The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-11
BUSINESS AND TRADE.

The Leading event of the week IN the
business world of the city was the
transfer bv the j. r. Walker estate TO
Walker Brothers dry goods store for
$40. 900. tho property at the corner "i
Third South and Main, occupied here
totorc under yearly lease.
Another importan! transfer was "t
! the Taylor or,Arms,roug property on West
! South Tcmpic street TO David Ecrjcs,
Theodore Nysjrom and Isabella Arm.
strong. equally divided. 100000 each.
\ number Of other considerable deals
for property close i'm are pending.
Important improvements arc con.
tcmplatcd IN Il number of the additions
ON the southeast bench. The Utah Gas
Coke Company IS TO extend its main
throughout the city for new business.
Architects predict lively building
Season. The rcal estate market gen
orally is entering upon Il spring re-
yiyal. There are more inquiries, sales,
and BODYBUILDING IN sight than for
any similar period III many months.
The mild weather ami promise Of IN
early spring will bring a renewal of
the vast improvements in residence adj
ditions The movement TO establish
new retail district at the corner OF
State and Third South streets is
great stimulus TO trade. and is q topic
of general conversation, Realty values
in that neighborhood are decidedly
looking mp.
The Capitol Commission is getting
on with its examining OF plans. ana
the prospect is good for the beginning
of actual construction work carly in
the season
The week has been one of good
trade. with the volume Of business
weIl above the average The bank
cleariugs Of the week show the very
gratifying increase of 42,l per cent
over the cIcarances Of the correspond.
lug week last year.
The spring stocks are beginning to
arrive, and openings are planned to
correspond with the apparent indica-
tions Of an early spring. much sooner
than usual.
rangemcnts for colonists from the East
to this region and the coast, Tourist
sleepcrs are added TO connect with the
Union Pacific. Oregon Short Line, and
the Salt Lake Route. The Denver &
Rio Grande is starting its co1tem-
plated Improvements at Soldier Sum
nit. The Oregon Short Line announces
special rate 20 the Spokane Mining
Congress
The rains of the week have not
brought on the expected cold wea. her
The mild spring atmosphere is a great
temptation to forecast that the win.
ter is over There is abundant snow
in the hills, and every indication ia.
vors prosperous season.
Mining circles during the week have
been occupied mainly in watching the
course Of the metals, silver having en-
HANGED spleudidlv in value during the
past few days. Copper has remained
firm, with a bit higher range, and
lead has been decreased in price. Sill
Yer on Saturday was Co.'s cents an
ounce, and the rise so far this year
more than counterbalauceS the loss 10
mining Utah in the depreciation of
lead.
Up to Tuesday. copper had remained
quier but steady, and on that day tho
Copper Producers Association re
leased what proved to bc the most sat
isfactory report ever issued, which
gave the results of January in the
domestic copper world The domestic
surplus of the metal during the month
was decreased by 23.I74,0J2 pounds.
bringing these stocks on the first OF
February TO the record low point OF
66,2s0,Gl3 pounds. Production was
only ll9, 9,3S7.7J3 pounds in January.
domestic deliveries for consumption
totsled G2.343,90l pounds. and exports
were s0,l67,904 pounds. Exports were
greater than during any month Of
1911.
IL has been a week of interesting de-
yelopmcnts in tho mining world. The
negotiations for the merger between
the Ray Consolidated and Ray Central
companies were brought TO success
ful conclusion, and these companies
are TO be merged on the basis Of one
STARE Of the Ray Consolidated for eight
shares or the Ray Central. This deal
is in keeping wish the tendency nova
days TO concentrate as large Il tonnage
as possible in given ownersbips
An Interesting development was the
announcement, previously and exclus
iyely forecastcd in these columns. by
the GirouN Consolidated company at
its annual stockholders meeting, to
tho effect tha.' q contract had beeu ne
gotiatcd with tho Nevada Consolidated
company, hy which for five wears from
May !, 1912. The GiruuN will sell be
.tv,ppu 900 and {p0O tppg a, mr. ia; ~. |