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

and furniture houses. and auto ocaiois
and hardware firms, and sporting goods
houses, all shared in good week 3
trade, Lumber, cement. and bulldlne
materials have been sold largely, ar
good prices. Book stores, music stores
and drug stores continue their prosper
GUS trade. Cash sales are better, and
collections arc encouraging
Building activity continues In excel
lent form, and the big business BLOCKS
are drawing on toward completion as
rapidly as possible, while fats, apart
mcnts, and dwelling houses are being
constructed in all parts Of the city.
There is little change in the realty
situation. The normal summer apathy
continues. Suburban property contin"
ues to lead the market, with farm
lands in good demand. Considerable
dealing is noted in residence property
in different parts Of the city.
The Southern Methodist University
management brings students and mem
bers OF faculty here on their way TO
Yellowstone Park by special train. The
Holiday extension of the Utah Light
& Railway company runs on regular
schedule. r. B. Ketchum, professor OF
engineering at the University Of otah,
begins work with the Oregon Short
Limo for the summer vacation. Inc
Denver & Rio Grande announces its
readiness to build viaduct on Fourth
South street. Third Oregon Short Line
special Of tho year in Idaho with most
OF the heads of the different depart
ments Of the road W. B. Pollock and
W. B. Jerome Of the Now York Central
Lines hero on business. j. e. Weller,
agent for tho Pennsylvania, here on
business. Elks from California come
here by special train on return home
from Yellowstone Park. Paul Wads-
worth, freight traffic manager Of the
Delaware g. Hudson, here on business.
July number of Arrowhead does some
good boosting for Utah Knights OF
cial train on their return from trip
through Yellowstone Park.
There was slight reversal Of senti-
ment throughout the week in regard
to the copper outlook, and on Friday
the large selling agencies reported the
absorption of all the available spot
metal at 179s cents per pound. This
action restored the metal to this height
from II cents. and 1S cents pound
for electrolytic is predicted confidently
by many wellinformed authorities.
There is plenty of authority for pre-
dieting that the next buying movement
on tine part Of the consumers will oc-
cur by the first of the month There
is little reason to believe that any
thing like the average ranges Of 1911
will be experienced any time soon in
the copper industry.
Mining conditions all over the State
are in frst-class shape, although the
operators are saying little or nothing
about their work and results. The
mine mac chinery firms Of Salt Lake an
nounce that their business is very good |
Production Of NIL kinds of ore, with the !
possible exception of lead, is at an un-
precedented rate, and earnings are lib
eral. This satisfactory mine condition
is by no means reflected in the stock |
market. There is little OF no invest
ment buying at present, trading on the
local exchange being confined largely |
to the speculating talent.
Money for the development Of new
propositions is scarce, despite the |
abundance Of capital now idle through
out the country, and there Is a dispo-
sition to lay much blame for this upon
the Department of the Interior mt
Washington, whose attitude in the mat.
ter of claim location and patent is ad-
verse TO the legitimate development OF
new camps and new properties. 1t is
hoped that the Department will reverse
its ruling Of the East Tintic case,
thereby bringing much more speedy re-
lief to the Western mineral industry
than could be secured through Congress.
sional action.
Throughout the State weather and
road conditions are ideal for ore pro.
dnction, and there is not camp in the
mountains but what is contributing a
part of the big smelter tonnapes now
being handled by the Salt Lake smelt-
ing plants.
Metal prices as a rule are firm and |
Inc commercial agencies Of the coun-
ry report good increase in bank
'learances, and say that progress is
rom the right direction, including de-
Zines in prices, and greater industrial
lctvIty, Good reports come from the
rops. the Miniar whnat fnllinr op ha