The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-24

is s314,l72,125, there has been paid since
Incorporation total OF $lO9 ,ii1. or
return equivalent 10 81 per cent. Then
there are hundreds of close and private
corporations and individuals, from whom
no reports are received, which go 10
swell the total OF profits from mining,
ahead. West Side wholesalers report a
steady business OF good-sized volume.
Three or four OF the houses state that
their books show some gam over year
ago When questioned as 10 the prices,
they reply that values are being firmly
held There is an impression, however.
in the trade that in the effort TO set busl-
ness these past few months prices have
in many instances suffered considerably
Volume. in other words. Is expected TO
make up for narrow profits. The uncer-
is naturally being felt to some extent
among the Grocers. a steady demand for
food products continues, but there has
been wanting ever since the first OF the
year that characteristic which is ex-
pressed by the world SNAP. In other
words, buyers do not take hold eagerly
most OF the trade this condition is not
Iamented, since money comes in easier
and surer. AS one large jobber has ex
pressed it, Our comparisons are too often
based on the boom year OF 1907. when we
were doing two years business In one,
Every one knows what was the result. "
Guaranteeing Cotton Bills.
The scheme of guaranteeing cotton bills
of lading advocated by several of the
largest banking institutions in the city,
il was learned yesterday. is TO be car
ried out by a combination OF hve surety
companies, whose total assets are in eN-
ccss of SOS 600 900 and whose capital and
assets aggregate SIG. .6oo. 900. These COM
panies, il Is planned, Will guarantee
that all bills Of lading issued were is
sued on merchandise actually deliIerea
Endorsements on the documents are
genuine signatures of authorized agents
While the particulars OF the guarantee
ARA angement will not be announced until
the committee of representatives OF the
surety companies returns from the south
and confers with the bankers. IL mas been
learned from reliable sources that the
concerns interested intend Issuing joint
hond apportioning the individual liabili-
tics IT is argued that bond from a
combination OF five surety companies
wo,,ld be more secure than bond Issued
hy one concern This arrangement was
made with the idea in mind that the gen
| eral expense Incident 10 this ne" loihi
| or insurance would not be quite as heavy
| 10 each Individual company as IT. neces-
sarily would be II they worked jndepcn-
IDENTIFY. Furthermore. the cotton INTERESTS
| are assured that there is considerable
"anitaI back OF the bond and that they
| need not entertain any fear OF the com
! bination failing 10 make good any losses
which may be incurred
Production of Textile Goods.
A shrinkage in the production Of tex
! ,i,, goods has grown 10 enormous pro
| , .ile 80 IN Inc past few weeks, The
inre.st manufacturers OF worsted fabrics
for mems wear and dress ;,ds purposes ,Sis dIy
| c,me NJ the best informed silk manufac-
one ,'irere ei IN MI the trade estimates that less
thir than 45 per cent Of the Elk looms n,on are
running Conservative estimSafs fS6s cniois nmome
Toani IN that branch Of textiles has
rrnsnbed rnenib a fully so per cent and wiz be In.
creased to nearly. so per cent IN inc neTs ie
| os,ht weeks This latter estimate Is
Iba mon the very extensive shutting
9as,n 9asuu n mills which began Saturday a.
moor noon and VIII extend until well after the ths
nnmninp estimates. one dry goods mer-
fGrngto'ifliE c5npt figures That the present ratio o,
conirasted production We you'd n,,Iion msan dol,
icsseun IT, Sol,,e II the current curtailmen'
,aer ,aere 70 be continued for twelve months
and that is a moderate estiInh'e' a.
things considere"