The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-06-02
BUSINESS AND TRADE.

has been the marked business event of
the week just passed. Already there
are Indications, from the throngs which !
attended the various resorts on their
opening day, that it is going to be a
great season for sll these places Of
amusement retirement, and recreation.
Salt Lake is we'll supplied with these,
and it supports them nobly. 1t is un-
doubtedly the best amusement town in
the country in the ratio Of its popula-
ton. Money is spent at these resorts
during the season not by the hundreds
or the thousands Of dollsrs, but by
the tens of thousands. The beauty of
it is that the people have the money to
spend and, full Of faith that there is
more where that came from, are willing
to spend it. Under the prosperous
conditions made here by the ascendance
Of the American party, every ore has
confidence in the future of the town,
every one rests secure in its good name
and high repute, and every one is de.
terrnined to have some good out of life
as the city grows under the fostering
care Of the American municipal admin
istration.
Business in this city during the
month Of May showed gain in bank
clearances over the corresponding
month last year Of % per cent, or, from
the $40, ,420,6s2,24 Of May, 1906, to
S25, 146, ,59694 in May, 1907 This with
the gain of last year makes an increase
in the bank clearanees duripg the two
years that the American party has been
in control here, of something over go
per cent. The weeks clearances show
an increase over thoee Of the CORE.
spending week last year Of 30,8 per
cent; the same week last year showed
q gain over the like week of 1905 of
1874 per cent; that is to soy, in the
two years the weeks gain was 52.25
per cent. This is doing eXcellently for
this season of the year, And in view
of the stoppage made for time by the
opposition politicians of public improve
ments here, by the city, it speaks vol
umes for the benefits conferred upon
Salt Lake City by the American party
control.
The real estate situation is first-class,
property being held firmly Mt strong
prices. There is always good money
in Salt Lake realty. And when we
consider the unrivaled location of this
place, the only point for a city be-
tween Denver and San Francisco and
the British Columbia and Mexican
lines, all can see the reason for the
confidence Of those who insist that Salt
Lake IS certain to be one Of the great
cities of the world. Not only is the
situation unapproachable for an un-
surpassable city here, but the natural
wealth surrounding it in mines, in agri-
culture, in grazing, and in all forms Of
industry, add the necessary elements to |
feed and support here an enormous
metropolis.
The mines continue their great pro-
duction at the rate of $4,000 per
week. The reserves Of orc are well
kept up in them, so that this produc-
tion. so far as it now appears, can be
indefinitely maintained; besides, there
are numerous ore deposits being opened
up in Bingham and other places, all
Of which more than serve to mako
good any exhaustion of the cid ore de-
posits in any Of tho mines
The smelters are getting on and doing
their work in excellent form. with the
strikes settled, and no present trouble
from the farmers who heretofore have
been so insistent and clamorous on a
double market for their products, first
in selling them and then In suing tie
smeltcrs for their destruction The sit
uation all along the mining and smelt-
ing lines is as satisfactory as could be
desired, This industry is the great
wealth producer of Utah, and keeps the
channels of commerce here well
smoothed.
The railroad situation is also first
class. The Western Pacific now prom
ises the connection with the Nevada
Northern within sixty days 1t has
been understood heretofore that this
connection would be mado by the latter
part OF tho present month, but it seems !
this must be postponed for another
month; SO that by the end OF July we
may confidently count upon that con-
nection which will give 10 ns good and
direct access to the great
mining camps os Ely Cherry Creek,
Duck Creek and all thereabouts. Other. |
wise the season has also great promise :
Tor Us In the railroad field If
The agricultural operations Of the
year have excellent prospects, in spite
If some damage by the late frosts
Ind reterdations by reason of the late
less OF the season. But the main crops
ire safe enough, and there is abundant
water to irrigate all,
In toe country at large, the unsea-
onable, cold, or wet weather has re-
arded trade. The month just closed is
epoTted az ayers oinu the cold est Nav !