The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-11-25
TRADE AND BUSINESS,

The local business world has been
duickened by The coming of the cool
weather, while the abundant early
snowfall lays the foundation for
hope of plentiful water next season;
for il Is the early snowfall that counts;
II packs hard. is slow TO melt. and
the supply lasts long. We believe from
present indications that the depth of
snow now In the mountains is greater
than has been seen for many years
at this date.
The great activity in mining stocks
continues a marked feature Of local
business. The Ely stocks arc favor
ties. and there is much call for Gold
field stocks. Iu it all Utah mine
stocks are by no means neglected, for
there has been large trading in them,
and some have shown phenomenal ad-
yances.
Tho decision of Judge Marshall for
bidding the smelling Of ores that car
continues to pinch the smelling men,
and there is talk that if it is rigidly
adhered TO 1t will result in the shut.
ting down of SOME plants But re
hearing has been granted, and it is
hoped that a modification of this rIl-
ing may be had which win permit the
smelling operations 20 proceed IN much
the old way. with such notifications
as will reduce the complaints against
the smoke and fumes TO a minimum.
The reduction plants AT Garfield are
constantly getting on toward compile
tion and readiness to exert their max
imum capacity. With the works in
full blast, there will be center of
wealth production there which will be
Il world IS wonder. And the resources
in ores of good quality TO put through
the fires are so large that proml-
nent and rich source of original wealth
is assured there for many years to
come.
The railroad situa tion is frst-class.
The Western Pacific is doing energetic
work, aud IN the early spring will
be across the desert The Various
projected lines 10 Ely. besides this one.
will make of that camp q good rail
road center. The surveyors of the
Moffat road are reported to be at work
in the mountains between here and
the Ashley valley, and In the valley Of
the Provo. There is no doubt that
the coming season will mark gratifv.
ing expansion of the railroad outlook
for all this region as we'll as for this
city. The projected new railway de-
pots for this city will be under con-
structiou by the Rio Grande Western
for its own use and that Of the Weso
tern Pacific, and by the Oregon Short
Line for itself and all the Hartman
roads that come here, without any
considerable delay,
their steady, regular output. which
runs at the approximate rate of 5000
900 per week. And the ore hodies in
them show up larger and richer than
ever.
Tho farm outlook for next year is
shaping up WELL by reason of the ear
ly and heavy snowfall. The iudica-
tious are that the sheep will winter
well on the desert, as the past sea
son s forage growth was unusually
sbund ant, and the supply of water is
already assured
In the city, trade is very strong and
constant. Money is abundant. Collec-
tions arc good. The bank cleariugs
show a gain of 59,4 per cent over the
corresponding week last year. The
real estate market is active good sales
being reported daily, and at frequent
intervals sales of magnitude and i'm.
portance. The building season has
been uncommouly active, the number
of dwellings constructed being rec
ord; and as all are promptly occupied
on completion and none of the old
houses being empty, the proof Of the
active growth of the city is evident.
Houses of all kinds in Salt Lake CITY
are as good An investment as money
in the bank, and are sure of better
profit.
In the country at large the CONNER
cal agencies report great trade sctiv-
ity, With the holiday demand early in
the held. Industry in nearly all lines
the car shortage and consequent con.
gestlon IN transportation continues,
though the railroads are making heroic
efforts TO handle the tremend Gus rush
of freights offered, Wholesale busi.
ness is much heavier than last wear. and
further improvement In collections is
noted. Copper is in strong demand,
with prices IN New York around %
cents.
The bank clearances in New York
show gain for the past week Of 1876
per cent over the corresponding week
ast year. and the gain for all the
banks is 12.s per cent. New York is
1t last satisfied that there is plenty |
# money to do all required business. |
The speculators there were urging |
lot long ago that there was not cold |
enough for the demand, in spite of |
he fact that the gold product Of the |
world is in excess of 10000. 900 a
month. and money doctrinaires are |
publishing that gold is TOO plenty to |
erve much longer as a basis for val.
les; that ITS entrance into the coin
ge must be restricted or some sub
titute found for the standard. BE.
ween these two extremes. on the one
and that gold is too scarce to meet
he requirements of trade, and ON tbe
ther that 1T is too plenty TO serve "a
satisfactory standard of value. fbe
Inevitable result must be that COINAGE
nd money standard will be left as
ney are now. And in the meantime.
r demand than there is snnnIv -
lonesy abundant for all purposes tbe
ountry is enjoying prosperity and
ominerelal expansion, the like of
men was never before known an
why have YOU stonnod