The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-21

tion Of ores and the saving oi
Tho capaoity Of this region as a sh,eiV-
ing center is being materially auueu
NV the construction OF the Pi"n''
Garfield and the Point of the Mountain
vvho, al, that are already under CON
struction are completed, TINS VIII
one of the great smelling eenVei' "
the world, Throughout the Stale '"'
indications for the year are hrs' c'As''
The agricultural situation in genera
is splendid, the supply Of water ioi -.
ripation purposes being amply seo"ie"
and 70 spare for the whole ensuing sea-
son. Strengthening is progressing "el'
the clip is good. we'll grown ana cieun'
and the prices for wool are hlgn' n'
winter was a moderate one, ana the
sheon have come out Of it strong ana
healthy.
In the country Mt large. business Is
good, although the spring trade mas
been somewhat hampered by inc paeN-
wardness Of the season. Ihis, however
is not looked upon as serious, because
what is lacking can easily be maae
up. The wheat outlook is not AS prom
isine as it was, because OF reports IN
dicating that the wheat belt OF the
southwest is suffering some from
drought and pests, But the pronanil'y
is, after nil. that there will be a good
crop. and indications in other agri-
cultural lines are all favorable.
The foreign trade of the country IS
increasing by leaps and bounds, poth III
imports and exports, the certainty pc
ing that the present fiscal year, which
ends June 30th, viii make new record,
and that that record will be consldera-
bly, above $3 900 100000 for our foreign
trade. Business failures throughout the
week are considerably below the aver
age, with the amounts OF liabilities very
much decreased. The big STICK
panic which threatened New York not
long since is now a thing of the past,
money is easier and the supply seems
to bo SO great that even New YORK
makes no complaint. 1t is astonishing
by the way, how the commerce OF the
world can take up all the new gold
nels. The Rand is sending in upwards
Of $10,000,000 per month Of new gold.
This country sends in along towards
SS,O00,0 900, and the rest Of the world
is sending enough to make the whole
gold product total considerably over
$35 100000 per month. Nearly all
this goes into commercial channels, ana
still every once in while there is an
outcry that money is scarce. This out
cry leads one to wonder how the com"
merce of the world ever got along be-
fore the modern era Of great gold pro-
duction was ushered in. Suppose that
we were now receiving from the mines
Of the world only about $10o,00O,OOO
year in gold in place of the upwards
Of S4O0000,0o0 that we are now re-
ceiving. how could New York get
along7 1t makes outcry enough now
10 make the hearer believe that there
is no new money at all being received,
What would it do if less than one
fourth of what in fact Is being re-
ceived were turned in the channels OF
is that it is not content with legiti:
mate amount nor with plethorlc sup
ply Of money, bat it wants to speculate
and reap profit without making any real
investment, to live on the cream and
let the country at large take the
SKINNED milk. One great disadvantage
to the country is that the treasury of
the United States is by virtue of the
ereenback redemption obligation and by
virtue of the construed necessity OF pro-
viding government bonds as a basis
for national bank currency, tied up so
that New York spectators are given
undue advantage.
The small clouds upon tho bright
outlook for a season of great prosperity
are so insignificant as to make no real
blot upon the brilliant outlook for a
year of unparalleled activity IN all
branches Of trade, industry, finance,
and commerce.