The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-20
BUSINESS AND TRADE.

| 'iNitios oI lne SCato capitol Commls
sion naturally tako the lead. During
the week Typographical survey was
made of tho twenty-nine acres com
prlsing the capitol plat; and the com
mission ls taking preliminary steps tc
call for the submission OF plans for
the structure. 1t is understood that
the Kentucky State Capitol and the
Idaho State Capitol. pictures of each of
which were presented in The Tribune
during the past week, find much favor
IN the eyes of the Capitol Commission.
Actual work was begun on the ex-
cavation for the half million dollar high
school on the southeast bench; and
work on this structure will be pushed
without cessation.
During tho week il was officially an
nounced that S250,0O0 addition to
the Utah hotel would be constructed
to the eastward without delay; which
is gratifying sign Of tho immense
success of that hostery.
During the week also, the Walkers
gave notice to their tenants on the
premises on the northeast corner of
Main and Second South streets to va
cate by the first of November. This
means that the twelve or fourteen story
skyscraper planned by the Walkers for
that corner will be begun as soon RS
the ground can be cleared after that
date.
The announcement by the Auerbach
Interests that building will be pushed
night along on their big department
store on the west corner Of Third South
and State streets, together with the
fact that actual work was begun dur
ing the week, is matter Of high i'm
portance,
On Saturday morning Mr.. Samuel
Newhouse announced that arrange.
ments have been made to resume work
on the Newhouse hotel, southwest cor.
ner of Main and Fourth South, as soon
as contracts can be closed. Mr.. New
house says that construction will be
resumed in the very near future, and
that spring will see the hotel en-
closed. The steel framework has been
a good while.
Salt Lake City is bidding strongly
for the location Of the Elks' National
Home, and has sent a representative in
Col. G. L. Applegate, member Of the
Grand Trustees of the Elks and of the |
Elks' Home Commission, to Cincinnati
to present Salt Lake g bid for the |
home
That is certainly spectacular array
Of new building projects for the city
during the week, amounting altogether
to something like 100000.
The heat Of the week gave an I'm.
pulse to the demand for summer goods, |
and the stores are closing out their
summer stocks rapidly. the trade In
This form of goods during the past week
rivaling any week Of the early sea-
son. Fall and early winter goods re-
,eived scant attention. The merchants
have done, and are doing, a heavy
business, and they will be well
old out and prepared for the fall and
winter trade. The collections are re-
ported better, and brighter feeling
With reference to financial conditions
PREVAILS. With the coming Of cooler
Weather large increase in business is
expected; but the past
week has really shown an astonishing
ctivity, the bank clearances running
o per cent above those of the cor
esponding week Of last year. This is
continuation of the increased record
I the week before, which showed q
ain of Bis per cent in bank clear
ngs compared with the corresponding
7eek in 1910. These gains are re.
,arkable for the sultry season.
Buyers for the merchants are in the
astern markets busy purchasing and
orwarding goods for the fall and early
inter trade
AS the crop season draws towards
lose, 1t IS seen throughout the State
hat the present year is one of the
reatest agriculturally ever known in
tab. The general crops will break
he records. and special crops of fruits
Ill be far and away better than ever
nown before, while the mines keep
p their great output, Everything,
lerefore, indicates an era of pros.
Gritty for Utah, and for Salt Lake
ity, unprecedented in richness and ex
ent.
a good deal of interest is manifested
the changing rumors about The Mof
1T road; but in all of them the af
rmation is carried that the road is
Ire to be pushed through at the ear.
est possible date to Salt Lake City.
he latest rumor is that the Union Pa.
bc has taken in the project. and will
aid the road; but again, this is de.
ed.
Tourist travel is very heavy, that
IT Yellowstone Park being so far
head Of all previous travel as to make
1T only new record, but a new epoch
the number of visitors to that won.
/