The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-07-23
MIDSUMMER
BUSINESS FAIR
Waiting Policy Adopted in Real Els.
tate and Other Lines.
RESORTS REAP A HARVEST
TOURIST TRAVEL HEAVY-BANK
cLEARINes- LARGE.

NO new factors We're thrown into the
business situation during the week just
closed The extreme heat caused an
exodus to the seashore and mountains.
and naturally this had an influence on
local trade. The general midsummer
Iull was noticeable in a number of lines.
These were ESPECIALLY marked in real
estate and in speculative lines. In these
waiting policy seemed to dominate.
There viii be little doing till fall, was
the expression heard i'm many quarters,
and this waiting policy had an -infu-
ence all along the line
Dry goods stores, shoe dealers and
clothing dealers had a good week Ho-
tells, railroads, restaurants and-rooming
houses did rushing business because
OF the large number OF tourists in the
city. For the same reason every re-
sort was well patronized. The ,amuse-
ment season reached it's highest point.
Reports from the farms, orchards
and ranges %ere of a kind to stimulate
business This was especially true Of
the reports from those sections where
the sugar beet has come to be an i'm
portant factor. The crop is ripening
satisfactorily, the acreage is unusually
heavy and the yield will be up to the
best Of former years.
Good Reports From the Farm.
The worst has been said concerning
the tomato blight, and the indications
now are that the crop viii be better
than was expected year age. Fruit
is maturing better than expected and
all crops are looking well. Sheep are
doing their full share to add to the
prosperity of the country. OF course
after all has been said about the crops
the fact still remains that the prospect
ty OF Salt Lake and, in fact, every bust
ness center in Utah. depends to a great
extent on the output of the mines
Here the indications are better than
ever Important strikes in number of
the camps are leading 70 a revival
while the old producers are keeping up
their stroke without faItering.
Money was easy in the local banks
ClearinSs were still heavy and there
was no spot anywhere diseernibIe on
the local financial horizon
There was an upward tendency i'm the
prices of the local dividend-payingc COM
mercial stocks. First National bank OF
Ogden reached $3.50, the highest point
In its history. The absorption of the
BlackfOOt sugar factory by the Idaho
Sugar company was the most important
move of the week in this line The
STOCK Of the company jumped in price
10 $l3-25 as the result of the deal with
the indications all pointing TO a still
higher figure. The development of the
beet sugar industry in Utah and Idaho
continues to be the most impoita mt
business move i'm the intermountain
country outside Of mining.
Figures on Local Stocks.
Quotations on local stocks at the
close of the week were as follows:
Amaigamated Sugar Co., pfd. -. SI0i 90
Beneficial Life Insurance. Co. -. i9S SS
Ion- wagon * Machine Co, pfd. 80. l0l 90
Deseret National bank .. .........' 2s5' 90
Deseret Savings bank go. go. - 335 90
First National bank. Ogden .... 260. 90
first National bank, Murray -. III 90
Home Fire Insurance Co. ......... 1854 90
Lewiston Sugar Co. 49,. e. ......... IA 30
National Bank of the Republic . 100 90
ogden Savings bank 49, -. -. $50 90
Rocky Mountain Bell Tel. Co. 80. 80 80
state Bank OF Utah 500 $50. $500. 167. 90
Sugar City Townsite Co. Gee. ...... 10. %
The Utah Sugar Co, pfd- ............ II 90
Common go. -. ............ 6.9e
Idaho Sugar Co. zee. 80. 1890. IL. 80
thatcher Bros. Bkg. Co.. Logan :. 40, 90
Utah National bank -. &C.. 800. I52. so
Western Idaho Sugar Co. .-.- ...-.. 10 20
lions Saw. Bank 81 Trust Co. ....!. 16s 90
Bonds =
Salt Lake City railroad -. 101 90
Sumpter Valley railroad .... -. .. 102 90
Utah County Light * Power Co. So. 101 90