The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-12


smeIters for ore supplies, and command
tbo confidence of capital and of the
investing public,
The railroad situation is as good as
can be. The Western Pacific Is push
ing on beyond the Nevada line west
ward from this city, and WORK Is pe'
ing crowded OH every section OF tine
whole construction between this city
and San Francisco. The promise that
this road will be finished from san
Francisco to Salt Lake by September.
1908, will, from all appearances, be
surely fulfilled The Moftat road,
building from Denver hithcrward, IS
promised of completion within three
wears. and the present season is lkely
to see a great deal of activity IN the
Colorado part of this line, and also
the beginning of construction Tor IL IN
Utah. The railways already construct
ed and under way from this city 10
the coast will make Salt Lake the
most desirable point OF junction for
the Chicago, Milwaukee & st. Paul, the
Burlington, the Chicago and North
western, and the Rock Island and Pa
cifc, OF any point IN the country. All
must build here to get their connec-
tions with Portland and Los Angeles,
and the double connection with San
Francisco. In addition to the advan-
tageous connections thus to be had by
building TO Salt Lake City, those lines
would get from five hundred to a thou
sand miles additional haul Of freights
and passengers on their own rails, as
compared with what they receive now,
The advantages being so noteworthy
and so evident, 1t is practically assured
that the construction of those lines to
this city cannot much longer be de-
layed.
Throughout The State the agricultur-
al prospects are frst-class, There Is
an abundance of water for all purposes
of irrigation, and undoubtedly it will
last we'll throughout the season. The
fruit has been somewhat damaged by
frosts, but we look to see fair or
chard crop this season. The wool clip
has been unusually good, and the price
remarkably high The fockmasters
have had profitable year, and the
100000 paid TO them through the
banks of this city will go into the
channels Of commerce, enrlchlng them
and promoting the general prosperity.
In the country at large, crops bid
fair to be up to the normal standard,
this being the declaration of Secretary
Wilson, but the market holds different.
In spite of reports of slowing down, so
freely circulated, the general business
and industry and prosperity of the
country are evident in marked de
gree There is a maximum production
in iron and steel and other industries,
and higher prices for cereals, cotton,
and other farm products, which makes
money plenty and insures its effective
distribution. Building operations
throughout the country are considera-
bly, in excess Of last year, which was
also a very active year in construction.
Business failures are below the aver
age and the timld, almost panicky, CON
ditions in New York have now passed
away.
The stock market is still somewhat
weak by reason of the reluctance of
the public to take railway securities.
This reluctance is based largely upon
The uncertain character OF the regulat-
ing legislation which may be proposed
by the President and worked through
Congress. The attitude of some of the
States in apparent hostility to the
policies of the railway arrangements
has also affected prices and added to
the reluctance of the public TO buy rail.
way stocks and bonds. But in spite Of
all unfayorable conditions, the rail
roads arc adding to their equipment
and strengthening their facilities for
handling the enormous bulk of traffic
at a rate never before known Cars
not by the thousands, but by the tens
of thousands, are ordered. Locomotives,
not by the scores, but by the hundreds,
are ordered, Steel rails and railway
equipment are ordered in such tremen-
dous quantities that the manufactur-
ers hud dlihculty Ill tlllng the orders
within any reasonable time. 1t is ev-
ident, therefore, that the railway man.
agement do not share the. timidity of
the public with respect to the future
of the railway properties and the rail
way situation This confident atti
tudc of the railway managers and the
tremendous orders they are placing for
equipment and added cars and locomo.
tives is bound to have It's effect Oh the
investment public, and to open up
market for railway securities stronger
than ever before. The financial nnd
industrial situation is one of very high
promise and of present strong fulfill
ment. While VIC may not in all re.
spects have record breaking year in
TINS country, we are sure TO have one
that is well up toward the highest
mark.