The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-16
BIG REACTION IN
RETAIL TRADE
Falling OF From Conference
and Fair Week.
jOBBlNG TRADE rs HEAVY
REAL ESTATE AWAITS RAIL
ROAD DEVELOPMENTS.
JOBBING TRADE is HEAVY

During the week just closed local
trade suffered from the reaction follow
ing conference and state fair week. This
was especially noticeable in retail trade.
and many merchants took gloomy view
OF the outlook. The dull condition was
emphasized by the fair weather. which
sdee setback 10 the demand for stoves,
winter clothing and boots and shoes
IN Jobbing lines the week was a fairly
acIINe one and no complaint was heard
1.ther here or among the wholesalers
ne men who do the heavy business IN
Ahese lines report the trade fully I'D to
Lhe standard of last year. Collections
continue good for the time OF year for
INC reason that farmers are realizing
OF thelr sugar beets, wheat and fruit
The falling off in local retail trade
from the previous week was made still
more marked by the increased activity
IN p9ltics The national contest is hav-
lhS out little influence on business In
general but the nature Of the local fight
mas mad tendency TO Interfere with
business in some lines, and this factor
- expected to make itself felt tin after
inc election On the whole the week
Nas not a satisfactory one TO local
merchants.
Interest in Real Estate.
The real estate market is at a stand
sun 50 Tar as large deals OF business
pIoPerty tell the story. This is accounted
TOT oy some OF the dealers with the state
ment that there is no good business
property or the market Main street is
All heid at fancy figures. Isolated sales
recently made show a profit of moro
Ihan 20 per cent in less than three wears
OutSlde business property awaits rail-
ROAD developments. Good Judges of To-
CSl conditions are of the opinion that
Wnen the new railroads open up there
wall be "a decided expansion i'm the bust
ness district
lust what direction this expansion win
- - Is not known, but as rule men
watching n ..f
CITY expect great things inside the street
railway loops formed by First second
ana lhlrd South. and by Main and state
streets. So many Of the main street car.
lines empty their incoming loads with
IN TINS district that may expect il TO
become the core of the business dis
IrIcI. At the same time the wholesale
district IS eXpcCtN to devotion entirely
on the west side, because Of the pres
ent railroad facilities and because Of the
whoiesale district that already exists IN
no change noted in recent weeks in tho
demand Tor residence lots, while any
tnlng in the way Of a snap" i'm either
business or residence property. is being
quickly picked up by men who haze
money to invest. And because of the
continuous stream Of mine dividends
pouring into the city, there is ALWAYS
money TO invest where the promise is
meats.
Building Less Active.
Building in the city shows some SIGNS
or slackening because OF the near aD-
preach of bad weather. At the same
time, there is a gr%it deal OF work he
ing done on buildings already in the
course OF construction. The rush is 10
get all these rooted before the storms
como. The demand for labor IS not so
good rs il was earlier in the season.
and the outlook fer work through The
winter IS not bright in some lines.
lhere were few features in the local
commercial stock market Activity was
confined largely 20 sugar stocks and
here there was "A stffening i'm prices
Ihe impending visit Of Havemeyer, the
sugar king. addcS Ia the interest IN
this line. The Il. c. NJ. l. at the close
OF the week paid out its regular per
cent quarterly dividend together with a
Z per cent special dividend making n
total sum Of $4,000 to be divided among
the stockholders. The closing quotations
are rs follows.