The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-31
TRADE AND BUSINESS.

|
Of the corresponding week last year
were 44.0 per cent over those of the
| like week the year before. So that
| we have the clenrances increased by
SS,3 per cent in the two years This
is pretty healthy sort Of announce.
ment under the guidance of the Ameri.
can city administration
! The Mining and Stock exchange sales
for the month of March Just ending
were 1,129, l75 shares, for $l,l26,-
23S.54, compared with 1,l14S5l shares
for the month of March last year that
/ brought but s766, ,54974, IN increase in
value of sales of 1859 ,6SSS2. or within
fraction of 80 per cent, and this in
spite of the Eblg stick panic that
has SO tremendously diminished the
value of stocks in general, TO the injury
of local and mining stocks as well as
Of the general list Of securities in the
general market in the East. It IS
wonderful exhibition of the vitality and
strength of the mining stocks dealt in
! here, and Of their permanent merit and
values
Business in the city is strong and
active the bank clearances are good
and faithful gauge of it, The collections
are good, The realty market is especial
| ly firm and strong, with active sales
/ constantly reported. The real estate
men are good eyangcls of progress and
are doing first class work for Salt
| Lake.
The building operations of the sea
son arc opening up strong. Actual work
for two of the Newhouse eleven story
blocks has begun, and will be prose
cuted with vigor. The Judge building
is well along with its large basement,
and will be pushed rapidly Every
! thing bctokcns an Unprecedented year
for building in this city.
The mines arc putting out their regu-
lar output Of S3,500,000 a month. and
this yield is on the increase. The de-
velopments in the mines. with their
careful prospecting and efficient bust
nesslike handling, make them good for
continued, steady production Of this
character; the reserves of ore are
blocked out we'll in advance, so that
|
show abundant ore from which 10 draw
for supplies. 1t is because of this skill.
ful, provident management that Utah
mines stand so high in financial circles
and are such fayorite investments in
the capitahstic world,
The smelters did not get the relief
which they had a right TO expect from
L.. I I.
them the right of self~protcction by OK
tending TO them the right Of eminent
domain was so ''amended'' before pas
sage that it would have afforded little
practical relief. and that little was
squelchcd by Gubernatorial veto. But
they are pursuing their way in excel
lent form and are doing grand work for
the business interests of the State.
The additions TO the smelter capacity
of this valley by new construction at
Garfield are certain to add largely 10
the productive capacity from the mines,
for the latter are ready at any time TO
supply much more orc than they arc
doing.
The railroads are suffering from wash
outs and delays; they are overtaxed in
capacity at best, and when the wash
outs stop traffic, it is exceedingly diff
ficult TO catch mp. But all are putting
forth The utmost eXertions, and are
really doing very well
The week brough cheerful assurances
of the completion of the Moffat road
from Denver to this city, within three
years. This would mean a new Eastern
connection. and a short one 1t is ex-
pected. in accordance with this an
nouncement, chat work on the Utah part
of this line will be begun the present
year, as q good deal OF heavy work will |
be necessary between here and the Uni
tah country The Western Pacific is
pushing westward, and the iron is laid !
almost to the Nevada line from here. |
This road is promised, complete from |
San Francisco to this city by Septem-
Der. 1905
In the State at large, conditions fa-
vor a year of magnificent results An
abundance of water is assured for all
purposes. and agricultural operations
are of the brightest promise The
sheep-Shcarlng season VIII begin tomor-
row in some portions Of the State, and
Will keep up until four million dollars
have been paid to the hockmasters of
Utah, The unprecedented prices for
wool give the farmers great start for
the year.
Business conditions throughout the
country have averaged strong, in spite
of the damaging stock lurries in New
York. Every one of the chief financial
centcrs has shown increased bank clear
ances, the gain in all over those of the
corresponding week last year having
been more than 20 per cent Retail
trade was much stimulated by the
sprInglike weather, and the Easter de-
mand made II record trade, The an
that railroads will not push
some contemplated extensions has not in
the least affected the iron and steel in
dustry, which is at a height never be.
fore seen. The Industrial conditions
s-,,,. ,.l. .,u.l