The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-03

growing tItltS VI INV NpN'''
Of like character with the increase
in the bank cIearanccs is the growth oil
business in the mining and stock eH-
change Of this city. During the month
Of February, 1906, there were 9oo,l''
shares of stocks sold on this exchange;
the amount they sold for was $442,'
66l 03 In February of this year there
were l,346,i0 shares sold, for $751;
2S561 That is to say, the number OF
shares sold increased fifty per cent, ana
the amount of money they sold Tor was
more than twice as great
We are also having more ram, WIN
snow in the mountains, which gives
double assurance Of ample water tor all
purposes during the coming summer.
The precipitation in February was $40
inches, which has been exceeded bnS
twice since the weather burean service
was established here in 1879; the pre-
cipitation in 1873 having been 3.49
inches, and in 1897 it was 3.Sl inches,
the heaviest in the thirty-three years
The average precipitation Tor
that time has been las inch
es: so that the precipita-
ton of the month lacked no great deal
of being double the normal, And March
has made . good entry for rivalry
The building operations in the city
have begun strongly. 4 number OF
high.class structures have been planned,
besides the great skyscrapcrs whose
construction is about TO begin by Mr..
Newhouse, the 'FNewhouse and the
" Boston, which are 10 cost S3,00O,oO0
and each TO be eleven stories. They
will be striking adoruments TO Main.
between Third and Fourth South. The
Judge building, the large Railroad
block " corner Third South and Main,
has the start of all great structures of
the wear; the excavation for the foun-
dation is getting on well toward com
pletion And other fine structures are
in process of planning, so that this Is
certain to be the record year in house
building for Salt Lake.
The real estate market is a strong
factor in our business prosperity. Large
sales are of frequent occurrence, and
the number of sales of routine order are
so many rs to enliven the market daily.
With il all. there is no boom; it is a
strong, healthy, steady demand, and
this arises primarily from the progress
Of the city in population and wealth,
and also from the conviction that this
city is bound to be one of the great
centers of trade and habitatiop, and
that investments in realty here are GER
tain OF great profit.
The mines Of the State ponr an in
creasing stream Of wealth into the
channels oe trade Last year this adj
dition, the years product OF the metal
mines Of Utah in 1906, amounted to
more than forty million dollars. The
DEVELOPMENTS and discoveries made,
render it certain that the yield the
present year will be moch above this.
And the smelters are taking care of 1t
that careful, conservative, energetic,
and up-tod date methods and appliances
are tho rule.
In the country at large, the CONNER
cial reports are optimistic. ''Trade has
improved all around," is the word. The
only fear that is expressed is that the
manufactures will overburden them
selves with orders, many lines having
their full capacity sold very far ahead.
Copper is still the star metal for as
cending prices, and premiums arc freely
paid for prompt supplies. The wool
market displays marked frmness, with
much activity. fSteel mills are fall
ing further behind with deliveries, be-
cause of new business greater than the
daily rate of output" No great indus
trial troubles have developed, unless the
disturbances at Butte are the initial
moves in such trouble.
The stock market is fairly well held
in hand, with the usual ups and downs.
Money is easy, and the supply of new
gold keeps pace with the demand, being
for the world at large something like
S35,000,000 a month. There is clear
business horizon, with every indication
for an enormous trade throughout the
year in all lines of business.