The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-04-28
COPPER BANK ISSUES
OPTIMISTIC LETTER
Conditions in General Are Re-
ported to Be Entirely
Satisfactory.
BUSINESS IS INCREASING
Reference Made to Mexican
Situation and Probable
Intervention.
BUSINESS IS INCREASING

The monthly trane bnd nnanee ict
ter of the National Copper bank, Is
sued Yesterday, states that the clear
ings, bank reports and building h2u7cs
for the country at large all Indicate
strength, and that Our foreign trade
balance has swellcd to a half billion.
Cotton exports for the fiscal year end
ing with June, says the letter, Will
pass previous records by 2,O0u,uOo
bales, The letter says in part:
"Mexican affairs are growing more
complicated each week and seem NOR
and more likely to require intervention
to prevent absolute ANARCHY and TO pro.
tect the large interests Of Americans.
II seems logical to suppose that the ul-
innate outcome will be the bringing
of Mexico under some such arrange
ment AS has existed In Cuba, and Dusi'
| ness would be greatly stimulated by
such an event.
""The shock. the awfulness of the
catastrophe which blotted out loOo
| Titanic sank that it was like the turn
ing down of light, has made our
hearts stand still And in addition TO
this is the fact that 100000 of
wealth has been snatched from the
world s purse at stroke. Although
this is much smaller figure than the
fire loss of San Francisco and perhaps
no greater than this springs MOOD
| losses IN the Mississippi valley. the
| liquidation by individuals and insur-
ance companies will mean some selling
of securities and borrowing of funds.
and the effect on the pulse of business
may be noticeable.
Regarding local and state affairs, the
letter speaks of the benefits to be real
lied from the annual trip of the spe-
| cial agricultural train under the charge
institute under the direction Of Profes
sor Hogenson. and reviews the i'm
portance of the exhibits made during
| Utah products week. Speaking of the
statewide mass meetings held in OBJ
servance of Utah development day,
April %, the letter SAYS:
"This is work along right lines, for
their homes and invest their money
here will be IN direct proportion TO the
amount of information which we have
at our tongues end as 70 the variety
and magnitude of our state S resources,
and the enthusiasm with which we dis
seminate it. AS a further boost six
Of the largest conventions in the Unit
ed States this year will be held in Salt
Lake City.
Building eing -'ushed.
"Durinc the past twelve months of
general quiet, building construction in
Salt Lake City has been going forward
at rapid pace. Among the more i'm
portaDt of the projects which have
been completed during that period or
which are shortly to be commenced are
the east side high school, to cost
$550000; an addition to the postofflce.
$275,000; the Walker building, $500.
900: the Auerbach building at Third
South and State streets. to be occu-
pied bv the Keith-O 'Brien department
store, 100000; nurses homo at the
Groves L. D. S, hospital, $4,000; new
buildings for the University of Utah,
$300,Q00; technical high school. $780,
600: county infrmary, $l50,000; new
Orpheum theater. sI35 900; two grade
school buildings, $l50,0O0; j. r. Wal
$4,000: Hotel Utah annex, s2So,O00;
three churches, $l25,o00: Hyland tele-
phone exchange, $50, 900; the Canning
apartments, SIS 5000; Utah Ice & Cold
Storage company. $l50,000; improve
ments bv the Cheesmap estate on
Fourth South street, $34 900: Rex the.
ater. $4,000: Snow apartments, $50.-
ments. .$45 200; city stables $5s,0o0;
RoseDblum apartments 100000: the La.
dies Literary club, $4,000, and tho
Enamel Brick e. Concrete company IS
addition to plant, $25,000. The per.
mits for dwelling houses alone account
for 345 per cent of the total sum ex-
pended in building activity. while
apartment houses and flats make up a
further 10 per cent.
LAS TO the number of houses stand.
ing vacant, there are at this moment
fewer by at least 25 per cent than
there were twelve, or even six months
ago. 1t is noteworthy that the greater
proportion of the new residences are
owned by their occupants. A company
handling six of the largest apartment
houses reports them 81 per cent filled.
Public improvements.
OF the public improvements com.
pleted during 1911 or planned for 1912,
the following may be mentioned;
:, Asphalt paving, existing, 1915
miles-to be completed this year I
miles, to cost s375,000; cement side
walks, existing 305.5 miles-to be
completed this year. "a miles, TO cost
$4,000; curb and gutter, existing, 20
miles-to be completed this year, six
miles to cost s42 1000; water mains. ex.
isting, 2ls,s miles-to be completed
this year, five miles to cost 10000;
sewers, existing, 166 miles-to be com.
ploted thi swear, eight miles to cost
$4,000; surplus canal to cost 500 900;
outlet canal to cost $4,000, City creek
aQueduct to cost $4,000.
"We desire to call attention 10 a
too little thought:of peculiarity in the
Salt Lake residence realty situation,
arising from the generosity Of the
plan on which Salt Lake City was or
| iRinallv laid out That plan provided
for community of small farms. each
ten acres in extent, the length Of block
and street being 792 feet-twice the
ordinary distance. As these farms
were transformed 10 city blocks. resi-
dences were built close 10 the street
extending around the block like a
| fringe. with the result that there is
IN the center Of each block large
amount of unused space.
1.-The citv's population is couse-
| qnentlv settled over a very wide arc,