The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-03
BUSINESS AND TRADE.

sion decision holding that the rates
charged by railroads for freight and
passenger service in this region are un.
reasonable and must be modified. The
Rate reductions were made on certain
passenger and freight rates between
here and the coast, but the reductions
on transportation to and from the East
await the finding of the Commission
which is to be made upon the report Of
the railroads of their earnings for three
months on schedules actual and sched-
ules proposed. Large sums will be
saved to the shippers in all this region
it is expected, by the final schedules
that will be approved by the Commits
sion.
Another noteworthy development of
the week was the announcement Of tho
near completion OF the link between
what was so long known as the Carson
Colorado Railroad from Keeler to Mo.
jave, distance of but ten miles, from
Mabel to Keeler, remaining to complete.
This will give a much shorter line to
Southern California from Ogden and all
Nevada points than the old line across
the Sierras; but this will chiefly bene-
fit Nevada, The shortest route from
Ogden still is by way of the Salt Lake
Route.
The $5,o00,000 contract for building
the joint road Of the Rio Grande and
Colorado Southern, from Pueblo to
Walsenberg, is let to the Utah Construc-
tion company of Ogden, very large
and important contract.
Great interest is manifested in rail
road circles by reason of the big de-
mand for transportation to the Jeffries-
Johnson fight at Reno. Special trains
make severe exactions upon the capacity
of the roads to supply them.
The general business conditions
throughout the city are in a satisfac-
tory condition, considering the usual
summer lethargy which is now upon
US. The stores are well stocked, and
the increased population makes heavy
demands upon them. Building operations
continue with great activity, and good
progress is making on the large steel
hotels, on the Kearns skyscraper, and
on other business blocks. The construc-
ton of dwelling houses continues all
over the city with great zeal and
energy.
The real estate market partakes of
the usual summer lassitude, but still
there is fair demand and prices are
firmly held. A local dealer reports a
party Of Butte capitalists in the city
during the week with prospective deal
of 100000 in anticipation.
An idea of the healthful conditions
Of the Utah mines is to be had from
the fact that fully % per cent of the
copper ores being smelted by the local
plants comes from small producers, SO
that the large companies, great as their
output is, do not exceed tho smaller
ones as might be expected from their
enormous tonnage handled.
The eastern markets, coppers especial
ly, have continued their downward ten
dency without break during the
week. There is strong conviction
that the future has been discounted
very far ahead by the existing depres.
sion in copper shares, yet the public
so far has shown no disposition to re.
turn to a market from which the con.
ditions bordering almost on a panic
drove it several months ago.
Utah mines during the first half of
the year distributed the sum of $4.3S2,.
552 in dividends, against S7,103,64 for
all Of 1909, and several of the most
faithful dividend-payers are not now
declaring profits pending new mine
equipment installations.
A review Of the Salt Lake exchange
shows that during the first half of the
year sales amounted to 9,526,7S5 shares
of stock, the market value of which
was 1886, ,191.75, against 21,2O5,o35
shares of a value of $11, ,6S1, ,354.o7 for
the same months Of 1909. A much
steadier course is being pursued by local
stocks at present, however, and the out
look is bright for the next six months
of 1910.
One important development Of the
past week was the beginning Of ore
shipments via the new Utah Consoli.
dated tramway to the plant in Tooele
county of the International Smelling &
Refining company, with the certainty
that the new smelter will be blown in
the first week of August.
General conditions throughout the
State are reported TO be very good in
deed. The earlier reports of the dam.
ago To fruits have been discredited, and
now great fruit year is expected. The
dry-farms are turning out better than
the first reports indicated, even the Sc
we're drought not affecting them more
than was expected, where proper meth.
DDS have been employed.
| The wool men of Utah have sold most
of their wool, and the report is that
only about 100000 pounds, or say