The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-10
BUSINESS AND TRADE.

convention of tho United Commercial
Travellers at ogden. The occasion was
one both OF pleasure and OF profit to our
sister city, while Salt Lakers co-operated
I'm the heartlest and most whole -souled
manner TO make tho occasion not only
successful, but memorable The conven
ton was certainly great success In ev-
cry respect.
The work doing by the Western Pacific
Railway company I'm this city begins TO
assume tangible form. Work on the new
and large depot which will serve the pur-
poses OF the Western Pacific and also OF
the Rio Grande Western Is about TO be-
gin The large purchase Jointly by tho
two roads of four hundred acres OF the
church farm south of the city assures
plenty of yard room and extensive shops.
Construction work westward from this
city on tho Western Pacific Is being
pushed with energy and dispatch.
Rumors of the coming OF the Burlington
| read TO this city are revived, and II is
stated that a new and feasible route is
being mapped out. There Is an old sur
vey said to be almost water level COM
Ing into this State from Wyoming, and
into tho Weber valley through Ogden
canyon. This road was surveyed many
years ago by the forces In charge OF Mr..
Mclean. who then represented what was
supposed to be an extension of the MI
nos Central The best survey across
Wyoming and into Utah that was ever
made is reported to have beon found at
that time.
The Pioche spur from Caliente on the
Salt Lake Route is taking tangible form
Articles of incorporation OF the Caliente
& Phoebe Railway company have been
filed in this city under the auspices OF
President John Weir OF tho Nevada Utah
Mines and Smelters company, and II is
probable that within a very short time
the new company will build tho thirty
miles to connect Pioche at Caliente with
tho road from this city to Los Angeles.
In tho meantime work Is being actively
pushed on the main lines up into the
Bullfrog- GoldAeld and Tonopah country,
and presently all of these camps will be
! sending their rich ores TO the smelters
in this valley by this route, The incor-
porators named for the Caliente & Pioche
railway give strong assurance that the
road viii be pushed with energy and dis
patch.
In this city business is active and
strong. ard though there is a falling off
in the bank clearanoes as compared to
year, this does not mark any particular
deterioration In activity or volume OF
trade. The average increase in the clear
ings every week since tho beginning of
the new year has been considerably moro
than 30 per cent. so that Salt Lake has
probably the best record of any city in
the West IN this regard for the present
year.
The real estate market here Is strong
and active, with numerous transfers at
good prices. The building activity has
fully begun, and that the city Is grow
Ing constantly Is evidenced by the fact
that no matter how many new buildings
are put up. and there very many.
they arc besieged for occupancy by ten
ants before they are finished; at the same
time. few OF the old structures remain
untenanted.
Tho mines of the State continue their
excellent output at the rate OF more than
two and half million dollars per month.
They are under excellent management, at
| oECe energetic and conservative. The
fame OF Utah mines is bright In all the
| money centers OF the world. and Justly so.
| because they have record that is un-
rivaed for continuous dividends and last
ing prosperity The smelters in this
valley continue their excellent work of
reducing the masses OF ores sent to them,
In q manner that Is both thorough and
fully up-to-date. All of the best appli-
ances arc employed, with tho most salts
factory results. The hugo new plants at
the west OF tho valley are getting on
favorably in construction.
In the State at large, the farming and
live stock interests are at full tide The
abundant water assured for the seasons
farming operations gives encouragement
to all, and it also brings the ranges into
q better condition than they shave been
for many years, The large wool clip
that has been marketed at unprecedented
prices dIftuses money throughout the
State to a greater extent than ever before
known.
In tho country at large. the weeks re-
ports ara excellent, tho business for May
showing splendid gains over last weeks
figures. The cotton industry has received
check from the absence of demand
from China and the accumulation OF
goods at Shanghai indicates that this
trade Will not recover very soon, Railway
earnings in May were ll2 per cent heav-
Ter than last year. Foreign commerce
shows gain OF 81, $50 in exports and
pared with the corresponding week last
year. The country can we'll afford an ex-
hibit OF this kind, for 1t is more to our
interest to sell at satisfactory prices than
TO import at any price The balance OF
the trade in favor OF this country for the
current fiscal year, which ends with the
present month, bids fair to exceed all
records. The total foreign trade OF the
country for the same period will crowd
very close upon three billion dollars In
dustry is we'll employed; there are no la
Dor strikes and business failures are
about normal
The operations OF the week on the
stock exchange show the usual fuctua-
tions largely speculative, but the enor-
nous imports of gold have steadied the
commercial and business world so that
there is no uneasiness now apparent even
though speculation should run wild. The
~ cold from AIaaka boya 10