The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-06-08
BUSINESS AND TRADE.

forms OF activity, and great expecta-
tions are had of the benefits to be de-
rived from that convention. All prepa-
rations are in n good state of forward.
ness for it, and very many interesting
events are scheduled and in the course
of preparation. The railroads are making
great preparations to handle the crowds
Of teachers in a style never before
equaled, by special trains and by quick
schedules.
The business activity in the city
keeps up remarkably well for the begin
ming of the sultry season.
The progress in the settlement Of the
strikes has been noteworthy, and a fair
expectation is that labor conditions will
very soon be on good working basis.
The reclamation company which has
in hand the redemption of the land en-
braced in the old Ewing farm on the
way between this city and Saltair, is
pushing its enterprise in vigorous
shape. There can be little doubt Of the
feasibility of the enterprise which it
has in hand, or of the great benefits
which the reclamation proposed will
confer upon this city and State.
Business conditions generally are on
IL very good basis, and reports of brisk
trade come in from all the dealers
Collections are fair, and money is re
markably plentiful. The banks are in
creasing their holdings all the time, and
are in good condition to back all of the
business enterprises that need their
help.
The real estate market in this city is
always firm, with property well and
strongly held. The prices prevailing
here are very much below those in
cities of even less well-determined fu-
ture than this, and form always an at
traction to buyers, while the record of
good money made in Salt Lake City
investments is stimulating to the mar.
ket.
The prospect that this will be an ex
cellent building year is also first class
All building operations are expected to
be in full swing without much further
delay
Large numbers of railroad men have
visited the city during the week, max.
In" this central point of rendezvous
for railroad men and railroad meetings
Unexpected weakness developed by
copper during the past few days was
a somewhat disappointing factor, due,
1T is thought, to the liquidation of cop
per warrants in London in expectation
of diminished consumption, London
spectators figured apparently that cop
per could not maintain its strength in
the face of the financial and political
uncertainties that agitate the markets
the world over, but rather than antici-
pate this they precipitated it, and the
offerings of small lots at below the
market range followed. Exports have
fallen off, temporarily at least, and
there is considerable uncertainty at the
moment in regard to the immediate fu-
ture market action of the metal
Stocks reached the lowest range of
the year during the week, and not until
Saturday were some of the larger in
terests which have been looked to for
market support, reported supporting the
market in some degree. Despite the
conviction that the leading securities
arc dragging bottom, the public is not
encouraged to participate in stocks by
the difficulty in securing the money
therefor from the banks. The copper
stocks are especially weak
The metal market has ruled dull and
weak Silver receded slightly towards
the close, spelter remains extremely un.
satisfactory, and lead was unchanged.
Utah mines well established in the
production column continue their out
put at record rate, and despite the
favorable weather conditions there is
tions Of new mines within the State.
Money is hard to secure, and there is
little new capital coming into Utah
mines and mining. This is something
which must be remedied, and there is
every reason to believe that the record
of Utah mines and the certainty of
known but undeveloped mineral de-
posits opening into producing proper.
ties Will attract capital as soon as
financial circles find the skies clearer
than they are today.
The great commercial centers report
toe jobbing trade good throughout wide
areas, and that better weather is i'm.
proving distribution at retail ceuters.
The financial situation, taking in all
the factors, continues to enjoiu caution
and TO hold back speculation.
On the whole, however, the general
summing up is favorable, and the fact
that stocks have been added to eau
tiously and show but small accumula-
tions is favorable for continued do.
mand.