The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-16

General business conditions In and /
around Salt Lake were perhaps never
better than at present. The week just
ended has not been characterized by par
ticular activity in any one line, but
general undercurrent OF prosperity is APP
parent in nearly all lines. Banks report
money in brisk demand at thirty. sixty |
and ninety days. with plenty Of cash |
TO take care Of It. Rates on commercial
paper remain uniform at seven to eight
per cent. and there is every evidence OF
continuance of the present era of pros
perity.
Real Estate.
The realty market for the week has
been quiet, such transfers as have taken |
place being for the most part small, "A
number of large deals are pending. how
ever, many of which will be closed up |
during the coming six days. The demand |
for houses and flats is still far in excess 1
OF the supply. notwithstanding the num- |
bers of dwellings which are being COM |
pleted almost daily. Applications for
houses on rental are being received at
the rate of dozens for every available |
house and the present cold snap APP |
pears 10 have. accelerated rather than
diminished the demand. There are of
course. a number of large houses of |
fered for rent but there is practically |
nothing available up to $50 or $25 per
month.
6ulIulnY lTducS.
The demand for building material in |
all lines remained brisk and dealers re- !
port a heavy weeks business. The brick !
market is now comparatively easy and |
contractors are making every effort to
finish buildings now in course Of con-
struction with as little delay as possible
on account OF both the coming cold
weather and the brisk demand now pre-
Vailing.
Wholesale.
The growing demand for home products
OF all kinds is seen TO advantage in the
heaVy demand being levied on wholesalers
IN all lines. The case Is cited OF a we'll
known local drug supply house which for
Years made little or no effort to obtain
business outside of Salt Lake and one
or two adjoining counties. and which
during the past few months has increased
Its business to such an extent as TO
shortly render larger quarters an absO-
lutte necessity. This increased demand
obtains not only I'm Utah but throughout
Idaho and Nevada as well. particularly
in the latter state. This outside activity
has bad the effect of bringing to the
attention OF the local business men as
never before the advantages to be gained
from going after business in the state
10 the west. That they are doing II.
growing business nearly all are expert
encins. Prices in both staple and fancy
lines were practically unchanged during
the past week.
Commission Houses.
Potatoes were perhaps the feature of the
market for the week. the demand being
considerably greater than the supply. the
or - cents per bushel. This is consider
ably higher than last week with the gen
eral tendency still upward. The recent
wet weather. together with the demands
which are being made upon farmers by
the canneries for nearly everything eX-
cept potatoes, is regarded as largely re-
sponsible for present conditions. The
peach crop is in excellent shape. the week
Just ended having seen the shipment of
over one hundred cars of Albertas out OF
Brigham City alone Tomatoes are still
scarce: the quotations running all the
way from 80 cents to $50 per bushel
and the demand increasing steadily. Dur
ing the early part of the week tomatoes
were offered freely at from 50 TO 70 cents
Butter and eggs experienced a slight adj
vance. the latter now selling at $3.50 to
s. per case
Fish and Poultry.
The lobster market is now on and local
dealers havee already placed orders for
large quantities. none OF which however
have yet reached the local market. Grabs
VII remain out ef season for the next
general advance of about one cent
pound I'm poultry and the price Is still
stiffening- The scarcity is pronounced in
both the Utah product and easterns.
Retail.
The demand is brisk i'm dry goods and
boots and shoes owing largely to weather
conditions Shelves are now well filled
with winter goods, and large variety i'm
styles is offered. The demand for quilts
and bedding is on the increase, while boot
and shoe dealers report record week
Ihe clothing market is also strong with
lair sprinkling OF orders of waterproofs
and overcoats.
Local Stocks.
Now that the dividend notices for the
month are beginning to appear there is
brisk market for local stocks in gen.
eraL Utah Sugar preferred is again quot
ed at par after several months of fluc-
tuS ton between 50 90 and ~ 49, and several
large blocks changed hands during the
week at SO Utah common has also ad
Nanced 20 S2.S with sharp demand for
the Idahos at current prices. The en-
ccuraginS reports regarding the beet crop.
however. are having the effect Of making
holders unwilling to sell, while rumors
OF settlement of the sugar war ON the |
coast are also contributing To the stiff |
fening Of the price of these stocks. The !
ltome Fire Insurance company has de- !
clared its regular dividend of per cent |
With an extra per cent payable October |
At recent meeting of the board of
directors II was decided TO enter the state |
OF Arizona. the withdrawal from this field l
OF 4 number of eastern companies having !
created an opportunity for the transaction |
c. fair amount OF business.
Commercial stock Quotations.
Following are the quotations for the |
week local commercial stocks and
bends:
Amslgamated Sugar Co. preferred SOL % |
Common .......................... 17S % |
Beneficial Life Insurance Co .. IS 90 |
Barnes Banking Co. kaysville m 100 90 !
Con. Wagon e. Machine Co pfd.... 119 90 !
Common OBSERVATION-DISCLOSURES Of 90 !
Commercial National bank ........ 1870 90 !
Deseret National bank .............. 2g4 % !
Deseret Savings bank. ...............4 49, 90 |
Davis County bank. Pennington. .... rs 90 |
First National bank. Ogden. ........ 80 % |
First National bank Murray.., 100 90 !
First National bank. Logan 1870 Oc !
Home Fire Insurance Co............ 1860 |
Lewiston Sugar Co..................... II 90 |
Lehi Commercial & Savings bank. 126 90
National Bank Of the Republic. i45 %
ogden Savings bank. ................ 225 % !
Provo Commercial x Savings bank 1f9 90
Rocky Mountain Bell Telephone Co 81 90
Silver Bros. Iron Works Co .... 1O0 60 |
state Bank Of Utah. ZOE o.