The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-30
BUSINESS AND TRADE.

The special event OF immediate I'M
portauce in business circles IN Salt
Lake at the present time is the great
excursion to Ely which started III fine
shape on Friday evening from this
city on q special train which VIII re-
turn on Monday evening, TO participate
| IN yesterday ''Rallroad Opening
Day. the track now being laid to that
point. Salt LaIiers have a fine foot
| hold in that great and rich mining
region. and viii undoubtedly do their
share in its development. There Will
be built up at Ely and the neighboring
camps great mining center not eX-
celled by any III the United States.
In fact, 1T will probably be the very
foremost CT all. Salt Lake will be the
natural business center and metropolis
for all that country, and the cTrand
of the Salt Lake business men who are
on this excursion is 10 afford every
and for concentrating in Salt Lake the
commercial future both for supplies
and for marketing the ores Tor all that
mining output.
In this city every form Of commerce
IS running along in excellent shape.
Business is active, collections are good,
and everything is hopeful for a year
clearances OF the past week show
gain over those of the corresponding
week of last year of 29.5 per cent The
real estate market is good, and build
ing Is progressing at rate never be-
fore known.
a new and extensive annex to the
Dooly block is one OF the features Of
the week newly announced. Another
feature is the turning over of the
Boulevard by the Commercial Club to
public use. This is one of the great
attractions Of the city and Will make
scenic drive unexcelled IN the world.
The mines Of the State continue their
very great output, amounting to. over
s30,000,000 this year. The smelters are
doing their share fully and well in
handling the immense quantities Of ore
that are brought In for treatment. The
new plants at GARFIELD will presently
be in operation in all their depart
ments, and they win add a capacity
for handling ores unrivaled anywhere.
The vast bodies OF ore that can be
duarricd out at Bingham for treatment
by these new plants are source of
wondering surprise and amazement for
every one who beholds them.
II has been d frst.class year iu all
agricultural development and product
OF the State, and the farmers are real
izing prices for their grain, their vege
tables, and their fruit, such as were
never before known.
have been splendid aud confidence in
every form OF business and industry
is Of the irmest character. Distribut
ing trade is in tremendous volume and
industry was never so active or so
little hampered by contention or
satisfactory and the outlook for win
ter is bright. The iron apd steel Indus
try of the country will show new
mark away above ANYTHING ever be-
fore known. Traffic facilities are made
qustc in spite Of every effort of the
railroad companies TO meet tho tre-
mendous pressure that is brought upon
them. Railway earnings for Septem
ber thus far show un increase of 10.6
per cent over the similar period of
last year. Business failures are away
below the average, and the commercial
activities of the country wcro never
so large and so widespread as now.
The bank clearances Of New York
show a gain Of l6.7 per cent as com
pared with the corresponding week of
last year Outside OF New York the
banks report an increase Of 6.1 per
cent. making total increase for all
of 1913 per cent. New York continues
TO cry out that there is a shortage Of
money, and in order 10 meet that fcti-
tious shortage gold is being imported
bv the tens Of millions of dollars. This
gold comes mostly from London, that
can we'll epere it, since London i5 get
ting gold from the Rand at the rate
Of over 40 000,000 month. The total
production of the Rand mines for the
eight months Of the present year was
upwards of $7S,000,00o. and this on an
increasing scale. the production for
August amounting to 509 Is fine ounc-
es. Rhodesia reports 10000 fine ounces
Of gold sent TO London for the same
month. The production Of all of South
Africa win undoubtedly reach as high
as $125.000.o00 for the present year.
London gets it all and can easily spare
a few millions Of dollars 10 brace up
weak -kneed New York.
The stock market is in good form,
with heavy demands and large takings
of investment securities. All in all,
the wear Will undoubtedly. present
new record in all forms of commerce.
business, and industry. And tho out
look was never so good as now for the
continuance OF the country's magnih-
cent prosperity.