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Show BUSINESS, TRADE, AND FINANCE. Much railroad activity has distinguished distin-guished the week Just past. The Denver. Den-ver. Northwestern & Pacific (the Moffat Mof-fat road) filed Its loule of survey through the Uintah Indian reservation, and It was announced that It would not be long now till 'the actual work of construction would begin in "Utah. This road, it Ib now practically assured, will be built, and It. In connection with tho Western Pacific, now admitted to be a Gould enterprise, will furnish the shortest short-est and in some respects the most doslr-ablo doslr-ablo transcontinental line, according to j claims made. In the meanwhile, the San Pedro, Los Angeles &. Salt Lake road Is looking In the faco tho final features of Its' construction. con-struction. But a small link In the chain of contracts remains to be let, and this letting will now be made without delay. de-lay. President T'lnrk Is to be here about the last of the month, and will ! take up when he comes the consideration considera-tion of the train schedules and the operating op-erating plans. Looks mighty like business. busi-ness. The road will undoubtedly be j finished through before tho end of- the year. And then Salt Lake City will put on now robes of progresp. It would not, by the vay, be out of order to begin putting on some of the lighter apparel right now. Another live movement of the week has been the push for the construction of a packing plant in Salt Lake City. Tlie conditions of the time rcquir.e that such a plant be built, and the .situation in excellent for It. This clty'is the center, cen-ter, natural and in transportation facilities, fa-cilities, for'a great. area of country; the meat supply could bo Increased' to any desired extent, while the region that could be best and quickest supplied from Ibis place extends for five hundred hun-dred miles on every aide. The move has the support of the cattle men and of the real estate men, and there Is no doubt that these Interests are powerful enough to carry the approved project to success. It has always been the contention of The Tribune that money invested in Salt Lake realty was money well invested, in-vested, and that' the prospects for good returns were better than those for money invested In any other city In the country. Two conspicuous instances In proof of this have recently appeared. The sale of the Scott-Slrevell building for .$65,000 pn an option had hardly been announced before another option for 575.000 had been taken on the same property, and the sale was made. The other instance Is the purchase, as announced an-nounced in The Tribune of last Tuesday morning, of,.the Hawkins block,- 216-220 South Main vslrcet, "for 590.000. by ex-Mayor ex-Mayor Thompson and J. D. Munlock. Mr. Frank Wilson, from whom the present purchase was made, bought this property five years ago for SQOJQOO. Here Is a profit of 540,000 In five years, on one piece of property, -lO' front. by 1C3 feet deep; and the purchase by Messrs. Thompson and Murdock Is universally uni-versally admitted to be a first-rate Investment. In-vestment. The realty market here Is an active one. especially for midsummer. Tho building operations In all parts of. the city continue in full scope and volume; no former year has seen so much building in this city, and every house, both new and old, is fully occupied, demonstrating the active and material growth of the city. In trade, the summer slackness prevails, pre-vails, and yet there Is a large volumne of business carried. The wholesale outlook out-look Is excellent for a strcmg fall business. busi-ness. Collections are fair, and the outlook out-look In every department is better than the record. The. mines of the State continue in full output and their wealth producing flood is constantly vivifying the channels chan-nels of commerce. The mineral product of the State will easily exceed half a million mil-lion dollars a week. The smelters continue con-tinue their enlargements and increase of facilities, and they handle with case all the rich streams of ore that flow In upon them; they are both enterprising and conservative, conspicuous examples of excellent business management. The rumor during the week of the sale of the old Copper Plant probably means that before Jong this fine' property will be put to active and profitable use. In the agricultural and horticultural fields, the prospects continue bright in every line, the grain condltons especially espe-cially being better than ever known. The prospects for live stock are also first-class, tho ranges being above the average. Business conditions and the outlook is therefore much above tho normal throughout the whole State. . In the country at large the outlook for a better fall trade than was recently re-cently looked for. Is-good. The crop conditions average better than was feared, and trade conditions were be- cent industries is causing much disarrangement disar-rangement of trade, and checking shipments. ship-ments. Railroad earnings are showing a greater gross total than ever. Business Busi-ness failures are rather under than over the average. Foreign trade totals for the fiscal year that closed Juno 20th, are next lo tho largest ever reported. Imports are per cent less than' In 1903 and tha aggregate ag-gregate foreign trade Is 1 per cent 'under 'un-der that of the fiscal year 1003. Cotton Cot-ton was a. larger exporter. Exports of manufactured goods have, however, exceeded ex-ceeded all. previous years. The bank clearances of the week, compared with those of the corresponding correspond-ing week of last year, show a decrease of buf 2.3 per cent in New York, the best showing in a year. The docreaso 'outside-of New. York' was .7 of one' per cent, a decrease for all of but 1.7 per cent. The Now York bank statemont, Issued Is-sued yeHterday, showed Increases of ' nine millions In loans, twenty-one million's mil-lion's In deposits, thirteen million In reserve, eight millions in nurplus. eight million In extra U. S. deposits, and so on, a very favorable showing. Tho stock market has been unusually active during tho week, especial activity being be-ing noted in Union Pacific and in Southern Pacific, but at the cloao the market settled back, to Its old - lethargy leth-argy and prices sagged. But the financial finan-cial position Is very strong, and tfvi .business of the country Is on a splendidly splen-didly firm basis. |
