The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-07-08
Apostle Smoot can sing It: Home
again, home again from foreign
shorei"
TRADE AND BUSINESS,

days present a busy, lively appearance
Their usual scene of activity In busl-
ness, trade and transportation is tre-
mendously enforced by the s1arms of
laborcrs on tho large public improve
ments In progress. Tho city is paving
the streets: 1T Is paving the alleys; 1t
is putting In sidewalks: It is putting I'm
sewers IT is doing an enormous amount
OF work to make the city a great metro
polls
Already this praiseworthy activity is
showing immense results The whole
sale trade OF Salt Lake is Increased at
lcast fifty per cent over last year The
areas OF country Immediately tributary
arc expanding all the time We now
have easy access to and heavy trade in
the rich mining camps OF Bullfrog,
Goldheld, and Tonopah Salt Lakers arc
investing heavily in Ely, Cherry Creek
and throughout all the great regions OF
eastern Nevada. The Nevada Northern
railway Is pushing south to ely, and
Will be In that great camp by the Hrst
OF September There VIII be built up a
camp equal to Butte or Anaconda and
salt Lake Will be its immediate depot
OF supplies. When the Western Pacific
track is laid to connect with the Nevada
Northern, then the distance from Ely 10
salt Lake will be materially shortened.
and when the mighty advance begins In
that camp, the trade and transportation
10 and from Ely viii form vastly i'm
portant addition to the business of the
city.
Besides the public Improvements 60
Ing on. the old Light and Railway Com
pany Is laying now gas mains. and the
SnoW-Darst company IS laying with rap
ldity and energy It's gas mains with a
view 10 a permanent. cheap and thor
ough supplying of the city. New water
pipes are also being laid where the old
mains were found TO be too small SO
that all together tho city presents A
busy scene OF Industry rare to be seen
anywhere and extremely gratifying TO
every well-wisher of Salt Lake
The large demand for labor In all this
work, and in the construction Of the
Western Pacific railroad, In the building
of the great ore-reducing plants at Gar
field, and the building of city near by
TO house the hundreds of employees of
those plants. add materially to the
activity in business circles and to the
demand for money for improvements
the money supply is ample and at hand
Besides these large public and semi
public expenditures for tho developm ent
OF the country. private enterprise comes
In. playing a strong hand. All over the
city large building operations are going
on, new dwellings are going up, and In
the business quarters new warehouses;
stores and blocks are being built. Mayor
Thompson and Mr.. Murdoch are tearing
away the old buildings on their prop
erty on the south side of Second South
about midway between Main street and
West Temple. clearing the way for the
construction of their fine business block
to occupy that site.
Important realty sales Of the week
are Mr.. Gallacher's purchase from MT
Thompson on the east side of Main
street a little above Second South. the
basis of the purchase being $500 n
front foot. and the whole payment
amounting to S33.3S6, Another sale
was of tho old DR.. Groves corner. the
southeast corner of First West and
First South streets, for $4,000
Various important industries are
scheduled coming here. including
large electric plant, machine shops, rail
way depots, and other plants of import
ance,
The mines Of the State continue their
Yield at the rate Of thirty million dol
lars year; the reduction plants In the
valley south of the city are taking care
OF this avalanche Of ore in fine style,
When the new plants on the west side
of the valley are blown in, the call for
ores for reduction win be materially In
creased We look to see the ore product
of the valley before the end of the year
reach up to a total or three million dol
lars a month.
The crop outlook for the State is ex-
cellent, the water supply being ample
for irrigation and all other purposes.
The wool clip brought four million dol
lars into this region. and while there
have been some frosts and some blight.
the damage from those is not serious
enough to materially affect the value of
the agricultural product Of the State.
Undoubtedly we shall have a year of
plentiful harveste. never exceeded and
seldom equaled.
In the country at large the outlook
In all lines OF business is bright; the
crop conditions are favorable; and in
dustry is everywhere in full employ
ment. The dividend paym ents for July
in New York reached an unprecedented
total, something like sixty million dol
lars above those of July OF last year.
Business failures are below the average.
The railway earnings for June increased
81 per cent over the figures of 1905.
Imports increased over s350o00o, and
exports increased three-quarters of
million, the past week.
The bank clearances Of the country In
creased four per cent during the past
week over the corresponding week last
year, the increase of those in Salt Lake
City being 81 per cent
Speculation is we'll repressed in New
York Money Is getting abundant once
more. and the general feeling in hnan-
cial circles is one Of the utmost strength
and confidence. Gold may be imported
at any time that 1t Is needed for the
movement of the Western crops. There
is not a cloud upon the business. indus