The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-09-15
shorter connection with Denver than u
has had heretofore.

shorter connection with Denver tnan
has had heretofore.
The money market in Salt Lake City
Is active, with a brisk demand for
cash, and securities held firm. lm-
provement work by tho city and pub
lie service corporations. as well as rush
work on buildings to complete them
before winter comes on, are all giving
active employment to men and distrib-
utina large sums Of money.
Mercantile houses report lively fall
trade, which begins earlier than usual
on account Of the sustained low toni
perature during most Of the week. The
demand for heavier goods, which usual
ly comes later on, has been forced
greater portion OF the trade thnn usual
ia q cash trade, which is held TO be
tho most profitable both for seller and
buyer.
Realty dealers report a brisk trade,
with considerable demand for invest
ment Several big deals in downtown
property are under way. Out'ot-town
Investments made feature of the
market during the week. There mas
been much trading in homes and nome
sites, especially in suburban districts,
and the prospects OF the realty market
are excellent
Judge R. l. Lovett, chairman OF the
executive committee of the Hartman
lines. visited Salt Lake City last Mon
day. Extension of the Utah Light &
Railway Company s lines is announced.
The contemplated electrification of the
Utah Copper works is said to include
the Bingham and Garfield Railroad.
President Vallery of the Colorado Mid
land is in Salt Lake City on busl-
ness trip.
The crop indications of the season,
encouraging as they have been, are
fully borne out by the actual harvest
yield, 1t has been great agricultural
year in Utah, in every respect. The
farm products proper, the vegetable
yields, tho fruits, and the ranges for
live stock have all been more than or
dinarily good.
Considerable uneasiness has been
manifested during the week in Utah
mining circles by tho possibility OF
labor strike at Bingham, as result Of
the miners asking for an increase Of
fifty cents day. The operators are
not willing to meet these demands in
full, but the friendly spirit so far
shown on both sides of the controversy
leads to the hope that trouble may be
averted and an agreement reached that
will be satisfactory to all sides.
The August report OF tho American
Copper Producers Association, re-
leased on Monday. was far more favor.
able than the most optimistic had an
ticipated, showing decrease in domes-
tic stocks of tho metal by 3,579,047
pounds, leaving the domestic surplus
on September 1st at 46,701,374 pounds,
and a visible worlds supply On the
same date Of 149,2SS,S94 pounds,
ton during August Of 149,907 ,56S
pounds. These statistics were especial
ly gratifying for tho reason that the
August production and imports of 49,
62S,521 pounds were the largest Of the
year 80 far.
With the new tramway at Alta prac-
ucally In readiness for service, and
with the mines Of that old district in
splendid condition for production, the
camp finds itself ideally placed for
production throughout the fall and
winter months, for the tramway is so
constructed as to be operated tho year
round. This new transportation IA
cihty will be available to all the pro-
ducers Of the camp, Of which there are
several now ready.
All conditions havo been extremely
favorable for mining during the month,
weather, good railroad and smelter
service, and the high price OF all the
metals being as if especially arranged
for the producer Of ore. Despite these
satisfactory factors, market conditions
remain very dull and uninteresting, the
public holding aloof from the stock
markets with a stubborn persistence.
1t looks as If the mine will have to
work out tho salvation Of the stock
market, and by good developments and
increasing dividends help restore inter
est in the market position of stocks.
There is no question but that the very
limited amount of new work being