The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-20
THE SALT LAKE TRIBUNE SUNDAY ING MARCH 90

population causing expansion of stocks
and Of sale.
The mining industry Of this State
is on an excellent footing. The produc'
tiou of tho mines is large; the smelters
take care of all the orc offered, and
the product of the year will doubtless
show a value average of $2,500,OOO
month.
The railroads arc open. all but the
Salt Lake Route, the floods having
passed by and repairs having been
made except on the latter route. On
this the utmost energy is being ex-
ercised towards the construction Of II
new track; and TO replace 1t in the big
washout in Meadow valley; the new
permanent line being built so aS to be
out OF reach of all possible danger by
high water. it Is expected that the
Western Pacific will presently operate
regular passenger train schedules, in
the meantime its freight business Is
adding materially to tho receipts OF the
Denver & Rio Grande, as reported from
Denver. The Moffat road. so called,
appears 10 he dormant, so far as the
present wear s work ia concerned with
respect To Utah.
The season seems to be opening nn-
usually early. but the fruit growers VIII
have to keep n sharp look ont for pos
sihle damage by storms or frost; but
with smudging they have learned now
to protect their trees. and 1T Will be-
hoovo them to- be alert and ready for
change in the weather later on. Inc
precipitation of snow in the hills mas
been ample, and water will be abundant
for every needed purpose this year.
In the country at large, trade is ro-
ported as irregular, but reports as Il
whole show continued improvements
with the settled spring weather Trade
is considerably better than year ago;
the increase in finished steel lines, bars,
tubes, tin plate, sheets, and wire be-
ING heavy, and new business IN CON
struction steel good The coal trade
is active. making heavy demands up
on the railroads. The question OF
prices gives serious concern. The strike
in Philadelphia is a menace. although
not referred to i'll the commercial re"
ports as of special concern. The idea
seems now to be that settlement Will
be made in some form before long
The silver market has recovered a
little from the blow given 1T by the
India Government raising the import
tax on silver in India from to l6 per
cent. The white metal is still much
too low even on the demonetlzed
basis. The copper market is steady,
with a good tone pervading the market.
Iron and steel are somewhat higher,
with excellent demand.
For almost the first time in two years
and a half, there is now an uplift ID
the stock markets. continued buying
gives confidence, and the market holds
in place of breaking, as it has so uni
formly done since the fall of 1907; this
latter has been the rule ever since the
Roosevelt panic; and now is the first
time that there has been any real ex-
ception TO that rule.
The unofficial reports on winter
wheat are encouraging, and the Off
cial report as TO the amount of grain
in the hands of the farmers was de-
cidedly encouraging, proving that the
farmers arc holding a very unusual
quantity of grain. Altogether the out
look is for magnificent business IN the
United States in all lines of industry
u nd