The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-31

StandlnG mas brought copper issues to
tho fore on the eastern markets, and
n substantial rally was made during
the first part Of the week. Market
values continue TO fluctuate yet, how
ever, for the real investing public is
taking time in reaching conclusion
markctwise, The big markets closed
weaker yesterday, and the New York
bank statement was hardly as fa-
rorable as had been anticipated.
Interesting developments continue
on the Western Pacific as the immi-
nence OF the time arrives for putting
on regular passenger train schedules.
Mr.. Levy and Mr. Lomax will pass
this week here and will make ont the
schedules for the two trains that are
to run daily in each direction be-
tween this city and San Francisco
President Eccles of the Nevada North
crn left by special train on tho West
ern Pacific during the week, his train
beng the first to leave the new ter
minal. The big union station will be
open for traffic August 18th. and the
Western Pacific passenger service will
begin on August 22nd
The week has been lively one for
traffic, Fruit trains continue to come
through on the Western Pacific from
the Sacramento valley. That road has
broken the record for fruit trains to
Chicago IN connection with the Rio
Grande and eastern connections,
The first through livestock train
since the flood was run through on
the Salt Lake Route, carrying sheep
and cattle to Los Angeles.
The Oregon Short Line has its sec.
ond track In operation from this city
to Pennington and the doube-track-
ing viii be continued TO Ogden.
Interesting plans are developing in
the lnternrban situation The Provo
Electric is holding enthusiastic meet
lngs, and its projectors announce
their determination TO build through
to this city.
The Utah Light 6 Railway Com.
pany has sent its men into Utah coun-
ty to look over the region. and sur
veys have been started below Sandy
for that interurban line. The Sandy
line with the branch to Midvale is
completed, and Will bo opened tomor-
row with fine regular service to both
places.
Parties living at Holiday and those
interested In the development Of the
southeast bench have petitioned LIE
Grand Young to build an extension of
his Emigration Canyon lne down to
that settlement, and he has the re-
quest under consideration.
In spite of the dry season and the
prevailing drought everywhere, the re-
ports of the grain harvest are decid-
edly encouraging. The yield is sure
TO be good, and 1T. looks as though it
would be considerably above the aver
age year, The heat and drought have
cut short the vegetable crop, but
there will be an abundance of fruit.
The range in the hills, in spite of the
drought, is good, but the sheep own
ers arc beginning to have their
anxietes as to the winter feed on the
deserts.
The general commercial reports say
that trade is still quiet throughout
the country, but with an underlying |
tone of quiet confidence. The eX
aggerations as to the damage TO the |
grain crops of the country are causing |
a reaction, and there is a decided tone |
of optimism as TO the fall trade. There |
is noteworthy Improvement in busi"
ness confidence, and production Is go
ing on at a fair rate
Business is fair in steel bars, with
sheet products at fair prices and tin
plate in active production and de-
maud Buyers for the falls trade are
coming into the primary drygoods
markets, and trading is improving IN
the various departments in that line.
In the metal markets, silver is hold
ing its own fairly we'll, and copper
well, with indications
that the fear of considerable drop
in price will not be realized.
The stock situation on Wall Street
is always weak and so continues, but
with fairly good crops, rs indications
now are that we shall have the coun
try is likely to pass through the year
in a more than average prosperous