Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-04-28
UTAH BUSINESS
HAS BEEN HURT.
Coast Disaster Reduces Bank
Clearings and Affects
Trade Volume
LIGHT WEEK IN DRY GOODS.
Comparative Inactivity In Realty
Market Though Indications Are
For Better Business.

Local banking men and merchants
did not believe a week ago that the
San Francisco disaster would have
more than slight, and at most tenn
porary effect an the Salt Lake COM
mercial world. But events since then
developed that the local markets have
suffered In the way of falling off
OF business in number of lines. The
banks have felt 1t, and the end OF this
week shows a marked falling off IN
Clearing House transactions. To be
sure the totals are away ahead Of what
they were one year ago, but they have
shrunk considerably as compared with
what they were a month ago. However,
The banks are doing a good business
and there is fair demand for loans,
and with the subsistence Of the excite
nent over affairs In California, 1t IL
believed the usual volume Of business
In this city and state will be resumed.
The dry goods men report week UNI
expectedly light, and attribute 1t to the
San Francisco situation. At the same
time they claim that business Is fully
l6 per cent heavier than during the
same week last year. Purchasing Is
hardly more than fair in the various
departments, and the weather is hardly
warm enough yet for the sale of sum-
mer wear. However, there is consider
able purchasing OF hosiery and ready
made clothes, the mildest of the present
weather being an encouragement for
investment In spring suits. With that
optimistic tendency which seems char
.l..l- n. - 49, H.
the local dry goods trade is Inclined to
look on the bright side, end expect bet
ter things next week. The millinery
trade has been comparatively quiet, due
largely to the stormy weather, but with
the return OF clear and open skies,
trade Is expected 20 spring up In good
shape the coming week.
REAL ESTATE INACTIVE.
The real. estate men have done prac-
tically nothing this week. on account
OF the public attention being drawn
TO the Pacific coast, The only feature
OF the week was the closing up Of the
sale Of the s. S. Walker residence
property on south Main street to out
side purchasers who made It as an in
vestment, and In the course of year
expect to tear down the old residence
and erect some kind OF Il business
structure there. The chances are that
IN few years the entire series of
Walker properties down there VIII be
torn down and the street devoted to
business purposes, on account of the
location In that immediate vicinity OF
the Federal building
But real estate men say there are
deals In prospect which will enliven
the local market In good shape with
in week or 10 days. so they are not
feeling downcast any. Moreover,
many investors who would otherwise
have gone to the coast. will now give
special attention to Salt Lake realities.
SHOE BUSINESS GOOD.
Sloe men report business for the
past week as 40 and so per cent better
than II was year ago in the matter
OF retail sales. Wholesale prices con-
tinue very stiff on account OF the hiUh
prices of hides and labor. and It is
doubtful II retail prices will fan again
TO what they were six months ago.
However. a number Of local stores Will
have their. annual May sales pretty
soon, and for week the public will
have chance to buy at reduced rates.
HARDWARE AND LUMBER.
Inc 0bJuNuIt men iFHbil
hardware as Just beginning to move in
such quantities as TO indicate be-
ginning In good earnest of local build
Ing operations for the coming season.
There Is a steady demand for garden
tools, hose, and farming machinery,
used always at this period OF the year,
and there Is n good demand for shelf
hardware. A steady call Is reported
for linoleums and oil cloths generally,
and kitchen furniture and fixtures.
The lumbermen report a scarcity OF
cars as there Is a rush In the direc-
ton OF San Francisco, and cars for the
lumber carrying trade are not to be
had In the number desired. Both tho
lumber and the iron and steel trades
recognize that for some time the con"
sumption at San Francisco will be
enormous, and the rest Of the west Will
have to wait and get their orders filed
as best they can