The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-05
BUSINESS AND TRADE.

| ing of the UemDfls OF 'uit N'ih'''os''"
a the Commercial Club tomorrow will
he attended by considerable numbers OF
our business and financial men The
idea of the commission in making us
itinerary ard seeking the views of e1"
perts on the money question is 70 per-
feet the currency measure which TINS
commission is expected 10 report to Con-
gress early in the coming session.
The event Of con spicuons interest dur
| ing the week has been the initial move
Of the Walkers 10 tear down the old
buildings on the northeast corner or
Main and Second South streets, 20 clear
| the ground for the erection OF their con-
ltcmplated sixteen story skvscraper. That
| is a historic conner, and rumor has been
busy for q good while as 10 the big
structure that was 10 be put there Now
the work has actually begun, the plans
have been fully displayed and approved.
and the building is assured. 1t Will be
p conspicuous ornament and utility to
the city.
The completion of the Walker struc-
| ture on the corner north of the post.
Office is drawing near. That also viii
he commodious and desirable addition
to the business facilities of the city.
In real estate circles there is feel
ing Of cheer because the businss is main
tanning an exceptionally high volume.
1t is reported that much property IN
additions and subdivisions is being
bought up. the realization Of fact be
ing that investment in this class OF
property constitutes profitable business,
Merchandising is stated by dealers TO
have been exceptionally good in the past
week. The record of the preceding
week was oVer.topped. as was that of
the corresponding week last year. This
statement of condition is true of all
lines barring the furniture trade, which
remains about stationary 80 far rs vol.
ume OF business is concerned.
The bank clearances of the city for
the week showed gain over the cor
responding week of last year of So per
cent.
There is "A movement starting 10 have
the Mdvale line Of the Utah Light &
| Railway company extended TO Draper,
and the agitation at this time appears
to be in such form as to bring about
the desired end
An event of Importance in the rail
road world during the week was the
turning back by the Oregon Short Line
of the Salt Lake division of the South
crn Pacific 10 the Southern Pacific man
managing that division for the past
seven wears
The presence Of Mr.. h. +. Calvin,
vice president and general manager Of
the Southern Pacific. OF Hon. " 4.
Clark, president Of the Salt Lake Route.
of Mr.. George +, Herr. general pas
sencer agent for the Western Pacific,
in the city during the week have en-.
livened railroad matters materially
The Park CITY Commercial Club is
taking steps toward getting tho Moffat
road through that city. and the Salt
Lake Commercial Club is taking lively
interest in pushing the construction OF
this road.
The Chicago. Milwaukee. & st. Paul
has issued new folder that is great
boost for Salt Lake City.
The strike situation remains quiet,
The completion during the week of
the Nevada Copper Belt railroad line
at Mason. Nevada. brings this copper
mining district within one step Of pro.
ductiou. all that remains 10 be done
10 this end being the bowing-iu Of the
custom copper smelter which is SEIZED.
uIed by the eud Of the month Unlike
the majority Of new copper camps. Ma.
son is not concentrating proposition.
but straight smelling copper camp,
brought out largely by Utah capital
aud almost entirely by Utah engineers
The tonnage already blocked out in the
mines of Mason indicate a long life for
the camp.
Prominent porphyrv copper interests
reached the city late in the week on
q tour Of inspection of their interests.
and one member. Chas. HAYDEN of Bos.
conviction that copper was certain 10
advance in price. There il. a large for.
eign demand for the metal. while DO.
mcstic manufacturers are carving no
surplus stocks at all These facts.
coupled with the limited domestic and
foreign surplus. lead naturally to tho
belief that with moro prosperous busi.
ness times the demand for COPPER will
expand With the limited supply Of the
metal on hand certain TO drive the
price upward.
There has beeu very little news from
the various Utah camps for week or
two. but what has been learned was
Of uniformly favorable trend Opcr- |
ators in all the camps adiaccn. 10 Salt
Lake and whose transportation facili. |
tics grow less satisfactory az winter /
weather comes on, are taking advantage
OF the existing magnificent weather and