The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-02

COOL WEATHER
HELPS BUSINESS
All Sugar Factories in the
State Running.
HEAVY TRADE IN STOVES
SENTIMENT GROWS FOR ExPAN-
SION OF BUSINESS DISTRICT.


More activity in local trade was the
feature OF the business situation dur
ing the past week. The cooler weather,
presaging the near approach of winter
had q stimulating effect on trade. es-
pecially in the line OF boots and shoes,
clothing and stoves. The traffic in
stoves is the heaviest known to the To-
cal dealers at so early a season, and
the promise is that all previous records
viii be distanced before the end comes.
Wholesale and jobbing trade was not
SO, heavy for the reason that most of
the large orders were filled early in the
season, and the trade now is confined
largely to sorts.
Another factor that has had good
effect on local trade during the week
IS the activity of the sugar factories
and the evidence that the output of this
staple Is 10 be fully up TO the eXpecta-
tions of the most sanguine. The Lehi
factory ran throughout the week at full
capacity; the Ogden and Logan factO-
RES were opened up full blast later in
the week, and the Garland factory was
started so that at the close of the week
all the sugar machinery in the. state
was coming money at fun capacity.
The course Of business was not inter-
rupted many line at any time in the
week by depressing factors. There is
still the lack or speculation that has
characterized the situation for months.
but the increase in activity in all legiti-
mate lines was noticeable and the tone
back Of ii all was as buOyant as at any
time during the. year. The outlook for
heavy fall and winter trade among the
retailers seems a certainty, and the
feeling is cOrrespOndingly optimistic.
Next week the state fair and the semi
annual conference are expected to add
materially to the business of the Salt
Lake merchants. This is a time, too,
when many of the country merchants
settle up for the year, or the part of the
year. and for that reason collections
are expected to make the best showing
OF the year.
Expand Business Area.
The building and real estate condi-
tons Of salt Lake remained normal
during the week. There were no fea-
lures of Importance to distinguish the
week just closed from many weeks that
preceded it. In the real estate field the
high prices at which all owners are
holding inside business property is re-
tarding transfers. This same policy is
L.
ness area over greater extent One
capitalist whose judgment is considered
first class advocates the formation Of
a strong syndicate tOabuild up a retail
department on street other than Main
: 10 relieve the congested conditions on
Main street and relieve small mer-
chants from the exorbitant rentals now
charged within the limited area devot-
Ell TO retail business. This movement
Is certain TO come sooner or later, and
the gentleman speaking looked for its
inauguration in the near future unless
the business of the city should get a
bad setback from some cause not in
sight at this time.
Sugar Stocks Strong.
= The feature of the week in local COM
mercial stocks was the strength of the
sugars due to the starting up Of the
factories and the facility for getting
money for investment in this line. Con-
siderable sugar stock changed hands I'm
small blocks during the week, and the
indication was that there would be no
let-up 10 the activity for a week or
two at least. The Utah Sugar company
paid its regular dividend on the pre-
ferred stock on the last day of Septem-
Der. Other companies are due 10 pay
dividends as follows:
The Home Fire Insurance company,
per cent; lions Savings bank, ? per
cent. Utah Light and Power company,
bonds, 3 per cent; Rocky Mountain Bell
Telephone company, IL per cent; State
Bank Of Utah, per cent; Consolidated
Wagon & Machine company, preferred.
ia per cent; Provo Commercial & Saw
ings bank, . per cent; Lehi Commercial
& Savings bank, IL per cent; Thatcher
Brothers Banking company, Logan. ,
per cent: First National bank, Ogden,
3 per cent; Amalgamated Sugar COM
pany. IL per GENT: T. c. NJ. l., the reg
ular per cent dividend aud = per cent
extra; Utah National bank, IL per
cent.
Figures at the Close.
The quotations on the local stocks at