The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-02-14
BUSINESS ON
THE UP GRADE
Improvement is Noticeable in
General Lines.
REASONS FOR GOOD FEELING
REALTY MARKET BETTER
BUILDING TO BE ACTIVE
REASONS FOR GOOD FEELING

Business showed some Improvement
during the past week. There appeared
u be d better feeling all around. Job
bers reported spring orders TO be COM
ing in at an encouraging rate. COM
try merchants have in the heavy snow
falls an assurance of sufficient water
for the crops next season, ana they
are buying with more freedom than
they would if the snowfall had been
lighter. The metal market is in good
shape, and while the speculative mar
ket for mining stocks is dragging, the
actual mining operations are growing
broader and bigger right along
Money is firm, the bankers remain
ing conservative and watching the
eastern situation with a great deal q
caution That has improved TO such
aH extent that money is being loaned
with someW hat more freedom. Never
theIess, collections are still rather
slow.
It is believed that the Russo-Jap-
auese war viii help the west, mclud-
ing the intermOuntain region. There
will be d demand for f0odstums to feed
the armies, and Russia especially is
likely to purchase great quantities Of
grain and meats from the United
States.
Many Prospective Enterprises.
Around Salt Lake several huge en-
terprises are incubating. When they
hatch they can scarcely fail TO give
Sn immense impetus to business of all
kinds. The launching of a $4,000, 900
company to develop the copper min
ing. resources of the southwestern part
of the state is expected before the close
of the coming week, and active opera
tions on a large scale are promised
shortly afterward.
Another contract for grading viii
probably be let by the salt Lake route
in short time. The Western Pacific
will begin in the spring 10 rush work
on the new road between salt Lake
and San Francisco. The Denver
Northwestern & Pacific Is steadily ap-
preaching salt Lake from the Den
yer end Plans are under way for the
extensive development of the iron re-
sources of Iron county and the coal
deposits Of Carbon and Emery coun-
ties.
The government is committed to I'M
dertake the preliminary work G.
vast irrigation project which viii re-
claim 1905 600 acres Of land in the rich
est part of Utah. making it possible
for close to 100000 more people to live
Cache valleys and adding not less than
So GOO 0G0 to the wealth of this re-
a$on.
Drilling For Oil.
Within a few miles of salt Lake, to
the noruhward, Guffey s. Galley, the
most celebrated oil experts in the
warld. are drilling for petroleum, back
iES with fortune their judgment that
oil and gas viii be found in large guam
titles there. Should they be right, as
they always have been in previous I'M
dertakings of this character. Salt Lake
viii be the center of great oil boom.
The railroad companies are preparing
TO spend millions Of dollars for depots
shops and other improvements. Many
other factors are contributing toward
making the business interests Of
Lake optimistic as TO the future.
The real estate business is picking Up.
There IS more activity in building cir
Giles. Plans are being considered for
some extensive building when the sea-
son opens. Among the important IN
dertakings Is the new Packard public
library, which is TO cost $4,000. There
is a demand for building sites. If ma
terial does not reach an exorbitant fiC-
ure and there are no serious labor dis
turbances, Salt Lake is likely to see one
Of the most active building years in
its history.
Bank clearings last week showed an
Increase. They were IS, 135 311.42, COM
pared with S2,946,5 4S32 for the CORE
spending week last year. Clearings
yesterday were $3.50. 1O0.59, compared
with 1881 ,S4S.14 for the corresponding
day Of last year.
There were q few sales Of local com
nerciai stocks and bonds. Yesterdays
quotations were as follows: