The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-06-09
BUSINESS AND TRADE.

BUSINESS AND TRADE.
The announcement made during the
week that Mr. Samuel Ncwhouse
would erect fine building on lower
Main street for the housing OF the
Commercial Club was Of marked inter
est. When this project finally takes
form IL will be very sub
stantial addition to the list of struc'
lures that Mr.. Newhouse has pro-
iected between Third and Fourth
South streets and ut the old j. r.
Walker corner, the southwest corner
of Fourth South and Main. Mr.. Now
house g structures, when they are com
pleted, will almost be d falr-sized city
in themselves. This announcement has
added considerably TO the zeal in build
ing enterprises for the year, and as
Mr.. Cobb, Mr. Newhouse S architect,
is on the ground here now, IL is ex-
pected that very substantial impetus
will be given to all the building enter
prises that Mr.. Newhouse has on hand.
And others are active in following the
great lead that Mr., Newhouse gives
in Salt Lake s building activity for
the year.
The real estate market keeps up lis
interest, having firm tone, with sub
stantial transactions from time TO time.
1t is Il certainty that investments in
Salt Lake realty offer better and surer
returns than those of any other city
IN the country.
Business in Salt Lake City during
the week was good and strong, with
q gain in bank clearances as compared
with the corresponding week Of last
year of 36,1 per cent, very good in.
crease. The banks have plenty of
money, and the city is in excellent
shape for the seasons activities. The
business excursions from Salt Lake
have stimulated trade to considerable
extent, and it is pleasant TO know
that these excursions are TO be con.
tinued throughout the season and will
continue to reach out into the neighbor.
ing States, and especially Nevada, and
will cover the most important Utah
points from time TO time.
The pushing of the Western Pacific
railroad westward from this city con.
tinues at good rate, and by the end
Of July, connection is promised with
the Nevada Northern, which viii give
us a good and direct line to the great
mining camps of Cherry Creek. Duck
Creek, and Ely The Tintic Junction
line through Deep Creek to Ely is also
promised and will doubtless soon be.
gin to materialize. And the branches
to Phoebe and northward from Caliente,
will no doubt soon be under way This
Will give Salt Lake the absolute COM
mand Of the mining camps throughout
eastern Nevada, And the extension of
the branch from Las Vegas, through
Rhoylite and Goldtield to Tonopah, will
give MS a better chance than any other
town has for the trade OF those great
camps. 1t is evidently going to be a
first class railroad year for Salt Lake |
City
The rains Of the past few davs have |
flooded the fats around the city. the /
high water making it very disagree,
able to residents in the low lands. This |
flooding emphasizes the call made by
The Tribune year after year in the
past for the impounding Of the waters
Of City Creek and Parleys Canyon.
20 that those waters could be available
for irrigation or any other purpose
needed later in the season. while in the
lime or foods it would absolutely pre-.
vent damage by overflow of the
streams, The reports from the lake
are that the water is higher there
han it has been for a number of
years past.
Throughout the State the season
promises very well in the crop line.
With an especially profitable year for
he dry farmers. The season is late
md damp, and the dry farmers Will
'e largely encouraged and profted
The farms subject TO irrigation will
ave no lack OF water, and the crops
promise 10 he Grst class.
The mines, which provide the money