Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-30
BIG TRANSFER
OF CITY MONEY.
On Tuesday Two Banks viii Turn
Over Nearly Halt a Nil.
lion Dollars.
BIG REALTY DEALS CLOSING.
General Trade Review Of the Week In.
dicatcs Good Business and u
Hopeful Condition.

The local business situation for the
week past, Immediately following the
busy period preceding Christmas, has
been one of encouragement to the en-
tire mercantile community. Usually,
there has been n reaction, sudden and
marked. as people seemed to have
spent all their spare cash. and waited
TO get their breath for week or two.
But this season the purchasing ran
over from Saturday night before
Christmas, and some Of the firms, notice.
ably the Deseret Book store, was
obliged to open the following Monday
morning TO accommodate purchasers
who could not be accommodated Satur-
day night, on account Of the crush.
The banks report good steady busl-
ness during the week ending today,
with no special features, but with graf
flying conditions and healthy tone
pervading the money market that
promises wei for the opening of the
new year. Money II easy and rates are
high. The furry in New York this
week when the rate OF interest on call
loans went up TO l25 per cent, had no
eect whatever on the salt Lake mar
ket, as the incident there was purely
local and a move on the part OF the
New York banks to cut on wild cat
speculation.
TRANSFER OF CITY MONEY.
Next week will witness change in the
city administration, and at the same
time there viii be Il transfer OF 100000
of the city's funds from the Utah Ma
tlona bank, and 100000 from the Wal
ker Bros, bank, TO the National bank
Of the Republic, which viii become
Tuesday or Wednesday the custodian Of
the municipal moneys
The bondsmen OF city Treasurer
Swenson are Frank Knox J. c. Lynch,
w. +. Adams. |. y. Parker. Glen Both
we'll and X. IL. McConahay.
REALTY SALES CLOSING TODAY.
The feeling In the local realty market
is better than for a long period pre-
vous. Last year. at this time there
was an unpleasant feeling prevailing;
but this has been swept away, and
the outlook is more encouraging. The
dealers are busy completing the unfin-
ished deals of the year, so as TO begin
1906 with clean ledRers. That there Is a
pleasant feeling obtaining is evidenced
from the fact that one property owner
who paid sll5 a foot for land last June,
Is nov hesitating to part with the same
at $3.50. Sales reported today, include
the disposal of the Main street 'front.'
age of Buckle & Son, 26isx270 feet, TO
eastern parties at $500 per front foot;
also, tho northeast corner of Second
East and Third South streets, by the
aeta at
rods, the old Cunnington corner. at
Fifth South and West Temple streets.
to a purchaser named Jones for sl2,oOO.
These sales are being completed today.
The Real Estate association Is livelier
than ever, and has projects on hand Tor
the coming year, which cannot fail TO
benefit the city in a most substantial
way The real estate men OF Salt Lake
are more united than ever before, and
they are having the earnest and effi-
cient cooperation OF the new Mer-
chants e. Manufacturers association.
WITH THE TRADES.
The trades are in good humor. Tho
shoe men report the heaviest improve
ment, one firm claiming that the busl-
ness OF Christmas week was 800 per
cent better than the same week of
beer, comparatively quiet, still the last
week In the year is away ahead of the
game week last year. The shoe men
are all emiles. The novelty and no.
tion stores also report u record break
ing business for the third week In the
month, the toy sales being 80 per cent
greater than the same week OF 1904.
and this week they are preparing to
start cut In Valentine day lines. The
sales In dolls were the heaviest on rec
ord. The &c. NJ. (which Is probably the
most reliable business barometer In the
west. reports trade as 20 per cent bet
ter than a year ago--not In one, bur
IN all lines Then the hardware busl-
ness las an encouraging story TO teu,
end reports Of unprecedented sales for
the last two weeks Of this year, with
conditions such as to warrant great ex-
uectaticns for the coming year. The
clothing men report a comparatively
oulet week when the week previous is
considered, but It Is entirely salts
factory, business Is good, the steady
winter weather has given trade
healthfu stimulus, and the prospects
for the remainder of the winter are
encouraging,
ARCHITECTS ARE HOPEFUL
The architects are taking roseats
views of things, In view OF the expect
ed continuation OF good times which
bring with them assurances OF Iine
building year during 1906 one architect
said today, that there would be an i'm.
mense amount of construction during
the year, and that architects offices
would have plenty to do. Contractors,
too, feel good, and point to the lnoreas.
ing demand for homes, and the new
business structures now under con-
structlOn. House decorators are In
complacsnt frame OF mind. and say all
sorts OF good thipgs In their line may
be expected after the first of the year.
The dry goods men point with pride to
last week as criterion OF commercial
excelleuce--far above the standards
hitherto established, and say that while
tho present week Is rather quiet as
com pared with last. still It Is 80 far
ahead OF the same week last year that
they have no complaint whatever to
make.
A sarong and steady trade Is expected
with the advent OF the new year. The
gain Is In all lines Of the trade. A
feature Of the week was the declara.
ton az a meeting last evening OF the
Home Trust & Savings company OF
2 per cent quarterly dividend, amount
ing to $1,000. payable today. making Il
total Of II per cent I'm dividends for the
wear amounting 10 S27 500