The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-08
TRADE AND BUSINESS.

The opening of conference has been the
great event of the week. it brought prob
ably ten thousand people TO the city all
OF whom had something In view which
they desired to buy. 1t is noteworthy
feature of the conference crowds that
those composing them mostly leave home
with Il wcll-detined purpose OF buying spe-
cial articles in this city, and often this
has been kept In mind for months. And
quite natural IL is too. because the great
er variety on sale here. and the cxtraor-
binary range I'm choice afford desirable
opportunities for selection. And then
the merchants and traders generally take
especial pains TO do well by the confer
cnco visitors. so. the mutual advantage
OF each makes business lively always dur
ing conference week.
That the trade of this city is in n pros
porous condition is evident from the large
and continuous increase In the bank
clearingS. For the week just past these
Increased G2.9 per cent over those Of the
corresponding week last year. And this
which has prevailed here since the open
ing of the present year; II lis about tho
average increase that has been seen from
week to week Collections are good and
money is abundant. The realty situation
Is very strong and building Is sure 10 be
active and extensive
The season of the wool clip Is upon us,
with uncommonly high prices for wool,
The estimate that the clip Will be forty
million pounds short for the whole coun-
try tends to stiffen prices Probably
there VIII be no sales below twenty cents
and many at twenty-five cents a pound
or perhaps something over for choice
fleeces, 1T Is a fair estimate that four
million dollars will be paid out from Salt
Lake banks within the next few weeks
for wool The fleeces Will average heavy
this season, too. for the winter has been
favorable, with small losses; the sheep
came out sound and strong; And they
will have a good summer, too, for the
SHOWS have made the feed abundant. and
there Will be liberal arrangements for
grazing the forest
The mines OF the State continue their
heavy output I'm excellent form. OF two
arrangements take care of this great out
put fully, and when the great plants at
the west OF this valley are completed, the
mines will be drawn upon for a material
increase In output; and they are In splen-
did condition TO respond. as they always
have. TO every draft upon them.
The feeling throughout the State,
caused by the high prices for wool and
general farm products. and the excellent
prospects for the opcoming season. Is of
the most cheerful character; the farmers
all have money. and cash is pretty thor
oughly distributed throughout the State
In the railroad field, the Salt Lake
the great storm In southern Nevada. The
Western Pacific on Tuesday last invited
proposals to build 1lo miles OF track in
Nevada, from tho eastern State line (to
which the Utah Construction company is
grading from this city, to Dceth on
the Humboldt The Western Pacific Is
dlSo dctNciS puSnihG "olh oH It's en-
trance route into this city
In the country at large, the first quar-
ter OF the year shows IS per cent larger
bank clcarances than in any other year;
liabilities OF commercial failures were
smaller than In any quarter of record,
railway earnings in March were 6.9 per
cent larger than last year.. and foreign
trade for the week showed substantial
increases. The winter wheat outlook is
almost ideal" and the indications, In
spite of the threatened coal strike. are
for record year
In New York City there has been man
fest during the week speculative short
age of money. and this has retarded stock
trading II is quite possible that the
shortage is artificial. and was created for
the purpose OF repressing speculative ten
dences. on tho whole the financial.
commercial. and industrial situations
were never better than now.