The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-01-15
FINANCE AND MINING.
The Business Events Of tie
Week Just Passed.
ORE AND BULLION OUTPUT.
The Chamber Of Commeree-The
Money Market-Locnl Stocks-New
Smelters-From the Miues.

The most important event in busines
circles during TIE wsek Just passed
was the annual meeting of the mem
bers OF the Chamber of Commerce. an,
the election of officers and directors t,
serve during the ensuing year. Tha
there was but ore change made in these
speaks volumes in favor of the gentle
men who were intrusted with the dutie
and responsibilities of managing ant
controlling the affairs of the institu.
ton in its infancy. The progress of The
Chamber has been steady and yet phe-
nemenal; from few members al first
1t has grown to the fullest extent posi-.
BILE under the existing bylaws. and
Yet there are many who are eagerly
ciamorlng for admission. During the
hrst nine months of its existence. the
members have been, as a rule. very
prompt in complying with all the de-
| mands MADE upon them in a financial
way, and at the same time il is pleasing
10 know that these have not been at ali
heavy. Each week has witnessed addi
lions TO the Chamber in the shape O.
some of the products of Utah-ber
mines, gardens, orchards, and farms:
| her quarries of marble and buildise
stone; the work Of her artists, and the
output OF her factories, until now. it is
safe to say, there is no more interesting
place, either for the toarist, the seeker
alter profitable investment, or the
average citizen who has q desire to see
Salt Lake grow and prosper, than the
rooms OF the Chamber of Commerce.
Ihey are pleasantly situated, comforta-
Oily furnished, and should attract the
members much more often than thew
do. The idea seems to have gone forth
that tbs Chamber seals it's doors to all
but members or tourists. This is not
SO. The gentlemen in charge will al
ways be found ready to receive al whe
may wish TO enter and view the Utah |
products there placed on exhibition, |
All are welcome.
The first year of the existence of an |
organization such as this, usually de-
cldes Its tate. l., as in this case, when
the annual election takes place all is
peace and harmony, and the same spirit |
OF progress manifested during the form
ing of the Chamber is manifested.
Ii
than ever in the desire to pull to-
gether for the public veal, it NAV be
set down as certain that the success of
The association is assured: and that
it will sail onward with
lying colors, and achieve the success
which II started out with determine
ton to attain.
We believe there is not a member of
,he Chamber, or, in fact, an enterpIis-
ng, progressive citizen in Salt Lake.
Who does MOI feel thrill of pride and
at the happy results so far
and who is not willing to do
I'll In his power to help the Chamber of
commerce On to the goal 1t started out
o reach.
Business, it must be admitted, is quiet :
N all hands. although, at the same
ime. a comparison with the same period
# year ago, finds US considerably in
dVance. The first two weeks preced- +
ng the holidays of 1886 7, were not '
early SO lively in business circl as
ave been those just past, and in add /
ION to this there was a universal lack t
L the same hopeful feeling that now I
eryadeS every resident of our com
lunitY as TO what the near future mas
q store for US. We may naturally ex-
ect a quiet season for q couple of !
lonths to come, but when they re- c
MEMBER the booming holiday trede, I
lerchants generally do not seem averse '
D II.
The erection of smelters few miles
rom Oasis, on the Utah Central Rail :
Tay, at which it is proposed to beat the c
res of the Detroit Mining District, will q
give a boom to that section !
the country, and put in employment y
lany OF the idle men who are at pres n
ut baSkIug IN what sun NAV ue OBJ q
aimed on the south side of a wall, or n
FASTING their shins at saloon stove
Inc OF these smeiters, we learn is al n
3ady erected about eighteen miles east f,
t Oasis, and another is row in course n
construction on the banks of the n
evler River, about one mile north OF |,
lie railway station. The Detroit Min s.
lg District is situated thirty five miles i
ofthwest of Oasis. One is expected 10 nj
e In full bl ist soon, and the other by T
he time spring opens-possiblv sooner /,
latterlng reports have reached us, of 8
Iloi COnCernlng Cne great resources OF v
lis district, which contains copper, y
Did and silver ores. bismuth, iron, etc. q
AS to the meaning of the incorpora-
on of the Rio Grande Pacific, and lis e
lbsequent application to Congress for +
right of way across the Uintah Indian 6
eservations, there does not seem to be c.
lore than one opinion among those =
est known in railway circles. A rail- =,
ay man, whose nose is ever on the 1
,ent fnr new developments, said yester- L
Ry that eastern advices were positively
J. the effect that the road would be
nit. There was not, in his estima-
on, the faintest suspicion of bluff"
J had been so positively asserted by a.
lany al the time of the announcement =,
the incorporation. There seems to =.