The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-04-15
TRADE OF WEEK
ABOVE AVERAGE
Nearly All Lines Have Expert
enced Exceptionally Good
Business During Week.
BIG cLEARINGS INCREASE
PLENTY OF MONEY SHOWN BY
QUICK BOND SUBSCRIPTIONS.

Conditions IN nearly every line of
trade have been exceptionally good dur
ing the past week Salt Lake banks
distanced the financial concerns Of
every city in the United States in the
matter of clearings increase for the past
week, as compared with the same week
d year ago. The clearing house report
shows that salt Lake did 1851 per
cent more financial business last week
than year ago. Bankers state thaI
this is largely due to the opening or the
wool season and a general healthy con-
dition of all lines Of trade. All banks,
large and small, in this city have been
doing a steady, strong business for the
past week, TO the qualification Of the
bankers.
For the past several months the race
for first place in the bank clearing IN
crease race has been between Seattle,
Wash, and Salt Lake. Last week SAT-
Lake distanced her rival by a large
margin. The week just closed shows
Salt Lake far ahead of Seattle which
place has shown an increase of 77.9 per
cent.
Interest rates locally are about the
same IS they have been for the past
year, although money is easier
\ sign of the healthy conditions IN
local banks comes from the fact that
several large bond issues were taken
by local banks and capitalists IasI
an issue OF $1,000, 0C0 to pay off floating
debts But $3.50, geo of this amount was
placed open for subscription. With n
forty-eight hours of the time of the
announcement that the bonds were
open for subscription, the entire amount
was subscribed. The bond issue of
lions Savings and Trust company was
taken by the bank itself and by de-
DOsitOrs of the institution. Bankers
state that IL s now an easy matter to
curities in Salt Lake.
Real Estate Quiet.
For the past week real estate has
been "a trihe quiet. Several small deals
in business property were COnsummat-
ed, however. The greatest demand at
present is said to be for residence prop
erty- In the southern part Of the city
several small tracts Of land have been
purchased by local men with a view to
cutting the tracts into lots. Announce
ment has been made that d large hOtei
viii soon be erected near the site FOR
the new Oregon Short Line depot.
The Real Estate association is formu-
lating plans for the making of an ap-
peal to property holders and residents
TO take more active interest in their
property. The association is endeavor-
ing to create an interest in ali nome IN
dustrtes as well as property. All mem
bers Of the association have Endorsed
lAAt AlONClllCllL u the AlNlC improve
ment league TO beautify the city Many
of the association members have be-
come members Of the league and will
lend all possible support TO the move
ment.
General Business Good.
Dry goods, clothing and millinery
dealers have had a fine trade during
the past week. The coming of Easter
is always a sign for big trade, but this
year all previous records for business
have been broken From reports of the
millinery houses, all churches Will Oe
filled with spring creations, for the sale
Of these has been extraordinary during
the past week or ten days.
Hardware men are complaining a lit
tie because the weather has been such
that their trade has suffered. SO Ions
as the weather is unsettled, little con-
StructiOn work except that which is a b.
sOluteiy necessary is begun. This hav-
ing been the case in salt Lake Tor the
past several weeks the hardware men
have suffered not n little. From the
weather bureau come reports that
spring has arrived. This being true