The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-26

agencies will presently all be filed. Out
side agencies will be joint Rio Grande
and Western Pacific. The first joint
general agent is r. C. Nichol of New
York, while Harry Adams is made the
general freight agent for tho Western
Pacific at San Francisco.
Car service agents to the number of
16O visited the city yesterday. They
represented every great system in
America and were warmly received by
the local officials. These agents handle
their cars in their distribution and the
car shortages in the west at different
times will be investigated by them.
Their presence gives them an oppor.
tunity of studying Western conditions
generally, as well as specific matters
under their care.
The tourist travel is heavy. The Vel
lowstone draws even better than here
tofore. Jacob III. Schiff visited the
Yellowstone by special train during the
week and proceeded to Alaska. Mr.
Schiff is the real head Of tho Union
Pacific syndicate. The new depot at
Yellowstone is being much admired for
its beauty A picture of it is carried
in The Tribune this morning.
Steady progress is making on the
Gould depot. Lawns and gardens are
planned for the city front.
Tho Utah Light & Railway company
ia making heavy expenditures on its
machine shop and car shop on tho east
side block, which is q notable addition,
costing over 100000. Work is rush
ing on the beginning of construction of
the reserve steam plant on the west
side to cost from 100000 to S750,000.
Considerable anxiety is expressed as
to the agricultural situation, but there
does not seem to be any real cause for
alarm, The furry is on account Of the
drought. There is plenty of water in
the irrigation districts, even for lavish
use, If cautious conservatism were eX-
ercised, there would be far more than
is needed. Considerable agitation has
been manifested as to the alleged
failure Of the dryfarming this season.
A fuller Investigation, however, indi'
Gates that the complaints were prema-
ture and needless, for the dry farms
are, in fact, averaging fairly well.
Tue wool situation causes a good
deal Of anxiety to the sheepmen, but
doubtless they will fully realize their
before lcng, that the tariff law
has placed them altogether in the hands
Of the wooden manufacturers trust
In the country at large the great fall.
ing off in bank clearanccs indicating a
letting up in business progress, is the
feature Of the week. New York shows
a falling off of moro than one~ffth, as
with the corresponding week
of last year, and the aggregate falling
off for the week is over 100000 900 as
with the corresponding week
of last year.
On the other hand, it is reported that
business confidence gains in strength
with the improved crop prospects, but
the improvement in the crop prospects
is denied by others, and there is dis"
position TO await clearer view OF the
actual facts before branching out.
In industrial lines the situation ap-
pears to be stationary, with little evi-
dence of improvement. The iron trade
is fairly active, but pig iron is lower
and the trade feeling as to the last
half year is less optimistic than here
tofore
In cotton goods the movement con-
Times in the direction Of curtallment,
The feature of the wholesale trade, both
in woolens and cottons, is the increased
curtailment of the production at the
mills, to avoid an accumulation of
stocks, and also to secure more per
manently the grasp Of the cotton com"
bine and the wooden manufacturers
combine on the prices of cotton and OF
wool.
"Stocks decline as wheat raises,' Is
a headline that fairly expresses the sit
uation on "tbe street" Wheat raises
because of the feeling that there Is
likely to be A shorter crop than was
hoped, and stocks decline caused by the
shortage of wheat, means shortage OF
money to speculate with. Altogether,
the outlook for tho years business In
finance. commerce and transportation,
is decidedly poorer than it has been since
the first of January.
"You know this, every one of you.
I can accomplish more work with one
man who is amenable to me, and Will do
as I tell him, than I can with twenty