The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-07-21
BUSINESS AND TRADE.

In the business affairs of the week
the big merger of electric lines in this
State, which was recited in the news
columns Of The Tribune yesterday, is
tho leading event. The story is that
the Electro Bond & Share Company Of
New York, one of the largest concerns
in the world, is absorbing the Knight
Power Co., the power plant Of the Da.
Wis and Weber County Canal, the Og-
den Rapid Transit Company, the Mer-
chants Light G. Power Company of
Ogden, and the Bamberger lines,
known as the Salt Lake 6 Ogden Rail-
way Company, but Mr.. Simon Bamber-
ger, president Of the latter company,
denies that his line is in any way con-
nected with the combination referred
to; Cup TO date he says, "I am out
of it, The deal is incomplete in its
present phase; but it was stated that
the ultimate aim Of the combination is
to have an electric railway line from
Payson in Utah county, through Salt
Lake county and city, and Davis and
Weber counties to Brigham City in Box
Elder county. 1t will be q magnificent
scheme for these localities, and indeed
for the whole of the State, vastly help
full both to the rural and to the urban
communities.
The presence Of the Master Plumb
ers' convention in this city last week
made a brave showing Of decoration
and illumination. 1t also created
brisk inquiry as to business conditions
in this State, prices of real estate and
SO on, which is looked upon as the fore.
runner Of increased investments in
Salt Lake property from outside
sources, and good augury of what
may be expected from the other large
conventions to come.
Word comes from Washington that
the Government consents to the con-
struction of the Oregon Short Line S |
new railroad from Saline station on
the Lucin cut.off, to Burley, Idaho
The Government has held up this prof. |
ect through some unknown twist, al |
though the company is all ready TO lay |
the rails, and although the people along |
the line are eager to have the road |
built The company has procured its
complete ght.of-way, and there is no
visible reason why the Government !
should object 1t is, however. good to
know that the objection is withdrawn.
Ind that the company may now pro
'eed with laying the rails, the grading
being all done.
The Salt Lake Route. as announced
n our special dispatch from Los Ange.
es yesterday morning, has provided gi.
,antic ''coal pockets for the loading
# Utah coal into ships at Los Angeles
.arbor. after the Panama Canal Is
'pened. This means big draft upon
jtah coal supply constantly and the
Hing Of large depots with this coal at
.os Angeles. There ought TO be big
'rott In this business for the managers
f the coal supply, and in time this
Vill be one OF the great revenue pro
ucers for the business of this State.
The brisk showers Of Friday and
'riday night have afforded relief from
slltry temperature, and were OF
reat benefit TO the growing crops.
The local retail trade is brisk in this
ity, and merchants are optimistic,
,early all the department stores and
peeialty houses continue their clear.
nee sales, and this is followed largely
y all the mercantile establishments.
ne proceeds from these sales have
cen exceptionally large. and in most
sses the sales viii be continued. I'M
ense sums have been realized upop
lem. The Keith o 'Brien and Auer.
ach establishments are getting ready
} move early in the fall Their pur.
ose Is 90 sell ont their complete stocks.
nd have new goods altogether in their
sH quarters. Tic ieMelry Atnrns