The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-18
INVESTORS FAVOR
MINING STOCKS
Quick Action Attracts Large
Following to AlIuring Brand
of Speculti0n.
MONEY RATES ADVANCED
GENERAL TRADE CONDITIONS
FULLY UP TO THE AVERAGE,

General trade conditions in Salt Lake
remain fully UP to the average with a
marked activity in certain lines as a
result of the sudden change in the
weather and a corresponding decrease
I'm business in others due to the same
cause
Money rates advanced point or two,
from to per cent being quoted on
ordinary commercial paper at thirty,
sixty and ninety days. There is plenty
of cash on hand. and large New York
reserves. Notwithstanding the rather
brisker demand than usual for money
locally. Merchants at this time have
comparatively little paper out, the bulk
of the loans made being to cattle and
sheep men and for crop moving pur-
poses, more especially sugar beets.
Stocks of all kinds are in brisk de-
nland and at probably no time in the
history of the state has so much money
found its way into mining investments
as is the case at present. The week s
transactions on the floor of the Salt
Lake stock and mining exchange have
been several times greater than the
corresponding week of last year, and
there Is no evidence OF any let up. Both
Nevada and Utah stocks have shared
small fortunes have been made by
lucky investors.
There is still a pronounced shortage
of labor IN nearly all lines, but the con-
dition is not so acute as few weeks
ago, and employers are consoling them
selves with the reflection that as soon
as cold weather puts a temporary stop
20 building operations, their troubles
will be at an end.
~ -, Ill
with regard to the smelter smoke nui-
sance is not without its effect on trade
but this is confined more particularly tC
specific lines, and locally has not beer
generally noticed as yet.
Real Estate Quiet.
The feature of the week in real estate
circles is the sale Of the property on tie
corner of Market and West Tempt,
streets, at present occupied by a dTus
store. to w. J. DooIey for somethinf
like $4,000. The purchase was made tol
investment purposes, and judging from
the way values have advanced in thi.
locality during the past year or so il i!
generally felt that the investment will
turn out a good one
There is still distinct shortage o.
desirable residence property. Many
houses are for sale at fancy figures
but the supply of modern four or five
room cottages is still quite inadeouat,
to take care of the demand Rental
are in almost as bad shape. and Will,
the building of houses must soon Civ,
way to the cold weather. there are stII
many of this class of houses going up
While there has been a steady I'D
vance in realty prices for some tim,
past, this is fully justified by the grow.
ing population of the city. ard the in
crease of manufacturing wholesale ant
jobbing in nearly all lines. The growth
has been healthy one and from yrcs
ent indications may be expected 10 keel
up Tor some time to come.
Building Trades Active.
Since the partial shut down of man,
OF the shelters, an added impetus bal
been given building operations Of al
kinds by reason of the greater 1uantit,
of brick which is now available for thi
purpose Salt Lake has suffered from
a shortage of brick for some month
now, owing largely to the inability O
the manufacturers to obtain labo
enough to load the product onto tn
cars. From 100000 TO 300, OOU brick ne
day are now being turned out by III
local yards a rate which the brick me-
say they are capable Of maintaining in
definitely. With the smelters out OF tn
feld this Is sufficient to take care Of tn
balance of the demand.
The lumber situation is CROWN
worse. There have been several raise
IN prices, and the shortage of cars 70
transportation from the mills to the Ia
cal yards is as great as ever. In som
lines the shortage amounts to a positiy
famine. and for the present at any rat
there IS nothing but temporary Ielie
in sight.
Builders hardware. carpenters tool.
ETC., are selling heavily. although
lull has been apparent during the pas
day or so, and this is expected to con
tinue as long as the present inclemen
condition of the weather lasts.
Wholesalers Are Busy.
The wholesale trade reports a heav-
weeks business. with more orders com
ing in in some lines than can be take1
care of. These are coming from al
over the state, and in addition bot
Nevada and Idaho are contributing ma
terially- Travelling men are going fur
Their afeld every day, and fresh terri
tory is being opened up all the time
The wisdom Of this policy is shown il
the increase In the volume of bushes
being done over the corresponding wee
of last year.