The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-06-23
BUSINESS AND TRADE.

The business and farming interests of
tho State are plentifullv favored this
year, If quantity of water is a favor;
and 1t usually is so reckoped in this re-
giou. The rain of yesterday was GER
taiuly refreshing one, although il
could hardly be said, in view Of the fire.
quent rains oi the month, that it was
especially needed; still, it freshens
things up and will be a help 10 the dry
farmers. The wet and cold weather, how
ever, which has prevailed so much dur
ing the present month, has been hard
on the strawberry crop. II is consider
able less than half a yield, and the
flavor Of the berry is by no means what
it would be in normal season. The
strawberry needs sun, aud can get along
very well without cold, damp weather.
Other fruits have also suffered, espe-
cially the small fruits. from the un-
ussl character of the season. Still, the
chief crops are benefited, and will show
far above the average, Alfalfa, espe
cially, which for some years back has
not been a good yield will be unusual
ly good this year. And, on the whole,
the farms will have prosperity dur
ing the present season far above the
average.
The mines continue their great output
and the smelters are freed, for time
al least, from the raids of tine farmers,
and arc doing excellent work; the mines
4
of $750,000 per week, and the product
is enormously enriching the business
fields everywhere and of all kinds. ii
is said by keen observers who visit this
city after visiting other cities, both
East and West, that Salt Lake City
shows more signs of solid prosperity,
business strength and financial resources
and has more promising future than
any other city that they have seen The
mining operations at Bingham are on
an especially extensive scale, and il is
worth anyone s while to go over and
see what is doing.
Mining stocks so far throughout the
year have been in depressed condition
But this is not because the mines are
failing or in any degree showing signs
of exhaustion. 1t is merely sign that
everything in speculative way has got
down to bed rock, aud that the market
refuses TO respond to stock allurements.
The controlling factor in the mining
stock situation is undoubtedly in Ne |
vada, and the manipulation Of the stock |
of the Gold6eld Con. has been the key
note to the mining stock situation.
Large hopes were built upon the keep
ing up of the Goldfeld Con. which was
capitalized for the enormous sum of |
$50 ,00o, 900. And as that stock dropped |
it seemed TO drag the whole stock edi- |
fee down with it. Lively recrminations !
are now in progress with regard TO the |
field Con, and the public will be glad |
to see the end of the depression, with
confidence restored and the mine pro
ducing largely with profit to the stock
holders.
Interest in the railroad situation here
is largely turned to the westward CON
nection with Ely In a little over A
month we shall have connection of
the Western Pacific with the Nevada
Northern, That will give us fairly di-
rect communication with Cherry Creek.
Duck Creek and Ely. We hope soon 10
hear of the beginning Of work also on
the Ely branch, which leaves the main
line of the San Pedro at Tintic June
ton; branch which has been officially
promised. and which we hope to see
actively begun the present year. II is
line that, besides giving good and di-
rect connection with Ely. would open