The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-16
BUSINESS AND TRADE.

The strong aud firm activity of The
real estate market in this city con-
tInues in gratifying form. The great
purchases by Mr.. Newbouse started the
blg movement. which for a time was
In chief force on Main and State, be-
tween Third and Fourth South streets.
But now, much 10 the qualification of
property owners, the demand for realty
IS spreading TO other parts Of the city,
and those who desire TO sell can get
far price for their holdings in widely
separated localities. as is proved by
the record of sales reported daily
during the past week. It is quite true,
as has been suggested by The Trib-
une that this favorable condition of
the real estate market can be killed
by the refusal Of owners to sell. which
is quite legitimate, if real, and by
son Just Because there is an oppor.
tunity TO make a sale. The latter
is a senselcss proposition; it does
much harm TO the general activity
of the market, and does the owner
no good whatever, When property
owner. holding his land at a certain
figure, jumps the price up away beyond
that figure, merely because he is afraid
that the buyer will make something out
of his purchase. he does nothing for
himself, but retards the general pros.
perity; for that sort of kill-trado
there is no possible justification.
But for the owner who does not want
10 sell at all, there is ample justIfica
ton. There is not the least doubt that
salt Lake City is to be one Of the great
cities of the United States. The ex-
tended area in every direction round
about, IN which there is no place for
a rival metropolis; the enormous
natnra! wealth of that region in mines,
IN agriculture, IN stock raising, all Of
which IS naturally tributary to Salt
Lake, Is such that no one who looks
on the field with a discerning mind can
tall to see clearly the great fact that
Salt Lake City must be grand CITY
In finance, trade. commerce. and the seat
OF busy, thriving population. The csti-
mate OF two hundred thousand popu-
| !ation for Salt Lake within a few wears
is none too high for reasonable fore.
cast.
Trade in the city is rushing. 1t is
nearing the holiday time, and that helps
10 keep the merchants in all lines
unusually busy. Money is plenty,
caused by the great returns from the
mines, the abundant crops of the
year, and the high prices for all farm
and range products, including especially
TO increase amazingly the mining de-
velopmeuts, and the market for mining
| stocks Is unusually extensive and well
supported. The bank clearances of
the city show an increase for the
| past week Of 33.2 per cent over the
| corresponding week Of 1905, a rate of
gain that is even below the average
week s gain since the American party
came into power in January last
The realty transfers have done their
tuli share IN causing this increase. The
building operations of the season have
| been on very extensive scale, cclips-
ing all former records: but il is
certain that those of the coming year
VIII be even more extensive, unprece-
dentcd In all this interior country.
The metal mines of the State continue
their output at the rate of over thirty
millions year; they are prudently and
| sklllfully managed, and are the pride
of the State, as well as favorite invest
| ments in lhe mining world. The smeter
situation is adjusting itself TO the re-
strlctlons placed by the courts upon
the fumes and smoke. II will, no
doubt, be found. by the time the
case is finally decided, that the smelters
Will have moved TO locations which
VIII not III any way interfere with the
farmers of this valley, who, under
| the leadership and counsel of the
church organ, have exhibited an insane
hostility toward them, which is quite in
'AIl4AdDit On anN IAlr DaslS. and
which in the end must result dis
| astrouslY 10 the farmers themselves.
Inc great works at the point of the
mountain-Garfield- the west Of this
! valley. will presently be in strong
| operation, and it is probable that the
'smelter city, there will finally be
the center of the ore reduction of the
State
Excellent news of the progress II the
Western Pacific railroad. now under
| construction between San Francisco and
| THIS city, has been received during the
week. The heavy work in Feather
rieer canyon and at Beckwith Pass is
getting on famously, and the track is
land nearly hundred miles west from
! TINS city: by spring il viii uDd oubted
| ~ connect with the Nevada Northern.
and that connection viii give us n
! much more direct and a shorter CON
nection with Ely and Cherry Creek
mines than we at present enjoy.
In the country at large. as here, the
shortage OF coal and the nlut of trans.
portation are the only drawbacks or
| shadows upon the mighty industrial.
financial, and commercial activities Of
! the country. Labor is everywhere in
! demand at increased pay; manufac.
tories of all kinds are working on rush
| orders, and are assured of the demand
| for their products months ahead: the
| holiday trade bids fair TO eclipse all
| records. high grade. expensive goods
being in demand. There is an abund-
| ance of money everywhere but in
! New York, where complaint has
broken cut again that there is not
| money enough at cal 20 handle the
| tremendous enterprises in view. This
| complaint. where IL is genuine, is OF pre-
| cisely the same nature as the shortage
| in transportation facilities. both indi-
cate insufficient facilities 10 take care
Of the business offered. And thar is
mighty encouraging state Of affairs,
| FOR II Is difficulty that can and will
| be- met. The business horizon is
bright one, and is likely to continue
| bright