Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-10-13
WHAT BUSINESS
SITUATION IS
call Lasers Investing Heavily IN
couuer Stocks on Account
OF Price Boom.
ALL QUIET IN REAL ESTATE
..o,,cr shortage of Brick and scar
cIl, of Mcn--pry Goods Business
Good-Gcneral Review

,r,, local business situation Tor the
rast week, has varied WIN 'ne 'a s'.s
, paa Of trade, good in places, indiner-
=, otbers. and unfortunate IN yet
CIV In money circles the feature Oh
~. week has been the elevation OF the
y" ar stoek market, especially IN re-
M IA ~ oopper stocks. This has been
ss'S 90 marked that banking men
rsnort people as not only ihves''hs
- Immediate and ready cash, but
s"." and hypothecatlng good Sc
puII's 20 raise money for investment
cui,or stocks. A confidential New
III ~ latter speaks In this connection
iwnn a tremendous speculative opera
o. ~" an The New York Stock Exchange.
u ly letter says. This speculation
~ We are witnessing daily on the
Nnisa Is supplemented by a mining
eN.~ tn our outside market, OF the pro-
cia ..ions of which an outsider can hard
p. sorm a Judgment. Tens or thou-
~. ~ shares are being sold there
s I'm and prices advance regardless
u 20 ,olue Stocks that never produced
ronnd of metal are selling at 300, 400
ard 5OO per cent, and great discrin-
Isstlon should be exercised i'll purchas-
ing some OF these stocks
The letter IN treating ON the imam
o,oi ethics OF the ore situation says.
There is little doubt that the Great
vnrtharn-United States Steel ore deal
I'M hiring great benefits 10 both the
III cornoration and the Great North
ern railway Inc lorlhei ~ INV ~ "
position OF having its lu.oie suppnee
Of ore secured, NItnout ahs ny, eaSe
Of its capitallzatlon' aiid eApeI's oi IRON
ore In our country WIZ iiake .lle cul
rent prices Ior Hon VIC ,rsa az
cheap IN the heNr .a.u,e "a re ore,s
l pao, AZ railroads. are sun greater: they
will earn great nlMg .li.ilion uonals
from tne propcislss mn,' i;,tie sv.u.e'
some tiine ago roi tt ., ' ~ ~,
Inc lel,er ea,,9 "a $500, ~, ~
penang elv0.,un', a 49, aiaa,,o,,,
outcome ol tns eo'si s ssSa ,ot,,t s
Is important l.I I1 ,..d i' ~ ILL., ~
view, ahu shone nV sa.,, ,ns INA ,'ai nj ~
checs, a,lnou - rns,,i, -. a. 80 ,'.I,i
weight wa. 'Iu s,n,,,os Wy Ill., p W.
De hkay W ntp ns a., raao,,o, a.,
aosolupE ~ "a .ati,y.oos s,,,.,,, n -.
business ae''sa's' ", .,', ,a,''' '''' '''"e'
continue " W 'i''''No'S'
LOCAL CONDITIONS.
Local deposits are reported as stead
lily Increasing, notable factors in this
being receipts from the growing fall
trade sales Of sheep and cattle. etc,
Rates are reported steadier and better
than at any time In the last decade,
and the entire money market IL consid-
cred In strong and healthy condition.
The clearings continue to show graft
Tying increase, and local banking men
remark that the financial situation here
Is healthy and sound.
pnAr. ESTATE, otvrrT
Real estate continues In a qulescent
safe, but with a new feature in that
W.e holding real estate or real es-
uN securities are parting with the
sane TO raise money for reinvestment
topper stocks: and with the specu-
aHye fever turned In that direction.
nal estate dealers are likely TO find
susiness hanging heavy on their hands
''f a time, at least. The only transfer
" aHy Hoic TINS week was the sale Tor
1900 OF frontage on Commercial
street for the extension thence from
Main street OF warehouse and fitting
establishment Real estate, however, Is
finding fair demand, and there are
many moderate sized transfers, large
y made with a view TO establishment
Of new homes. There Is a good de-
mand for houses for residences, and
hew houses are being pushed az fast
as the exigencles OF the situation will
admit.
But contractors and builders are still
~ s,V va, 49,. GTihPialnlng OF their lnapliity
Inc eoo oaiIn, anu on tnis account puiu-
Selsye siatI Tn, commune 70 DC very muen
Ina, i, however tne orick men reply
troI ~ pe.vno ,neir power 10 con-
Tha, Nv" supply Oh leans ana men,
done ~ ,e's nv prlek' put what 10 10 De
iha MN, nm mere are no means TO move
lin 10 Sr W. one h,aher tslls OF
ISIa 20, -, , ~ burned prick that laid
ibs o ~, ~ Gays WINE ne was securing
lhs hySnn , LOT men ana teams 10 maui
a. NN4N INN ~ at WI