The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-09-25
J0BBERS HAPPY
OVER BIC TRADE
But Retail Business is Still
LifeIess.
MANY FACTORS AT WORK
EVERYTHING DOWN TO A SOLID
BASIS.

tory The principal shipments for fall
and winter trade have been made b.
the large houses, and the jobbing bust
ness is now confined largely to sorting
to fill out stocks. Shipments for hoii-
day trade have begun and they indi
cate good business in this line. Retail
trade is slow; collections are somewhat
improved; money is plentiful with
light demand, and the banks demand
ing good collateral Tor loans.
The above is the summary of the To-
cal business situation as viewed by
George Rust. the local manager for r.
G. Dun & co, The statement covers
the field pretty fully
Bradsreet's, in its summing up Of the
situation for the week. uses the follow
ing language:
"A marked tendency toward a con-
sentative treatment of credits by local
wholesalers is the distinguishing fea-
ture of the opening fall trade. which Il
is believed holds more promise than
has obtained in many years. Retailers
generally report improvement, and col
leetions are better
Watching the Railroads.
II is remarkable to a stranger in the
city the Importance that Is attached
by merchants and real estate dealers
IN particular. and citizens generally. to
the prospect of new railroad connec-
tons for Salt Lake in the near future.
The talk of the Western Pacific TO con-
meet the city directly with San Fran
cisco; the rapid closing of the last
short gap in the San Pedro, and tn,
promise Of an opening of that line
through to Los Angeles before the end
OF the year; the rapid approach of the
MOffat line-all these are having a
marked influence in adding snap to the
local business tone. Added TO these is
the electric line to connect this city
with Bingham; the agitation for the
inter-urban to run through Salt Lake
on line from Logan TO Payson. aud
other propositions of less note Taken
altogether, the work and the talk In
TINS field Of activity are having their
due influence in stimulating ,acal bus
ness
Another factor that is making Itself
felt in the, local business world is the
public work being done by the city
The new pavements. sidewalks and
sewers are giving employment to d
large number of men. enabling them 20
buy literally at the stores and making
their influence felt in the general bust
ness of the city. The extra work beint
done by the railroads is felt in the same
way by the merchants.
Good Year For Crops.
The abundance of water for the year
makes il possible to raise good crops
ana an abundance of vegetables and
1Tuit where in recent previous years
there was nothing. The heavy grain
crop all over the state and the good
prices ruling for the crop; the enor-
nous sugar beet yield, together with
the large acreage: the unusual yield
OF fruit and the continued heavy out
put Of the mines-all these elements
are making themselves felt i'm the gen
eral business situation. While the lack
Of speculation is still noticeable and
while the volume of business has been
disappointing in some lines, the foun-
datlon seems absolutely solid.
Another feature Of the situation no
tlced here as we'll as elsewhere in the
country is that politics is having but
little influence on business. There is
no excitement over the presidential
race and, as a rule. merchants and
business men in general feel that ev-
efythlng VIII be all right whichever
way the battle goes at the polls in No
vember.
There was little of interest in the To-
cal real estate situation during the
week The only sale Of note was the
purchase of a good piece of business
property on State street by Timothy
kinney, wealthy capitalist of Wyo-
ming. In the building line the erection
of moderate priced homes continued 70
be the feature. The record of building
permits issued shows that the total ex-
penditure in this direction is consider
able although none of the houses going
up are expensive.
local S+ocLxs c+;l1 O,,;4