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Show BUSINESS AND TRADE. The city has taken a mighty step for-ward for-ward since the American triumph at the recent election confidence and optimism optim-ism everywhere prevail. Tho building activity continues With unabated vigor,- Ihc weather being entirely en-tirely favorable for construction. The building is general throughout the city, and covers all classes of construction. It looks now as though tho building record of last year, itself a record, will be doubled by the construction of the present year. With the great activity noted in tho transfers of large properties and with the constant sales of properties all through the city, .the aggregate of real estate transactions every week is ver' largo. Negotiations for the purchase of large tracts of city realty are on in earnest, and will doubtless continue iu good volume all winter, and in tho spring will blossom out into a veritable but entirely substantial "boom" no mere windy affair, but one based upon actual merit and not in any way ex"-ceeding ex"-ceeding t lie conservative estimate of value. Thc .mining situation is one that is in every way encouraging. The local mining world has recovered from the terrific blow administered to it by thc panic of J907, and thc mining industry of the State is now substantially upon its old footing. Tho mines arc conservatively con-servatively managed, and have the confidence con-fidence of the mining and financial world. Tho orc-rcduelion facilities in this valley aro better than ever before, and arc improving all tho time. With the completion of the great smelter in tho Tooele valley, this will be as important im-portant an ore reduction center as there is in the world. The railroad situation was enlivened during tho week by the arrival ou Wednesday of thc first through train over thc Western Pacific. lino from San Francisco. The track of this company being now fully completed, arrangements arrange-ments arc in vigorous progress for putting' on regular train service. TSnr-in TSnr-in the coming, month, doubtless, this scrvico will be fa'irby established, and Salt Lake City will have the immediate imme-diate advantage of another through lino to the coast. And this will bo a powerful power-ful factor in bringing to this cit1" all of the transcontinental lines of tho middle. belt. This new road will also be extrcmel- valuable in opening . up new transportation developments in the western part of Utah, especially in tho Deep Creek country, whose mines will now havo a better oppoiunity of shipping ship-ping their ores than ever before. The farmers and slockraiscrs of this Stule have had an uncommonly good year. The crops have been above average; aver-age; thc ranges better than for many years past; and tho products from both farm and rinigo have had a good market mar-ket at unusually high prices. Tho markets mar-kets arc well supplied with everything of thc best, and the Stale never enjoyed en-joyed such prosperity as it is enjoying now, this largely on account of the tremendous vitality and progress of Salt Lake City under American administration. admin-istration. The tremendous influx of new population to this city largely accounts for the splendid, market which thc farmers farm-ers and stockraisers enjoy. In the country at large, further progress prog-ress in thc immense prosperity which is now fairly entered into is noted in tho commercial reports. Thc iron and steel demand has boon exceeding all rocords, and it is estimated that tho nrojects contemplated will cull for over 100,000 tons of steel. Buying of rails is well maintained, much of the business busi-ness extending into next year, and orders for bars are eoiispicuousby large. Thoro is an automatic adjustment of rising prices all along the line, based on the higher o.obt of production, and partly, no doubt, by reason of tho new tariA', especially in cotton goods, where the tariff was so enormously increased. Commercial collections arc good, and commodity prices, as a rule, are all inclining in-clining toward higher lov.els. The' metal markets show vitality, and the tremendous upward movements reported re-ported yesterday in New York in the coppors, especially in Utah Coppor, is significant of tho general feeling that higher prices for copper arc sure iu tho near future. There is an abundance of mone. and although tho exports of gold nro higher than was expected, thorn is such an abundant supply that exports have no effect upon the markets. With I his country producing gold at the rate of upwards of $8,000,000 per month, and with The It.ud producing gold at thu rale of $1.'!. 000,000 per month, and with tho world's production likely to reach :MdO.0Ut).0iio tho present year, there seems lo be such an abundance of gold Unit I ho movement of a few millions, more or less, from one country to an-,olher, an-,olher, has no appreciable effect. The banks of Europe hold some $200,000,000 more in .gold in their vaults than tliey did at this lime laid year, while the U. S. treasury has a larger holding of gold than was ever gathered together before in one place in tho history of thd world. Tho only place in which thc prosperity pros-perity is not firm and assured is in the stock market. This shows signs of gaining .strength and stability, and yet these aro not assured. Hut after all, that is the place of least importance. It does not mailer much what "the street' may do as long as. it doesn't break thc banks and prostrate the country by tho locking up of all the mono'. Tlicre appear to bo no signs of tiny stringency at all, although some of thc New York banks aro reputed as having reserves less than the lawful limit. With tho abundance of money, liowever, this should have no material effect. Tho country, iu all its great industries, commerce, and financial transactions, is on a broad, vital platform plat-form of immense prosperity. |
