| Show SALT LAKE CITY I Confidence in the future of Salt Lake City has been strengthened throughout the year Its progress during 1901 has been a most gratifying advance toward to-ward its destined position as a great commercial and Industrial city Along nearly all lines the Improvement has been substantial As the central point of a vast tributary area it has felt tho strong impulse of the great work of development going forward in all this region The expectations of great growth cherished by the people of Salt Lake have been more and more shown to be warranted The judgment of the Investor from abroad continues to sustain sus-tain the belief of the people at home The prophetic spirit that predicts the rising ofaJ city of great size here comes to any man who considers the immensity of Salt Lakes field and the richness and varied character of that fields resources and it is also easy to see that the day of realizing the prophecy has been brought much nearer by the energy which has been displayed during the year in developing those unexampled sources of wealth The effects of the progress made In Salt Lakes exclusive territory are witnessed wit-nessed here in many lines But it is seen especially In the general prosperity pros-perity of the people of the city It is the opinion of business men and others in touch with the monetary condition of the public that never before have the people of Salt Lake been so generally gen-erally In good circumstances They have been as a rule able to buy more and to pay more promptly 1 thus swelling swell-ing the volume of trade beyond all former dimensions The mercantile agencies which keep close watch on the business of tho city agree that the sales of goods have been greatly in excess of those of last year in some lines going as high AS 30 = per cent The great gain in bank clearIngs 60000 000 an increase of 50 per cent shows the magnitude of the financial transactions transac-tions of the year during which a number num-ber of big enterprises were financed almost entirely with locul capital The betterment of the financial condition of the people Is also evidenced by the increase of bank deposits the gain being in excess of a million and a half raising the total to over 18000000 The real estate situation Is most promising The social and educational advantages of Salt Lake are constantly attracting families who have pros pered In camps and towns of this and neighboring States and this Influx creates a demand for real estate both for residence and investment purposes Various other causes have contributed to the bringing In of new people nnd all combined have tended to strengthen the real estate market though in a conservative way Its satisfactory condition is exhibited In the big increase of sales during the I year ocr 1900 the gain being 1795210 I And the best evidence that real estate Is becoming more valuable and that the city is advancing with good strides Is shown in the great increase In the amount expended tor building and other improvements the sum for 1901 being 37ij6fl099 as against 2197 92099 for 1900 a ball of 1515770 Thesalubrity Its climate the attractiveness at-tractiveness of Its surroundings tho opportunities here for making money and the vigorous use that is being made of these opportunities have dqno much to advance Salt Lake during the year Just closed and will do much more to bulldJlt up in tho years to come |
