The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-30
BUSINESS AND TRADE.

Tho business outlook is improving al
tho time. Money is getting easier anC
enterprises arc taking on more vigo
and energy. During the week the now
camo that the financing for the Now
house Hotel has been made and work il
Mt once to be resumed upon it. Tho new
Pcery Hotel, corner of Third South anc
West Temple streets, is also TO b,
rushed to completion at as early date
as possible. The new Hotel Utah i:
nearly enclosed, and the interior finish
ing of the Kearns building is being
rushed
The real estate market is in gooc
form, the activity being more largely
manifested In property on the southeast
bench, but everywhere real estate is
firmly held, both buyer and holder uu
derstandinG fully the advantage OF
owning Salt Lake real estate.
Local securities were rather quiet
during the week.
Trade Is active and strong in all de-
partments of merchandise, and stocks
are more varied than ever before, this
|
lation and the heavier and wider dc.
maud which that added population
makes. Dealers look for the holiday
trade to begin early this year, so that
| it will probably be coming on very
soon.
Throughout the State the feeling is
good, money being well distributed and
n fy L.
have been unusually profitable both in
excellence of yield and in prices re-
celved. The only thing that is caus-
ing any anxiety is the ranges. These
have been pretty well dried out during
the long and hot summer, and some ap-
prehension is felt about them. A good
many are selling off stock by reason Of
this uncertainty, and the probability is
that prices of live stock will be in-
creased rather than diminished.
very favorable week for the min
ing industry has just closed. The metal
prices are strong, lake copper touching
l3 cents pound at the close on ac-
count of the fast diminishing surplus.
All the producers as q rule are report
ed sold as far ahead as the middle Of
December and there is abundant reason
for believing that the demand for COP.
per before the first Of the wear will
bring about higher range of prices
than 13 cents.
Lead also occupies very satsfac.
tory position in the metal market. The
consumption throughout the world of
lead III 1909 was over 5000 tons in ex-
cess of the world IS production. If this
happy condition can prevail during a
year of wide industrial depression, there
is reason for predicting a greater con
sumption with returning prosperity
This naturally will operate for higher
lead prices, for the worlds production
is not growing in proportion to the
growth of consumption. Silver has lost
d cent au ounce during the past few
days, but unless the Far East financial
situation has been adjusted, the causes
that brought about the rise of ten DAYS
ago will keep the silver quotations at
somewhat higher range than the aver
age of the past year.
The metal issues on the Eastern mar
kets continue in their market leader
ship. The excess Of loans over deposits
the first of last week, coupled with the |
natural profit taking, put stop to
tho upward tendency of stocks, causing
a healthy reaction and a further re-
duction in tho short interest. Market
maintain that the movement
of stocks will be upward, but in view
of the many setbacks TO which the
speculative campaigns are subject with
out previous notice. the placing of safe
guards on all ventures is deemed ad-
visable
There is nothing of the boom element
either existing or expected in the local
market situation. A very gradual i'm
provement is noticeable, and many
stocks are gaining strength in answer
to encouraging mine developments. The T
public is taking hold of mining stocks
slowly, which will make for more per-
nanent conditions when better times
arrive.
striking interest is the postponement of
he date on which the new schedule in
he Spokane-Salt Lake rate cases is to
become effective. This puts the whole
natter at sea again, and all of the cases
ire reopened. ,
Grading Is being rushed on the Salt I
lake Routes high line in order to have $
t finished before any danger from c
loods down the Meadow Wash can be 7
i
The Bingham & Garfield is also push {
ng work, and the same is true of the f
Paris and the briggs branch. The Utah |
Company has all the con. a
racts and also the Colorado and Cali
ornia contracts, making busy times t
With it. +
Through passenger travel shows a t