Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-11-03
BUSINESS HERE
FOR PAST WEEK
II Has Been Very Fair With Fea-
lures About as Usual
Bank Clearing Better.
REAL ESTATE SITUATION.
Budding IL Improving Although Some
Material l. Becoming Rather Scarce
--Iictail Trade H. satisfactory.


The business situation for the past
week has been very fair on the whole
and presenting very much the same
features In gneral outline as the week
previous. The banking situation
shows no special changes. The clear
ings continue ahead in the aggregate,
of the corresponding week of the pre-
vious year. and the footings for tho
month Of September showed an In
crease OF nearly ss,000.000, a healthy
and encouraging sign. In banking the
Neek has been rather uneventful. with
rates OF interest practically the same,
and demands for loans light, with de-
posts holding their own, II not show
ing slight Increase. Merchants are
borrowing some to pay for Christmas
goods and IN settlement Of taxes. The
particular event Of the week IN state
financial circles, Is the maturing Of the
project for a national bank at Nephi,
which IS being engineered by Utah's
veteran bank president l.. S. Hills, Mr..
Hills judgment IN money matters Is
regarded as 30 sound that any finan-
cial move In which he may take an
active part IS considered at once as
JtIdicious and likely TO be profitable,
IN REAL ESTATE.
The real estate situation Is becom-
ing llyalier. Investors are now look
Ing into acreage properties, with n
view 10 future suburban divisions and
subdivisions, and urban properties are
being bought up for holding where II
Is believed developments may be made
near by in the not distant future The
purchase OF the we'll known John @.
Anderson residence at Ninth East and
South Temple streets, for $4,000. This
has been considered one OF the most
desirable residence properties IN the
city and was occupied by Perry Heath
during his last residence here. The
wreckage created by the falling OF
frees during the late great wind
storm has been cleared up. and dam.
age to houses over the city repaired.
Real estate dealers are expecting
rapid turning over OF realities during
the coming winter season. with a cor
lrespondingly rapid aocretion OF COM
missions, so that tenants occupying
rented houses are liable to lead
strenuous life, a. their temporary
homes are sold over their heads. and
they are kept steadily on the move.
This, however, Is q good thing for the
moving van people as we'll as the real
estate dealer. 80 that It is an III wind
that does not do some one good,
albeit the poor tenant is caught be-
tween the upper and lower milsones.
The man who owns his home Is the
happy man this season.
SUMMER RESIDENCES.
Dealers are looking toward the new
GARFIELD settlements as showing indi-
rati0ns of a real estate boom, especi-
ally AZ II Will be now a matter of
only q few months before rapid transit
railway connections are made be-
tween the city proper and the point
or the mountain, with frequent car
service all the year round. Several
realty men were talking the situation
over this morning. and expressed the
heller that not few wealthy citizens
would build summer residences along
tho beaches. and in fact live out
there most of the year, coming into
tho city every morning for business,
Just as suburban residents of the large
cities do.
One undesirable feature OF the busi-
ness at present Is the uncertainty Of
dealing with property owners Deal
,rs report that II ~ no uncommon
thing TO get what Ia understood TO ba
n selling price and when the time
comes to close the bargain, 10 Anu
the owner has raised the price 10 in
clude costs OF public betterments This
often so irritatos the prospective pur-
chaser that he quits then and there,
The property n not sold and, the deal
err does not get his little commission.
soMB MATERIAL SCARCE.
The building situation is improving,
as Tar as brick are concerned, though
certain Kinds of lumber and structural
htecl are now becoming scarce. In fact
ihe uncertainties In building under pres
ent conditions are somewhat dIscour-
aging. owing TO the time OF
year, contractors and builders are
pushing along with all possible speed
to close In open structures so that the
finishing may be continued more
1eisurely when interiors are protected
from the weather. II has certainly
been great year for building IN Salt
Take, and when the annual record IL
made of the total humber OF building
permits issued during the current year.
The showing Is expected TO surpass all
other records Tho brick men report
now being only 30 days behind their or
ders. and creeping UP, They would
make better progress but for the con-
tlnued scarcity Of teams and men. The
farmers are using their teams on farm
work al present, hut later on these
teams will be at leisure and can then
be secured for hauling In town. The
emelters are still calling for brick. but
Tho demand Is not so stiff as It was. A
prominent brick maker said today. that
at the opening of the season, II was not
thought that the smeltera would call
for over 100000 brick whereas they
had used up already 100000. and will
have 10 have several millions more. II
81 estimated that the aggregate output
of the Salt Lake county yards is half u
million brick per day, "a much. II IL
claimed, as would be required 20 re-
produce the Convey fats or the Emery
Holmes apartment house. II is aasur-
ing TO know that the shelters will be
rbou' through when the demand comes
for the new west side plants OF the
Utah Gas x Coke company and the Salt
lake Public Service company, the VIA
duct construction, and the great pas
senger stations of the Hartman and