The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
BUSINESS AND TRADE.

The spectacular event Of the week
has been the ''Get Acquainted" trip ci
the Commercial Club Boosters. There
is general feeling throughout the
state that it is time TO got together or
commercial lines and act harmoniously
for business and for the development
of the resources of the State. There
is no question but that tho Boosters
trip will be of very great benefit to the
State, and primarily to Salt Lake City
whose Commercial Club has the honor
Of inaugurating this Statewide move.
ment. Full reports have appeared in
The Tribune of this splendid trip, and
the roundup Of it all is given this morn,
ing.
Satisfactory progress is making in
the construction of the big steel sky
scrapers, that of the Newhouse Hotel
being completed in its full twelve
stories, the Utah Hotel coming close
along, and tho Kearns Office building
going up faster than any other
Throughout the city, building continues
in its energetic progress, everywhere
the builders being present and the con.
struction varying from the most costly
to the economical cosy home. Flats
apartment houses and bungalows are
favOrite forms Of dwellings
The real estate market has shown
considerable activity during the week
in the form of deals for homes, sub
urban building lots, and unimprovcd
lots in various parts of town. The
activities in the various subdivisions,
especially along the southeast bench, is
very marked. Clear down TO the peui.
tentiary this activity is manifest, and
the boosters of additions are doing
homes are just completed or going up in
those additions, and there is marked
demand for homes in those districts,
far removed from the smoke and dust
of the older portions Of the city. Many
inquiries from Eastern firms are daily
received by local real estate men, for
desirable sites for the location Of ware
houses and distributing depots,
The general business Of the city con
tinucs strong and active. The bank
clearances show gratifying increases
week by week, that for the week Just
past being 25,7 per cent increase over
the corresponding week last year. There
is ample money for all legitimate en-
terprises available on proper showings.
The current trade OF the week has been
better than ordinary, this caused
chiefly by the new population whose
presence is otherwise manifest in the
filing up of all OF the new structures
while the old still continue occupied.
In the mining situation there has
been a reversal of opinion in the East
in regard TO the general situation, es-
pecially as to copper, and The stock
markets show a somewhat stronger un-
dertone Professional traders are lean
ing more towards the bull side, evil
IDENTIFY believing the bear tendency has
about reached it's limit, but the general
public is not Fastening back into the
stock markets yet.
The greatness of Bingham was again
emphasized during the week by the
announcement that the Garfield smelt
ing plant is increasing its reverberatory
capacity to six furnaces, which will
give metallic copper output of ap-
proxmately 800 tons daily from this
plant. Additional capacity is neces-
sary owing TO the Garfield mills being
enlarged and the increase generally in
the Bingham copper production.
Goldfeld and Tonopah continue their
record production, with continually in
creasing resources as depth is reached.
The situation in Nevada is very eucour-
aging, and the mineral output from
various camps is in ever-increasing vol
ume.