The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-13

any large transactions during the week,
but the usual number of small trans
fers is reported There is fair demand
for residential property, and inquiry for
homes is brisk,
General business in the city has been
u little quiet during the week, The
bank clcarances show practically the
same as the corresponding week last
year Holiday goods are beginning to
come in, and "A number of business
houses are beginning their window dis
plays.
Copper mining circles received very
much of shock during the week when
the Copper Producers Association sta
tistics for October showed that the pro
duction of the metal had been eousid-
erably increased, the exact opposite be-
ing expected and freely predicted on ac-
count of the programme of curtailment
so freely discussed III copper circles.
The domestic surplus of copper was re-
duced little. however, last month, so
the tendency, although more limited
than there WAS argument to believe,
was after all IN the right direction.
During the past year of depression on
the local exchange, il has been fre-
quently claimed that the Tintic issues
had outIived their usefulness specula-
lively, and that new camp or camps
must be brought to the front before
prosperity again returned to the eX-
change. But Tintic mines for few
weeks past, especially last week, have
shown such underground improvements
that the various stocks affected have
entered the feature class once more, and
a very good amount of stock trading
was the result The Eastern markets
have shown marked weakness follow
ing the election, the public refusing to
enthuse over the altered political com
plexion of the country until due consid-
Grafton had been given the situation.
The professionals also hesltated, giving
the bear element a clear field for their
operations.
a number of reports have been issued
during the week by mining companies,
beginning with the quarterly statement
Of the Utah Copper company. The West
Quincy and Thompson companies both
entered into detail in regard TO the mer-
ger at Park City for the benefit of
st khoders Park City was the scene
of an important development when the
| 1850 level Of the Daily West was car
ried over into the Daily Judge property,
showing a full face of fine milling
grade ore, and at depth of 1850 feet
in the Daily Judge, the deepest working
in the history of this mine.
The metal market has been quiet.
Copper retains it's grasp upon the quo
tation 125sU13 cents. silver has weak
ened off to below SO cents an ounce
while lead has not varied for many
weeks from $440M4.50 per hundred
pounds.
The beginning Of surveys for the line
from Milford TO Beaver on Monday
carried renewed hope 10 the people OF
that county and city. The agricultural
mineral and livestock possibilities OF
|
and now it is but matter of time
when those products can be brought
to the market. Beaver, one of the pio
neer towns of tho southern part of The
State, is already filled with enthusiasm
over the project, and Minersvllle anc
Adamsvillc arc taking quite an interest
Many thousand acres of new land will
be brought under cultivation on the flat
southeast OF Milford, and it looks as
if the new pro iect Of railroad will pay
from the start. The surveys will be
continued beyond Beaver, the people
who organized the Iron Mountain, st
George G. Grand Canyon Railroad being
back of this new line.
The Oregon Short Line inspection trlJ
is still in progress and within short
time the prize winners of the year vii
be announced.
Saturday evening came the first an
nual banquet Of the Salt Lake Trans
portation club. lately formed by The
active railroad men of the city. j
was q great success aud bids fair tC
start new and friendly feeling be
tween all the officials. Salt Lake is be
coming a railroad center and with sucl
goodly number of good fellows ther,
is no reason why the new organization
) should not meet with complete success
From Chicago came the threatening
rumor of strike among engineers al
over the west and from st. Paul wa
wired the announcement. Of a meeting
DIT that place by the chiefs Of the west
crn railroads in conference to plan rat'
increases. Either action would be
serious blow 10 the best interests of th'
west and it is hoped that these mat
, ters will be fairly adjusted
Il Saturdays issue of Tho Tribune con