The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-01-26
BUSINESS AND TRADE.


Tie week has been distinguished by
! good snowfalls. and reports from the
hills arc TO the effect that the snow
deposits are very heavy, closely packed,
and will form an abundant resource
| for ample water during tho coming
| season.
| A good deal Of capital from the East
was invested in Utah and neighboring
States during the past year, and il is
| expected that this movement will CON
! tinue with increased volume during the
present year. II is expected that the
Mof1at road will be put under effective
construction during the present year,
its objective point from Denver being
Salt Lake There will be extensions
to the electric railways, and the pro
posed interIrban line between this city
and Payson shows great vigor and vi.
tality. All these enterprises prove the
confidence of tho business public in
this part of the country, and are re.
assuring as to the future growth of this
city.
Business establishments and manufac.
tories are making extensions and i'm
provements and providing employment
for more families. The end OF the
week finds fewer houses unoccuped MS
consequence. Prices Of suburban
property arc continually rising. and
new sections arc being opened, indi.
| eating that the city's expansion will
proceed without interruption,
Building operations for the season
will undoubtedly be very active. Be,
| ginning with the new construction on
the capitol big start is evident
The east bench high school and the
administration building of the Univer-
sity will be added to the large public
structures of the city during the pres
ent year.
The general tone Of the real estate
market is firm. with tendency to higher
prices The realty dealers are firm in
the belief that the immediate pros
perity and continued growth Of the
city are fully assured.
The past week has been noteworthy
for special sales in department and
other stores Buyers for the big mer-
camille houses arc OFF for the East to
lay in their spring stocks. Money ap.
pears to be plentiful and collections
are good. There have been heavy
sales of winter goods during the past
week as result of the snow and cold
snap,
The railroads assure the officers Of
the National Education Association that
satisfactory rates will be made for the
convention of that Association in this
city next summer,
| The annual review of the railroad
| Red Book shows to advantage the re-
sources Of Utah, with interesting data
written by Utah men and with good
illustrations. Special agents of the
railroads are getting ready for their
convention here, and great preparations
are being made by all the railroad com
panies FOR the mid-winter excursions
on February 1st.
| Reports from Omaha indicate the
possibility Of many changes in the
Union Pacific offices by reason Of the
segregation of the Union Pacific from
the Southern Pacific, but there is moth.
ing official in any Of these reports
During the week, copper paused at
| 163a cents pound, at which point a
number of sales for both foreign and
domestic consumption were reported
But it is believed that this is not the
buying movement expected and needed
by the big producing interests; and in
view of the continued weakness of the
metal in London from day to day it
is considered practically certain that a
further reduction in the American mar.
ket must be made before the purchaser
is to be brought into the market.
While q weaker copper market is
anticipated, there is no Indication that
the metal market will reach anything
like badly demoralized condition. The
Balkan situation is one factor that
J stands in the way Of complete ease in
| the metals. while the American politi-
]
cal phase is another item that will
operate temporarily to prevent run
away prices. But the world 8 consump-
tion Of copper is large and growing,
and the production promises not to be
so far out Of proportion as to be em-
barrassing to the producing interests.
The copper game at the moment is n
waiting one.
Complaints continue TO be heard from
over the State in regard TO the lack
of railroad ears, due not only TO u
scarcity Of cars. but to the fact that
the cold weather delays unloading at
the smelters and samplers. Production
| as n consequence Is being retarded. but
W STATE and BROAl