The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-08-05
BUSINESS GOOD
DURING WEEK
July Excellent Month in All
Lines in Spite of Hot
Weather.
REAL ESTATE ACTIVE
WHOLESALE TRADE FLOURISH
ING IN ALL LINES.
REAL ESTATE ACTIVE

time of year This is especially true
of the wholesale lines, in all of which
travelling men report sales for the fall
Of the grip have taken hold Of the Ne
vada territory this year as never be-
Tore, and according TO a local wholesale
grocer a great business is being done
ia that line.
There is the usual seasonable tight
ness in the mOney market. the spare
money being required TO move the
crops. This is general all ever the
country, and Salt Lake is feeling its
share of it. Collections are good and
call money Is reported fairly easy AL
together conditions are better than ever
before at the time of year. July was
good month in all lines in spite of hot
weather. Crop reports in Utah are
highly favorable. and it is expected that
August and September will be far i'll
advance in general business of any pre-
ceding year.
Real Estate Market Good.
While not many large deals have been
recorded among the real estate men
during the week, according to one Of
the leading dealers business IL the last
year was never better. The marked
feature Of the week was suburban
property buying. some OF this by Mon
tdna men. 4 good demand has been
created for suburban property and the
result has been . fix better prices
There is really a great demand for
small residences and good prevailing
prices. Real estate men generally say
mat they LOOK for a better and firmer
business this fall than ever before.
The Real Estate association Will shortly
be established in its new quarters in
the Swan building, on Third South
street, when a greater activity on the
part of the association is looked for.
A number Of large deals are in prog
,ess which may be closed this week.
Building Material High.
There is a great deal of building go
ing on all over the city, though it is
more noticeable in business districts.
For instance, along two blocks on Third
South street over $685., 600 is being spent
n improvements. These include an adj
dition To the Walker department store
Of over 100000; a building fer which
ground has been brewer this week TO
be put up by ]. e. Paine next TO the
,ireenewald Furniture company, TO cost
s25,0C0: The Swan building, almost COM
pleted costing $4,000; improvements
begun 10 the Telluride block amount
ing to $4,000; the building being erected
by P. A. Sorensen, to cost $40 900; and
The building of Albert Mayors, which
will cost $4,000 These are but few
nf many Improvements going on near
the center of the business district.
That there would be much more
building If the price of material was
within reason is IndOubted. The
scarcity of brick is holding up many
buildings. Added to IL is is the I'M
wonted increase in the price OF lumber,
which has had a retarding effect all
summer. A prominent real estate man
said that if building material is rea-
sonably plentiful this fall would wit
ness more buildings begun in Salt Lake
than ever before. He said that there
is now a scarcity of small residences
and flats and that for the first time
since he began business he had not a
single fiat or residence to let 10 adver-
tise in the Sunday papers. Rentals are
advancing already and there is now a
proposition among the owners OF fiat
buildings to advance rents Of small flats
from 10 TO 20 pc cent.
There is possibility that the scarcity
of brick may lead to good results. Some
eastern firms ere looking INTO the Sltua-
ton here and may enter the field either
TO supply the market from the east or
to enter into the manufacture of build
ing materials.
Hardware Falling Off.
The hardware business is suffering
from the scarcity of building material
and the consequent holding up of pur-
chases in this line. For railroad and
mining supplies there is a strong de-
mand, and though the trade is at pres
ent suffering from some adverse condi-
tons, good business for the fall sea-
son is looked for.
Wholesale Groceries.
The wholesale grocery business was
never better at this season. according
TO the leading firms. All the Salt Lake
houses are pushing out into new ter