The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-10
BUSINESS AND TRADE.

The fine spring.like weather holds,
so that there is probably little doubt
now that the winter is past. IT was
an unusually short and mild one, and
though of course we shall have cold
storms and chilly snaps from time to
time, it is good TO feel that we arc
we'll and surely on the road TO the sun
and the warmth of the plcasantest sea.
son of the year.
The activity in the recall estate mar
kct is the phenomenally strong feature
of the local business situation. 1t is
talk everyw sales and eX-
tensive building operations. The New
house transactions, both as regards
land purchase and building plans,
easily lead all the individual PROPOSE
tons; the beginning Of construction on
the "Newhouse and the "Boston y
skyscrapers, each to be eleven stories,
is in sight; the occupants of the
premises have been notified TO vacate,
and before long the excavation will be-
gin. An important deal is concluded on
West Temple street, and in almost
every part of town the negotiations
are on for realty deals, with many con
summations. The present activity in
these lines join with the outlook for
the season in making a most cheerful
and confident feeling, not only IN this,
but in all business lines.
This feeling is amply justified by the
general business and trade situation.
The bank clcariugs for the week were
13.4 per cent above those of the cor
responding week last year; while last
year figures for the week were SS4
per cent above the corresponding week
of 1905, which showed the sensational
benefit conferred upon the business in
terests of this city by tho transfer of
the municipal administration from the
torpid, listless church agencies to the
virile, energetic American hands And
the increase of the past week demon
strates that the beneficial effects of
that transfer arc still potent An in
crease of 13,4 per cent over and above
the former increase of SS.4 per cent
makes a shining record.
All the indications point TO an i'm
proved trade in Utah this year. There
is ample water for irrigation, The
ranges are moistened as not before IN
many years, industry is in demand as
never before, and all the employments
need labor
The mines are turning out the metals
at the rate of more than $500 900 a
month. and the ore resources are well
kept up. There is au ample supply TO
draw upon for years TO come The
smelters are doing their work of reduc-
tion in the most skillful, thorough, and
up-to'date manner, and the great in
crease of smelling capacity in this val.
ley will make Salt Lake the center of
the most extensive reduction works in
the world; rs a matter of fact, it
doesn't lack much of being that right
now.
The Western Pacific railroad, during
the stormy months, has been utilizing
the cool season to rush its roadbed !
across what is left of ''the Great |
American DESERT 1T has passed over |
an extensive deposit of salt, showing
hat that region was once part of the I
ancient lake now called Bonneville. of
which the Salt Lake which we know
S the remnant. That salt bed was the
bottom of that arm of this ancient in
and sea, and it will doubtless In wears
o come be made valuable asset. The
Western Pacific track has now been
pushed westward from this city ia
niles, and is nearing the western Utah
Inc. 1t looks decidedly as if the
iould interests would be able to meet
heir promise of having this line com.
'leted between this city and San Fran.
lsco by September of next year.
In the State at large, all the pros
'ects are for great year of prosperity.
With the feed better than for many
ears, on the range, with wool at rich
len 8 prices, and with an abundance of
water, the people in all parts
I the State have rosy fartune in
lew
In the country at large, trade CON
ltlons continue to improve, the order
ooks of the manufacturers bulge out,
nd capacity to fill is taxed to the ut
lost. There are no labor troubles Of