The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-27
BUSINESS AND TRADE.

Tho rains OF tho latter part of the week
again add 10 the confidence In the ample
water supply for the season. The pleas
anty cool weather which prevails also
aids to conserve the water supply and
prevent the too rapid melting OF the
SHOWS in tho hills. Tho outlook for the
season Is tho best for water users OF any
year for n long time.
The beginning OF the tracklaying on tho
Western Pacific limo In the city during
the week was a noteworthy event. Con-
nection was made with the Rio Grande
Western tracks; 30 that now locomotives
can run on the Western Pacific rails,
Tho grading westward across the valley
to connect with the grade TO the State
limo will be easily and quickly made.
This city and tho portions OF country In
this State contiguous to this road Will
not need to walt for the through connec-
ton with San Francisco to receive rich
benefits from this new line Of railroad.
The Deep Creek country ie already look
ing up and Will be immensely relieved
by the construction and operation OF the
limo upon which tho speedy laying OF
rails is to be expected. Supplies can soon
be shipped In there quickly and cheaply'
and tho large tonnage OF ores awaiting
cheaper transportation can be moved TO
the smelters of this city.
The metal mines OF the State are yield
ing their regular output at the rate of
thirty million dollars a year. Their ore
bodies are great and dependable; the ore
reserves are kept up we'll ahead. and
their managemcnts arc able and conser-
vativo No wonder these mines are es-
tablishing a favor and a standing In the
financial world such as no others possess,
The smelters arc doing their full share In
the fine record the State is making. by
their skllful and business-like handling
of the masses OF ore sent to them daily
for reduction. Tho completion OF the new
and extensive reduction works at Car
field on tho west side Of tho valley. will
call for yet greater production from the
mines and this will easily be realized
The enhanced price of silver Is encour-
aging and Mr.. Guggenheim's opinion that
silver will reach rs cents an ounce during
the present year adds solidity to the in
creasing satisfaction with which our NIL
ming men view the silver situation.
Business IN the city Is on a large and
increasing basis Tho bank clearances
| for tho week just past show a gain over
those OF the corresponding week last
year. of 55S per cent, which, gratifying
as il is. Is less gain than the average
weeks report has shown since tho be-
ginning OF the year. The total clearances
for the first four months OF tho present
year are s95. .710524.S6 as against $50. 49,
81, the increase being rs per cent. This
is a record which but few of the cities OF
the world can approach.
All these ngures clearly prove that
| there Is a decided Improvement In busi-
ness and industrial activity; and the uni
formnIty OF that increase proves that the
| Improvement is continuous and will last
! Collections are good. and the commercial
outlook Is OF the rosIost character
Conditions throughout the State are
also OF the most cheerful nature. With
ample water, ranges above normal. the
great wool clip that brought abnormal
prices, no materially damaging frosts
nothing better could be asked than what
tho present outlook seems to assure
The general industrial activity through
out the country Is unabated. The crop
reports arc cheerful. and the present year
| promises to exceed In volume of trade.
Industrial progress. and commercial and
financial development, even tho record
of last year. overwhelming as last years
prosperity was, The financial situation
Is strong The gold imports continue, in
settlement of accounts, Railway earn
ings for the month show a gain over
last year 50 far OF II per cent Foreign
| trade shows FOR tho week, a gain OF
| 81. .a34, ,259 In exports and 81 134, sol. In I'M
ports compared with the like week OF
1896, Business failures show an In
crease over the corresponding Week az
last year, tho California calamlties swell
tr,p n ~ all LII
| production is the demand more than
keeps pace with It. The year promises r.
| be record-breaker In all lines of bust
| ness, commerce. and finance
NOTHING DOING