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Show TRADE AND BUSINESS. The warm weather of the past few days seems to assure tho coming of the heated term. Tho rosorts aro now in full activity, and various "days" for different organizations, localities, and callings aro all tho go. Thousand attend these outings, and are the better for it. Although tho lateness of the spring appears to have compelled a short season, the indication indica-tion now is that it will bo an extremely extreme-ly active and busy one. Evory one seems to have an abundance of money, and all enjoy themselves tremendously, at these meetings. Somo of the most successful affairs of this nature that havo ever been seen in tho city havo como off the past week. Business in general is at a good stage, active and strong. And the bank clearances, which are tho gauge of the transactions had, are afc high water mark. The increase in these tho past week over thoso of the corresponding corre-sponding week last year was 17.5 per con I. This increase, built upon an increase in-crease of 49.3 per cent in the corresponding corre-sponding week last year over the week of tho year before, shows for the past two years a gain of upward of 75 per cent. This is a splendid showing for the boost given to the business of this city by the transfer of the municipal affairs into the hands of the American party. It illustrates again the admitted fact that nothing is so good for Salt Lako as lo have it known that Americans are in charge of tho citj". The public improvements going on hero aro admitted, even by the onomios of the administration, to be on a more extensive and elaborato scale than ever before. And it is also admitted that ovoivthing is being done in good, substantial style, and at an economy of cost which is in every way praiso-worthy. praiso-worthy. Street paving, sidewalk building, build-ing, and sewering, all arc a part of the programme, and all are progressing in magnificent shape. The real estate market is in excellent excel-lent form, with good sales roportcd almost al-most daily in different parts of tho city. One of tho most prominent of tho salos during the week was that, announced .yesterday morning, of n hotel sito for $34,500, embracing a tract 115 feet square, facing west on Third West street, opposite the proposed pro-posed now Oregon Short Line depot. Every confidonco is felt in the future of Salt Lake realty, both by the holders of it and by tho purchasers, whether actual or proposed. .. The .building .operations. .of tho cit' are very .'extensive, and extend -to all parts of the town. Tho beginning of construction on tho two huge New-house New-house buildings, tho "Boston" and tho "Nowhou?e," was a feature of tho week. The fact that Mr Nowhouso saves a good deal of money by buying buy-ing tho stono for the construction of theso buildings in Indiana and having hav-ing it shipped to this city, bosidos insuring prompt dclivory in such quantities as are needed, has caused somo talk. There aro those who claim that Mr. NewhoiiBC should have taken Utah atone. But the fact is, that although al-though there is plenty of good building build-ing stone in Utah none better anj'-whore anj'-whore thoro ara no quarries opened to a sufficient dogrco to insure prompt delivery of largo quantities as nooded. Mr. Ncwhouse's contract stipulates to have the stone delivered within three months; no Utah concern con-cern could promise it inside of two 3'oars. The fact is, that most of the building for some years past has been with brick, stone being used mainly for the foundations. This has not required re-quired the opening on an cxtouaive scale of any of tho great quarries, either of Red Butte, Diamond, Spanish Fork, ' Park City, or elsewhere. Tho limcstono quarries near by the city havo been called upon to some extent to furnish stouo for macadamizing, and there is always a considerable demnnd upon these limestone deposits for the burning of lime; but there has been little demand for stono for building purposes for a good while past, and there has never been such demand for stono here as would justify tho opening open-ing of the quarrios on the cxtousivo scalo that the deliver- for such structures struc-tures as Mr. Newhousc's would require. re-quire. With vast quantities of excellent ex-cellent building stone to bo had in Utah, there is no doubt but that the time will come when Utah stono will be famous for building purposes, and will bo extensively used. But that time is not yet. The extensive oro reducing plants that are being put in' at the point of the mountain west of the city, near the old Garfield bathing resort, aro progressing in fine shape. There will eventually bo in that location ore re- 1 duction works equal to any in tho world. In the meantime the old smelters in tho valley are also doing excellent work, but they are being harassed more or less by tho farmers who demand from them the value of the crops that thoy might have raised, and also tho valuo of tho crops they have actually raised and havo marketed in this city. Tho fact that farm lands in the smoke and fume belt, which is supposed to be so subject to damage from smelter fumes and smoke, is held at a higher price than any other land in tho valley, val-ley, even where any price at all is set on it, shows that tho farmers have found a good thing in their crop raising rais-ing in that belt, and in thoir collection of damages because thoy could not raiso crops. The same is true wherever it is proposed to put' up a smelter or an' kind of oro reducing plant. The utmost secrecy has to be obsorved with respect to the