The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-18
BUSINESS AND TRADE.

The Lord is evidently with us, and It
is to us q good year In Utah Seldom
have there been such storms, rarely so
much precipitation. And prccipitation is
what We need; moisture is the life of
the summer. the great thing desired and
to be desired. In the season OF drought
And these storms of snow, with those
which have preceded them, arc laying up
treasures in the hills for the coming need
1t is going to be a good year for Utah
In other material ways, also The Gov
ernment will open Its campaign for the
Strawberry valley reservoir as soon as
the work can be advantageously pushed
IN the spring, and will spend a million
dollars TO bring that stream over into
this water system a supply that will irri-
gate fifty thousand acres
AS soon as the cold weather is surely
over the flockmasters Will begin shear
ing. and the wool clip will distribute four
million dollars from this center to buy
the f1eeces.
The Western Pacific railroad has begun
active work at this end OF the line, and
will soon have a good many miles Of
track laid westward 10 meet the road
building hitherwards from San Francisco
The Moffat road has been fully financed
for tho whole OF tho construction from
Denver to Salt Lake 1t has largo gangs
OF men at work In Gore canyon and other
difficult spots on Its route; 1t has It's limo
completed through the continental divide,
and IS running trains to Sulphur Springs
nom Denver; it Will build a long tunnel
through the range where it now crosses
on a temporary track. and II will soon
begin active construction work at the Salt
Lake end of the route.
This city Is the Mecca of the enterpris-
ing spirits OF the whole country; capital
lists arc investing their money here, they
arc planning large business blocks they
are investing in mines
The metal mines of Utah are turning
out wealth at the rate of thirty million
dollars n year, and are favorite invest
ments for moneyed men in all parts OF
the country. The enormous reduction
works that are being constructed at the
western SIDE Of this valley will add largely
10 the marketable product OF the mines
and will be a center OF industry whose
activity and Wealth-producing power can
hardly as yet be realized.
The demand for property in this city is
strong, and investments Will undoubtedly
be heavy within the rext ninety days. 1t
Is recognized by every one of discernmcnt
who visits this city. that Salt Lake will
of necessity be one OF the great and note
worthy cities OF the country and the
money invested in It's realty is as safe
as II it were In the bank, and as certain
of increase as though invested in gilt
edged securities.
For the farmers, tho stock-raisers, the
orchsrdist, the stockman. the season Is
% Infinite promise, the water will be
abundant for all purposes and the ranges |
will he freshened as they have not heen
Tor years.
Business in this city rot only reflects I
this optimistic spirit but actually is
taking hold of the good things OF trade |
now. The bank clearences or the week |
show a gain of az per cent over tho |
corresponding week last year being a |
strong continuation of A series OF similar !
returns since the first of the yeer Bust |
Eess is strong, and collections are good |
In the country at large both home and /
foreign trade show gains The tone OF (
most trade reports is favorable, and In,
oications are that the spring trade pres
Cnt and prospective VIII break all rec
oTds. The railroad earnings for the first
week in March were eight per cent larger
thnn ia the corresponding weak last year
Business failures arc below the average
The stock market has shown conserya-
tive strength during the week With
plenty OF money for all purposes. but lit-
tie of IL in feverish speculation. There
A. plenty OF use for it in legitimate bust
ness.