The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-07-29
INCREASE IN ALL
LINES Of TRADE
Volume of Business Breaks All
Records for Month
of July.
MERCHANTS ASTONISHED
AT DEMAND FOR GOODS
Real Estate Market Is Active,
Despite the Very Hot
Weather.

An astonishing increase in all lines OF
trade over the corresponding period OF
last year is reported by Salt Lake ousi-
ness men for the week just ended. AT
this season rather dull trade is gener-
ally anticipated. but. contrary to all eX-
pectntions, the volume OF transactions
has been exceptionally heavy.
One prominent merchant said yester-
day that not only had his business In
creased, but that the cash purchases
were surprisingly large and that the re-
quests for credit were few, which goes
to show that money Is In free circula-
ton.
factory condition OF trade, and In some
cases the men employed have been taxed
to their utmost to flll orders which haYe
been steadily pouring in.
The money market is reported In a
very healthy condition, and collections
are being made with little II any alln-
Guilty.
Demand for Houses.
Real estate men are in a quandary as
to supplying houses for the rapidly grow
Ing army of tenants. 1t is stated that
there Is not vacant habitable dwelling
in Salt Lake, while every day the demand
for homes is increasing,
Transactions in real estate are growing
in volume and size OF individual pur-
chases, Attracted by the favorable con-
ditions now existing In this city, buyers
from out of town are loading up with
Salt Lake realty, one Los Angeles firm
having recently bought a block Of ground
in the western part of the city for
s24 1000. Another man from the City OF
Angels last week purchased 13o feet or
ground on Main street, but the price paid
for the lot has not been mentioned.
Many building lots are being sold In
1,rt,, .li@ tt.,. &c a,N1 1na q
that he is daily In receipt Of inquiries
for particulars concerning suburban
property.
Material Is Needed.
The demand for building material Is so
great that dealers are rushed in filling
orders. Owing to the vast amount OF
brick required in building smelters IN
this vicinity, there is a famine in that
class of material, with no present signs
Of relief.
Several new business buildings are be-
ing started and others are in course of
completion,
P Mulrooney OF Denver is excavating
on South State street for a one-story
building, which Will contain seven store
rooms, The foundations and basement
are being prepared for six-story struc-
ture.
The I. X. L. Furniture company's $780,
900 building on Third South street Is
rapidly nearing completion.
William Meyers broke ground yester-
day for a three~story business building
on Third South street to cost $4,000.
Walter Payne has begun the erection
OF a three story business block on Third
South street,
J. j. DAILY has started three story ad-
dition TO the Telluride hotel building.
The hotel will be thoroughly remodeled
and many improvements will be added.
Real Estate Situation.
In reviewing tho real estate situation
a prominent dealer stated that
the market is more active than 1t has
been in the past fifteen years. and that
more strangers are coming in TO rent
and buy homes than has been the case
In several years past
In spite of the fact that banks are
loaded down with money, Salt Lake brok-
ers report @ stagnant condition of the
stock market. Various reasons are nd-
vanced for this condition OF affairs, the
one most readily accepted being that In
vestors are holding on to their funds on
account OF the uneasy feeling In the
Eastern markets due to European con-
ditions, and to the continuation of high
rates for money in New York
Brokers report that the best demand
at present exists for Utah Sugar bonds,
interest on which is payable September