The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-16
BUSINESS AND TRADE.

The week in business, trade, and In
dustry In Salt Lake has been an excellent
one The bank clearances continue their
favorable showing, those for the week just
past having been 30.7 per cent In ad-
vance OF the corresponding week last
year. Public improvements are being
pushed forward with vigor and success,
and tho town is a yertable hive Of In
dustry. There Is more demand for labor
than there Is supply. and the business and
industrial conditions are In every way ia
yora BILE
The beet sugar crop this year is re-
ported in every direction to be of the very
best quality, and while the acreage is
somewhat less than last year. the yield
Will be greater, both In beet tonnage and
In the saccharine quality OF the beets.
The season for cutting and sugar max
Ing Will soon begin now, and the factories
Will take on their annual hum Of business
and activity, Undoubtedly the sugar pro-
duct from the Utah and Idaho factories
will this year be largely In excess of the
product of 1905.
The railroad news that came from Den
yer yesterday indicating the combination
Of the Moffat and Gould railway interests
amplihes prior reports TO the same ef-
feet. The tunnel under Marshall Pass
which was foreshadowed, would afford
very much shorter line from Pueblo to
| this city than the present trackage af-
| fords, while the line connecting the Rio
Grande Western system with the Moffat
| roads outlet at the western mouth of
Gore canyon will connect the lines in OK
| cellent position. We do not understand
that this combination will in any way
interfere with the pressing onward Of the
| Moffat road from Denver to this city,
| The construction of that line would short
en- the distance from Denver TO Salt Lake
even more than the tunneling OF Marshall
| De- 49,
| Pueblo to this city. The railroad eX-
pansion In Colorado foreshadowed In that
dispatch will be Of even greater benefit
| to Salt Lake and to Utah than they would
| be to Colorado. although they would be
very great in that State also.
The Western Pacific construction from
this city westward can now DE pushed
| the fall and the fall weather, with the
| good rainstornl, will allow of work being
| proftably and successfully prosecuted
across what is called the desert, and
| there need now be no further delay il
| pushing the construction westward to the
| Goshute range, where the two-mile tun-
mel mentioned IN the early part Of the
| week has been determined Upon; TINT is
| about thirty miles west OF the State line.
| The welcome news came during the week
| that the work on this Western Pacific is
| to be pushed with even greater energy
| LQdn at uTSL lUulCalcu. MI. EOulQ WlSHeS
| to have his transcontinental line from
| Baltimore to San Francisco In operation
| at the earliest possible day and this
| will be of immense value to Utah, be-
cause the choice of routes to the Coast
| from this city will compel the construc
tion by all the great companies OF track
| age to this city. especially the most
| of them have lines constructed far this
! side of Omaha, while they have 20 glS
up at Omaha their trapscontinental pas
| sengers and freight. A comparatively
short construction by the Burlington. the
! Chicago & Northwestern, the Chicago.
Milwaukee G. st. Paul, and the Rock
| Island, would give them a thousand miles
more haul of transcontinental business.
and would offer them the choice OF four
| routes to the Coast, namely, the Oregon
| Short Line 20 Portland, tho Southern Pa
chc and Western Pacific to San Fran
| cisco; and the Salt Lake Route 20 Los
Angeles. No such connections are avail
] able anywhere east Of this city, and the
advantage of building lines to Salt Lake
| can not long be overlooked by the man
! ayers Of the great companies.
| The year In this State bids fair to be
record one In every industry. The crops
| will be greater than ever BEFORE and the
| prices realized for them will be higher
| than ever known. The stock men have
had a good year, also. The mines are
putting out their rich product at a rate
which will carry the total we'll above
| $50 .0D0, 900 In the metals for the present
year Utah is getting to be one Of the
great cOpper-producing States, In addition
to her large gold. silver, and lead pro-
duction The great ore reducing plants
being put up at Garfield on the west OF
this valley, in addition to the large
plants already In operation, will mark
| forward march In the mining industry Of
| this State.
| 4.
during the week, collections are good,
| and trade is brisk. The realty market is
strong, and shows much activity. Build
| ing operations are very active and OK
tensive. 1t will probably be a record
year In local expenditures for building
| and Improvements.
! In the country at large trade, crop,
| and industrial reports are favorable al
| most without exception. The present
month is scoring heavy gains over Sep
| tember of last year, The crop reports
| show large and perhaps record yields. but
| the traffic conditions In the congestion of
| the railway transportation are a bar TO
| prompt marketing. The car shortages
| and terminal facilities are unequal to the
great demand The prices OF staples show
great strength. and the situation Is highly
| satisfactory all along the line, The VOL
| ume of trade continues beyond precedent
and the fall distribution is extremely
general are on an ascending scale, Rail-
way earnings for tho first week of Sep
tember exceed the figures Of 1905 by 7.s
per cent. Commercial failures are about
the average. with liabilities considerably
below
The bank clearances In New York
show an increase OF 10,7 per cent for the
| week as compared with the corresponding
week last year. Tho increase In the
country at largo is 12.7 per cent. The
so-called money stringency in New York
City has been relieved by the treasury
Arrangement which allows for the 'aposit
in the sub-treasury by the banks and
drawing upon 1t for foreign exchange.
Large gold imports are in progress and
will probably continue for some time.
The 100000 imported in the spring
under similar arrangement caused i'm
mediate relief after the San Francisco