The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-07-22
TRADE AND BUSINESS.

The active public work which makes
the streets OF this city such busy scenes
OF labor and improvement; must strike
every visitor fayorably with respect 10
the determination OF Salt La6o City 20
get on and meet the requirements OF
modern metropolitan life. Large sums
OF money are necessarily expended In
these improvements, ia the street paw
Ing. in tho sewering. In the sidewalzing,
and In the completion OF the great water
conduit from Big Cottonwood, which Will
be conmpleted IN about n month from
now, All these improvements make lively
work and great demand for labor. This
labor Is, OF course, promptly paid and
the money so expended makes lively
trade and good times generally,
The work on the Western Pacific rail-
way is getting on In fine shape. The track
is laid nearly 10 Garhcld, and the only
difficulty In pushing it along faster is the
lack Of labor, Once tho connection OF
the grade IS made at the point beyond.
whence the grading is completed almost
TO the State line. the track-laying Will
be active, and VIII be pushed forward to
a speedy connection with the Nevada
Northern, which railroad IS TO be COM
pleted to Ely by tho first OF the coming
September and will tremendously slim
ulate tho building up OF tho great op-
erations which are certain TO spring up
in that great camp and in that region
generally. All OF those activities Will
be Immediately tributary 10 this city. and
will have Salt Lake for their point OF
supply in the marketing OF the ores.
matte and bullion which the great works
there will produce.
There Ia great deal OF speculation as
TO the real power behind the building of
the Moffat lire from Denver TO this city.
Mr.. Moftat himself Is a pretty good
backer OF this railroad, and he has an
nounced the Independent financing OF its
construction from Denver to Salt Lake
City. At the present time it is recog
nized that link of line beginning in
Denver and ending In Salt Lake which
should form such vastly important por-
tioD OF a transcontinental line is hardly
likely to stand alone for very long. 1t
will inevitably be made a part OF a great
transcontlnental system. and the two sug
ges tlons now made with reference TO this
center around the Great Western Of Chi
cago and George Gould. who is building
the Western Pacific. II Mr.. Gould is tho
power behind the Mcrat road, there is
no question but that this line from Den
yer TO this city, in connection with the
Western Pacific, would give him a most
favorable transcontineutal system.
Business in this city during the week
has been excellent, and large in volume.
and collections are good. The bank clear
ances show a gain of 40.5 per cent over
those of the corresponding week last
year The railway extensions above men
toned, together with the Clark extern
slons from the Salt Lake route into the
rich new mining camps OF Nevada, af
ford great leverage for the extension OF
Salt Lakes jobhing trade, and our en-
terpriSlng merchants are taking full ad-
vantage of the situation.
Locally, tho real estate market is
strong with good sales reported from
day TO day, Building operations are in
full swing. and the season Will be a rec
ord one in this respect.
In the State at large, the agricultural
outlook is excellent, The grain yield
will be unusually large, and the quality
Will be first class, All agricultural prod
uctS except alfalfa promise to be at the
top notch. Alfalfa was injured In con-
siderable portion OF the central region
OF this State by the cold wet, back
ward spring, but 1t is picking up now
and tho crop will undoubtedly be far
better than was feared two weeks ago.
The mines of tho State continue their
immense output, reaching we'll over three
miIliona year. and the smelters are hand
ling this great output with skill and con-
servative dispatch, The great new smelter
of the American Smelling and Refining
company at Garfield on the west of the
valley is nearing completion, and will
call for a great tonnage of ore when it
Is fully in operation. The other new
plants in that nelghborhood are also be-
ing pushed with vgor, and great smell
ter city is sure TO spring UP in that
vicinity
In the country at large the crops prom
ise 10 be among tho verv best ever mar
vested, both In quality and In quantity.
This insures sound and substantial
basis for the general prosperity. Manu-
featuring plants are all In active opera
tion: there are no industrial troubles.
and business Is large and active. July
trade Is heavier thar at this time last
year and fall orders are already coming
In In great volume. Railroad earnings
increased largely over those of July last
year; bank clearances arc heavier than
ever, and business failures are below the
average, both in number and in amount
of liabilities.
The stock movement IN New York City
has gotten out of the hands of profess
sional dealers, and the market moves up
without their cooperation and knowledge
and to their vast surprise. The bidding
on the Panama canal bonds shows an
enormous quantity OF surplus money In
the country. and everything points to
year unexampled In prosperity and bust
ness In all forms OF trade. commerce.
transportation and Industry.