The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-16
BUSINESS AND TRADE.

|
Utah's exhibits at Omaha were shown
by the account on Friday morning of
the purchase of twenty thousand
acres Of land in Box Elder County TO
| be coIonized by Nebraskans. The
good results of the Utah exhibit at
the Los Angeles exposition continue
to be shown in reports of interest
awakened, and of land purchases by
prospective settlers who have taken
advantage of the special cOlonist rates
over the Salt Lake Route, and have
come from Los Angeles 10 investigate
Utah conditions. These Investigations
are uniformly favorable, and great
/ things are doubtless to be realized from
this movement. The fact that lands
to the west and northwest that are
available for colonizing purposes are
practically exhausted, throws back the
wave of immigration from the coast,
and it comes TO Utah reinforced by
the wave from the East, the emigrants
| finding here conditions and opportuni-
ties more satisfactory than can be
| found anywhere else.
! Real estate in the city for the week
! has shown strength. \ good many
| inquiries have been made, with a NUM-
Der of sales. Values have remained
at the normal point. There mas been
no tendency TO sacrifice prices on
property to sell it, which indicates to
the dealers that the tendency of land
prices is sure to be upward rather than
! downward. There has been n fair
market for building lots in suburban
additions, and also in the closer built
up portions of the city. The list of
| inquiries has increased, but the cold
and disagreeable weather of tho week
has kept many prospective buyers
from personally investigating prop
critics.
The retail trade in the city has
shown falling OF from conference
week, partly on account of weather
conditions. But many lines Of mer-
chandisc were ahead of the correspond
ing week of last year.
A great anxiety Of the past week
/ has been for the fruit. The frosts
have done damage to an extent not
yet ascertained; but hopeful view
| is expressed by Weather Director
Thiessen that the frost damage, though
severe, is only partially destructive, so
that, as far as present indications 90,
fair fruit yield may be expected,
! Shecp-shcaring in different parts of
the State is progressing, but received
set back from the sharp weather of
the past week. Reports from the
shearing arc all favorable, both as TO
the quality and the weight of the
1ceces.
Preparations, for double tracking on
the Hartman system are well under
way, and the expectation is that the
line between here and Ogden win be
completely double tracked without de-
/ lay. The preliminary work is well I'M
der way. and contractors arc figuring
on their bids.
The Utah Light & Railway Com
| pany is about making extensive ina
provemeuts and additions to its track
{ age The West Temple street line is
to he extended mile south. The line
to Lake Breeze, which was abandoned
some years ago. will be rc-cstablishcd,
crossing the Jordan at the old bridge,
the city agreeing to join with the com
pauy in building a new bridge at that
point; and the extensions to the new
/ high school are under consideration.
A number of changes in the
service and additions to the trackage
in this city arc also announced.
The week has been literally provided
with news from Bingham, Tiutic, and
ing that there is being worked into
available form the largest tonnage of
copper, silver, and lead ores in the
history Of mining in Utah. Fortunately
for Utah operators, the facilities for
reducing this tonnage are ideal, and
! the lead mine owners especially are
provided with the best competitive
smelling market that they have had
/ for years.
Underground conditions, therefore,
are very satisfactory The mines rs
a rule will have little difficulty in
meeting present dividend requirements
despite the low price of metals; but
any advance in metal prices certainly
will result as favorably here in Utah
as anywhere in the country.
Market conditions have been very
disappointing, especially in the East
The uncertainty attending the delay
in Supreme Court decisions, and the
Easter holiday season, demoralizcd
markets during the week. There is
an almost general opinion that when
the expected decisions are handed
down, regardless of their import, the
relief from the strain of over year
past will be such that market condi
tions will improve instantly.
Locally, the stock market has been
rather weak Excessive liquidation by
Eastern investors and SPECTATORS, all
having good profits in Utah stocks.