The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-23
BUSINESS AND TRADE.

The week has been busy in convention
work; the Republican State convention
was held under avowed church patronage.
The American State convention was
free body, resistant to church aggression,
and seeking to establish conditions here
which will invite industry, capital and
progress. Mover has the city had such
triumphant prosperity. such magnificent
Improvement and growth as since the
triumph OF the American party last fall;
and it is confidently expected that the
county will share this advance with the
victory Of the American party in Novem-
Der.
Business In the city Is In splendid con-
dillon, Transactions are large. good
prices prevail, and collections are salts
factory. The increase In bank clear
ances tells the story in concrete form
when IL shows a gain Of S6.S per cent
over the clearances of the corresponding
week In 1905.
The very extensive public improve
ments being made, which have in en-
poy over a thousand men and will cost
two million dollars. give solid founda
tlon for large business There Is also in
process of construction and completion
many fine business blocks, and dwelling
houses are being put up in every part Of
the city. The story of the building per-
mits is eloquent on this point; during the
stated value OF 81. 900 In structures,
| have been issued. compared with 3s4
permits and 1921 900 value for tho same
period last year. The increase In value
| amounts almost to 100 per cent The
definite announcement is made of a large
business block to be erected by Mrs,
| Judge next year. on property she recent
ly bought, the southeast corner of Main
| and Third South.
The realty market is In strong condi-
tIon, with good sales reported at fire.
quent intervals. All recognize the fact
that money put into Salt Lake realty is
certain Of productive results. since this
city Is bound TO be one OF the great
metropolses OF the country. uprivaled
in reach OF thousand miles. Large
demand for Salt Lake real estate can
constantly be expected and satisfactory
result confidently anticipated by those
who invest in II.
The State at large Is having q vastly
prosperous year Crops are at the maxi
mum in yield, and bring top prices. The
season has been extremely favorable gem
orally, in all forms of agriculture. horti-
| culture, and stock raising.
| The mining industry is the chief
| wealth -getter for Utah The metal prod
| uct of the State for the present year is
| certain to run up well over thirty million
| dollars. AS copper producer the State
| is coming into the front rank, while as
| a lead producer IL is maintaining its old
! prestige; also In silver. and its gold out
| put is constantly enlargiug.
| The pushing of the Western Pacific is
| going on with vigor The track Is now
completed nearly eighty miles west from
| this city. and by spring It will doubt
| be finished across "the desert and soon
| thereafter Will cross the Nevada North
ern, when the vast riches OF Ely will be
easily tapped from this city. giving long
| needed relief there and expanded trade
here. The Molfat road is being energet-
| lcally pushed hitherward from Denver
and the rumors OF the coming OF the
Chicago & Northwestern, the Chicago,
Milwaukee & st, Paul, the Burlington.
| and the Rock Island continue. In time
| they Will all materialize. for the enor-
nous advantages of their construction to
| this city are too plain 10 be overlooked
| In the country at large business con-
| tinues on the food tide basis. The VOL
| ume Of domestic trade is beyond all pre-
| cedent industry is In universal employ
! ment and the demand for labor cannot
| be met Tremendous demands are made
upon the railroads for transport alton In
| hauling goods and marketing the crops;
| so much so that In spite Of increased
| facilities. traffic ~blockades are frequent,
and the railroad earnings show gain of
| ILL per cent thus far over September
| OF last year. Commercial failures are at
| the minimum.
The bank clearances in New York for
| the week were 53,1 per cent above those
| of the corresponding week last year. out
| side of New York. 1l.3 per cent above
| with total increase of 25.4 per cent.
Speculation in Wall street Is stimulated
| by the imports OF gold that are aided
| by the United States treasury, thus far
| they amount TO about thirty million dol
| lars. The demand from the country"
| for currency is very heavy. and high rates
| are looked for. despite the heavy gold i'm
| ports tas Bradstreet puts it). until after
| October, when the crop movement is ex-
| pected 10 enlarge.
The developments OF the week through
out the country are strictly In line with
the optimistic reports which for the most
Of the year have come from the indus
trial financial and commercial centeps