Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-01-03
BUSINESS FOR
THE PAST YEAR
R, G. Dun & Co.. on Conditions in
Salt Lake,
FAIR GAIN is INDICATED.
Shortage In water supply Was the
Most LpfavorabIe Feature-The
Beet Sugar Industry.

George Rust local manager for II. c..
Dun & Co., thus reviews business con-
ditlons in Salt Lake for the past year;
Conditions during the past year have
not been In all respects of the most
| propitious for this marke; and territory
but there have been redecming features
| and jobbers and business men generally
have had a satisfactory year. Absolute
hgurcs are not yet obtainable, but care-
ful estimates indicate a fair gain in
leading Jobbing lines.
The most untayorabe features In the
situation were the continued shortage
In the water supply IN some localities,
the lcN prices of metals and the de-
pressed condition Of the mining stock
market.
The large amount Of railroad con-
slruction works In progress, however,
ana the accompanying demand for ma
terial and supplies for the railroad com
pahies and their worlSmen. have great
" counteracted the effects Of the un-
favorable condition.. Also merchants
nave been quite conservative, and
bought ottener and In smaller quanti-
Ties mus patronlzlng the home market,
IN many Instances, where, under other
circumstances, a larger proportion OF
their orders might have gone to east
ern markets.
In hardware, groceries. dry goods, no.
tions clothing, shoes, drugs and furnl-
lure the increase over 1901 Is estl-
mated conservatiyely to average from
10 TO 10 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 $4,000
cases, an Increase Of rs per cent, and a
large portion OF the output sold al very
good prices. owing to fears of shortage
caused by early frosts.
The beet sugar industry made con-
siderable Roadway, the OUTPUT being
5hVOOOOO pounds, an increase of over
% per cent one company has spent
about $4,000 in improvements, etc. and
expects 10 spend during the coming
year, Sl25O,OOO In new factory. canals
ana improvements In new district.
An alliance to some extent of the beet
interests with the cane sugar interests
and the investment of considerable
eastern capital In the Industry further
assures its future growth and prosper.
fly, ''' ''''Pe'
Building operations have been ouite
active, permits for 1902 to Dec. Is. be.
ing as follows New buildings ROB-
value, 2,O23U4. Additions and repalr,
III, value slS3 22G. Compared with l0Oi
from jan 20 Dec. 81: New BUILDINGS
426, value. S94i.S 800. Additions and re-
pairs, $780, value, Sl30O25. Two largo
new Office buildings have been com.
pleted ana al least one is now being
Planned Also ground has been broken
ana start made on a new federal
nulldlng, Tor which the appropriation il
Mercantile collections throughout tho
year nave not been satisfactory but
money mas been plenty and easy for the
greater part OF the year. bank state.
hehts showing prosperous and easy
condition Bank clearlngs for the first
II months OF 1902 were S155 S0S lea a.,
compared with Sl66Osi.O12 for the same
perlod last year the decrease owing
emery 10 the lowered prices OF and
smaller trading In mining stocks ana
Failures and defaults shcv an in.
crease both as to numbers ana
amounts, the figures for the first II
months Of 1902 being IS failures win
assets Of S2Ol539 and liabilities of
STILES, and for the same period las,
year. 80 failures, with assets of 400 |
sl6, and liabilities Of s22I62S. However
the amounts for 1902 were quite largelv |
increased DN soyoral laro. ,,,i,,t. = - |
ures '""'
Mining matters and develonmer, |
nave progressed rapidly notwitbstand |
ing the ruling low prices of metals ana |
Whlle figures are not yet obt9lnahle |
the output IL largely Increased TSs |
greatest development has probably no..
CURED In the Park City and Rsaver |
county properties, and number of nav |
producers have been opened up during
the year D''"s
The jobblng outlook Is regarded ne
encouraging, our merchants reaching |
further aiield and finding a good outlet |
IN Idaho and neighboring states. Con-
iderable new railroad and public i'm.
work Is under headwav ana |
more In prospect. and good snows
promise better water supply for tho
new year. ''e