The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-22
BUSINESS AND TRADE.

Capitol building. TO cost approximately
100000, and an administration build-
ing at the University, to cost S3OO,OOO,
add TO the brightness of the outlook
General trade in the city is good
for the season. There have been the
usual annual white sales for clcarances,
and these have been largely patron
ized Spring goods are being received
and displayed; and in all lines staple
articles the past week have shown
good business.
A number of plans for building
houses for sale were completed during
the week. there being much anticlpa-
ton Of demand in this line, the call Tor
modern houses being still unsatished'
And the desire is to meet The demand
of newcomers for modern homes. lhere
were receipts Of outside capital within
the week for investment IN business
property The realty market is taking
on better outlook, and expectation
is good for the season S trade.
The snowstorm Of Friday night made
heavy deposits in the hills that were
much needed, as some uneasiness was
beginning to be felt on the shortage
Of early snow deposits. The seasons
water supply is now reasonably assured
from this storm. and doubtless we shall
have others that Will make assurance
doubIy sure.
Word from the ranges is that the
sheep arc wintering well, having plenty
of water and forage.
The railroad situation was note.
worthy in the receipt of news during
The week that the high-liue of the Salt
Lake route, through the Meadow Valley
Wash. is being rushed, and will be
ready to turn over TO the operating de-
partment by the middle of March.
The official announcement Of the
Oregon Short Line that it will spend
$l0,00O,000 in extensions and cut-ofis
in Idaho. and in completing the work
Of double tracking is lines between
Salt Lake City and Ogden, was re.
ceived.
The railroads are preparing to spend
money by the tens OF thousands of dol
lars in advertising Utah more exten-
sivcly than ever before.
The Western Pacific has Just sue
cccded in clearing its track and estab.
fishing through service again since the
storms in the Sierras of over a week
ago.
Residents Of the southeastern parts
OF the city are asking extension of the
street railway service 10 the far south
on the bench.
Discoveries of new ore bodies in the
Park City camp during the week past
have afforded the principal topic OF
conversation locally, while these dis
closures brought a renewed interest to
mining stock trading on the exchange
Those who have been depending wholly
on the Tintic issues TO restore conf
dence aud prosperity to the exchange
are now willing to give Park City an
equal chance. There can be no aues
ZION of the ability of the Park City
mines to make splendid record OF
production throughout 1911.
Among the metals, lead continues to
be the only one that holds its advance
in the face Of rather unsatisfactory
metal conditions. Lead is not accu
mulating in the by.places of the world
nor does there appear to be much prob
ability of new camps Of Importance
being discovered. Silver has huctuated
.nthin narrow limits, and closes the
week at the low point. Copper prices
were halted in a slightly downward ten.
dency day or two ago by liberal pur-
cbases, much of which metal will be
exported Copper reflects the general
industrial situation, and conditions will
continue to drag until consumption feels
tho effect of the removal of many i'm
pediments now blocking progress.
The smelters Of the valley are in a
position to take the greatest copper,
silver and lead ore tonnage of their his.
tory. The Garfield plant is capable
of producing from twelve to fifteen
million pounds of copper a month. The
international plant, operating at half
capacity, is looking for copper ores
everywhere within reach of Tooele. The
lead smelters at Murray and Midvale
would welcome double their present
supply Of ore. With the easing I'D of
financial conditions there will be no
argument for the wide neglect of un.
developed mining prospects as at pres
ent.
The commercial agencies report i'm.
provement in the financial conditions
throughout the country as n marked
development of the week, accompanied
by more active trade distribution.
Iron and steel are in better demand
by reason of this report. There is new
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