The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-08-18
MERCHANTS PREPARE
FOR BIG FALL TRADE
Bright Prospects for Continued
Trade Activity.
J0BBERS REACHING OFT
COVER MORE TERRITORY THAN
EVER BEFORE.

The salt Lake merchants are pre-
pairing for the greatest fall trade in
the history of the city, and all the in
dications justify them in these prepa-
rations. The business has kept up
wonderfully well all through the hot
weather and now that the back of
summer is broken attention is natural
~ turned in the direction of fall bust
ness. Representatives of the Salt
Lake jObbeTs who have been securing
the country for a hundred miles on all
sides report all conditions favorable
for a great trade this fall. One reason
is that the Salt Lake houses have
adopted the method of the eastern job
bers, that of selling in larger quanti-
ties and at lower prices or closer mar
gins. This has been found to work
well and as a result the salt Lake job
bers have been winning territory that
they have not been able to touch here
tofore. Then the crops in most of the
territory contiguous to Salt Lake are
good and the sheep and cattle indus
tries are in the most fiOurishing con-
ditiOn.
But the greatest factor is of course
the steady dividends from the mines
that are pouring month after month
into this community. The dividends
from the Utah mines Of $500 600 per
man. woman and child in the state of
Utah. At the rate of s12 per year it
would not be long till the per capita
wealth of the state was very far IN
excess of that of any other state or
country known to man. These divi-
dends are but the net proceeds of the
mines, and do not take into account
the vast amounts that are paid out for
labor and development
The business during the week was
satisfactory and collections are re-
ported fair, with money in abundance
and interest rates low. The volume Of
money in the local banks IS as great as
ever, with more pouring in all the
time.
Preparing for Fall Trade.
The merchants are stocking up for
the fall trade already and it is safe to
say that the stocks this fall will be
the heaviest ever carried. The 2. c.
NJ. I. is pushing ahead with its extern
siye improvements and will have a
magnificent place of business when the
work is completed. The front is al
ready in the hardware and grocery de-
p2rtment and is greatly admired. The
work of remOdeling the Auerbach
building still goes on and has reached
a stage that gives an idea as TO how
great the Improvement will be. The
head of the firm, Samuel H. Auerbach,
is still in the east buying goods and
large cOnsignments are rolling in every
day. The entire basement is now pack
ed with bundles, boxes and barrels
ready TO be opened when the store Is
ready. The new building for the Paris
Millinery company is nearing compile
ton, and promises to be one of the
handsomest places Of business in the
whole city. On all sides there is i'm
provement going on in the business
district and the city never presented
so cosmopolitan an appearance as II
does at this time.
Scarcity Of Store Rooms.
The pressure for good store rooms
still continues and some of the rents
being paid on Main street would have
been considered ridiculous three years
ago. There are merchants now in the
city embarrassed for places in which
to continue their business. and there
are many more who would come in if
they could get rooms in good locations.
The lack of Office quarters continues
to be felt; in fact it is felt now more
keenly than at any previous time. The
light shaft was taken out of the Nc
COTnick building to provide more office
and still there is a great demand that
( cannot be met. A thoroughly modern
! office building in a good location would
/ be a gold mine if present conditions
/ are to continue.
There was no material change in the
! real estate or building situation during
l the week. Brick and other material
/ continue scarce, and the high prices
D asked for building material of all kinds
4 is having a depressing effect on all new
{ projects for the fall. Work is progress
/ ing satisfactorily on all the buildings
/ in course of construction.
/ There was no important change in
/ the quotations on local commercial and
/ Industrial stocks during the week The
/ bonds of the new Consolidated Rail
way & Power company are quoted al
/ SOB and the stock at S102; but there is
/ no record of any sale having been made
in either. Utah Sugar is quoted al
( $3.50 ard Ogden Sugar at S1S5.
=