Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-02-17
BUSINESS AND
TRADE REVIEW.
nah Savings & Trust Company's
plo Increase Of Capital Stock
During the Week.
RESIDENCE PROPERTY TREND.
.,apts Putting In Spring Stocks
AMI plsposlng OF Winter Goods
Architects Getting Busy,

,seks business in some lines
ot been as brisk as could have
n@ desired on account OF the bad
w. .,hsr. but the improved meteorologi-
condltlons of the last two days
ave given an impetus to the coming
Ds .s which will surely be felt for good.
,,osi banking men report the weeks
,soctions as within normal and rou-
'ne limits, with the exception Of the
sdinirned annual meeting of the Utah
sayings 4 Trust company. which chose
,,actors and Increased the capital
',ock rom $4,000 TO 100000. This win
arabls the bank to enlarge the sphere
n rs operations, particularly In the
matter Of erecting It's proposed new and
sandstone building on Main street be-
,ueop Second and Third South streets,
an the Buckle property.
Tbo Clearing House transactions are
.,iov lowered from the abnormal alti-
,,de due 90 continuance OF the unset
|sd balances to more legitimate figures,
,Sohgh one ca shier remarked today,
,Sat the comparisons with last year.
'rors fair enough with these balances
Ggrred IN. az the same style OF doing
things obtained then as In the recent
nsst Bank deposits continue TO In
Srsase and the demand for money
moderate, Nlth interest rates at 6 and 8
per cent.
RESIDENCE PROPERTY INQUIRY.
The real estate market, while COM
naratiyely quiet the past week. has
developed so dealers report, a rather
strong residence property trend, and
Inquiries for the present are In that dl-
rect.on. One eastern party has deal
on for quite a large unimproyed lot on
east South Temple street, and II sue
cesslul In securing II at reasonable
price, he proposes to eXpend 100000 in
Improvements there. In fact not a few
outside investors have concluded that
Salt Lake presents excellent opportu-
nifty for the erection OF residence prop
critics. and intend taking advantage OF
H.
Tenants are hoping that the invest
men. VIII De very extended, that rents
may be kept down within reasonable
limits There is considerable complaint
about the tendency to high rents in Salt
Lake and a prominent First South
street grocer claims that the high price
Of PROVISIONS here, and living generally
ore due ~ no small measure to high
re'tals This he instanced by stating
he vas forces 90 pay $3.50 per month
rent for bis premises, whereas they are
worth nothing Ike this amount. a
boom would send rents skyhigh, II is
claimed, and therefore Il is hoped a
boom win not come.
Real estate dealers seem an very
hopeful have been ever since the To-
cal railroad developments assumed so
certain and important phase, and
look for an carly extension OF the cor
polate limits westward.
DRY GOODS HOUSES.
While the muddy condition OF the
roads had hurt the dry goods trade,
some reports show business as very
fair ana better on the whole than last
year For the first time, spring goods
are being Sold Show windows are be-
ing filled out with very attractive
spring stock IN varied colors. STYLES and
patterns and AZ prices which, Il Is said
viii enable everybody TO buy. 1T Is
Interesting 70 note that there viii be
no further advance IN the price of ging-
hams and cottons generally Glove
sales are light, purchases being mostly
for street wear, and feature In this
market is the making OF gauntlets and
the gloves proper separate, 80 that
they can be worn together or not as the
owner may elect Ladies' suits and
sultlngs are being received by the To-