The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-25
BUSINESS AND TRADE.

Again the week has been distinguished
phenomenal increase in bank clearings,
continuing the record which has been
seen every week the present year This
increase for the past week was 1913 per
cent. compared with last year, which
certainly is high showing for
the citys volume of trade. And 1t is
a continuous record, by no means the
largest of three months. AS can well be
deduced from the increase II entioned,
trade is active and the financial situa-
tion Is very strong. The realty market
here is firm and active. with large sales
reported from day TO day; the demand is
very great. and the feeling is OF absolute
security In realty investments here OF the
glt-edged sort The building season bids
fair to be a record-breaker. and is al
ready becoming active.
The mines OF the State are turning into
the channels of business two and a half
million dollars per month The wool clip
which is about To be put upon the mar
ket. will bring the fiockmasters four mil
lion dollars. all to be settled through the
banks OF this city. The abundant SHOWS
the coming season and the ranges are
renewed being now In better condition
than for many years.
The Garfield Improvement Company Is
very active in construction at the new
smelling center on the west side OF the
valley. 1t is putting up five hundred
buildings, these including cottages for the
smelter workmen, boarding g-houses. lodg-
Ing houses. storehouses. warehouses. etc.
In all, about million dollars will be
spent in this construction contract In
the meantime. the great plant of the
American Smelling Company is shaping
up. and the other big concerns which NIL
minal base OF the Oqulrrh range one OF
the great ore-reducing plants of the
world are getting their plans In order
The week has seen decided advance
here in the clearing-away work OF the
Western Pacific, Its right-ofway into
the city is being opened up. and many
buildings, some Of them very good struc-
lures too. arc being demolished II is
and connect the slight grading which Will
be required between here and Lake Point.
with the long stretch of grading that has
been done beyond there by the Utah
Construction Company the past winter
The laying of track on this portion Of
the line viii materially help in the grad
ing lDdI is contracted tuTtner on.
The Western Pacific has also made an
important move the past week In San
Francisco. purchasing In that city con
siderable tract OF land near Ninth and
Folsom streets. ut cost OF 81 $40 .0n and
the improvements II will! make on this
ground Will cost 100000 more.
Monat's road the Denver & North
western. has been active during the
week. The construction from its present
terminal at Sulphur Springs. 10 Salt Lake
City, having been satisfactorily financed
large parties Of workmcn have been put
upon the difficult parts. in Gore canyon
and at the Continental Divide where
long tunnel VIII be driven. II is expect
I'd that soon active construction will be
begun at this end OF the line
In the country at large unreasonable
weather has retarded retail trade and af-
fected jobbing sales. But the heavy
SHOWS. otherwise hampering, have bene-
1ted the winter wheel Railway earnings
FOR March thus far ore 81 per cent above
asst years. There is steady and heavy
demand for steel rails. No decrease Is
noted In activity in the textile mills For
.ign trade shows a heavy gain in i'm
ports for the week. compared with the
corresponding week last year.
Business failures are far below former
'ecords. and altogether the business and
financial situation is so cheerful that the
country is surc Of a record year.