The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-21

= ALT LAKE has been stirred from
one end to the other by the an
nouncement that Senator Clark
has bought the Oregon Short Lines
south of the city and viii extend to
Los Angeles at once. Real estate was
more active yesterday than 10 has been
Tor years. Colonel :. b. Miner made
the announcement that he and his east
ern associates are preparing to found
me iron industry iu Utah as soon as the
necessary traffic arrangements can be
made.
A feeling of buoyancy, Of greater con-
hdence and of energy was infused into
the citizens. The doubters were forced
10 seek secluded spots. for nobody
would tolerate any croakings. The peo-
PIE were awakened to the necessity of
activity in taking advantage of this
golden opportunity TO make Salt Lake
great. a special meeting of the board
Of governors of the Commercial club
was called for this evening to discuss
the best method to improve the oppOT-
tunity offered TO advertise the city and
state and bring in outside capital for
the development Of the resources.
The question Of raising a special fund
of $4,000 TO $4,000 to advertise the city
and bring in manufacturing Industries
/ was discussed by a number of leading
citizens yesterday. the money 20 be
used by the Commercial club to estab-
/ fish special bureau for this purpose.
Want No Fictitious Boom.
Anything tending to create a fictitious
Doom and 10 initiate values was depre-
Gated generally, but the sentiment was
] TVfHaeUr1aF in faFror. Of H.rnrr anr...f1,rr..
/ TO bring I'M manufacturers and add TO
! the producing wealth.
/ The general good feeling was in
/ creased yesterday by the advance of
silver to sos cents an ounce and copper
| 10 IA cents a pound.
! Colonel Miner. who controls large de-
posts of iron and cOking coal stated
( yesterday that capital was ready to put
/ up iron and steel works In Utah as soon
! as the transportation question could be
finally settled With him are asspci-
aJed in this enterprise some eastern
steel manufacturers and some men
( largely interested in iron ore prOduc-
/ ton. The syndicate has the iron and
/ the coal II is waiting TO arrange for
/ the carrying of the iron ore and the
/ coke to the site of the plant and of the
/ finished product TO the market As
soon as this can be done, they will be-
/ gin the construction of a 600-tOn blast
/ furnace at some point yet 10 be settled
/ upon, with a rail mill in connection
/ The building OF the blast furnace
means that pig iron viii be furnished at
I Pittsburg prices TO other manufactur-
/ ers. Any concern that makes products
/ Of iron or steel viii be furnished with
I cheap raw material The cheap fuel
/ is close at hand, and the natural re-
| suit viii be the establishment of iron
| and steel works covering the various
| branches of the industry. The salt
Lake valley has so many natural Ia
| cilities for manufacturing that il is
/ expected the bulk of the factories VIII
| be established in this vicinity.
Real Estate On the Boom.
Real estate doomed yesterday. Peo-
] pie who had been figuring for some
/ time on buying fastened in to close
| the deals. Sometimes they were sue
/ cessful. but often the owners raised
the prices. The principal effect of the
| announcement about the new road was
| TO cause a boosting of prices which in
numerous instances kept buyers and
] sellers apart. On the other hand real
| estate men had q steady stream of IN
/ Quiries yesterday for prospective buy
| ers having from SO to $4,000 to in
vest. A large number of small deals
! were closed and some of moderate size.
! Notices were sent out yesterday by
| Assistant Secretary Fisher Harris call
ing a special meeting of the board of
! governors Of the Commercial club for
! this evening TO discuss the situation
| and TO formulate plans to advertise
Salt Lake more extensively and 10
bring new industries here There was
| e11eb O sentiment anOuo the mem hers
that il would be advisable 90 strike
while the iron is hot" that the meeting
OF the board of governors was called.
/ "The club Is at present sending out
! booklets and taking other steps 90 adver-
| tise Utah. said Mr.. Harris. The defl-