Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-29
Bank CIearlngs Which Are Low
For Two Days Make a
Record for Week.
REALTY DEALS LAG BEHIND.
Christmas Business Rush the Greatest
In the History OF the City
situation Reviewed


lines more or less connected with the
festivities of the season. Banking Is
,eported as without sensational fea-
tures with the general characteristics
about the same as the previous week.
only the inflow and the outflow Of
money over the tellers' counters were
considerably in excess OF previous rec
ords. For two days. the clearings have
fallen behind the figures of the same
dates Of last year, but measured by
The week, there Is a comfortable IN
crease.
The last confidential Wall street let
Ter received in this city dated Mon
dav says; Last week saw very sharp
declines IN some of the principal stocks
In the market, The declines started
with the announcement Of the Chicago,
Milwaukee & St. Paul road that II
would issue slO0,000,00O new stock.
There were conditions attached to the
proposed new issue which caused an
uneasy feeling throughout Wall street.
on Thursday and Friday there was a
considerable rally but on Saturday,
on the announcement of the suspension
of a stock exchange Arm, which had
been doing fairly extensive business,
the market fell off heavily again, the
principal declines being In the Hill
shares. Reading, Union Pacific, Cana
dian Pacific Amalgamated Copper,
American Smelling s. Rehning COM
pany, etc. Railroad earnings continue
10 be very large, and the business situ-
alton Is practically unchanged"
REAL ESTATE AND BUILDING.
The realty dealers have been taking
n sort OF ay-on this week. as they
have been too busy with Christmas
festivities TO give much serious thought
IN business There have been a few
transfers of fair size, but most OF !
them were moderate in amounts, amy
the big transactions over which IKE
morning papers have INDUCED " 80
much growing, are yet to be recorded,
The building trades are reported
practically at a standstill, tThe Weath-
er Is favorable toward building opera
tons. but contractors ere not taking
chances on starting out, with the pos
slbility OF the weather changing from
fair to stormy The brick men con-
tinue catching up on their orders, and
feel much encouraged at the outlook
which promises easy filling Of orders
when spnllg fairly opens, and active
building operations are resumed.
CHRISTMAS GIFT RUSH.
The trades which profit by the adj
vent of tho holidays, did the heaviest
business in local history The jewelry
stores enjoyed a very heavy trade,
which served as an illustration of the
good times. one jewelpy establishment
taking IT, Il Is stated $4,000 on the
day preceding Christmas, The deal
ers i'm fancy notions, toys, candy, etc.
had really more than they or their
yyorn-out clerks could attend to. and
n was 1890 Christmas morning, be-
fore closing up really began. Dealers
I'M pictures report remarkably heaVy
sales. Main street was regular Jam
saturday and Monday nights so tnat
anything like rapidly In locomotlon
was impossible, unless one TOOK inc
middle Of the street,
EXPREssAGE WAS HEAVY.
Tos express companies did the heav.
lest busln,.ss in their history during
the week, the two handling together
100000 Christmt-A packages alone;
aside from the regular commercial
traffic. Fortunately the conditions
obtaining were all fevosable for rapid
handling Of all business ofNersd, there
was no congested railway traffic. the
number Of employees was Increased 10
correspond Will AHt NNAheiAHf W
occasion, and with the ending OF the
holidays, the express oompanlesl find
themselves with their racks and coNn-
tiers cleaned up
The Salt Lake postofiioe is similarly
situated, with all the great Chrlstmaf
traffic finished up. In fact, the day |
following Christmas, the regular Office
force was handling the mails as tast
as they arrived, although the amount
of matter that passed through tho OF
fee far exceeded all previous RECORDS.
The increase In the force OF clerks ana
carriers, and systemaJe work accom-"
plished this
WHOLESALE DRY GOODS.
Tho Wholesale dry goods trade il
concerned these days mostly about
the cotton market which presents some
peculiar features. COttons are scarce
and high, owing 10 the enormous con-
sumption, the scarcity OF labor, and
the inability Of the factories TO I'LL
their orders Four yard and lighter
Weights are especially scarce, The
incoming cotton crop Is estimated az
l2.500,0 bales, of 500 pounds To the
bale as the government has reduced
the Size IN its estimates to that figure
from 525 pounds. JObbers say II will
take all Of 12,000000 bales 10 supply
the demand. Everybody Is looking TO
Texas for good cotton, as the crop
there has proven a remarkable sue
cess, Ellis county alone turning out
l25.000 TO $4,000 bales OF superior
stock II Is estimated that the results
of the sale of cotton In that shire
win amount TO $40 per capita for its
inhabitants Print goods are reported
higher and higher. selling az 4 cents
IN E.ll n a
away out Of sight, manufacturers hav-
ing put up prices TO really prohibit
tive point as they are so far behind
on their orders that they do not want
70 receive any more for long time.
In consequence. Irish linen damasks
are up from 10 to 30 per cent.
IN RETAIL LINES.
The retail dry goods trade Is taking
Inventory, after the holiday trade
which has beat all records; but at the
same time business is reported as
more steady and good than could ever
De expected for the last Of the Christ
mas week. The rush and the crush
ON Monday. up to midnight, was un-
Irecedented. and wore the clerks out
lhey We're glad enough to rest on
tuesday, when the stores were closed
inc present demand Is along general
lines Of staple goods. Dealers report
The glove supply as now equal TO the
demand.
HARDWARE UNPRECEDENTED.
The hardware men are stlll busy and
report the heaviest week IN the history
OF the trade. Purchasers are after the
best quality OF goods, without special
regard to price. The demand for roller
skates has been largely supplied: bur
mere Is an increasing demand for the
heavier goods, nOtlceably mining ma
cnlnery; while Sales Agent ]. +. Grant
OF the Trust reports unprecedented de-
mands for barbed, telegraph, electric
wire and wire nails. There is n steady
ana healthy demand In all lines OF sta
PIE goods. and as to harnesses, II Is Just