The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-29

ing shares the latter part of the year,
the comparatively low price received
for their product by the wool growers.
and the short wheat crop, the sirua-
ton on the whole is good and the
future outlook encouraging for jObbing.
mercantile and Industrial lines of
trade
The jobbers Of this market have en-
larged their territory to some extent
and have gone farther afield for BUSH
ness. and the remarkable growth and
development in Idaho and the heavy
immigra ton thereto has further in
creased the outlet for the goods OF Salt
Lake merchants and should prove a
fertile field of operation for our houses
in the future.
Beet Sugar Gain.
The greatest increase in any line Of
industry Of a commercial and manu-
featuring nature for the year has
doubtless been in the production of beet
sugar. All of the factories have not
completed their run, but careful egti-
mates show the years output at go
100000 pounds, an increase Of Is, 900, 900,
or almost so per cent This is from
three factories, of one Of which this is
the first season. Notwithstanding the
strong competition of the Sugar trust,
the industry is in a prosperous and
fiourishing condition, and arrange
ments are being made for a greatly in
creased acreage Of beets, and another
new factory and refinery is contem-
plated for next year in the Bear river
district. The product this year has
found market in the following states:
Utah, Idaho, Wyoming, Montana, Kan
sas. Nebraska, Missouri and Iowa, and
1t is expected that next season Mis-
sissippi river points and Chicago viii
be reached from this market
Gamers and packers of fruit have
had a long and very satisfactory sea-
son, and the product netted good prices.
The output is 10000 cases, mainly to-
mat0es, with considerable of peaches.
pears, apples. plums, string beans,
peas, etc. Two new canneries operated
this season and three others are con-
templated for next year.
WOOleR factories have run constant
~ and overtime and were unable to
keep up with their orders, even with
the Increased output.
Hardware and mining supplies show
quite p handsome gain for the year
Clothing trade was lively and easily
held its own as compared with last
year, Notwithstanding the backward
season this fall
Boots and shoes suffered some from
the open season and viii about equal
last year ~ volume.
Drug trade was active, and shows a
healthy growth.
Dry goods business about held its
own, with some gain in notions.
The lumber and building trades have
been quite active, and show a large in
crease.
Furniture trade has been quite good
and shows healthy growth and tone.
Inc gain was little over Is per cent.
Retailers Made Money.
Retail trade throughout the state has
been, on the whole, good for the year.
and the demand is for more expensive
and better class of goods generally.
Mercantile collections generally
throughout the state have been fairly
good on the whole, though in some sec
tons where crop failures occurred mer-
chants have felt the pressure of the
times and have required some accom-
mOdations
In banking circles the year has been
satisfactory, and throughout the year
deposits have held up WELL and money
has been in good supply. While bank
ers generally have pursued a conserva-
tive policy and closely scanned credits
and collaterals, no. difficulty was ex-
perienced in securing accommodation
When the security was satisfactory
Bank. clearings for the year have
shown a remarkable increase over 1900
Of S6460,975. This is owing largely to
the heavy business in mining shares
and the successful promotion and float
ing OF number Of large local enter
prlses IN mining, industrial. railway
and street railway lines. and the con-
sohdation and increase in the capital
STOCK OF several large undertakings and
concerns entaiiing the rapid changing
hands Of large sums.
The mining industry has been ac-
lively pushed, many new properties de-
Veloped and new territories opened. and
many producing mines have been added
TO the list, largely increasing the grand
total Of the dividends paid and the
metal output. The increase in dividends
for 1901 over 1900 is estimated upward
OF S2,OOO,OO0, or over IS per cent. and
OF the metal output at about s.. 2OO. 900.
or around % per cent. There have been
several heavy failures in mining enter
pTlseS, out the most unfavOrable fea-
ture IS the heavy slump in values of
mining shares the latter part Of the
year, for which various reasons are
offered, but which it is hoped will prove
largely temporary, and that the loss
VIII be IN a great measure recovered.
Failures Light.
Failures for the year have been quite
light both as IN u11uo ber and ar,o,,,,ts
as compared with previous years. This /
IS thought partly owing to the fact that
Dur jObbing houses have worked to-
5ether more in instances when their /
customers became involved, and in
many instances arranging matters in !
such manner that enabled debtors to
1de themselves over their difficulties {
and regain their equilibrium.
The following is a list Of the failures /
n Utah for the past ten years. with |
lSSetS and liabilities: