The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-19
TRADE AND BUSINESS.

ueClQed sLep III lne aoNdnVs "a 'u''
great connection which we are TO have
with san Francisco,
The grading is complete between
eighty aud ninety miles west OF the city,
and the laying OF track VIII be continued
as rapidly as the forces that can be
had for Tho purpose viii admit. More
labor is needed in this work, and decid-
edly more in the matter OF the grading
on the desert to and beyond the State
line The connection with the Neyads
Northern. which VS. trust VIII not be
delayed any longer than is absolutely
necessary, will give easy access TO ths
great mining regions OF Cherry Creek
and Ely, and will inaugurate there MI
ming enterprises comparable to nothing
else than those OF Butte and Anaconda,
and those we'll informed OF the mineral
capacities OF that region claim that the
operations there will in few years be
on even a larger scale than those in the
already mentioned great mining camps
OF Montana.
Salt Lakers are very heavily Interested
In those enterprises which are expected
to do so much for that portion OF Me-
vada, and for Salt Lake City. Here will
be the base OF supplies. and the market
for tho ores and the bullion. The open
Ing OF that large and rich region will
mark distinct epoch in the advance
ment and accumulated business and
wealth OF Salt Lake City.
Again we have the rumor that the
Northwestern is about TO build to this
city. For many years IL has been EVIL
dent that this great railway system Gas
we'll as all the others) must come here
for Its Pacific Coast connections. The
issue of $l00,000000 Of new bonds by the
Northwestern Company Is held as Sig
nal OF a mighty advance In the extension
of It's system. Inasmuch as the North
western has been @ close rival Of the
Chicago, Milwaukee e. ST. Paul. and
since tho latter is building to the Puget
Sound country, II is very likely that the
Chicago g. Northwestern Will also reach
out for that held, besides building to
Salt Lake and thereby getting connec-
tions with Portland. San Francisco and
Los Angeles The construction Of
branches OF the Salt Lake Route up into
Bullfrog. Goldneld. and Tonopah Will
unquestionably bring large shipments OF
the rich ores Of those camps to the
smelters Of this valley for treatment.
These smelters are remarkably we'll
equipped with up-to- date machinery and
extensive plants for handling all ores
great plants ut Garfield Will add very
materially to the facilities for handling
all ores by the smelters of this valley,
and 1t is certain that here Will be ono
OF the great smelling centers OF the
world.
The mines OF this State continue
their output at rate that this year
will certainly place the States metal
production at value OF moro than
$50, ,000, 900, and the best Of 1t is. the ore
reserves In the mines arc 30 we'll blocked
out, the deposits continue In such undi-
minished volume and richness, that there
Is no question but the mines will easily
supply every draft that the great smelt-
Ing facilities will make upon them. In
Bingham especially, for which some OF
the new plants on the west OF the valley
are especially provided, the ore bodies
are simply measured by the size of the
great hills embraced within the boun-
daries Of the camp. There can be no
question but that the ore tonnage there
will be ample to supply all OF the plants
projected without tho least trouble. Tho
ore Is being blocked out In huge masses
and is reckoned by the ten thousands
OF tons.
This Is also to be a record year In ag-
rIculture as we'll as in the wool clip and
In the production Of fruit. There has
been abundant water for every purpose.
and the ranges are In the finest condl-
tion that they have been known to be for
many years.
In the country at large the abund-
ant crops will be near to II they do
affords foundation for such a pros
perity In every department Of industry,
business. and trade as has never before
been known. The iron and steel Industry
cannot keep pace with the demands made
upon 1t, and the condition Of this Indus
try Is very good gauge to the general
prosperity OF all business Each week
brings a new high water mark In some
department and the general average
shows better than for the corresponding
week In any previous year.
The railways have made tremendous
improvements and additions to their roll
ing stock. but In spite OF all. a serious
traffic blockade is absolutely certain
when crops begin to move. Railway
earnings thus far in August are III per
cent larger than last year.
The demand for labor Is general in
every department and all over the coun-'
try. In many cases production Is re-
stricted by the scarcity OF laborers that
are needed In the industry.
4 ne ldll oly eoou5 JoDDlnB tTaQ6 is on
greater scale than ever before known
The July foreign commerce far surpasses
the same month In any previous year
The past week showed a gain OF IS, 5,S91 46S
in imports and s1.69.s33 in exports, as
compared with the same week in 1905
Business failures for the week are far
below the average. The stock trading
shows great strength. with a wonderful
power OF absorption In all the good in
Vestment stocks. There appears some
uneasness in New York by reason OF the
fact that the Western banks are draw
Ing out some OF their own money for
their local use Ito move the crops" as IL
is said. but there certainly should not
be any scarcity in money. the mines OF
this country are producing at the rate
OF SSo.0o0,o00 year and upward, and
the gold production of the world is GER
tain to reach we'll over s4oo .O00, 900 dur
Ing the present calendar year. The gold |
product Of South Africa will probably |
amount to more than s125,000, 900 the |
present year, over 10000 900 OF this WIN |
be from Rhodesia, and probably the Rand |
Will show "A prodOcf ,nf ouar e11E mn onh |