The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-07-04
BUSINESS AND TRADE.

about the public improvements, the lead
ing OF these being the contracts and the
continuation of the tremendous building
activity which has been such marked
feature of the present season. The Main
street resurfacing is getting along we'll
and Mr.. Moran, the contractor, is push
ing things in fine STYLE and he has
begun work on the contract of paving
First West street from South Temple to
Third South street, His other paving
contracts Will also be pushed with the
utmost vigor, and all be finished the
present season.
The great building operations are in
evidence everywhere. The Newhouse
structures are getting about finished
ana a good many of the tenants are
now in occupancy The other large busi-
ness blocks are being pushed cnergeti-
cally. and are getting along in fine
style, while the construction of dwell
lng-houses in the forms of flats. apart.
ment houses, and pretentious residences
Is being pushed with untiring vipor.
This is Il great year for building in Salt
Lake. and will not only be the record
year, but immensely more than the rec.
ord
The real estate market continues in
excellent form, firm and with good
sales frequently reported, and the
amount of average sales make up n fine
total every week. Every one knows
that 1T is good and profitable to own
Salt Lake realty. This makes the buyer
anxious to obtain it, and the seller not
| too anxious to let 60 SO the market is
kept in q fine and firm tone all the
while.
The general business of the city is
decidedly on the upgrade. Bank clear
ances for the week are a good gauge Of
the business done, and show q gain in
the past week of 25.7 per cent, as com
pared with the bank clearances of the
corresponding week last year, which is
certainly good substantial gain. All
forms of traders are obliged to keep
larger and more varied stocks than ever
before, because of the great influx of
new population, this influx being
demonstrated by the occupancy of the
hundreds Of new dwellings as fast as
they are being constructed, while the
former residences are also fully occu-
pied. No better proof of the constant
and tremendous gain Of the population
OF the city could be asked. than this
The mines Of the surrounding region.
doing all their business clcarances in
this city, are rapidly forging TO the
front In their productivencss. and in the
meantime the veins hold out splcndidIy,
thus giving an amplitude Of ore re-
serves. The ore reduction facilities of
the valley are gaining all the time. both
IN extent and efficiency. We have
here now, one Of the greatest ore re.
'duction centers of the world.
The railroad situation continues first
class. The Western Pacific is nearing
its completion between this city and
San Francisco. forming new through
line. The Denver & Northwestern
(Moffat road is being pushed hither-
ward in its construction, with nothing
in the line Of especially hard
work. with the exception Of the big
tunnel through the range and the Uin-
tab work, to get from the waters of
The Duchcsne river into tho Provo val
lev. II is the expectation that the
latter portion of the line viii be done
the present season. The news received |
q short while ago that the Santa Fe |
was building from the coast to Gold. |
field and Ely, with contemplated line
from Ely TO Salt Lake. was welcome |
news, and il was given out as official |
The construction Of that line would give |
rs five railroad lines TO the coast, and |
would mean that this would compel and
hasten the construction TO this city
)f lines by the Chicago Il Northwestern
(which is within striking distance al
'eady), the Chicago. Milwaukee e ST.
Paul, the Burlington, and the Rock
Island. All these viii need TO build TO
Salt Lake TO get the one thousand miles
haul which such construc.
ION would give them in transcontinent-
II business over their own lines.
Throughout the State. various re.
'lamation and irrigation projects are
n the course of development. and new
mes are organized from time to time
The indications are that the present
eason viii be by far the most cXtcJi,
I'VE of any season ever known in the
history of Ut2r in tho opening of new
racts Of land for settlement II prom
ses to be a first-class year in this
State in all of its agricultural and
tockraising activities. The abur
ance of the winters S snowfall furnishr-
mple water for all purposes TIL
anges are better than ever before. and
Nth the exception of the Iucerue crop
n this valley. which is troubled very y
luch by the leaf wecvil, there is moth
ng to dim the prospects Of a bumper
car agriculturally for Utah this sea a
on.
In the country at large the July o
ayments OF dividends and interest in {
Jew York, exceeded al previous rec. Y
rds' There is an abundance of money II