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Show COPPER BIK ISSUES OPTIMISTIC LETTER, I Conditions in General Are Imported Im-ported to Be Entirely Satisfactory. . BUSINESS IS INCREASING Reference Made to Mexican Situation and Probable Intervention. The monthly trade and finance let ter of the National I Opoet i ank. i- sued yesterday, states that the clearings, clear-ings, bank reit.rt- an.: bnildina ngUT for the country at large all indicate strength., and thai Otti foTcign trad balance has swelled to a halt billoui. Cotton exports for the fiscal year end ing with dune, mjl the letter, will pass previous records by 8,000,000 nalc-. The letter says in part: "Mexican affairs are growing more complicated each week and votn mOJ ' and more likely to require intervention to preveut absolute anarchy and to pro teet tlie large interests of Americans it seems logical to suppose that the ultimate ul-timate outcome Will be the bringing of Mexico under .-ome sneh arrange ment as has existed in Cuba, and bUtfl' noes would be greatly stimulated by such an event. "The shock, the awfulness of the catastrophe which blotted out 1500 lives i Quickly and quietly when tilt-Titanic tilt-Titanic sank that it was like the turn ing down of a light, has made our hearts stand still And in addition to this is the fact that 125,000,000 of wealth has been snatched from the world's purse at a stroke. Although this is a much smaller figure than the tire loss of un Francisco and peruaps no greater than this spring's flood losses in the Mississippi valley, the liquidation bv individuals aud Insurance Insur-ance Companies will mean some selling of securities and borrowing of funds, and the effect on the pulse of business mn he noticeable." Regarding local and state affairs, the letter sneaks of the benefits to be ti al-ized al-ized from the annual trip of the special spe-cial agricultural train under the charge of Professor Merrill and the Farmers 1 institute under the direction of Professor Profes-sor Hogenaon. and reviews tho importance im-portance of the exhibits made during Utah products week. Speaking of the state-wide mass meeting? held in observance ob-servance of Utah development day, April '2'), the letter savs: "Tins is work along right lines, for the rate at which people will make their homes and invent their money here will be in direct nrrmortion to the amount of information which we have at our tongue's end as to the variety and magnitude of our state's resources, and the Enthusiasm with which we disseminate dis-seminate it. Ah a further 'boost 1 six of the largest conventions in the United Unit-ed States this year will be held in JSalt Lake City. Building' eing Jushed. "During the past twelve months of general quiet, building construction iu Salt Lake City has been going forward at S rapid pace. Among the more important im-portant of the projects which have boon completed during that period ur which are shortlv to he commenced are t lit east side high school, to cost 1550,000; an addition to the postoffiee, 1275,000; the Walker building, $600,-000; $600,-000; the Auerbach building at Third South and State streets, to bo occupied occu-pied bv the Koith-0 'Brien department store, 200,000: nurses' home at the (.roves L. D. S. hospital, 180,000; new buildings for the University of Utah, 0300,000; technical high school, $10u,-000: $10u,-000: county infirmary, 8150,000; new Orpheuin theater. 185,000; two grade school buildings, $o0,0fi0; J. R. Wal ker estate building on PontouVe place. 880.000: Hotel Utah annex, 8884,000; three churches, $1 25,000; H viand telephone tele-phone exchange, $30,000; the Canning' apartments. 875,000: Utah Ice & OoM Storage compauy, $150,000; improve meats bv the heesman estate OiJ Fourth South street, 834,000 Rex theater, the-ater, 870,000; Snow apartments. 050 000; City Investment company apartments. apart-ments. $45,000; city stables $56,000; Rosenblnm apartments $30,000; the Ladies La-dies Literary club. 885,000, and tho Enamel Brick & Concrete company's ; addition to plant, 885,000, Tbe per-l per-l ui'ts for dwelling houses alone account , for 34.5 per cent of the total sum ex-j ex-j ponded in building activity, while apartment houses and flats make up a further 10 per cent. "As to the number of bouses standing stand-ing vacant, there are at this moment, fewer hv at least 25 per cent than there were twelve, or even six months ago. It is notworthy that the greater proportion of the new residences are owned by their occupants. A company handling six of the largest apartment houses reports them 97 per cent filled. Public Improvements. Of tho public improvements completed com-pleted during 191 or planned for 1912. the following may be mentioned; "Asphalt paving, existing, 33.75 miles to be completed this vear 7 miles, to cost $.'175,000; cement sidewalks, side-walks, existing. 304.5 miles to be completed this vear, 24 miles, to cost .$0,000; curb and gutter, existing, 70 miles to be completed this vear, six miles to cost $12,000; water mains, existing, ex-isting, 813.8 miles to be completed this vear, five miles to cost $40,000; sewers, existing, 135 miles to be completed com-pleted thi svoar, eight miles to cost $70,000; surplus canal to cost $50,000; outlet canal to cost 826,000; City creek aqueduct to cost 83,000. "We desire to cull attention to a too little thought of peculiarity in the Salt Lake residence realty situation, arising from the generosity of the plan on whieh Salt Lake CStj was or iginsllv laid out That plan provided for a community of small farm,., smth ten acres in extent, the length of block and street being 702 feet twice the ordinnrv distance. As these farms were transformed to citv blocks, residences resi-dences were built close to the street, extending around the bloek like a frinpe. with the result that there i-in i-in the center of each block a large amount of unused space, "The eitv's population is cone QjUOntly settled over a verv wide urc, which is thoroughly equipped with C'c convenience! incident to city life. In the natural course of events, the rising value of realty and the necessity felt hv many, of living close to the busi ness section, will cause these large blocks to be cut in half so that all the ppaee ran be utili.ed. This ha- si readv been done in some Instances, this pOSSibilitv of largely ito-reasing the number of homes in each block without anv overcrowding, means that the city B linpu jation can be creattv augment,' I with a much lower cost f-r new pu ing and sidewalk, new gas an I water main, sewer- and street --ar line, than would experienee4j in any other citv within our I uowledge. Rv- |
