The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-18
BAD WEATHER
HURTS BUSINESS
Spring Openings Delayed by Unpro-
pitious Conditions of the
Past Week.
GAIN IN BANK CLEARINGS
ONLY ONE CITY SURPRISES ZION
IN PER CENT OF INCREASE.

Locally and nationally, bad weather
has played an important part in COM
mercial circles. Spring openings have
been delayed, and business has been
stagnated TO SOME extent. AS the
weather man promises a better week
coming. it is believed that business will
pick up and prove more satisfactory.
Salt Lake City is again one of the
foremost places in the United States
in the matter of bank clearings in
crease Bradstreet's weekly report
shows il to be second in the places
showing an Increase in the amount of
money handled. The percentage of in
crease is given as being 77.2 This per-
centage is exceeded by Seattle, which
place shows S2S per cent increase The
cause of Salt Lakes showing is the
same as it has been for the past sew
eral weeks-the immense amount of
construction being done in and around
the city.
A year ago there was, comparatively
speaking, little or no construction work
going on. Now millions are being spent
by great smelling and refning compa-
MES at the very doors of Salt Lake.
All the money used in this work passes
through Salt Lake banks, making the
clearing house swell to great proper
tons.
While IT is an undeniable fact that
Salt Lake is having a healthy business
growth, still this growth is not wholly
responsible for the showing made by
the banks. So long as the construction
work continues and the mines produce,
the bank clearings will be large, and all
merchants will be prosperous to the
very fullest extent. With the compile
ton of the great smelters, the bank
clearings will be a trifie less. This loss
will be made up, however, by the
amount of money paid out in wages to
the laborers employed in the finished
plants.
Money Market Firm.
The local money market is firm AMI
healthy. There is plenty of money in
banks for safe investment. Interest
rates are no higher than they have
been. The demand for money. especial
IN for farmers loans. is growing a lit
tie with the approach of spring. Bank
ers say that no matter what demands
may be made upon them, they will be
able to supply all wants.
During the past week realty brokers
have been kept busy. Several good
deals were contaminated and many
more are on the tapis The transfer Of
some property located just west of
Main street on Fourth South from F.
D. Gift 10 Aaron keyser, was made
last week. The consideration was S15.-
Geo cash. Real estate men say this
price shows the upward tendency of
prices for property located in the vicin-
ity of the pOstOffice. A year ago, it is
said $4,000 was asked for the same
property but there were no takers at
hat figure
Business realty is beginning to have
a demand equal almost to that of resi-
Dental property. There are under con-
tract or consideration several deals for
prominent corners and property located
N the heart of the business district. All
the realty under consideration will
bring prices 20 per cent in advance of
those asked for the same property one
year ago, according to brokers. It is
believed that the coming spring and