The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-29
BUSINESS AND TRADE.

Tho work of collecting and forwarding
money and supplies TO tho sufferers at
San Francisco from the great calamity
there, has absorbed a good deal of the
energy and time OF the business men Of
this city, as we'll as Of the country in
general. here and elsewhere. But never
theless. business has been active and
strong. as Is manifest in the Increase of
% per cent In tho bank clearsnces of
Salt Lake City the past week, compared
with the clcarances OF the corresponding
week last year, Trade has been brisk
collections are good, and business is on
a strong basis,
An important event OF the week was
the closing of the negotiations by the
Rio Grande Western (probably in con-
junction with the Western Pacihc) for
430 acres of the great church farm, about
three miles south Of the western part OF
the city. The purchase is for tho erec-
tlon thero of great shops for the use Of
the two roads; those shops to cost, as
reported. million dollars, and to employ
about f1ve hundred men
The realty market here is strong and
fairly active The above purchase Is the
most important OF the week so far as
purchases are reported, but other negotia-
tions. as the refusal OF Mrs Judge OF
an advance Of $4,000 for the Druehl &
Franken corner. purchased by her q few
months ago. indicate the strength Of the
market and the desire OF capital to in
vest in Salt Lake realty as an absolute
ly safe and profitable outlay. It is not
generous TO dwell upon the mlsfortunes
OF others. but there Is plenty of evil
dence that the calamities on the coast
have turned much favorable attention
hItherward. which will be to the advan-
tage of this city.
The building indications are most favor
able for the season. the promise is for
the creation of a new record in value of
construction. Some fine new blocks are
already in process of erection. and more
arc In view, some OF these having already
been planned and announced.
The mines continue TO add their reeu-
lar monthly two and half million dollars
TO the common wealth. They arc In
excellent condition. and continue to block
out orc reserves faster than the with
.drawals for the market. so that tho in
sight" wealth of Utah's mines Is con-
stantly growing Tho smelters roduos
the completion or the great reduction
works on the west side OF the valley
VIII call 1OT d SuDSldutldl increase In the
mining output
The deposits OF moisture already far
beyond the average have been added TO
by tho storms OF the week. so thar there
is practically no danger OF even the ory
of water shortage the ensuing season
much less the reality OF H. The farming
outlook is better than usual. and also
the fruit outlook. as there have been so
fur no frosts to Interfere with It.
The wool season Is on. and the demand
is greater than ever, with prices we'll
above twenty cents per pound. The elm
viii probably call for about four mIlIiop
dollars all OF which VIII he paid through
Utah banks
In the country at large. trade. crop.
ard industrial conditions are alike fayor
able; iron and steel are in heavy demand
for railroad and construction purnnsaa.
building is active beyond precedent. coI,
lections are improved; bank Clearance
arc larger. money Is easy, with large roi5
imports, railroad earnings Tor April eNi
ceed last years by So per cont; buslneSs
failures are about the average In tho
coal industry alone is there cause for disc
satisfaction. and the troubles thore nv
much less severe than threatened n short
while ago
The speculative element In Wall stro.,
has received a check and tho ontIooL
for the season is of the most satisfa actoTv
character In all lines of commerce. indus,
try, and trade