The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-20
BUSINESS AND TRADE.

BUSINESS AND TRADE.
The business outlook is Frightening
with the oucoming of the winter, Inc
new snow seen in the mountains yester-
day morning made everyone realize the
inevitable rounds of the seasons; and
the winter supply demand will doubtless
be brisk from now on.
The building operations for the sea
son arc drawing to close so lar as
outer construction is concerned. Inc
finishing OF the business blocks and OF
the hundreds of dwelling houses in diff
ferent parts Of the city IS also getting
on we'll and the winter will open with
a very decided accession of new struc-
lures of every kind. And they are all
needed to accommodate the forty thou
sand now population which the census
shows were added to the city within
the past five years
The purchase of the old Collegiate In
stitute building by the Rocky Mountain
Lodge No. 3, knights of Pythlas, for
$4,000, was deal of Importance of the
week. The demand continues healthy
for residential property. The new
Grand Hotel was opened during the
week.
The general trade of the city is good
The bank clearances of the week are
90 per cent above those of the corrc
spending week last year The outlook
for the holiday trade is very bright.
The farming and live stock operations
throughout the State have been profit
able during the year. The yield has
averaged well, and the prices have been
abnormally high. The ranges. however,
were so dried out that good deal of
the stock has been withdrawn and sent
To market for sale. Probably the herds
haze been moro thoroughly thinned out
this year than any year for a long time
for this purpose. The combined good
yield and high prices have made money
reasonably plenty throughout the State,
so that the outlook for winter trading
is very good,
In the mining world considerable
news has been forthcoming from the
new copper companies which are round
ing out their equipment for production
during 1911, and no better evidence that
the copper consumer Is convinced that
metal prices will hold firm at or beyond
existing levels is possible than the
steady sales of the metal. One promi.
ncnt producer has reported sales at Is
cents per pound for Immediate delivery,
while l3 cents for February delivery is
also reported from New York.
Mining circles have had time to digest
the October statistics of the Copper
Producers association, and all en-
phaslzc the decrease in the surplus,
while the increased production, which
was unexpected is leading many to be-
| lieve that the curtalment policy has
served its purpose, and that no further
effort to reduce by artificial means the
supply of the metal is essential. a.,
The present month will be a large one
for Bingham producers, and the time
is drawing near when tho Park City
mines can return to something like nor
NAL output of ores. There have been
recent improvements In few new Tin
tic properties that promise better re-
suits from a tonnage standpoint.
Salt Lake City during the week was
visited again by men prominent in the
copper world, and the sentiment ex-
pressed by them was very optimistic
All the metal issues look attractive III
view Of the expected rise in the metal
quotations as industrial conditions gel
better.
On the local market, BIT .937 shares Of
mining stock, valued at $e2 2,5o5.66, were
disposed of last week This was one OF
the best periods for many months Stock
prices havo gained materially in
strength, and the public has not hcsitat
ed to take hold again in cases where
mine conditions justified increasing val
ues. The Eastern markets have been
drifting again, favoritc stocks enjoying
active business through special causes
AS far as the East is concerned, the
public, as rule, is awaiting develop
ments before committing itself either
way.
The most important announcement OF
the week was from the Oregon Short
Line, to the effect that tho new mail
\ limo through Boise will be built next
spring and summer, from Owipza Il
Payette. 1t will not only place Boise
on the main travelled road, but will opcl
up splendid new country. Then came
the news that Pocatello is To have on,
of the most modern and commodious sta
tions on the system, and the entire yart
and shop plant at that place is to be re
: built and enlarged.
II The fair weather up. to Friday gave