The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-30

With the passing of the first half Of
the year, the business and financial
E,en of the territory, as well as those
= every other branch Of trade or in
Eustry, are casting up for the purpose
of determining the relative condition
OF their affairs as compared with last
year Saturday was the practical
closing of the month and the half year
and in consequence the reports were so
far advanced that it was possible to
tell With a fair degree of accuracy how
things stand. Without exception there
is a very materially better feeling pre-
Eaiiing in the territory than there was
- this time last year and the growth
OF trade and return to former condl-
tons is rapid ard certain. There is
more money out among the people
than there has been for wears and
prices OF products are constantly N
creasing. Sales of wool, cattle and
other products during the past several
months have brought in splendid re-
turns as compared with the prices
realized during the past two or three
years. The indications for the future
are first class with everything except
the SilVer-lead mining industry and
even with that those on the inside aye
living in hopes that changes Tor the
better Will speedily take place. Brad
streets takes . hopeful view of the
general situation of trade in the terri
tory and superintendent Harold NJ.
Pitt yesterday issued the following
statement Of conditions:
As Viewed BY Bradstreet's.
The first half of the year having
ended, it is possible to make some
manner of comparison with the CORES
poHdiug period OF 1894.
There is no question but that S'ade
has been better while the conditions
of the industrial and agricultural
classes has shown an improvement to
z marked extent.
A notable feature in the business
of today is the tendency towards
elig3Snation of the credit feature
T2dings seem greater in the agSre-
- as to the number Of purchasers
bu4XmOunts of purchases rule lower,
whitsz means practically that more
business is required to reach the same
value il the aggregate. A closer com /
petition IL jobbing circles and the
above mentioned tendency on the part
of retailers To sell for cash has re-
suited in lower prices, which makes a
heavier business necessary If compar1- !
sons are sustained.
The effect is always favorable as
-he consumer saves money and the
merchant is q bic to make better use
of his capital and obtain q further
advantage by discounting.
A slight stiffening in the price If
wool appears to have induced owners
10 hold for anticipated advances, and
receipts from that Fource have re-
ceived a check, although not to a very /
great extent.
''1leaTings for six months show over /
S22.50O 900 against $29, 400, 600 in 1894. In .
the early part of June there was a /
> alling off which has not been entirely /
made up. although the latter part of /
the month was more favorable than
the first. The total is S4.SS2, 564 .
against $4.990.S97 in June, 1894. the per
cent of decrease being little over
two.
The same generally easy condition
that has been commented upon from
month to month during the year, still [
prevails. Money continues plentiful
and can be obtained readily where the
security lis prime. Credits are good
and a strong feeling Of confidence is
sustained.
Failures in Utah during the month
were few in number and actual loss
resulting therefrom to creditors was al
most nominal
"A comparison with-the correspond
ing month of last year and preceding
month of this, is given herewith: