The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-01-31
SALT LAKE TRADE
Is ABOUT NORMAL
Business in All Lines Reported
Rather Quiet.
GENERAL FEELING is GOOD
AT LEAST NO CHANGE FOR THE
WORSE IS EXPECTED.
GENERAL FEELING is GOOD

business has been quiet during the
last week. about what is to be expected
at this season Of the year. Despite the
Lace House failure, there has been a
firm uudertone in general lines. The
Lace House embarrassment had been
hanging go long that its effect had been
discounted. and there was even relief
when the affair finally came 10 a head.
This much competition has been elm
mated, and merchants generally
breathe easier now that it is over.
The heavy sEOwfalls throughout the
state have given encouragement 10 the
farmers, and consequently to the
Merchants. Spring orders are begin
ming 10 reach the jobbers from the
country stores. and the outlook is for q
good spring trade
The eastern situation mas its effect
locally. II money continues easy there.
q ioosening UP is to be expected. The
drift of opinion - that the country gen
orally viii not see much change in
either direction during the coming year
The water has been pretty well
squeezed ouC Of the stocks on Wall
street, but the depressing effects OF un-
dtgested securities are likely 10 last
some time The iron and steel mills are
curtailing their output TO balance the
overproductiOn Of last year
Working On Orders.
John g Cutler. who returned from a
tour Of the east during the week, says
that manufacturers of cotton and
wooden goods and other staples are
working almost entirely on orders. They
are cleaning up their surplus stocks
and are not allowing goods to accumu-
late. This spirit of conservatism pre-
walls throughout all lines. and is taken
by business men to be a highly encour-
aging symptom, precluding any fear of
q panic Gradual and steady improve
ment is expected, especially after the
disturbing influence Of the presidential
election is over
Locally there are conditions which
may at any time give a stimulus
amounting to a boom. Business men
are watching with a great deal Of in
teTest the oil developments north Of
the city. Guffey < Galley are men who
have never made q mistake when they
entered a field, and there is growing
confidence that this instance viii not
prove an exception. The striking Of oil
in paying quantities could scarcely help
resulting in a great boom for Salt Lake.
the first influx Of the spectators being
followed by a steady. solid growth
based on the opportunities afforded by
cheap fuel. Mining development and
railroad building are other factors re-
garded as highly encouraging. and all
though some of these things have been
slow in fruition,- confidence is felt in ul-
Jimate results.
The real estate market has shown lit
tie change. There has been more &C
tivity than is often the case at this
time Of year. and the general feeling is
good.
Stocks and Bonds.
Local commercial stocks and bonds
were dealt in 10 a considerable extent
principally in small lots. Idaho Sugar
eOmpany stock sold from S1150 TO SlI so
per share, Deseret National bank stock
sold at 1912; z. G. NJ. T. at $751; Anal
gamated Sugar company preferred
stock sold at s93. Consolidated Wagon
& Machine company preferred at S93
while common advanced TO $66 per
share on the expectation Of a dividend;
church bonds advanced, as. in fact, did
nearly all the bonds on the list. The
Iehi Commercial & Savings bank stock
advanced TO s1G5 per share. Quotations