The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-25
TRADE SHOWING
GOOD LOCALLY
Mid-Week Holiday Does Not Hamper
the General Business as Was
Expected.
SPRING STOCKS ARRIVING
BAD WEATHER DRAWBACK TO
REALTY BROKERS.
SPRING STOCKS ARRIVING


exceeded the expectations Of merchants.
Although a holiday broke in the vol
ume done was larger than had been
looked for. Bank clearings show
marked increase. From ell quarters
come reports of better conditions pre-
vailing than for many weeks past.
George Rust, local manager for r. G.
Dun & Co, makes the following re-
port on general conditions in Salt Lake:
Business ger orally is of quite salts
factory character. and jObbeTs in dry
goods, notions. clothing, etc, are busy
tiIling orders for spring goods. Trade
IS also good in groceries, hardware,
cry.
'In retail dry goods, clothing, shoes,
etc, clearance sales are still the rule
and trade is good.
Collections are satisfactory and the
outlook is quite encouraging with an
ample water supply for the dry months
assured and heavy railway, smeIter and
mill construction work, which will en-
ploy vast number Of men, in progress
in this immediate vicinity
Money is in satisfactory supply and
demand, with little activity in local Sc
cUFities"
Weather Affects Realty Market.
Real estate brokers have been COM
planning a little during the past week
because of weather conditions The de-
mand for all classes Of property is good,
but on account of the storms of the
past few days the brokers have been
unable to show any realty to good ad-
vantage II was reported yesterday by
several Of the dealers that large deals
are brewing. One of these. il is said
will be closed Monday or Tuesday of
the present week. If the weather clears
real estate sales will pick up greatly
for the demand is heavy
Recently a visitor to Salt Lake said
after he had placed some of his capt.
tai in realty in the business section of
the city, I consider Salt Lake not
only one of the best but the best city
in the entire western country for real
estate investment. Prices are low for
all property. While the improvements
for the most part now standing in the
business section are not of the highest
order, still the values in the ground
are high. 1t will be but a short time
until property holders in Salt Lake will
begin making great improvements in
the buildings now standing. This will
send realty prices soaring. I am try
ing TO get in before the rush, and I
believe I shall profit well by so doing"
Residence property seems to be in the
greatest demand at the present time
There is great scarcity Of rentals
and brokers are having hard work
finding places for all the newcomers
in Salt Lake.
It has been rumOred that several
wholesale concerns will erect new
warehouses along the railroad tracks
within the coming quarter. At present
few of the larger concerns are supplied
with tTdckaEe property and ware
houses rcd n
carriage Of goods, which goes to make
profits smaller for the establishment
If the reports now being circulated is
true, a heavy demand for trackage
property VIII be the next in order for
the real estate brokers.
Much Building in Sight.
Dealers in hardware and building
materials report brisk business The
amount Of construction now going on
in Salt Lake is far ahead of what il
was a year ago Prices for all kinds Of
building materials. from lumber to
nails, are higher than at any time for
the past six months This has not
however. had any tendency to lessen
the amount of construction. Materials
for interior finishing are in great de-
mand at present. AS the weathe has
been bad for the past week, work on
interior construction has been some
what hampered. Builders have there
fore turned their attention to interior
finishing.
The local money market is about the
same as it has been for several weeks
past. Bank clearings are far greater
than for the same period last year. In
terest rates hover around five and six
per cent. The demand for money is
only medium
In the stock and bond market, brok-
eFs report greater activity than for
some time past. The market is firm
with a rising tendency. Increase in
business with a consequent increase in
dividends accounts for this condition.
Bank stocks of all classes are on the
upward movement. The greatest in
crease of any bank stock is shown by
that of the Deseret Savings ban -
which is bringing SO more per shs
than a week ago.
From reports received by local Of
fees Of the sugar factories, all records
will be broken during the coming sea-
son. Plans are being made for the
planting of greater crops than ever
before in the history of sugar beet Gull
tjvation in Utah and Idaho. It is said
that this will mean thousands of dol