location about to be selected in order to prevent an extravagant, if not prohibitive, raiso in the price of the land. All these facts prove that tho alleged damago to agricultural operations by smeller fumes and smoke is mythical, and that the lands, by reason of tho crops that can be ruised upon them and tho damages dam-ages easily collectible because no crops could bo raised, make thoso lands the most profitable to their owners of any that can be found. Tho mines of the Stale are producing produc-ing ores richly, in their usual enormous volume. The total output amounts lo something over $750,000 per week. And no doubt the present year will make a record above last year, which exceeded $40,000,000. Railroad building interest is centered at present in the pushing of tho Western Pacific westward to its connection with the Nevada Northern, which will givo good access to Ely. This connection is promised in about thirty days. The Western Pacific also j contemplates building several spurs j down in that direction; one to the old i Woodman mine in the northern part of tho Deep Creek country, and one to Ely direct, possibly by pushing the Woodman branch down through the oiher mining districts direct to Ely. There has beeu a revival of talk during the past week also with respect to tho Moffat road, which is being now constructed from Kremmling to Steamboat Springs. Once the line reaches Steamboat Springs construction construc-tion will be comparatively easy down the Yampa river to iho valley of the Green rivor, in Utah, and thence a short distance up the Duchesne. But after getting up the Duchesne a short distance the heavy work will begin; and in order to get over to tho Provo valley, some as heavy work as was undertaken on that line will have to be done. Very heavy work has to be done on this line in Colorado; first, to surmount tho Continental divide, di-vide, aud afterward to go through from Kremmling to Steamboat. A good deal of this latter portiou of the track is now boing worked upon, and it is said that in Egcria canyon on , that section, some of the heaviest work is to be done. The branches that the Los Angeles line will put through, one from Thistle to Ely, and the other up through Piochc to Ward, and probably to a connection at Ely, together with the branches from Las Vegas to Bullfrog, GoIdlioJd, and Tonopah, will make one of the. best' mud aias ru.ofit.ahlo railwtLS' systems anywhere in the M With the Clark road complctcdi dicated, there would seem tiffl good way to avoid a spocdy cS tion fTom Tonopah to Ely, whici give a direct lino from thisfl Tonopah, and probably thence! on to tho coast via Mono Pai that would, be the most dirc3 richest and easiest road from! Lako City to San FraneiHco. M Farming operations havo hS wliat belated this year by weather and the storms; everything may be expected to) ward with a bound. The small crop has been damaged a goodTj the cold weather and tho rainsW late fruit has good indication 'of yield. There is ample watS more than amplo, to meet alK ments of irrigation, power, a thing else required. 'M In the country at lurgo Ihcj of business for tho six month shows an increase of fivo l3 cent over the first six .mo? last year. This is an cxcoHon ing, much bettor than wasjj boon expected from the unfa crop reports that wcro cur inonth or so ago. The gcaeft situation is much improved So 1 retail trade is onlargcd corrjjsj ly. There is a Jartrer wdmr"?? orders than heretofore; mor seemed possible a short whilefa same report holds good as tow ing manufactories and industrh) kinds. All have generally tho records made tho first; last year. The fall trade il already, and thore is a bra interest in jobbing and whologj mcnts of fall and winter lineS machinery is idlo in any ofTi tories, and building operatie on a larger scale than ever Copper keeps well above the?: mark, and thore is little indicai it will fall. Tho last quotatl from 21c to 22c and prohaj will remain there, unless thejj advance Tho copper situation is very strong. Manufactnj buying only as needed, andl aro lower everywhere thanfthi been for a long time. -jK Tho semi-annual distribution' dends and interest in New'-jYc will amount to over 182,00(1 morrow, this being moro than cent abovo any previous recor has, of course, been, to a cont extent, anticipated, and althot flood of monoy will not bel upon New York suddenly and! warning, and its coming hasljit counted, and will make grei ment; yet no doubt the same the accounts aro squared, sho? payment of this vast amount "ol there will be a howl in Ne for more gold. The faciei New York seems never to have of money, no matter how much. It is getting to be the richest tho world by far, and still "tit wants more money, J The stock market is showii of life and activity, hut! certainty of tho government toward the railroads makes look for railroad securities, largely dominate the market questionable. It is not liks there will bo very much ol tion in tho stock market, so railroads are concerned, untUn government position is boW fined. The mining stock situation be one of much encouragemt cause stocks can hardly go loy they have been; and there ar signs of improvement in thejs of the leading mining stocks vada. Taking the situation'aM financially, industrially, aa mercially, wjth tho record jol months' business in excess1 ofjj reports of last year, tho outlo lines is first-class. The cou'ntl fnir show this year to makp in all lines of business and trajj unless tho crops should turner worse than tho indications' no: the year 1007 is likely to "Shi record of profitable industry.ia perity in the United States. |
