The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-14
BUSINESS AND TRADE.


The city has taken mighty step for.
ward since the American triumph at the
recent cIcction-coufdencc and optim-
ism everywhere prevail.
The building activity continues with
undated Vigor, tho weather being en-
tirely favorable for construction. The
building is general throughout the city,
and covers all classes of construction.
1t looks now as though the building
record of last year, itself record will
be doubled by the construction of the
present year
With the great activity noted in the
transfers Of large properties and with
the constant sales of properties all
through the city, the aggregate of real
estate transactions every week is very
large. Negotiations for the purchase Of
large tracts Of city realty are on in
earnest. and viii doubtless continue in
good volume all winter. and in the
spring Will blossom out into a veritable
but entirely substantial ''boomn no
mere windy affair, but one based upon
actual merit and not in any way cx
ceeding the conservative estimate Of
value.
The mining situation is ono that is
IN every way encouraging. The local
mining world has recovered from the
terrific blow administered TO il by the
panic of 1907, and the mining industry
of The State is now substantially upon
| its old footing. The mines are con
lservatiyely managed, and have the con
fidence of the mining and financial
world Tho orc-reduction facilities in
this valley are better than ever before,
and are improving all the time. With
the completion of the great smelter in
the Tooele valley, this viii be as I'M
| portant an orc reduction center rs
there is in the world.
The railroad situation was enlivened
during the week by the arrival on
Wednesday of the first through train
over the Western Pacific line from San
Francisco. The track Of this company
being now fully completed, arrange
ments are in vigorous progress for
putting on regular train service. Early
in the coming month, doubtless, this
service viii be fairly established, and
Salt Lake City will have the imme
diate advantage of another through line
TO the coast, And this will be power
full factor in bringing TO tins city all
of the transconhncntal lines of the
middle belt. This new road will also
be extremely valuable in opening up
,., 10. ,Jcs - I, l,
western part of Utah, especially in tho
Deep Creek country, whose mines VIII
now have a better opportunity of ship
ping their ores than ever before.
The farmers and stoclraiscrs of this
State have had an uncommonly good
year The crops have been above aver
age; the ranges better than for many
years past: and the products from both
farm and rnngc have had a good mar
kct as unusually high prices. The mar.
kcts are well supplied with everything
of the best, and the State never en-
ioycd such prosperity as it is enjoying
now, this largely on account Of the
tremendous vitality and progress of
Salt Lake City under American admin
istration The tremendous influx of new
population TO this city largely accounts
for The splendid market which the farm
crs and stocSraisers enjoy.
| ---
In the country at large further prog
rcss in the immense prosperity which
| is now fairly entered into is noted in
the commercial reports. The iron and
steel demand has been exceeding all
records, and it is estimated that the
projects contemplated viii call for over
100000 tons of steel. Buying of rails
is well maintained, much of the busl-
ness extending info next year, and
orders for bars arc conspicuously large.
There is an automatic adjustment of
rising prices all along the line, based
on the higher cost Of production, and
partly, no doubt, by reason Of the new
tariff especially in cotton goods, where
tho tariff was so enormously increased.
Commercial collections are good, and
commodity prices, as a rulc, are all IN
clining toward higher levels.
The metal markets show vitality, and
the tremendous upward movements re-
ported Yesterday in New York in the
lcoppors, especially in Utah Copper, is
significant Of the general feeling that
higher prices for copper arc sure i'll
the near future.
There is an abundance Of money aud