The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-24
BUSINESS AND TRADE.

1 lie mining districts In Eastern Neva-
da are proving an immense attraction
to Salt Lakors Tho new railroads
building Into that region, tho Nevada
Northern from Toana to Ely. and the
Western Pacific to an Intersection with
that road, will afford transportation for
shipment of ores, concentrates, matte,
and bullion. such as the camps there
have long waited for to pour their rich
es into the channels of commerce. The
Nevada Northern Is completed to with
In about twelve miles Of Cherry Creek,
and barring unforeseen difficulties Will
be through to Ely by September 1st
A daily train service is to be put on,
beginning tomorrow. Tho immense cop
per deposits at Ely and the tremendous
mineral wealth of that whole region will
make Eastern Nevada a center Of ac-
tivity that will compare favorably with
the great rush to Tonopah, Goldheld.
and Bullfrog. Salt I4akers have the call
mostly on these great mines. We look
to SEQ now Anaconda built up at Ely
within the next few years
The Western Pacific is putting fifty
million dollars OF thirty year Ave per
cent coupon and registered bonds on the
New York market. under pledge that
tho main line from Oakland will be com
pleted to Salt Lake City by September
Ind. 1908. The main line. Salt Lake to
San Francisco, Is put at 500 miles in
length. there VIII be twelve branch
lines, agsregating i21 miles. making q
total of twelve hundred and twenty-o
miles. Work on this road Is being
pushed with the utmost energy. The
grading between here and the point OF
the mountain Is we'll advanced, the rail
connection with the Rio Grande Western
system is made. track laying Will doubt
less begin without delay, and the great
Union Depot for the convenience OF the
Rio Grande Western and the Western
Pacific Will be begun within sixty days
The oregon Short Line is pushing Its
branches in Idaho. and 1t has given
out that It Will build a number Of new
depots. including one at Brigham City,
one each at Caldwell. Payette, and Wei
ser Idaho. besides one at Ontario. Ore
gon.
In this city the most important deal
OF the week is the purchase by Lichten-
stein of the lot at the northwest corner
OF Main and Fourth South streets for
$40. 900. A considerable number OF lesser
sales. however. are reported daily. and
the real estate market IS in excellent
shape Building activity is great and
will probably eclipse all records.
The mines continue their rich output,
amounting to over s2.500.o 900 q month,
and the great smelling plants of the
valley take care of the avslanches OF
ore IN excellent style. The new reduc-
tion works at Garfield. on the west side
of tho valley, progress we'll. and every
indication is that this valley will be
and remain one of the greatest smelling
centcrs in the world, The mining divi-
dends for June figure up s1,10s. 900,
from Utah mines The copper product
of Utah's mines continues in the ascend
ant. and the copper market Is strong
The United States Government Is ad-
vertising for nearly six hundred tons OF
copper. and most of 1t specified to be
Calumet and Hecla. but over seventy
tons being cold rolled copper.
All the productive interests of the
State are exceedingly promising at this
time. and 1t looks as though Utah
would have record year in every de-
partment
The business situation In the country
at large Is strengthened by the good
crop reports. which assure plentiful har-
vests The railroads are doing an i'm
mcnse business. their earnings for June
showing an increase Of los per cent over
the last years figures. Tho indications
for the fall trade are unusually bright,
and the probability is that the present
years prosperity will outshine that OF
any other year In the history OF the
country.
Tho gold supply of the world will be
increased the present year by upwards
of one hundred million dollars from the
Transvaal Rhodesia Is coming forward
also with a record breaking year in gold
production. the five months already re-
ported almost equaling the total out
put OF Rhodesia in 1903, The gold out
put there is now averaging something
over 10000 ounces per month. or at the
rate of ten million dollars year At
rlca Will undoubtedly show a product
this year In gold very far in excess of