The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-10-21
BUSINESS AND TRADE.

unusually 9llO4S dlOuS AL puslnSeS
lines. The local financial situation is
very strong, with an abundant trade,
and money well distributed in the
hands Of consumers. There are great
accumulatious of money in the banks.
which can be had on favorable terms
for any legitimate business venture
The excursion of business men to Ely
was so pronounced success. both as
a pleasure jaurt and in its establish
ment Of important bushes relations
and connections, that a similar excur-
sion to Bullfrog IS now proposed by
the Commercial Club, and all arrange
ments are completed for it, The ex-
cursion train will leave this afternoon,
bearing 2 goodly number of enterpris-
ing business neu from this city and
Ogden; these will open the avenues of
trade, and remove any obstruction3 that
may be found in its steady 1ow to aud
from the terminal points in this State
aud in Nevada. 1t can be confidently
expected that the ore shipments viii be
especially strong. as the smeiters Of
this velley are better prepared than are
smelters anywhere else within reach,
to treat those ores of all kinds, and
give satisfactory returns. The Tribune
trusts that every hope of these enter
prlsing excursIonists may be fully met,
and even exceeded As at Ely, where
the Utah visitors found that the half
had not been told, we trust it may be
in the Bullfrog region
The completion of the connecting
railroad with that region means much
III added prosperity TO Salt Lake. As
that road is extended to others Of the
rich camps of the new Nevada, this
city viii be additionally benefited, for
the ores there should all find their nat.
Ural reduction point here.
The mines of this State have in
their own interest caused the construc.
ton hero of the immense reduction
plants, which reduce yearly the upward
Of thirty million dollars worth of ores
that the Utah mines send down for
treatment. The new plants at Garfield
will be magnificent reinforcement to
the smelling capacity Of this region,
and al ores that come can be promptly
reduced
The welcome news on the Moffat
road, (Which, it is now stated by Mr.
Moffat, Will be completed to this city
by January !, l90s,) the active push
ing Of the Western Pacific, and the Ger
tainty that all the main railway lines
Will hD,- 70 - -.
der 10 enjoy the connections now al
forded, and to be afforded, TO the coast,
make the railroad future of this city
exceedingly rosy.
The swelling volume of business in
Salt Lake is evidenced IN concentrated
form by the enhanced bank clearaaces,
which show an increase for the week,
compared with the clesrances of the
corresponding week of last year, az
raise, equaled by but few cities in the
country.
The realty market is good, with
strong holdings and many sales, some of
importance and mounting into large
figures. The building operations of the
season are being rounded up, with a
record never before equaled More
buildings, involving a greater expendi-
ture than ever before, have been put up
former year of It's history
II has been an uncommonly good YEAR
throughout the State, also; the crops
beng abundant and of aversv good
quality II spite OF some local draw
backs. Fruit has been excellent and
the livestock business was never before
so prontable as now. as a whole. Prices
on ell products have been maintained
ar remarkably high figure, and the
general prosperity is manifest
In the country at large trade continues
enormous and active. Currency is
widely difused and business confidence
is at the nigh notch. Uniformly favor !
able reports come of distribution and |
demand IN all staple lines. The inpos- !
slolllty TOR the railroads TO handle and |,
transport the crops and the merchandise |
IS the only h9npering condition on a
trade winch otherwise would be grea tly |
Swelled. Railroad earnings are far |
above last year s mark. Business fail. |
ures are much below the average and |
the liabilities are less
Bank clearances in New York show |
a gam OF p per cent over the CORE. |
spending week last year: those of the
banks outside OF New York gain 1919
per cent. and the gain for all is 1919 per
cent. The cry of New York for monev
has been met fully. and we hear no
more or II. The explanation is thus
given in the Wall Street summary:
In the last SIX weeks more than S50oo0
700 soid was engaged for Import, Last
iprtng about S13 900 900 came here frou'
abroad. Since January lst this countrv has
le!d rs domestic production and the Elop-
IKE output ss we'll an estimated total Of
$4,000. 600. Therefore u NAV be estimated
nat there Is now IN the United States S17O. |
100000 more gold than there was az the
osglnning ol the ye1r. This immense add.
ion "a the supply of gold in the country is
.auiy!ng many leading banking interests
hat money rates viii be com9ardtjvely ensy
'yer ine end Of tas year. A important fac.
or ~ the future is the necessity for redeem.
ng o! reiGndIng of considerably .sore than !
SOC, ,pooe 600 Government per cent bonds
yhich mature next summer. L. IS expected I
hat this matter will be taken up in the no,
Instant future, probably before the close Of
he present yea. IL is well known that a
New York City national hank has
fqGlred . large amount OF these bouds in
n'iclparor OF . Government call o. pr,T,
siron et some kind, and because oi this
many observers believe that the 4efund!rs
nnouEcement cannot be ta- of
The Bank of England has put
heck upon the gold shipments bv rais
nG the rate Of discount to six per cent
rhep u hes been five; bur al the latter