The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-28
BUSINESS AND TRADE.

The opening of the spring season SHOWS
a good continuity in strength ana ac'
tivity of the prosperous business oohol"
tions which have so long prevailed III
this city and the country surrounding
An immediate cause for sangulne eA"
pectations of q continuance OF the e1'
celIent conditions which have prevailed
is found in the accommodation made at
Goldfeld, whereby truce is declared
between the lawless and the industrial
element in that great mining region. IL Is
true that the mining stocks have not
recovered from the depression which
the warfare inflicted, but they could
not be expected to do so until prac'
tical results had been shown. The pre-
liminary work of getting the mines in
order for production will take some Int
tie time before their output can have
much effect upon business conditions
and upon their stocks.
In this city business is strong and ac-
tive, collections are good, and the most
optimistic feeling prevails with respect
to tL9 prospective business Of the year.
The bank clearanccs Of the week show
an increase over those of the correspond
ing week of last year of 80 per cent.
Last wears clearances in turn were 20
per cent above those of the like week IN
1905. We have here therefore in the
two years an increase of over 10 per
cent in the bank clearances Of the city,
which form q good gauge of the growth
of general business. This 10 per cent
is to be credited to the American admin
istration, as compared with the last year
of the Morrisite church administration
of the affairs of the city.
The realty market is strong and ac-
tive, good sales being reported con-
stantly with occasional transactions of
magnitude. The building operations OF
the year will certainly eclipse those Of
any former year IN the history Of the
city; the Newhouse buildings and Mrs.
Judges railroad block leading off on
greater scale than ever before.
The mines of the State continue their
rich productivity, yielding an average
of S3,500,000 per month, The smelters
reduce the ores in excellent form. get
ting out the values in way satisfac-
tory to the ore producers. The business
of mining and smelling form the great
weaIrh-bringing industry Of Utah, the
agriculture being a good adjunct, fur
nishing the needed supplies to the min
ing industry and in return getting a
home market which assures immediate
cash and prices that a few years ago
would have been deemed fabulous.
During the week good news has come
from the activity of the Western Pa
cife, it having begun grading opera
tions in central Nevada, working both
east and west from Winnemucca. With
in sixty days, it is announced, the
Western Pacific railway will be con-
structed to Bews (the crossing of the
Nevada Northern railway to Salt Lake
City, which will give us an immediate
and fairly direct connection with the
mining camp of Ely. In this same con-
nection statement is given out, al
though so far as we know that state
ment is not official, that the Western
Pacific will build spur of it's own
down to the Ely camp. If it should do
this and branch off some distance this
side of the Northern Nevada connec-
ton, making a cutoff, it would in fact
be a reasonably direct line between
Salt Lake and Ely At the same
time, the official announcement some
time back, of the Clark intention to
push a railroad out from Tintic juno
tion TO Ely, is still a live project, and
will undoubtedly begin to materialize
the present season. Other railroad en-
terprises and connections, notably the
Moffat line from Denver under construc-
ton TO Salt Lake, will add very much
to this city's railroad connections, and
will make this point to which all the
transcontinental lines must build in or.
der to have n choice of connections
westward to the coast; choice being
offered here of coast connections at all
points from Seattle to Los Angeles.
The agricultural outlook for the sea-
son is excellent, The water is abund-
ant, and will undoubtedly afford an
ample supply that will last throughout
the agricultural needs, more lasting than
has been at all usual for many years.
Light frosts from time to time have
had more terror than they have inflicted
damage. There is in fact but little dam
age to fruit so far, and on the whole
few seasons IN the history Of