The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-04-01

would be the result. They say that
real estate values will rise rapidly and
Salt Lake will be in size. one of the
largest cities west of Chicago in less
than ten years.
The Rowan Announcement.
The announcement of r. A Rowan.
published exclusively iii The Herald,
during the past week to the effect
that he will within three months begin
the construction of a modern office
building, is taken by some as an indi-
cation that State street property will
shortly undergo boom. The building
to be erected by Mr.. Rowan will be
one of the first office structures for
State street How successful it will
be from the investors standpoint re-
mains to be seen.
Real estate dealers report an active
week filled with small sales well dis
tributed all over the city. Residence
property has been the best seller The
visit of Henry Phipps has caused some
lively inquiry into prices of business
real estate, but no important deals
were cOnsummated.
Bank CIearings
In the matter of clearing house In
crease, Salt Lake stands fourth this
week. For several weeks past this
city has shown an increase exceeded
only by Seattle. Just what the cause
place cannot be told by bankers. They
state that money is in good demand at
good interest rates. The advent of the
wool buyers into the local market has
caused many inquiries for capital
Owing to the high rates of interest
OF gi1t-edged security prevailing in
New York and other great money cen
ters interest rates locally have been
advanced from an average of 6 per
cent to between and per cent. The
class of security offered is the same as
heretofore, however.
Civic Improvements.
Civic improvements seem to be the
order of the day. During the past
week one large and one small league
having for their principal object the
beautifying of the city have been or
ganized. Those behind the organiza-
tions state that the civic Improvement
movement now we'll under way here
viii have a direct tendency to make
business conditions better than ever
before
Probably the greatest benefciaries
from this movement will be the real
estate men. 1t is a weIl-knOWn fact
that wherever a city is improved by
handsome streets and fine residence
districts the sale of property is easier
thar in cities not possessing these i'm
proVements. The effect of real estate
transactions has. of course. an indirect
effect upon all other lines of business
principal among these being the bank
ing interests. What the outcome of
this movement from a commercial
standpoint of view will be, is largely
a matter of conjecture.
Dry Goods and Clothing.
Dry goods and clothing merchants
report a good week. The tendency in
" hClesale markets is toward a decline
in prices. This is said to be due to
desire on the part of some of the mills
to unload small surplus stock As
most of the local retail merchants
have already bought their stocks for
the spring and summer. this condition
is of little benefit to Salt Lake buyers.
The prevailing patterns for the COM
ing season i'm dry goods will be what in
the vernacular is called loud Plaids
and Startlingly dotted fabrics of all
kinds will be the vogue. These. so far
IS shown. have found sale already.
Hardware and lumber dealers are
not beginning to feel the full effect of
spring trade. The weather is still
little uncertain for the beginning of
any large amount of building. Lum-
Der men state that lack of adequate
railroad facilities has greatly ham
pered the receipts of any large ship
ments OF their product
Stocks and Bonds.
Commercial stocks and bonds con-
tinue rather quiet. Bonds and bank
stocks remain about stationery in
price with little demand.
AS the dividend period is so close at
hand for most stocks. owners of divi-
dend-pa s-ers are holding on to them