The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-02
BUSINESS AND TRADE.

A significant sign OF the full employ
msnt OF industry In this State IS found
In the fact that there we're no hiddsru
on the Government invitation for bids
TO construct the tunnel in connection
with tho Strawberry Valley, reclamation
project when the time came to open
such bids. Contractors all averred that
their hands were full for months ahead.
and that it was impossible for them TO
secure labor and material 20 do that
tunnel work. No better proof could be
asked than this OF the full employment
Of industry in this State and the region
round about
To those conyersont with the actual
| situation, however, this proof was not
needed. for the situation as disclosed was
known, from the fact that the Western
Pacific cannot get as much labor as H.
desires to construct its track west from
this city; that contractors generally are
| short OF labor; and that there are no
| idle men who desire and are able to do
work to be found anywhere.
This city Is q large employer OF labor.
The construction OF the great plants and
| the smelter city at Garfield also require
many hundreds Of laborers. and the West
ern Pacific not long ago advertised for
ten thousand men. The operations at
Ely and the construction Of the Northern
Nevada railway TO that camp also de-
mand largo numbers OF laborers. The
draip of labor in Idaho Is also large In
copnsction with the huge reclamation
| works 1T Minidoka, Twin Falls, and Boise
valley.
No doubt the tremendous demand for
labor In San Francisco has had It's effect
in attracting thousands OF laborers to
| that city. and this In connection with
| The large works mentioned above ac-
counts for the scarcity OF labor all
through this Western country, but In
| fact. the condition is one that prevails
throughout the whole United States.
The great reduction plants at Gar
held are getting on we'll; beginnings have
been made in the treatment of ores, and
by next year there will be such a busy
city there that the whole northern point
OF the Oquirrh range will undoubtedly
be verltable hive of industry. The
metal production Of Utah will this year
amount TO more than $50 900 900, and
next year this $50, 900 900 Is liable to be
increased TO 100000 900 by reason of the
extensive work at Bingham and the com
plction OF the great plants above re-
ferred TO.
1t has been n good year agrlculturnlly
through the State: there has been plen-
ty of water, and the crops have yielded
good returns, Much interest in the hor-
ticultural industry Is felt just now over
the competition of fruit exhibits ut the
Irrigation Congress at Boise this week
Utah Will enter a large exhibit with the
hope of capturing the Clark cup donated
to the congress for the best fruit exhibit
shown at any OF It's sessions.
In this city business continues strong,
both wholesale and retail The jobbers
are reaching out more and more, and
getting In trade that belongs To the city
with the opening Of the new regions in
Nevada, Idaho. and elsewhere Collec-
tions are good, money Is plenty at fair
rates of interest, and enterprise and de-
gelopment are hampered In no way save
by the scarcity OF labor and materials
The real estate market here is good
advantageous sales being reported almost
daily. and the market Is strong Ia prices.
Building operations are very extensive.
cnlling for large quantities of material
and for all the labor that can be had
In the country at large, the great crops
are now assured, On this assurance all
forms OF business are at the maximum
Iron and steel manufacturers are under
rush orders for many months ahead, and
the present year Will undoubtedly show
a record very much in excess in this
line Of anything shown in any previous
year in the country's history. Railway
earnings are greater than ever shown,
and the railway companies are pressed as
never before. Tho demand for transpor-
tation is in excess OF all precedent, and
il is impossible TO get cars enough TO
meet promptly every demand. Foreign
commerce In New York for the past week
shows a gain OF s2,S56.7O9 in exports. and
S3,54Ss76 in imports. as compared with
the corresponding week Of 1905.
Business failures In the United States
are far below the average. The bank
clearapces In New York City Increased
S2.4 per cent over those OF the corre-
spending week last year; those OF the
banks outside OF New York increased II
per cent, and the total increase In these
clearances for the whole country was 2S5
per cent. Trading on the stock exchange
in New York Is at the maximum. the
public absorbing Investment stocks more
freely than there Is any record Of and
besides. there have been various contests
for the possession OF railway stocks
which have run certain stocks far above
the ordinary prices,
Taking IL all together there is no
question but the present year will show
n magnificent record for tho country Mt
largo. and undoubtedly II Will be shown
at the end of the year that the present
situation Is that the country Is on the
top wave Of prosperity In finance COM
merce and all forms of business, beating
all recorded transactions.