The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-21
BUSINESS AND TRADE.

The sudden change in the weather
and the frosts in the latter part of the
week have caused considerable appre-
hension with regard to the fruit pros
poets for the present year. Precisely
what the effect Of the sudden cold snap
will be in this direction cannot be as
certained at once, but it is hoped that
the damage may not turn out as severe
as some apprehend. In this mountain
country these sudden changes are to be
expected in way, but still they always
seem to be unexpected and surprising
when they come
Business in this city for the week
has been strong and active in all lines.
Bank clearances show q gain of 1877
per cent as compared with the CORES
ponding week last year. And that week
Of 1905 showed q gain over. the cor
responding week of 1905 of 81 per cent
Taking the two gains together, the in
crease since the incoming of the Ameri-
can administration into power in this
city and directly creditable to that ad-
minlstration, is almost double on the
bank clearances in two years. And
this IS a constant showing, since week
by week practically the same figures
occur. They show a permanent pros
perlty which can be accounted for in
no other way than by the -romise and
security Of and results expected by
capital and business from American
systems Of administration.
The real estate market is In excel
lent form, and the holders of realty
understand perfectly that they have a
good thing. There can be no manner
Of doubt Of the safety of investment in
Salt Lake realty, and a certainty Of
great profits therein. 1t is evident TO
anyone knowing the country, that there
is no opportunity for city of any
commercial prominence east of Salt
Lake until Denver is reached; south
Of Salt Lake there is no onnortuuity at
all this side of the Mexican border; to
the west San Francisco is the nearest
great commercial city possible; to the
north the Canada border is reached be-
fore finding another site for a great
city. Here we have a area of con-
siderable more than a thousand miles in
diameter in every direction, of which
Salt Lake City is the natural metropo-
lis without the possibility of rival.
Add to this the immense natural wealth
in mines and of material products, and
there is perfect demonstration of the
certainty of pre.eminonce in size and
power in wealth and commerce, in this
city not to be found anywhere else.
When we consider that the mining Oh.
erations Of the State, the settlements
for all Of which are made in this CITY.
reach the great output of $3,50O,OO0 per
month of absolutely newly created
wealth, the Importance Of one great
factor of Salt Lake s resources is seen.
And besides, we have the knowledge
that this is far better natural sani-
tarium than any other place on the con.
tinent; with the Great Salt Lake sum.
mer bathing. the hills, the canyons,
the plains, all life-giving, sanitary, and
curative, with mineral springs of great
medicinal virtue-considering all these.
we say, it would be impossible to find
any spot 80 we'll favored by nature as
this. and so securely certain Of a great
future.
The building operations of the year
are starting off well; the Easements of
the Newhouse eleven-story structures
and Of Mrs. judges great railroad ex.
change block being pretty we'll along
towards completion, especially the lat.
ter, the great basement of which
Is practically finished. All over
the city buildings are going up by
the hundreds, and still the constant cry
is for more, and that tenants find it diff.
fcult to get satisfactory places to live
in, although all the new structures are
built on modern lines and with up.to-
date accommodations.
The mines of the State are prudentIv
managed, with good business skill. and
are turning out their regular average
of more than $s50,o00 per week. The
mines Of Utah are favorite Investments
in the money world because of the Der.
manence Of tho ore bodies and the bpsi,
ness-like and conservative management
which has control OF. them. The smelters
arc well supplied with the best and
most modern appliances for the rsduc-