OCR Text |
Show BUSINESS AND TRADE. A significant sign of tho full employment employ-ment of industry In this Stato Is found In the fact that there were no blddero on the Government Invitation for bldn to construct tho tunnel In connection with tho Strawberry Valloy reclamation project whan the tlmo camo to open such bids. Contractors all averred that their hands wro full for months ahead, and that It was ImposBlblo for them to secure labor and material to do that tunnol work. No better proof could be asked than this of the full qmploymeut of Industry In this Stato and tho roslon round about. To thoso conversant with the actual situation, however, this proof was not needod; for tho situation ns disclosed was known, from tho fact that tho Western Pacific cannot get as much labor as It desires to construct its track west from this city; that contractors generally aro short of labor; and that thoro aro no Idle mon who doslro and aro able to do work to bs found anywhere. This city Is a largo employer of labor. Tho construction of the great plants and the smeltqr city ut Garflold also roqulro many hundreds of laborers, and the Western West-ern Pacific not long ago advertised for ton thousand men. Tho operations at Ely and the construction of the Northern Nevada railway to that camp also demand de-mand largo numbers of laborers. The dralr ot labor In Idaho Is al6o largo in connection with the huge reclamation works at Minidoka, Twin Falls, and Bolao valley. No doubt tho tremendous demand for labor In San Francisco has had Its effect In attracting thousands of laborers to that city, and. this In connection with the largo works mentioned above accounts ac-counts for the Bcarclty of labor all through this Western country; but In fact, the condition is one that prevails throughout the wholo United States. The great reduction plants at Gnr-fiold Gnr-fiold aro gottlng on well; beginnings have been made in the treatment of ores, and by next year there will bo such a busy city there that tho wholo northern point of tho Oqulrrh range will undoubtedly bo a vcrltablo blvo of Industry. The metal production of Utah will this year amount to moro than ?30,000,000, and next year this 530,000,000 Is llablo to bo increased to $40,000,000. by reason of tho extensive work at Bingham and the completion com-pletion of tho great plants abovo referred re-ferred to. It has been a good year agriculturally through tho State; thoro has boon plon-ty plon-ty of water, and tho crops havo yielded good returns. Much Interest In tho horticultural hor-ticultural Industry In felt just now over tho competition of fruit exhibits at tho Irrigation Congress at Bolso this week. Utah will ontor a largo exhibit with the hope of capturing tho Clark cup donated to tho congress for tho bost fruit oxhibit shown at any of Us sessions. In this oily business continues strong, both wholesale and retail. Tho jobbers arc reaching out moro and moro, nnd getting In trado that belongs to tho city with tho opening of the now regions In Novada, Idaho, and elsewhere. Collections Collec-tions are good, money Is plenty nt fair rates of Interest, and ontorprlso" nnd development de-velopment aro hnmpcrod lu no way. save by the scarcity of labor and materials. Tho real estate market hero Is good, advantageous salon bolng reported ulmost dally, and tho market Is strong In prices. Building operations aro very extonslvo, calling for largo quantities of material and for all tho labor that can bo had. In tho country nt largo, tho grout crops are now assurod. On this assurance all forms of business are at tho maximum. Iron and steel manufacturers aro under rush orders for many months ahoad, and tho present year will undoubtedly show a record very much In excess In this lino of anything shown In any previous year In tho country's history. Railway earnings are greater than over shown, and the railway companies arc prossod as never before. Tho domand for transportation transpor-tation Is In excess of all precedent, and it is Impossible to got cars enough to moot promptly ovory demand. Foreign commerce In Now York for tho past week shows a gain of $2,35G,70D In oxports, and $3,54S,S7G In Imports, as compared with tho corresponding week of 1005. BuslnosB failures in the United States are far below tho average. The bank clearances in New York City Increased 32.4 per cent over thoso of the corresponding corre-sponding week last year; thoBe of the banks outHldo of Now York Increased 11 per cent, and the total Increase In these clearances for the whole country was 26.5 per cent. Trading on the stock exchange In New York Is at the maximum, tho public absorbing' Investmant stocks moro frooly than there 1b any record of, and bcsldos, thero hav been various contests for tho possession of railway stocks which havo run certain stocks far above tho ordinary prices. Taking It all together thero Is no quostlon but tho prenont year will show a magnlflcont record for tho country at largo, and undoubtedly It will bo shown at tho end of tho year that tho present situation la that tho country Is on tho top wavw of prosperity -In -flnnnce. cora-raorce cora-raorce and all forms of business, beating all recorded transactions. |