| Show WilD RAilROAD TAlK I Air Fled WIl Vague and Indefinite nite Rumor I BIG PROJECTS PENDING GREAT RAIROAD YEAR FORTH FOR-TH 4 Enormous Traffic Enjoyed ByAI1 the RoadsThirt Thousand Ester Tourists Now In the Mountains Bank Clearngs Continue Heavy Money For Investment 4 The one striking feature In business during th week was the persistent talk ot new railroad enterprise This talk was vague and based on no known facts but yet It took a strong hold upon the imagination Ever engineer lag part heard of anywhere In the Iltermountain country was magnIfied Into a trlscotnental railroad with Salt Lake for one of Its objective points One day It was the Southern Pacifc another the Burlington and still another an-other a new corporation altogether Back of It alt Is a feeling that some big undertaking Is pending A railroad man of this city Informs The Herald that this promises to be the greatest railroad year on record for the Intermountain regIon This apples to passenger tralc as well as freIght A fair estimate places the number of eastern people now traveling In the west at 30000 and thIs Is giving th country a thorough advertising that will result In development Big Bank Clearings I The bank clearings while not so san satonal as last week are still showing a strong increase it being very exceptional excep-tional for any day to drop blow the figures of last year The clearings for the week were I7G76077 as compared with 4459251 for the corresponding week of last year The clearings yesterday yes-terday were 2869933 as compared wIth 32378362 for the corresponding day of last year Large sums of money are reported a still coming In from the east for Investment Invest-ment In good mining properties and the deposits in the banks ot the cIty are still on the increase Local money I Is offered as low as i p cent on real estate security and It does not have to be Inside business property as heretofore here-tofore Stock Quotations The local stock market was characterized charac-terized by the limited supply of stocks offered and the Increased demand The rolowing are the leading quotations Desret National bank 222 0 Deseret Savings bank 1200 State ban 16 00 Zions SavIng bank 1250 Utah Commercial 960 Home FIre 98 0 zcrI 1300 Coop Wagon 116 0 First National Ogden I3 0 Ogden Sugar 136 0 Salt Lake Street railroad 101 00 Utah Sugar old 1360 Utah Sugar new 12 65 Some of the lastnamed stock sold at auction at from 160 to 1iO Ala club 6 per cent 100 gold bonds were placed on the market during the week The sharp advance In these stocks Is most gratifying The genera merchandise real estate and produce markets were unusually oulet during the week In fact aU bus incas suffered from the usual midsummer midsum-mer lethargy that Is expected to hold good for another month |
