The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-20
TRADE AND BUSINESS,

The beginning or tracklaying on the
Western Pacific railroad, within the city
limits. was feature on Friday as an
nounccd In The Tribune yesterday morn
Ing This was most welcome news TO the
public OF Salt Lake. No doubt the track
laying will now go forward without seri-
Gus or prolonged interruption. II will be
easy md rapid work TO connect the track
In the city with tho grade beyond Lake
Point. which Is largely completed to the
western State line. and as grading Is be-
Ing pushed energetIcally in Nevada, the
process OF tracklaying may be expected
to be practically continuous from now
on. The construction OF this road will
even In it's first stages be OF wonderful
benefit to Salt Lake; It will open up the
Deep Creek country, allowing the direct
and comparatively cheap shipment of the
ores of that wide and rich region TO the
reduction plants of this valley; and there
can be no doubt that these shipments
VIII be important The building of this
road from here to San Francisco. and
tho building of the Moffat road hIther-
ward from Denver. excellent nows from
which Is printed this morning, AK this
city as tho center OF great railroad activ
al
least two years to come
Business In tho CITY Ia active ava
strong; the bank clearances show a gain
for the past week over those of the cor
responding week last year OF ss5 per
cent, which is the greatest gain shown
by any city In the whole list OF those re-
ported In the Bradstreet list as tele
graphed by tho Associated Press Collec
tions are good, and the city Is enjoylne
good timee. 1t Is lively in business in
general and In particular. Tho real es-
tate situation Is especially strong. Manv
good transfers wero reported the mast
week. noteworthy among them being the
purchase by John j. Daily of the TeIlu-
ride block on Third South street FOR $50 COZ
The deal OF tho Rio Grende Western
probably Jointly with the Western Pa
cihc) In taking a large part of the old
Church Farm. south of the city. was
consummated for $4,000 during the weat
The building operations ara active. and I,
Is certain that these will be rcmortahI,,
heavy the present season
Tho mines OF the State continue to non.
their wealth Into commercial channels 81
the rate OF three million dollars a month
They are constantly enlarginR thar o.
reserves, and Will add materially To tbaic
output when the new reduction Wor1s on
tho west side OF the valley are corr
pleted. In the meantime, tho great small
ers In operation are doing magnificent
work In handling tho massee or o,as
brought to them for treatment
The recent rains have freshened tho
faco OF tho world here. and given fortIanS
assurance OF the abundant resources oi
water TO draw from during the ensuing
dry period There is an excellent pros
pect for the farmers: and the wool-PTow
ers are In clover. with their big feecos
that sold for unprecedented prices
In tho country at large, trade exnanas
with the warmer weather; the settIemenI
OF the threatened cool strike baS
strengthened tho industrial situatio9
enormously: railroad earnings for the
hrst week in May arc 1872 per cent hiebe1n
than those OF the corresponding Week
last year. Foreign commerce in April
surpassed that of the Same month ,n
any other year. both In exports and
tured articles being especially markcd
business failures arc materially below
tho average. Tho general situation ~,
tho country In finance, trade, and busi
ness. Is unauestonably very strong and
sound. with ON extremely gratifying OUT
look,