The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-24
BUSINESS AND TRADE.


The week has shown continued
strength and activity in all forms of
business. Money is plentiful collec-
tions are good, and there is every
prospect of AN excellent year in Utah
for all forms of business. The Legis-
lature has adjourned without enacting
any legislation deserving Of special
criticism from business standpoint,
and the community may settle down
to another two years run of prosperity
under unchanged legislation.
The conditions in this city are full
Of good points, and the feeling of
optimism and confidence that has Justly
prevailed. is growing stronger day by
day. The bank clearances of tho week
show gain of 305 per cent on those
of The corresponding week last year,
which were phenomenal in this respect,
rejecting as they did the sensational
upward movement i'm business stimulat-
ed by the advent of The American
party into power The increase at that
time. over the corresponding week of
1905, reached the phenomenal figure of
76.3 per cent, which would carry the
increase The past week we'll above 100
per cent over the clearances of 1905,
the last year of the dry rot Morris
church administration.
The stock exchange figures tell the
same story, in their degree, The sales
of mining stocks for the week just past
were 230,505 shares for S206,654.55,
as compared with 220,1s1 shares for
$160,379.06 last year in the correspond
ing week But for the 'Big Stick
panic, which so tremendously depressed
shares and paralyzed stocks, the show
ing would have been much larger in
gain, as it has been this year thus far.
The mines of the State continue their
great output, the settlements for which
are made in this city. These now reach
the high rate, approximately of So
100000 a month The mines are worked
with an eye single to maintaining their
productiveness and ensuring their
steady output. Utah mines are favor
ties in all The financial centcrs of the
world.
The smelters are doing effective work
in handling the tonnage that the mines
supply. They are equipped with every
appliance that goes 10 ensure rapid and
effective work, and the great additions
that at Garfield arc making to the
smelling capacity here will necessarily
raise materially the figures of Utah S
mine output.
With the passing of the winter, we
may expect revival Of the railroad
activity advantageous 10 this city. The
Western Pacific has not ceased opera
tions, but has utilized the cold season
to get It's track across "the desert, -
and has about accomplished that task. !
Renewed assurances have been given |
TO the public that this line will be !
from San Francisco to Salt |
Lake by September of next year This, |
besides being gratifying in itself is
an assurance that all the great lines
that are reaching westward-the Bur
lington, the Chicago & Northwestern.
the Rock Island, and the Chicago, Mil
waulSec & St Paul-must all build to
this city, in order TO get their choice
Of four outlets TO the coast and TO add
a thousand miles TO the haul they will
get, over their own rails The choice
they will get from here to the west
IS either the Southern Pacific, the Ore.
gon Short Line to Portland the San
Pedro 10 Southern California, and the
Western Pacific to San Francisco
The realty market here is eniveued
oy numerous sales daily, some of them
If considerable Importance, and occa-
'ionally a whale comes in sight. The
'act of Salt Lakes assured greatness
Is a city is now so well established
hat every one sees the safety of in
'estment IN Salt Lake realty; it is
Is good as money IN the bank. with
prospects of much higher returns than
my bank would grant.
The building season has opened with
N outlook that throws every other sea
on completely in the shade. The great
Newhouse structures, the Judge rail.
Dad exchange, the hundreds of dwell.
ngs going up ali over the city, assure :
year of unpreced edented building ac.
The unusually copious precipitation /
as provided water supply in the hills
hat will provide for all needed irri.
alton, and for every demand upon the !
'atcr supply. The farmers have every