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Show BUSINESS AND TRADE. The business operations of the week have been distinguished 1)3 the liyeli-nets liyeli-nets that has gcncralh' prevailed since tho first of tho year. Perhaps the most prominent event of the week was the letting of tho contract for the Utah Hotel construction, to cost a million and a half dollars. The tentative plans have been approved aud the hotel is fo bo completed within fourteen months. Tt will bo of steel and stone, aud fireproof. fire-proof. Presiding Bishop Niblc3' of Iho church nunouncod during the week that the church will havo n consolidated healing and power plant on Hie old Silver Sil-ver site on North Temple Street, between be-tween West Temple and First West streets. This plant will supph n0 buildings in the Temple grounds, the new office building of the church on the corner of Richards and South Temple Tem-ple streets, and tho new Utah Hotel, making it ono of the greatest plants of the kind in operation. Tho Board of Public Works, on Friday Fri-day ovoniug, considered public work lo the amount of $.175,000. including the resurfacing of Main street. It is intended in-tended to take out the stone blocks and pave from curb to curb, and there will be new curbs put in. Tho contract for iho resurfacing and removing tho blocks was let. Other important public betterment bet-terment work is being pushed. It was announced during tho week that preparations aro in a good state for forwardness for pushing the work on the new Salisbury building on South Main street, north of the big Nowhouse structures, and Iho elevation was illustrated illus-trated in The Tribune ycster'da3' morning. morn-ing. An event in tbe amusement world of seasonable interest was the opening of Saltair 3'cstordn.v, with man3' new attractions. Tho opening of the outing sonson is ahvaj's a matter of a good deal of business importance here, and other resorts, Lagoon, "Waudamere, etc., will present y bo in full operation with the coining of warm weather. The building activity continues with amazing cnerg.y. and in groat volume. Tho evidence of this is all over the city; no one can go lo any part of town without finding building in operation opera-tion and boing pushed cnercet icalh; and the building takes all forms, from the greatest to tho least. The real estate market is also in good form, with transfers reported of large amounts, both in single salos and in the aggregate of smaller sales. One of Iho most, important sales of the week was tho transfer of ,propcrl3' at 124 South Main street, purchased l3-George l3-George IJonmey and Sons, with a fron-lago fron-lago of .ln1, feet, the price being put at. $2500 per front foot. The general business of the city is strong- maintained by the influx of now population, creating an inci'cas-ing inci'cas-ing demand for dwelling houses and increasing in-creasing the daily business transactions. transac-tions. Tho bank clearances make a vcr good gauge for estimating the business conditions, and thoso show for Iho week a gain of ?2.S per cent above the clearings clear-ings of the corresponding week last yea r. The stocks of goods of all kinds arc largo and more varied than ever, to meet the increasing demand; and the markets show good things . of all kinds. The mining interests aro in better form than for a long timo before, and lhe3' are decidedly aided 1)3' tho advance ad-vance alread3' mado in tho price of copper, cop-per, with a prospective advance to a still higher figure. The situation seems, indeed, to bo vory strong, and the increnscd price will bo a great, advantage ad-vantage lo tho Utah mine owners. Tho othor mines, of silver and lead, aro also al-so rapidly regaining their old form, tho mines showing up strong and rich, and equal to all demands mado upon them. Tho output of Utah's mines this year is not; likely to bo less than an average of $3,000,000 per month. Tho railroad situation is enlivened b3-tho b3-tho confirmation, during tho week, of tho report of the construction of a direct line from Goldfiold to Eh, said lo bo backed by tho Santa Fo, and tho inference is drawn that the Santa Fo will continue its lino on to Salt Lake, giving a short line from this city to tho coast. This construction would indicate indi-cate that the Moffat lino, so called, now under construction from Denver to this city, is dominated by the Sanla Fc. Tf so, the Santa Fo will havo the shortest and richest routo between Salt Lako City aud the Coast, of- all that havo been built. The spring is opening a littlo late, cool weather holding bo3'oud expectations. expecta-tions. This cool weather, howevor, gives the advantago of holding back the snow in tho hills, thus preventing wasteful floods, and no harm is done to tho vegetation by holding it back, unless, possibh, the lucerne crop, which is now lato and which was depended de-pended upon to supply hay for tho market mar-ket this season; as from the outlook, a famine in tho hay market is now upon up-on us. When ha goes up to $22 per ton in this city, that means a real hay shortage.- In (he country at large, business is still awaiting lo a considerable extent j upon the completion of tho tariff j schedules by tho Senate. It is probable that tho Senate will have its way in tho final adjustment of the rntcs to a very great extent, because the Houso will not be able to hold out against the Senate !h persistence. And in so far ns Hhis 111:13- prove lo bo a correct diagnosis of the case, there will be lit- Ho change in f ho customs rates Trom 9B thoso imposed heretofore. jflK The crop situation, so far as grain is concerned, appears to be rather nil-verse nil-verse lo any expectations of bumper crops. The speculators arc alrcndv $9e figuring out a shortage of grain, regard- less of tho abundance of wheat re- '91 ported from the Dcpartmont of Agri- fl culturo lo be in the farmers' hand?, lm However, the speculators arc just now iK buying wheat and boosting tj0 priCCj JKP so that the stories they circulate at- tacking Secretary Wilson's reports are mSf not to be taken sorioush. t JKr The commercial agencies report more evident improvement in the general business and industrial situation, and ImSr an increase in confidence for the fu- YflPf Tho wheat corner is over, but thero is a strong effort to keep up the price WS through reporting a shortage in tho wheat crop. Tho real effect of the W breaking up of tho corner cannot be mJ! felt for some days to conic. 'm$k Thcro continues an abundance of Iffi monc3' in the financial centers, availa- IR,' bio for (he sale of bonds, but the ac- livit3' in the stock market is spasmodic, WbM with 1111 inclination alwa3's to cash mfr in and fake such small "profits ns can 'Hftty be had. There is but little ovidenco HBfc. of any rcacfionaiy movement, ovcry in- ijjBfJ dication being favorable for solid fXif progress toward the old-time pros- |
