The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-05-07
RAILROAD NEWS
HAS INFLUENCE
Affects Local Trade Conditions in
Marked Degree.
GOOD CROP REPORTS ARE IN
VOLUME OF BUSINESS AND GEN.
ERAL TONE SATISFACTORY.

General business conditions could not
have been improved the past week.
There was d conservative tone that
was trying to the nerves of some who
wish to be ia a rush all the time but
from actual results. volume of bust
ness. lack of failures and general sta
bility there was little to be desired.
Railroad news was again the domi-
nant factor in the situation. The ex-
cursions on the San Pedro to celebrate
the opening of the road; the continued
talk concerning the opening of the
Western Pacific; the Union Pacific
meeting at which 500. O0O. 600 additional
issue of stock was voted. and the ar
rival of the gasoline motor car on the
Union Pacific all had a tendency TO in
fuence local trade.
There was a Iull in Western Pacific
movements that was not understood
locally Following the subscription
more than twice over Sor me issue of
$50 0O0 600 bonds for the construction of
the road. the move by the Rio GTandc
Western to construct a, spur 20 connect
with the Western Pacific yards in this
city. and the heraIded meeting OF the
directors in New York led salt Lake
citizens to look forward to great de
VeIOpments in the near future The
quIet that has followed all this actiV1fS
gives rise to the impression that the
Gould and Herman interests must
have reached an agreement in the east
At the same time local experts on rail-
road matters who have watched de
veIopments for years are confident that
the Western Pacific viii be built with
CO pftai furnished by the backing 81
George J. Gould and within the time
/ specified in the recent dispatches.
Plenty of Snow and Rain.
\ factor that exerted A strong in
fuence on local trade conditions
/ throughout the week were the reports
/ that came in from ali sides concerning
/ crop conditions. They were invariably
/ good Snow and rain have fallen to
such an extent in the mountains that
{ sheep, and cattle are well cared for
there have been no heavy fTostS TO
/ interfere with crop conditions the
/ acreage IS heavy and nothing appears
t on the surface at this time to indicate
1 that the crop i'm all lines. including
/ fruit and vegetables. Will not he as
good as any ever raised in this section.
/ The report from the beet fields IS
/ especially good and this has come to
; mean much in local financial and bust
/ ness circles
/ Building operations are going for
| ward satisfactorily There was 10
/ strike or other labor disturbance at the
I opening of the month. and all the
I mechanics seem to have ali the work
4 it is possible for them to handle. Build
ing thus far Is confined largely to
I moderate priced homes, and 10 the COM
pletiOn of the larger buildings begun
/ some time ago. At the same time there
are prospects for a busy season all the
/ way through
! Money is plentiful. The bank clear
/ ings show an increase of practically
+ 81 GOO .0C0 over the previous week Local
dividend paying commercial stocks held
( their own during the week ana III some
. cases made gains The consolidation 81
the two Idaho sugar companies and the
. issue Of a 81 600. 600 stock was feature
+ of the week in this line.