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Show BUSINESS AND TRADE. The week has shown considerable of activity throughout tho State by tho wool buyers, and they are reported to have had a good deal of success, de-spito de-spito tho plan of the woolgrowors' association as-sociation for storing wool. Evidently a large number of the woolgrowors are content to take current prices, without entering into any combiuo or accepting tho storage proposition. Wo notice also that there is a. proposition in the Legislature Leg-islature to do away with the State Sheep Commission, it being claimed that the action of the State in creating this commission results in unfairnoss to the cattlo men. It is not at all likely, however, thatk the bill abolishing the commission will bo enacted. The week has been a fair one in business, although tho bank clearances show a 10.5 per cent decrease as compared com-pared with the corresponding week last year. ThG jobbing and wholesale trade is good, and thero arc present indications indica-tions of the awakening of the spring trade. The building activity of tho city bids fair to bo pushed tho ensuing season even to a greater extent than it was pushed last season, which was a record 3'ear. There are indications of much new building along Third South street, west of West Temple street, because of the construction on that street, between Third and Fourth West streets, of the new union dopot of the Rio Grande S3's-torn S3's-torn and tho Western Pacific. The Mc-Intyre Mc-Intyre building, just north of tho Mc-Cornick Mc-Cornick block is being pushed, the Mc-Cr'stal Mc-Cr'stal properly, half way up the block on tho west side between South Tern-plo Tern-plo and First South streets, promises a now structure. Portions of the New-house New-house skyscrapers will soon be ready to move into and tenants are preparing to occupy; the great Judge building is completed and occupied, and all over town thero is a revival of building operations oper-ations such as it is good to see. The real estate market, with the prospect pros-pect that the proposed prohibition legislation leg-islation is shelved for tho session, shows decided signs of revival. A noteworthj-purcha.ee noteworthj-purcha.ee of the week was that by Mr. G. S. Holmes of the Knutsford, of fifty feet frontage on State street, between Second and Third South streets. The purchase price is given at $900 per front foot. Mr. Holmes proposes to build, ns soon as possible, a two-stoiy building on the property, with three largo stores on the ground floor and a European hotel with a hundred rooms above. Other good sales arc reported from time to time, making large aggregates ag-gregates each week. The mining interests of the State are pushing strongly to regain their old position of large productiveness, as shown in tho returns for the year 1D07. That year tho mining product of the State was upwards of $51,000,000. The product of tho present 3'ear is not likely like-ly to reach that groat figure, but it will probablj- ireaoh pretty well out beyond the $40,000,000 mark. With the passage pass-age by the Legislature of the eminent domain bill for the relief of the smelters, smelt-ers, a great smelting plant will be built around the point of the mountain in Tooele vallry, and this, in turn, will probably lead to a tunnel through the uquirrn range ro tap tue iJingnam mines at low levejs. The year promises to be an important and profitable one for the mining industiy of the State. During tho week it was announced from Denvor that Mr. W. S. McCornick of this city had announced his purpose to aid in tbo building of the Moffat railroad rail-road lino from Denver to this city. Mr. McCornick. however, denied this on his return home. Still, there is no doubt but that tho road will be pushed with vigor the present 3"oar, and that it will make a substantial advance from its present terminus at Steamboat Springs down the Yampa river towards the Utah Stato line. Tho heavy work for this line in Colorndo is uow prac-ticallj prac-ticallj completed, save only the big tunnel through tho main Rocky Mountain Moun-tain range. The operating department of the road is running trains on a switchback over the rango until the completion of that tunnel. The next heavy work on the line will be through tho mountains in Uintah county ovor into tho Provo valle3'. Wo hope to seo substantial progress made on this lino the present year. In its passage down the Yampa valley it will open up a new and rich country, and will bo of im-menao im-menao benefit to the State of Colorado. As soon ag it reaches the Uintah country in Utah it will be of great benefit to that country also, but this benefit will not be fully realized until the line is pushed through to Salt Lake. The abundant snows of tho winter assure ample water supply and make it certain thnt tho sheep on tho desert ranges aro thriving well, and tho winter win-ter having been so comparatively mild, thcrn is a reasonable expectation that they will como out strong in tho spring nnd with good fleeces. The ranges will also be unusually good this coming season, sea-son, both for cattle and for sheep. In the country at large, the reports on trade and industry vnrj-. being good in spots and bad in other spots. The stormy weather, tariff rovision talk, un-settlement un-settlement in prices, such as that announced an-nounced b3- the United States Steel corporation, cor-poration, and the offer of concessions by manufacturers, all tend to demoralize trade and render the future uncertain. But on the wholo tho prospectus for gradual but cautious recovery from tho financial depths into which the Now York currency panic of the fall of 1907 plunged tho countr-. Copper shows a weakening tendency, lead is dull, and silver is 3-et awaj down. Money is still reported to bo a glut in the financial market for the week, and there is a good, strong demand for well-approvod bonds. The stock market, however, continues iu a precarious state, and prices as quoted are more the result re-sult of manipulation than of actual business busi-ness demand. The country seems to be awaiting the crop yield of the coming season, and with that good there will undoubtedly be a marked revival in all forms of trade and commerce. |