The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-13
TRADE AND BUSINESS.

The operations of tho Western Pacific
are the source OF immediate interest in
| tho larger business views OF this city
The right OF way Is now cleared from the
| river to connection with the Rio
Grande Western tracks and rails In huge
piles are ready for the laying. This done
from the older road s connection the
grading TO the point OF the mountain
west VIII be eaey and comparatively q
| small matter. The welcome news was
| given out on Friday morning that within
thirty days actual work will begin on the
| joint depot OF tho Western Pacific and
| the Rio Grande Western, on Fourth
West and Third South streets, and that
| 1t Will be colossal structure, with large
| domc-shaped roof. covering seven tracks,
| and to be one of the most commodious
and handsome depots west OF Chicago 1t
will take somethlnk like two years to
complete It.
| Business in the city Is active and
strong, as Is manifested by the increase
| of 229 per cent in the bank cIearances
| compared with the clearances OF the cor
responding week last year Trade Is on
| high level. collections are good and
| tho outlook Is excellent for the season
| The realty market is firm, and shows
gratifying activity. The dealers have
good reason for the optimistic feeling
| that prevails among them The building
operations of the year are already active,
and they bid fair to be. moro extensive
| and OF more striking effect than any for
mcr year Gun boast
Tho settlements for ore and bullion
made altogether in this city, are a Won
dcrful source of financial strength Thsy
mean the handling of actual money to
| the amount OF two and q half million
dollars every month. which is a sub
stantial business in itself. But when we
| consider that the city has In addition, all
| the resources that other cities have the
superior advantages hero are manifest.
The wool clip Is being handled and
settled for now. This Is a business that
In the season will amount to about four
million dollars. sent through the banks
| In this city. During the week a conten-
| ton between buyers and sellers of WOO,
was determined In the District Court at
| Ogden Tho buyers had made a contract
| to buy al 1S cents. but the price having
| gone up, the sellers. who had contracte
at that price. refused to deliver. The
| court held the contract good, and ordered
delivery at the price. Thus these ad-
vance contracts are validated and no
| doubt the converse would be true; ~ tho
price had gone down, tho buyer would
have been compelled to pay the contract
| price.
| There Is great activity at the smel,er
| city on the west side OF the valley. tba
| steel framework is about completed and
a number of handsome offices and ofrlciai
quarters arc In occupancy Tho thirty
| million dollars year turned out from
| the mines and smelters OF Utah will ha
I materially increased when these big 70
[ duction works are blown in
| Tho rain which began on Friday night
! Will add assurance TO the already
| abundant promise OF ample Irrigation w.,
| ter for the season, as we'll as making fSa
ranges good. All Is in hrst-class prono
| ise for the farmers, the stock-raisere
and the fruit-growers D
| The settlement of the threatened ~,
| thraclte coal strike. and the resumntiar
| of traffic on the lakes. have brightcned
the business outlook for the country az
large Crop reports are not unifornoI,s
dustry is in full employ, the iron ond
! steel manufactures cannot keep un viii
| their orders they are six months behind
Railway earnings for April are 81 per
| cent over last year. The financial com.
mercial and Industrial situation aii noint
| to record yenr. E''''