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Show BUSINESS REVIEW. All of the reviews of business conditions for li'Of are in the same vein; From every source, in "very industry from the miners, farmers, manufacturers, manu-facturers, railroad men, bankers, comes the same report material prosperity greater than ever be-forci be-forci It is solid, substantial prosperity, based on real wealth production, and not the Wall street hrand of a few years ago. A Wall street man's I'lea of prosperity i3 when the public buys freely, snd without question, watered stocks, whose value is altogether speculative. That, makes the Wall street nian prosperous. TJie public has become wise to this, to a great extent, and the result is that Wall Mrect conditions cut very little figure with he coun-i'.v coun-i'.v at large. In fact, during the past year, Wall street has not done very well;its gold bricks have luuges' absorbed' by the public, and the result j V'iJyjjJSak ortwo from the frenzied financiers, to j the eneot that a panic is imminent throughout the j country. They do not realize that the country has gone ahead and left them with their thimble rigs and three-card games. This very fact will do more to avert a panic than anything else. At a time when interest rates have been up to 100 per cent per annum on Wall street, people in the west could borrow all the money they wanted at and ti per cent. All through the west business has been especially espe-cially prosperous. The wheat and corn states produced pro-duced bumper crops, and the savings banks all through those regions are full of money. The intermountain inter-mountain region has prospered still more. Nevada's Neva-da's mountains have loosened up their grip on sjobl to an extent surpassing that of the Comstoek days, and it looks as if it would continue for many years. Utah has surpassed her record for last year by one-third, one-third, and that was the best year in her history. The record for this year is $40,000,000 in precious metals, with dividends of upwards of $.".,000,000. Copper was the principal product, amounting to upwards of .$12,000,000, silver coming next with upwards of $10,000,000, and gold a close third with nine and a half millions. Besides this, the state produced upwards of two millions of coal, six million mil-lion dollars' worth of lead, and other metals. The abundant rainfall of last winter made farming farm-ing and fruit raising very prosperous in Utah. New methods of dry farming have been adopted, by which manj- thousands of heretofore unproductive unproduc-tive acres of ground have been made to yield handsomely. The beet sugar crop was the largest in the history of the state, and in many cases yielSednough to entirely, pay for the farm on ' which they were raised. The live stock men have fared unusually well, and the sheep men realized ' five and a. half million dollars from their wool and mutton. Alongside of this development, and because of it and increasing it, is the building of railroads. The Clark road is in full operation, bringing many thousand travelers to Utah cities, and connecting with the rich mining camps of southern Nevada. A new branch is being constructed, running from Calientc to Pioehe, which will enable many min:s to be worked there which before were idle, although known to he rich. The Western Pacific, running from Salt Lake City to San Francisco, is being con1 strueted as fast, as unlimited capital and energy can build it. Only the scarcity of workmen is retarding re-tarding its construction. All through this region workmen arc better paid, and arc in greater demand than at any time in the history of the country. The Moffat road, from Denver to Salt Lake City, is steadily progressing, and when completed will mean another developer of the exhaustless resources of this wonderful region. The smelting industry in the Salt Lake valley is the largest in the world, and is being increased. During the year a town of 8,000 people sprung into existence on the shores of Great Salt lake, where one smelting company has invested about five million mil-lion dollars, and distributes annually over a million dollars in wages. Something of a setback was experienced ex-perienced by the smelters near Murray and Bingham Bing-ham Junction, owing. to an injunction on account of smoke fumes. Unless this is adjusted, the smelters will be moved a few miles farther out, pos-" pos-" suijeross the mountain range into Tooele county, but 'still in Utah, and will be reconstructed oil a larger scale than ever. The result of all these immense enterprises' has been felt decidedly in the two principal centers of population Salt Lake City and Ogden. It is shown in the erection of hundreds of new modern' homes, business blocks, factories- and public buildings. build-ings. Ground has been broken for the erection of the passenger station of the Oregon Short Line and San Pedro roads, which will cost a quarter of a million, and already over a hundred thousand dollars has been expended in the purchase of ground, building of freight houses, etc. Next summer sum-mer will see the commencement of work on the passtjnger station of the Denver & Bio Grande and 1 he Western Pacific at Third South and Third West streets, which will equal or surpass the other in extent and cost. T he banks and trust companies of Salt Lake City and Ogden have a larger line of deposits and have made more money than ever before. Money could be used profitably, and interest rates have boon a shade higher than a year ago. This is always al-ways a condition of prosperous times. Tho trust companies have materially aided in the building of Wes. bv advancing money to home builders, and t in turn have received good iilrrrest on those best of securities. " Taken all in all. the year pn has been a beneficent benef-icent one for Utah and the surrounding states, and there is no cloud on the horizou of l!M7. In fact, everything indicates a growing prosperity. |