The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-07-14
BUSINESS AND TRADE.

The extensive public Improvements
being now prosecuted III the different
parts Of the city are the special
business event Of the time They
cause q good deal of circulation of
money, the contractors being prompt
ly paid the laborers get their
money always on time and in full.
The public finances are in very fair
shape, with the prospects of an even
balance for the year. A number
Of new contracts for sidewalks, and
for the continuation and completion
of the sewer system contemplated in
the vote of bonds for that work, will
be pushed without delay.
Trade is brisk and strong in the
city, and in large volume. Collections
are good, and the prospect of a first
class mineral year yield, as we'll as
superior agricultural year, at
maximum productivity, give conf
dence for the stability of trade and
financial operations on large scale.
The bank clearances of the city show
gain for the week Of 62.3 per cent over
those Of the corresponding week of last
year, while last years clearances
showed gain of 9 per cent over those
the corresponding week in 1905. This
is gain in the two years of 1863
per cent, which speaks marvels for
the good the triumph of the American
party has done for the city, and the
benefits conferred upon it by the Ameri
can administration.
The revival Of values in mining stocks
has been q prominent and gratifying
feature of the week Salt Lake s stock
exchange is probably tho best. strong
est. and most vital of any mining
exchange in the country. The opera
tions of the week Joined to the revival
of values In the mining stock market
in other parts of the country, have
given new life TO this form of financial
operations, and the whole list is I'M
proved,
Undoubtedly the better showing of
productive value and prospective divi
dends in the Ohio Copper, Colorado,
Newhouse, South Columbus Consoli
dated, Lower Mammoth. Iron Blossom,
Nevada. Utah, and other Utah proper
ties, and in the Goldfeld Consolidated,
the Montgomery Shoshonc. the Nevada
Hills ard other great and solid Nevada
stocks, have done much to aid in the
restoration of values in mining stocks
The sales OF stocks on the Salt Lake
mining exchange. as reported for last
al -
were 4S0,525 shares, at S4l9.562.32, as
compared with POS, ,50l shares, at $40,
1852 for the corresp sponding week of
last year, showing a magnificent gain.
The railroad situation continues good.
The connection between the Western
Pacific track which is being laid
westward from this city and the Ne,
vada Northern, at Steptoe Junction,
will be completed in about two weeks.
Then as soon as the track can be bal
! lasted and appropriate rolling stock
brought in, train service will be
inaugurated, which will be almost di-
! rect from this city TO the great mining
camps of Cherry Creek, Duck Creek,
and Ely,
Word from the Moffat road, building
from Denver hitherward, has also been
favorable, showing activity from
Krcmmling to Steamboat Springs, this
work being among the heaviest of any
portion or the line. In crossing the
ridge to the headwaters of the Yampa,
and especially in Egeria canyon, >the
work is extremely difficult and costly.
When this road is completed, say about
three years hence, it will form a direct
connection with the Western Pacific,
and may be its short line eastward
from here.
With the coming of that road we
consider 1t certain that the other lines,
the Chicago, Milwaukee & st. Paul,
the Chicago & Northwestern, the
Burlington, and the Rock Island, will
necessarily build to this city IN order
to compete with it, and to get the
benefit of the haul from here eastward
over their lines both for passengers and
for freight. Here they will be
offered connections with the Oregon
Short Line TO Portland and all points
on tho northwest coast; two lines to
San Francisco, and line to Los !
Angeles and San Pedro. This is
a choice of routes not offered |
anywhere else, and it will force |
the building of all the main lines
to Salt Lake City. Needless to say,
the coming of these roads will add |
very greatly to the population and
wealth here, and will be of immense
value, not only TO this city, but to the
whole State.
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