Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-22
Christmas Present Habit Results
In Big Business Along
Several Lines.
REAL ESTATE MARKET STRONG
Rig Demand for Apartment Houses
which FIJI Quickly After They
Arc In Readiness.


,be local demand for money improved
owing 10 heavy payments by corpora
,,ons to help and rates have had
tendency to stiffen. The usual confden-
,ial Wall street letter received here
weekly says; Among the many I'M
no,tant developments, the Investigation
~ the government into the Hartman
,.oads the advance of call money rates,
and the announcement by the secretary
~ Tho treasury that the coupons matur-
mg in January and May on all gov
Eminent bonds would be anticipated,
mis- relief amounting to nearly si-,oVV,-
600. Ii was regretted that the presiuent
aid not take more decided stand as
IN currency reform, and that he did not
mention with q single word, the plan
recommended by the commission OF
bankers In Washington. A sensation
was caused by the failure of the Gug-
eenheim interests TO exercise their OPP
lion TO purchase a large interest In the
N,pissing Mines Co. stock, an action
moi quite explained as yet, but 1t VIII
undoubtedly have a salutary erect,
which was needed TO put damper on
The craze for speculation In mining
stocks, which was assuming undeslra-
bic proportions. In spite OF the expec-
tation that high money VIII rule
throughout this month and the Begin
ming OF next month, leading financial
interests are not bearish on the mar
ket The latest federal tax on corpora
lions has hurt sentiment particularly
the proposed investigation of the Har-
rlman roads" The local bank clearings
continue to soar away ahead or the flg-
ures for the same period In the previous
wear. and the volume Of local business
is steadily increasing.
REAL. ESTATE MARKET.
The real estate market has resumed
It's normal condition, and there is
steady increase of inquiry and some
important purchases have been made.
But a number of realty dealers say
the tendency OF the morning press has
been to publish what are only option
deals and some of which may fall
through, as bona fide transfers, the
values of the properties being given as
prices actually paid. A glance of the |
transfer records tends TO corroborate
this. The strong move toward the south |
part of the city, was in measure coun- |
teracted this week by purchases just |
completed north of McCornicks bank, |
and there Is no evidence to show that |
Main street north of Second South |
street Is any real sufferer by the heavy |
investments 10 the south.
APARTMENT HOUSE TALK.
The air Is full of apartment house
talk and propositions some OF which are
stable and some are not. But II Is evil |
dent that when spring opens such |
number of this class establishment |
will be started as to entirely relieve |
the pressure on tenanted houses, and |
effectually shut off all attempts to raise
rents These apartment houses accom-
modate large numbers of families, and
are found such q convenience that not a
few families owning their residences, but
troubled with the servant girl sys-
tenn" have moved into them-and more
propose doing so when the opportunity
Il offered What effect this will have
on building residence properties for sale
and 10 rent will be watched with inter-
est.
The Real Estate association, at its
last meeting, was asked to endorse the
action of the NJ. & NJ. association in
moving for the appointment OF a state
railroad commission; but declined 70
do so. and will likely define its position
IN this matter later. The general out
look Is one Of encouragement for the
trade.
WITH THE BRICK MEN,
The brick men are feeling easier, as
the time OF year has greatly reduced
the number of orders. thus giving them
opportunity to fill all back orders and
make the beginning of storage for
stock. prominent brick man states
the Kaysville yards will be turning
out 10000 brick daily In the spring,
the Hatch yards at Woods Cross l20,-
GOO; the Improved Brick company, no.
coo, and the Salt Lake Brick company
225,O00; making neat output of &c.
600 brick day. There ought to be
no brick famine next year, no matter
what the smelters may do Very little
Is doing in house construction, except
ing in the way of cellar excavation and
setting of cellar walls.
WHOLESALE GRoCERs.
The wholesale srocers have found
themselves greatly hampered by the
railway freight congestion; but for
tunately this has been so cleared up
that most of the delayed goods have
been received and are being distributed
among the jobbers and retailers. The
jobbers report the canning factories
rather up against 1t for boxes so that
some Gamers have contented them
selves with shipping their goods In
light Grating which viii do for COM
paratlvely short distances. One local
factory discovered recently that a car
load OF box lumber II had been trying
TO trace all over the west. was at Dem
yer consigned to the wrong party. But
there are indications that the box
lumber famine will shortly come TO
an end The retail grocery trade is
doing a land Office business. and en-
ployers and employees are working hard
and long. They are having a siren
uous time of It,
IN DRY GOODS LINE.
The wholesale dry goods trade is en-
gagged In getting out samples for It's
travelling men, and is doing little else
except attending to recorders along
general spring lines. Jobbers are Won
dering how consumers are going to take
hIold OF the new price levels and pay
IA cents for what they have been pay
fng 10 cents; and Is cents for what was
formerly charged 1914 cents. This Is
lnstanced In Hope Bleach and Fruit OF
the Loom cottons, respectively. East ,
ein mills are reported as little affected {
ny the fluctuations In cotton, as they
are all oversold far into next year,
and are not worrying over prices. The
10Y trade seems 10 be part of the dry
goods trade now. and jobbers report
an llnmense business this fall and win
Ter the heaviest, In fact the trade ever :
experienced. a
.es retail trade Is rushed to death"
WIN people crowding In from all d. |,
reetlons and spending money without :
sunt Dealers say trade Is 20 per cent h
DETER this Christmas season than last
year and people are buying In so many
directions and In such prodigalty that
~ N uliiicult TO distinguish az TO ar a
scles for which there is any special >
demand, beyond stating that any ar
.lcles likely TO make a good Christmas :
present are being rapidly picked up, =
mere Is complaint from dealers OF /
sSarclty OF the finer grade of gauntlet