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Show EUSLNESS AND TRADE. Tho sultry weather has brought on tho usual summer quiot in finance and general business. Still, tho building activity in the city keeps up in splendid splen-did form, and there is a largo business doing b3' tho resorts and in tho wa3' of summer outings. Tho real estate markot is rather dull, but this was to be expected at this season. sea-son. Roalty is firmly held, however, and transfers aro fair. Tho conditions of general trade in tho city aro gauged b3' the bank clearances, clear-ances, which show a gain for the past week of 21 A per oont, compared with tho corresponding week last 3ear. This is certainl3' a" satisfactoiy showing, and ono that speaks well for tho strength of Salt Lako's growth iu population and business. The merchants mer-chants aro cariying larger slocks than ever boforc; the innnodiato occupancj' of all the new structures demonstrates conclusive' tho growth of the city in population, and altogether, whilo it is truo that tho summer letharg3' is in cvitable hero as elsewhere, it is also truo that Salt Lako City stands that lethargy better than other cities, just as it en mo but of the Roosevelt panic of 1007 in better aim pa than any other city of its importance in" the United States. m Tito surface indications of tho min-ing min-ing industry show no prominent do-velopments, do-velopments, and thero is a provalent quiet, as oxpcolod in the hot Kcnsou. The mines aro producing richly and abundantly, with ampio reserves. They aro well equipped for ore production, and are doing their full sharo to koqi up tho general output, which is expected ex-pected to reach $30,000,000 the present year. ' ' Tho new concentrating plants- and smelters aro being rushed to completion, com-pletion, .especially tho Independent amoJlor at Tooole, and those in tho new copper camps of Arizona. Local interest in tho Tonopah field of Into was increased by expressions of substantial sub-stantial mon in which the importance of tho disclosures at. depth wore Strongly Strong-ly emphasized. Tho uews front the Goldfield mines, especially from tho Goldficld. Con., is most optimistic in character. Tho splendid manner in which tho mines, both of Tonopah and Goldfield, are mooting expectations, is having a beneficial effect upon mining genorall3', and is a strong factor in influencing in-fluencing tho investment of capital in tho mining industry. It is easier now to get capital for mining in Novada than at an3 timo during tho past throe 3'cars. The feature of tho mining situation hero is tho shipment of largo oro tonnages ton-nages and tho continued mino improvements improve-ments reported. A word of caution to thoso who may think that mine conditions condi-tions arc reflected in the prices prevailing pre-vailing in tho stock exchange, UK13' bo spoken. There was novor a time when theso were more distinctly dissociated than now. Mining stocks aro given no support b' tho local traders and consequent' conse-quent' lhc3' fall into neglect. Tn tho 'railroad situation tho now event of tho week was tho application to tho C01111nprci.1l club to havo taken up tho Iron Mountain, Se. Gcorgo and Grand Canyon Railway with a view of making a paying fact of what is now simpl3' a promising project. Tho Salt" Lako Roulo had brilliant success in the reopening of its road, its trains making tho timo between' this city nnd Los Angeles exactly on tho minute. Tho road is in first class working order, again, and is enjoying its old-time, popularity with tho business busi-ness arid traveling public. Work progresses on tho new Gould union station and track connections from Denver & Rio Grando to Western West-ern Pacific. The project broached b' tho real estate men to havo a jubilant celebration of the opening of the Western West-ern Pacific and of this new dopot, was nipped in tho bud by a letter from President Jeffoiy of the Western Pacific Pa-cific declining to tako any part iu it. Track laying on the branch road of tho Oregon Short Lino in Idaho from Moroland to Pingroo is about convicted, convict-ed, and survo3's in various other parts of Idaho for Short Lino branches are in progress. Tho Short Lino is doing great development work in southern Idaho. Throughout tho Stato indications for an excellent crop year aro good, save on tho dry farms. As to theso there has boon too little caution, too much disregard dis-regard of scientific methods, and in somo cases tho crops on the dry-farms arc reported a failure, in most, damaged fields. Thoso interested in this now foaturo of agriculture in tho arid regions, however, aro taking benrt from the lesson, and aro realizing what exports havo been telling them all along, that slipshod methods, or methods meth-ods in contravention of thoso which have been well proved, will not do in dr3'-fanning. But whon tho proper methods arc followed, dry-farming is a succcssVvcry second 3'car. In this form of cultivation, the land must havo an interval of rest cvor3' other 3'ear. Tho sheopmcu have had good wool clips this 3'ear, but tho prices aro not satisfaclor3' and tho movement for storing the -wool iu hopes of getting better money for it later 011, ha become be-come quite prevalent. Still, with tho wool manufacturers' combine in control of the market, it may bo a fair question ques-tion whether thoso who sold promptly havo not shown tho clearer vision. Tho crops on tho land under cultivation cultiva-tion aro in first-class condition, and tho season's yiold will undoubtedly bo up to a high avorago. Iu the country at largo the crop news is only fair, tho conditions on June 1st being reported general' something below be-low tho ton years' average. Tho iron and steel markets arc improved, im-proved, and tho foreign trndo is now showing a limited excess of oxports. Tho business outlook is something bolter bol-ter thnn tho diseouragomcnt noted for somo timo past. There is continued improvement in iron, with increased inquiry in tho leading lead-ing producing centers, this caused by conccssiouii in pig-iron prices. Moro orders havo boon placed in pig-iron, and the tonnago already booked for dclivor3' in tho second half of tho 3oar is heavy. Manufacturers report a largo amount of business placed b3' tho railroads, rail-roads, but tho railroad managers themselves them-selves sa3' that they aro curtailing their orders and canceling thoso made for proposed extensions of their lines. Tho' primary dr3'-goods markets report re-port light trading, with firm prices. Jobbers to western markets shade priccli at clearance sales to reduce stocks. There is an intimation that tho usual summor annual clearance sales will bo omitted because costs of replacement aro abovo prices horctoforo paid. Especial Espe-cial caution is manifest in tho woolen goods trade, with tho manufacturers in control of tho situation. Tho metal markets remain quiot, and, on the whole, sjablc. Tho stock market is lifeless, the weakness being general' attributed to tho impossibility of getting tho pub lic to invest under present conditions of threatened Government regulation and adverse legislation. Tho business of tho country is, however, how-ever, on a tremendous scale, as shown b3' the enormous bank clearances; and while the money market is straitened, bond sales impracticable, and loans difficult to get, there is no reason lo feel otherwise than that Iho business 3'car will be fairty satisfactory on all genuine business speculation barred. |