The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-03
TRADE AND BUSINESS.

An important addition to Salt Lakes
business enterprises was announced last
Wednesday; the establishment hero Of a
great Wholesale electrical supply company,
which Will carry everything in the cleo
trical line, and will construct fine build
ing for It's headquarters This Is an
nounced TO be the direct result OF the efs
forts OF tho Merchants and Manufactu-
rers' association. and as an effect OF the
visit of Los Angeles business men to this
city year ago. Mr.. c. II. Biselow OF
Los Angeles is the immediate mover In
this enterprise, and his conferences with
Mr.. Charles o. Harris. director treasurer.
and chairman OF the publicity committee
of the Merchants and Manufacturers
association, brought about the location
here OF the company. Two other largo
corporations. the three to have combined
capital OF 81, 5d0. 900. are said to be coming
as the direct result of the conferences be-
tween Mr.. Blgeow and Mr.. Harris. All OF
which Is pleasant to hear.
The rail- connections Of the Western Pa
cif1o with the Rio Grande Western have
now been as fully made as present needs
require. Tho work of connecting the
rich Deep Creek mining region with the
city, enabling ore shipments to be made
to the smelters will soon be complete. This
will be new and good ore supply. and 1t
will be a substantial expansion OF tho
city's trade.
Salt Lakes bank clearances for the
week show a gain of 164 per cent over the
ciearances of the corresponding week last
year. This proves q substantial gain In
| activity OF business and strength OF trado.
| The new enterprises coming into the city,
| combined with the optimism and bright
outlook for the real estate market, make
| this city one OF the liveliest in the country.
There is every indication that the build
ing season here Ia to be one Of wonderful
development. the only cloud upon its
optimistic outlook being a growing scar
city Of lumber. the supply being restricted
on account OF the enormous demand from
San Francisco. Tho year has excellent
promise for the city. in every respect,
Rains ushered in the week. and cool
weather has ruled. Tho agricultural and
! horticultural interests OF the State were
never In better promise than now. The
wool season is about over, and the flock
masters all havo full purses; the fieeces
were heavy. the clip was large, and the
prices were phenomenal.
| Inc Hetdl mines the State commune
their yield at the rate of upward of thirty
million dollars value per year. Their
| fame Is justly bright everywhere, for the
ore bodies are largo and permanent, and
tho mine management IS prudent an6
| skillful. Tho smelters IN this valley art
also managed with wise practical ability
and they meet the demands upon then
| with extraordinary success. Tho new
| plants at Garfield, on the west side OF
this valley, afe getting on with goot
speed, and when they are In operation
tho ore supply and bullion output will bt
materially increased
Throughout the country, the month OF
May surpassed the highest records o.
wholesale and retail trade Industry tn,
fall trade reports continue exceptionally
good. But there is q. scasonable lull ir
trade activities, awaiting fuller crop Ger.
tainties. Mercantile collections are i'm
proved. Industrial conditions are In ever,
way favorable. there being tremendou.
demand. with few Idle mills and no strikes
on. Railway earnings exceed those Of las
May by Ill per cent. Business failure.
are considerably below the average, For
eign trade shows for the week a gain OF
$l.704. sS1 In imports and S+s1. TAB in imports
The receipts of gold from abroad con
tinuc: money sent to San Francisco to re
lieye the distress there Is returning east
and the feeling is that. though tho specu
lators in New York are juggling with tn,
stocks. tho country Is bound to have per
haps the most prosperous year In its his
tory,