The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-20
BUSINESS AND TRADE


this year. The work so we'll done when
the food was at its highest appears to
be cffcctual In restraining the water
/ which the recent warm weather re-
leased. So that for the season, doubt
less all fears may be dispensed with on
this score.
The announcement Of the plans of the
Commercial club for laying the corner
stone of its new building on July 9th
(Which will be the 4th of July holt
day was made yesterday morning. 1t
is good programme and of course will
be the feature Of the day.
The activity OF Mr.. Moran, the con,
tractor, for resurfacing Main street, is
the admiration of the city. He is
pushing things with Il vigor and
activity that are in every way admi'
rable, 1T looks as though he will have
the work completed, not only in time
for the G, A. r. encampmcnt, but a
considerable time before
The Board of Public Works, on Fri.
day, opened three bids for paving cx-
tensions aggregating little over $l00,
! 600, The bids were somewhat above
the City Engineer S estimates in each
case, and Mr., Moran was the only bid
der. 1t is probable that the contract
will be awarded TO him without diff
Guilty.
Andrew D. Burt, at the same ses-
sion of the Board was awarded the con.
| e.. So
amount of about $4,000, And so, the
public improvements are being pushed
with a vigor and energy IN every way
crcditablc TO the American party, as
well as to the advantage and progress
of Inc city.
The building operations throughout
Salt Lake City continue on the most
extensive and energetic scale With.
out doubt the building record for the
present year will far exceed that of
any previous year in the history of the
! city. For the five months Of The present
year that have elapsed, the building
| permits are vastly more, both III mum
Der and in value, than those of the
same, five months of any past year.
| While, as for the present month, the
! first week far exceeds the building
permits of the whole month Of June
last year, The construction Of build.
ings is being pushed in the most en-
ergetlc manner, and they range from
large business blocks to the most mod
est OF cottages, including business
| blocks, residences, apartments and
fats. The latter, IN fact, appears to
be the preferred of all buildings, In
the meantime, the demand for houses
of all kinds continues, so that the old
buildings are occupied as well as the
new buildings that arc being erected,
and this is conclusive evidence of the
wonderful growth of the city In popu
lation.
The real estate market is in good
form, with prices firmly held, and good
investments are offered continually. !
On Friday morning, The Tribune had
a showing Of n Los Angeles man who
invested here something more than a
year ago and cleared 900 in a year
in his realty investments. 1t was a |
typical case, but il came TO light, which |
a good many of them do not, those max
ing the money preferring TO put it into |
their pockets and say nothing about
it. But that the opportunity for max
ing large money in Salt Lake realty is |
frst-cIass, is amply proven by the profits
that so many have made in that sort |
Of investment.
The general business of the city is
running at full tide. The bank clear
anccs are favorable and practical
gauge of The extent Of this business. |
For the past week, the records show an
increase of 50,7 per cent in bank clear
ances, compared with the clcarsnces of
the like week Of last year. 1t is "A
magnificent showing, and testifcs splen,
didly that the business growth of the
city keeps pace with tho growth in
population and accrued wealth.
The mining industry of this State is !
doing famously this year. 1t is get
ting back to the old basis Of profit
in rich commercial returns. The mines
hold out strongly, and respond amply
to all demands made upon them. The
orc reduction plants are getting bet.
ter and more extensive all the time,
and there is a better feeling in min
ing circles now than there has been
since the currency panic of the fall of
1907.
In railroads, the special development
Of the week was the renewed report
that tho Santa FTe is building from
California to Gold6eld and Ely, with
a view of extending its lines to Salt
Lake City. It is reported that posi-
bly, the Moffat line, building from Den
Yer TO Salt Lake, may be used for a
through line for the Santa Fc. If
this is So the Santa Fe will have the
most direct route TO San Francisco of
any Of the lines, The Moffat road, it
is reaflirmcd, is fully financed and the
work is to be pushed cnergeticaIly.
l,,lIipo Ia,