The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-02-13
BUSINESS AND TRADE.

IL
0 building operations. These arc now be
ing prosecuted, both inside and out witt
i a yigor and energy which speak wei
' for the vast activity in this line tina
{ we naturally expect the coming season
, New building projects are constantly
brought forward, perhaps the most i'm
portant Of those Of the week lust pas
being the new large hotel to be bull
on the northeast corner Of Main anc
Fourth South. the old Kimball corner
The work on the Utah Hotel AT the heat
of Main Street is being pushed with al
modem appliances and energy. The
/. Newhouso Hotel on Main and Fourth
South is also losing no time in pushing
forward Other business blocks are also
in process of construction, and many
others arc in contemplation; while the
construction of dwelling houses is being
planned on an even greater scale than
last year.
To keep pace with this great activity
i'm building, the real estate market is
in excellent form The aggregate OF
sales is always large, and important
transactions are of frequent occurrence.
Everyone understands the value of Salt
! Lake realty and the desirability of
possessing it. so that the demand is
brisk aud the market is held firm
The banquet OF the Manufacturers
Association on Thursday evening was
in pursuance of "A plan 20 push the use
Of Utah products Everything served
up was of Utah growth and manufac
ture, and the banquet was an illuminat-
ing exhibit Of Utah's great possibilities
in this line. leaving little 10 be desired
and nothing to be needed.
The general trade Of the city for the
week, as measured by the bank, clear.
anccs, which is the best possible gauge,
shows n great advance over last year,
the clearances being reported at COS per
cent gain. This is an enormous increase.
especially when we consider that there
were only five full business days in the
week. The great gain in population un-
doubtcdly accounts for n large portion
Of this increase, this gain being proved
by the fact that although dwelling
houses have been put up by the hun
drcds in the past three years, these
are all Immediately occupied, and the
old residences also remain full. The
merchants keep larger and more widely
varied stocks than before, TO meet this
Increased demand.
The old.timc activity in mining opera
tions prevails, with great interest taken
in tho big merger between the Utah
Copper Company and the Nevada Con
solidated and Cumberland Ely. Mr.
MacNeil' S estimate of production by the
new combine of 2OO,0OO,o00 pounds of
copper per year, at Sl0,000,0O0 profit.
must be an cye-opener to any Eastern
financial circles that were disposed to
discredit mining as n profitable bust
ness The product of the Utah mines
during the present year will doubtless
reach an aggregate of something like |
$2,500,000 per month The smelling
facilities in this valley are of the best, |
and of a most extensive character, all |
new and tho best improvements being
added as their worth is established,
Great interest in railroad circles is
manifest on the proposition Of the new
line to be established for the Salt Lake
Route in the region where the great
washouts occurred. The intention is to
find the shortest route over practicable
ground. The great through lines of the
are straining their utmost cf.
forts to cut down distance. eliminate
grades and curves, and TO make possible
the swiftest time. This by reason Of
the mail and passenger competition, as
well as of the need for speedy delivery
Of many kinds Of freight This impor-
tant feature will of course be fully con.
sidered in establishing the new route.
and. some initial increase in cost viii
not be allowed to interfere with the
shortest and most practicable line
The Western Pacific is running freight
cars constantly between this city and
San Francisco, but has not yet estab-
lished its passenger trains and full
Of traffic.
Every indication is that we shall hear |,
from the Mohat railroad the ;
present season, with n probability of ,
,he beginning Of work on this line in I
Utah.
The general outlook for the State
he present year is frst-class. There is o
IN abundance of snow in the hills, in /,
lications arc for an early spring, the I
Weather bureau forecasting this There T
5 not much reason to fear any serious d
oss Of sheep in this State and alto ,
,ether the years prospect is first class &
In the country at large, the trade =,
cports are q little "spotted, - although 4
he great increase of bank clearances y
rom $3.50 ,5S7 900 in the corresponding Il
week of 1909 to 1882 $50 900 in the il
'ast week, shows a magnificent increase b
n trade prosperity. "
There IS an undertone of quiet in