The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-23
BUSINESS AND TRADE.

|
! The farmers can come in more freely
and business is on n more easy basis
| The bank clearauces of this city show
Il gain of Is por cent the week Just
past over the corresponding week last
year. and that week in turn showed
markabIc gain over the clearanccs OF
tho week Of the year before.
Every Indication is that the aston.
ishiug building activity of last year VIII
he repeated again the coming season
Work is being actively prosecuted on
the Utah hotel az the head OF MAIN
street. on the Ncwhouse hotel on Main
and Fourth South, and the foundation
is being put in for The big Kearns sky
| scraper on the west side of Nam he
tween First and Second South. Other
building activity is also much IN eVi-
dence, and everything indicates re-
cord building year.
The real estate market ls strong and
firm There is much inquiry for realty,
and the owners. approaching the value
of what they have, exact fair prices for
| it, At the same time, the prices OF
Salt Lake are aston shingly low as
compared with realty in other clnes oil
Salt Lake s grade.
All Of the traders report good busi-
ness, although there has been n season
able lul since the big holiday trade
That trade was remarkable for It's vol
umc and the wide and big demand IN
cvorv direction. Sales are greater than
ever before and more varied IN char"
acter This by reason Of the large ac-
lcessions to our population during the past
two years, accessions which are fully
proven by the fact that although hun
drcds Of new residences have been put
np, very extensive and commodious, all
are taken Immediately upon completion
and the older houses still remain full.
The mining situation is excellent. The
ore bodies are well blocked out IN the
mines, and the ore reserves are in such
shape as to be dependable for months
10 come The ore-reducing facilities in
the valley are very extensive and those
at Garfield add tremendously to the
ability of this region to handle all ores
offered.
The railroad situation is an interest
ing one. with abundant promise for the
present year The Moffat road is as
sured of active building, with the prom.
isc Of the beginning of the harder work
in the Utah part of the line. This
track when completed will be the short
est between Salt Lake and Denver. The
Western Pacific, although fully complet'
ed, is still little delayed in putting
on regular train service. 1t is being
as rapidly as possible, and the installa-
ton of regular freight and passenger
service will not be delayed any longer
than is absolutely necessary. The wash
out on the Salt Lake Route is being
promptly taken care of by the authori-
the best route to avoid that down the
Meadow Valley wash is now being made
with energy. There is a strong influ
ence in favor of building down by
st. George, but perhaps stronger one
is active in favor of the route through
near Phoebe. The decision as between
these routes will probably not be long
delayed, but it Will take some months
before through traffic between this city
and Los Angeles can be re.established
The outlook generally for the State
the coming season is excellent. Much
depends upon the water supply, and this
is assured by reason of the great pre-.
cipitation we have already had in the
hills. Tbis is likely to beaded to,
so that we are more likely to be trou,
bled with an overabuudance OF water
than to face any shortage. This
abundance of water will permit of the
opening of more farms and of the thor
ough irrigation of all the land under
tillage. The winter is reported as be-
ing favorable to sheep III Utah, al.
though complaint has been made of un-
favorable feed conditions in Wyoming
and in part Of the Idaho winter ranges
A little complaint is heard from the
promontory ranges in Utah; but the
general account of the wintering of the
sheep "on the DESERT is satisfactory
The disturbances In Wall street
caused by the recent failures has had
no general effect, and neither have
those failures disturbed the industrial
and trade situations; both continuing
in healthy. active condition. There is
perceptible broadening of the demand
for pig iron in many leading centers,
although the demand for finished steel
is less active, the orders from railroads
being apparently held back
Sales are progressing satisfactorily in
the dry goods markets for the spring
trade, The break In cottoh, though an
unsettling feature, has made no change
in jobbing prices. Buyers of cotton
blankets and other mapped goods of a
staple character are operating freely
and stocks III all parts of the country
are reported to be well cleaned up. In
woolen goods slight reduction is made
on heavy serge, but the demand for