The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-23
BUSINESS AND TRADE.


With the closing Of the year, the
business situation grows more cheerful
than ever. Never in the history of this
city was there such an enormous
holiday trade as that which is now in
full food. There is vastly more money
spent now in the way Of gift making,
of every sort, than ever before
known. The articles bought are more
generally. of high grade and cost than
in any former year, Every merchant
is aware of the open purse spirit
which prevails, for all forms of trade
are represented in the abundant pur-
ehases made. And the store Of money
available for this purpose holds out
with a plcnitudc that is alike salts
factory TO buyer and to seller
The realty market keeps strongly on
in its active business. Large sales are
reported from day to day, and the
number of lesser or average sales is
great. There is r. vigor and healthy
tone about the real estate operations
which augur we'll for permanent
market. 1t is of the utmost Importance
that the man who has thought that
he would be lucky If he could get
five thousand dollars for his property,
should not. now that the market is
brisk, demand ten thousand for 1T.
The way 10 encourage sales and keep
the market good, is TO accept fair
price, and sell; it won't hurt the
seller, if he gets his price. TO see
the buyer make a few dollars also.
In order to have market, 1t Is neces-
sarv 10 have both sellers and buyers;
the buyers are ready, and the sellers
should meet them, on falr terms:
II is known 10 all that this is bound
to be the great city of interior
A
Salt Lake realty are absolutely safe,
and sure of good profit.
The general trade of the city is in
great form. Collections are good
money is plenty. and easily obtain
able at fair rates, The bank clear
nnccs for the week showed an in
crease over those of the corresponding
year s record shows an unprecedented
record in bank clearances for Salt
Lake.
The mines are strongly maintaining
their thirty million dollar year
output. The prudence and skill
with which they are managed and de-
velopcd make Utah s mines favorltes
in the investment world, both OF
America and Europe. The one
cloud on the mining sky is the war
which the church organ has stirred up
among the farmers against the
smeItcrs, under preteuse that the fumes
and smoke destroy their crops. But the
real motive behind that war is the
plot of the church oligarchy TO get
control of the labor at the smeltcrs for
tithing purposes, The usual employee OF
the smelters does not belong TO the
church, nor pay tithing; and the church
leaders are anxious to change this con"
dition to their own advantage. 1t rs
situation that will probably compel
the smelling companies TO build plants
for the treatment of sulphurous ores
at other points: probably IN the
vicinity of Garfield, on the west side or
the valley,
factory. Salt Lake City is the obiec-
tive point for all the mountain
country now in railroad business and
I construction. The choice OF routes
from here to the coast at different
points makes this the desirable goal
for all the great railway systems, lhe
project to have the coming Legs
iatnre of this State create rail
transportation business, which IS Just
now SO strenuously endeayoring to ad.
lust itself 10 the new legislation OF
| Congress, is not likely 10 be backed
with enough vlgor TO made IL sue
cess, There is practically nothing for
such a commission to do in Utah, as II
| could have no power over interstate
traffic. which comprises nearly all the
traffic We have. >,
The farmers have had an excellent
wear. and the prices realized for their
products have been phenomenaily
high, with yields of crops and surplu
stock far above the average. The good
feeling which this has engendered mas
been added TO by the early and heayy
SHOWS of the season, which make De
posits in the hills that are reassuring
for next year s crops. The wool sales
have been immensely profitable, and at
prices which are away above tne NOT
NAL. e
In the country at large the rush. OF
business is immense. The extent of it
is restricted only by the ability of the
roads TO handle the freight offered.
The coal situation throughout the West
is materially improved, and presently,
from all appearances, there Will be no
reason for complaint. The holiday trad
throughout the country has met the
most sanguine expectations, ont t6is
has NOT in the least diminished the de-
mand for staple articles, which has
been bevend anticipations, and has
depleted stocks TO such an extent
| that wholesale trade experiences un'
usual activity for the season.
Copper is tirmer and scarce; large
premiums are paid for spot deliveries
and this tends to decrease future puT,
chase for the time being, Lead and
spelter are both higher.
The business tone everywhere 1s OF
tho utmost confidence, and the country
was never so strong and 30 solid IN all
of it's industrial, financial: and com
mercial interests as it is today, nor was
| the outlook ever before so bright.