The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-11
BUSINESS AND TRADE.

BUSINESS AND TRADE.
The beginning Of the storm week
ago helped business n little. but the
dry, warm weather camo on again and
prevailed the most Of the week; now,
however, the storm seems to have come
in earnest, and there is getting to be
u fair deposit of snow in the hills.
The trade of the city is picking up
comfortably, and the general feeling
is toward optimism and recovery
from previous conditions Collections
arc fair, out-of- town trade is strong,
and the holiday business is getting
fast and heavy. The Postoffice Christ
mas work bids fair to be larger than
ever before. Among retailers there is
general air of satisfaction
The building operations continue in
firstclass form, but taking chiefly the
shape Of finishing work already en-
clos |. The work Of finishing goes
forward speedily, The year will show
high record in building operations. The
kearns sky-scraper and the Utah Hotel
are making decided advances toward
completion. An event of the week was
the letting Of the contract for furnish
ing and maintaining the Utah Hotel.
to experienced hotel men from the East.
The feeling is good among real estate
dealers, the trade Of the past wee be-
ing above expectations. There is
sureness and permanence in the realty
market, and the feeling that property
owners are satisfied with their in.
vestments and holdings proves that Salt
Lake realty is not and will not be
drug on the market. A good degree of
activity is forecast through the stead,
ness of the present market. and from
the constant call from outside capital
for the pointing out of profitable in
vestmopts.
throughout the State have been sue
cessful and profitable. The crops have
been heavy, prices high, and profits
large. Money is better distributed
throughout all this region than ever
before.
The Copper Producers Association
were released last week, and a decided
ly favorable condition was shown, tax
ing the report as a whole. Exports of
copper were practically the same as
for the preceding month, deliveries for
domestic consumption were somewhat
- l.,
pensated for by the material reduction
in the production. The domestic sur
plus of visible metal was reduced by
about 100000 pounds during the
month.
Reports from various mining com
panies comprised the main news fea-
tuTe Of the week A very comprehen-
sive report was issued by the Iron
Blossom company, and on Friday the
report Of Henry Krumb, consulting en-
gineer of the Inspiration Copper COM
pany, was released, which report had
been awaited with much interest for
several weeks past. The Inspiration
has proved to be typical modern low
grade copper proposition, and it is a
matter of congratulation that Salt Lake
men share in the credit for its dis
coverv and development.
1t is difficult TO find the logic in
the very weak markets experienced in
the East, for in the face of splendid
crop conditions stock prices have
gained in several Instances new low
levels for the year. This has increased
the over-sold condition, and slight raj
lies have followed the closing hour eff |
fort of the short interests to cover. No
pronounced upturn is expected by east
ern authorities until after the turn of |
the year and the distribution Of the
January interest and dividend money
which should be of record proportions |
Restricted buying orders on the local
exchange have made it difficult for |
issues deserving Of rising price tendeD-
,ies to hold the ground gained. There |
is very little right now to inspire cour- |
age, and concerted bear movement
under the circumstances presents about |
The only means of profit to many of /
The talent. The coming year is con
looked forward to by loca
circles for more prosperous market con-
litions.
In the local railway field the event |
Of the week was the filing of articles
Of incorporation of the Utah and Grand |
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