The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-07-01
TRADE AND BUSINESS.

On another page The Tribune car
ries this morning a statement Of the
public and serni-pubic Improvements
. that ere going on in and about this
city. These figure UP a splendid to-
tai. and add very much to the activity
and business-llke air of tho city.
A noteworthy event OF the week was
the great and successful real estate
mems outing at Saltair Premiums
Of large value were distributed to the
ticket-holders on that occasion and
the affair was In every way a great
success
The fne grip Salt Lakers are get
ting upon the mines at and in the
neighborhood OF Cherry Creek. Dolly
Warden, Ely and other of the famous
camps OF Eastern Nevada. is an en-
couraging feature OF the time. I'm
questionably with the completion Of
the Nevada Northern railway and the
intersection of that road by the West
ern Pacific, an era of productiveness
will be inaugurated in that region
which Will Yield tremendous results,
and this should be greatly to the ad-
vantage of Salt Lake
The smelling plants being construc-
ted at Garfield on the west side of the
valley are making excellent progress.
and Will In a reasonable time be I'm
full operation. These will call for
considerable addition to the product
of the Utah mines which Is now at
the rate Of something over S2,5O0.000
month, and 1t is a satisfaction to
know that the ore bodies and develop
ments in the mines are such that
there will be no trouble whatever In
responding to this increased demand
The railroad situation is excellent
The Western Pacific Is being pushed
With due energy. the branch lines OF
the Salt Lake route out to the great
new camps Of Nevada are making to-
ward full connection, and consid-
erable addition to the demands upon
the smelters in their handling of the
ores from these camps Will presently
be made. The Moffat road. building
| hither from Denver. is making good
progress in Colorado. The Oregon
| Short Line branches in Idaho are
| being pushed with energy. There is
| renewed talk Of main lines coming TO
| this city-the Burlington. the Chi
cago G. Northwestern. the Chicago.
| Milwaukee & st. Paul and the Chi
cago & Rock Island being from time
to time prominently named as about
| TO enter this field. Undoubtedly they
must all come, as Salt Lake is sure
OF being the great railway point OF
| junction for all the main transcon-
| tinental roads.
Agrlculturally the season Is one OF
great promise In Utah. the precipita-
ton OF the winter and spring being
! much above normal, and the cool
| weather thus far having preserved the
snow In the hills to an unusual de-
| gree The abundant rainfall has made
excellent feed everywhere. and barring
| q slight touch OF frost here and there
the crop outlook could not be i'm
proved upon.
In this city business Is excellent,
| the bank clearances snow so per cent
| increase for the past week over the
corresponding week of last year The
public work going on gives full employ
] ment to labor at good wages, building
| activity is great, and the general In
dustrial activity here is so marked that
there is constant call for labor and
help in most departments OF Industry
and business.
| In the country at large the outlook
Is for a record year. Crops are pro-
| crossing we'll, there Is an Immense
| amount of business on the books of
manufacturing concerns and greater
| enterprises are In contemplation now
| than at any previous time at this sea-
son of the year. There are no labor
struggles OF Importance, and the In
dustrial activity everywhere Is marked.
Railway earnings for the month OF
June were 10 Fer cent larger than
| last year and disbursements for In
! terest and dividends In New York dur
! ing the present month are estimated
to reach S1e0,000,000. an increase OF
$50, 900. 900 over last year.
The delays of the Insurance COM
panies in settling their San Francisco
| losses make considerable letharGy on
| the coast, but this does not affect the
general activity through the-country
| at large. Business failures of the
week are considerably below the nor
NAL
The gold imports have ceased for
the present and yet the exchange
rate is almost to the point OF gold i'm
! portation most of the time. The ac-
tivity I'm stocks Is guarded In New
York City. and speculation is gener-
| ally repressed. The financial situa-
ton is so strong and we'll supported
by an abundance of money that there
Is no danger but that the business
| conditions Will continue in such
strength and activity during the year
that 1t will be a record twelve-month
| in all forms OF business. transporta-