THE BANKS.
Salt Lakes banks. whose business
may safely be taken as an index of the
condition of the territory, both CONNER
| cially and financially, are just now eX-
1 periencing a very satisfactory increase
PIN the volume of their transactions
Especially is this the case with the saw
ings banks, whose increase compared
with 1893 is computed at $1,000 daily.
a AS it is the poor man whose deposits
n cause this gratifying increase, it be-
y comes very evident that there has been
a decided change for the better in all
classes Of business.
THE CLEARINGs.
The clearings of the associated banks
are always accepted as-avidence of i'm
about a so per cent. rate, as compared
with those of 1898. For the month of
October the total clearings was S5.491,-
TS1, as compared with SO, 1872 for the
same month last year. For yesterday
Il they aggregated S1SS749, as compared
with S152, $50 for the same day of 1898.
REAL ESTATE.
The real estate transfers for the past
two weeks is another evidence that
hot -,
the future has been restored
THE BUSINESS MEN.
A Herald reporter called upon num-
her of merchants yesterday for the pur-
pose of obtaining their views on the
situation. A few were absent and
many were toe busy to talk, but several
were interviewed and expressed them
selves as follows:
Superintendent T. G. Weber of z. c. /
M. /, stated that the great institution
is now doing a very satisfactory bust /
ness, the improvement over last year
being from 10 per cent. to 20 per cent, !
and trade generally is improving. Peo- |
pie are still buying continuously. AS
to the Wilson bill, it will not affect |
nvooIens until January, although cut !
lery and many other lines had dropped
in price from is to 20 per cent.
Walker Bros. & Fyler Co. say that
their trade is as good as in 1892 and |
l.
same time last year. The Wilson bill |
has not materially affected buying |
prices, though manufacturers are quot
ing Slightly lower prices than last year
or even last July and August. Our
business IN general is on the improve.
F. II. AUerbach did not care TO be in
terviewed on the subject, but in con-
versation said that business had i'm
proved. Sales were heavier, but the
Wilson bill decreased profits.
The Henderson Grocery Co. have had |
quite a decrease in their imported goods
trade. Their town trade had decreased
and their country increased so that mat
tiers were just about evened up. Though |
certain goods were more or less affect
I'd. the Wilson bill had made no mater
lal difference as yet in their particular
business.
The Noble Mercantile Co. have a good
trade, though not so good as two or
three years ago. 1t shows Improvement.
The Cohn Dry Goods Co. report bust
ness on the improve. The Wilson bill |
has no effect at all SO far. By January
j the whole price of all imported cloths |
and dress goods will be reduced about
25 Der cent.
considerable improvement, though at
present the taxes just becoming due has
had the usual effect I'VE anticipate a |,
couple Of good months. The reduction
of duty in the Wilson bill is in our
favor On one bill of goods, ordered
from Europe last February and soon
to arrive here, the difference in the duty
Is between u and 13 per cent
White & Sons have had quite an in
crease the last month and look for a |;
:. good fa& trade.
81 The Dinwoodey Furniture Co. say ],