The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-01-04
TRADE REVIEW
FOR SALT LAKE
Dun & Co. Tell of Conditions
During Past Year.
6US!NESSWAS SATISFACTORY
WATER SHORTAGE AN UNFoR-
TUNATE FEATURE.

tSy Geo. Rust. Manager R. G. Dun & Coz
Conditions during the past year have
! not been in all respects of the most
propitious for this market and terri
tory, but there have been redeeming
! features and jObbers and business men
I generally have had a satisfactory year.
! Absolute figures are not yet obtaina bic,
but careful estimates indicate a fair
/ gain in leading jobbing lines The
/ most unfavOrable features in the situa-
I ton were the continued shortage in the
water supply in some localities, the
/ low prices of metals and the depressed
condition Of the mining stock market
ihe large amount Of railroad con-
Struction work in progress. however
and the accompanying demand for ma
teridi and supplies for the railroad
companies and their Workmen, have
greatly counteracted the effects of the
unfavorable condition. Also mer-
chants have been quite conservative
and bought oftener and in smaller
quantities, thus patronizing the home
market, in many instances, where, I'M
der other circumstances, a larger pro-
portion of their orders might have gone
to eastern markets.
In hardware, groceries, dry goods,
notions. clothing. shoes. drugs and fur
niture the increase over 1901 is esti-
10 per cent 10 Is per cent.
The sheepmen have had a very fair
year, the clip, which brought somewhat
better prices, being about $4,000, 900
pounds. a gain of 10 per cent over the
year before
The canneries had an exceptionally
good season, packing about 275,000
cases, an increase of % per cent, and
large portion of the output sold at
very good prices. owing to fears of
shortage caused by early frosts.
The beet sugar industry made con-
siderable Roadway. the output being
81 100000 pounds, an increase of over
% per cent One company has spent
about $4,000 in improvements. ETC..
and expects to spend during the coming
year 81, 100000 in a new factory, canals
and improvements in a new district.
An alliance to some extent of the beet
interests with the cane sugar interests
and the investment of considera BILE
eastern capital in the industry, further
assure its future growth and prosperity.
ity.
Building operations have been quite
active, permits for 1902 to Dec. Is be-
ing as follows: New buildings, 502:
value. S2.023.194s additions and repairs.
H. value, $1S5, 226. Compared with
1901 from Jan, 10 Dec S1-NeW build
ings, 426; value. 1914, 500; additions and
repairs. 100; value. $780, 25. Two large
new office buildings have been COM
pleted and at least one is now being
planned. Also ground has been brok-
en- and start made on a new federal
building, for which the appropriation
is $500, 600
Mercantile collections throughout the
year have not been satisfactory but
money has been plenty and easy for
the greater part of the year, bank
statements showing a prosperous and
easy condition Bank cIearings for the
first eleven months of 1902 We're s155,-
sos, 4SS as compared with s165, Oh for
the same period last year, the decrease
owing chiefly to the lowered prices of
and smaller trading in mining stocks
and securities
Failures and defaults show an in
crease both as to numbers and
amounts. the figures for the first elev-
en- months of 1902 being sixty-five fail
ures with assets of S201, $50. and liabil-
tiles Of S411,123, and for the same pc
Rod last year, fifty failures with as
sets of SI2z,946 and liabilities of S227,-
62S. However. the amounts for 1902
were quite largely increased by several
large mining failures
Mining matters and development
have progressed rapidly. notwithstand-
ing the ruling low prices of metals. and
while figures are not yet obtainable, /
the output is largely increased. The I
greatest development has probably oc-
CURED in the Park City and Beave.
county properties, and a number of |
new producers have been opened up
during the year.
The jobbing outlook is regarded as
encouraging, our merchants reaching |
further afield and finding a good out
let in Idaho and neighboring states. I
COnSidera Die new railroad and public {
work is under Roadway I
and more in prospect, and good SHOWS I
promise better water supply for the /
new year.