Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-02-09
mai Commercial Situation Has
uosr One Of encouragement
On the Whole.
BANKS HAVE LOTS OF MONEY
,-...ooiol institutions Appear to have
More on Hand Than They can
Loan Out Readily.

,..t commercial situation TOR the
-, ,r.ek has been one of encourage
p .n, an the whole, though there hase nav,
'n o, hsen any features 10 attract speoia'
NOV -. In the matter OF banking
n''' ,,oa, hanks appear this week.
Wv n,va more money on hand man 'ney
~ loan out readily, so that Win tne
'on ,sr ,roney light the rates are llgh'
'o' . "a, The large amounts ad-
49, '.nred to the sugar men with wh'oh 70
o, The expenses of the season. are
ns,,, their way back into the sait
nnIn'e ankS through the regular cHun-
bNHe trade and business. as TINS cisy
nels VI .issrtnc house of the state. III
Is 'hs ~ S,e ,akes from 80 to 80 days for
80 ioans made in the state 10 set
hncl Mere again. Deposits conllnue oh
ny Increase. The clearing mousse Hs
' WV show a falling on, but III view Vi
ne .naddipg' resorted to year aso,
tSe decrease is more imaginary IMAM
real ,...,, ,at,or fron, Wall
~ dated Feb. 4. states; Inc
suvt movement in our securities
,.nrl.et continued throughout the week,
"nS his state Of semi-panic has caused
e,,ne az our leading financiers TO ex-
,,,sse their opinion regarding the cause
p;N,s Great decline. Explanations po' Mt
~ tbn aver supply of securities, due 10
~ snor,nous capital flotations of the
rsilroads and some of the Industrial
corrovations here, which, with their
oyssent facilities are unable to ham
dja tbe business turned over TO them.
A fnrther point is made that attacks
ana threatened legislation Of our fed
oral as well as state governments
against the grent corporations nave
frightened investors so That they were
moi tempted by quotations when are AT
a level which In normal conditions
would bring In large buying orders. Ihe
public at large has undoubtedly TAKEN
great diylike 10 the fragrant manipu-
lation Of securities last year by some
Of our controlling interests, and even
low prices for stocks can not wipe out
The memory Of the abuse. Trade con-
ditions throughout the country continue
very favorable, the market, however.
argues that some let up In the enor-
nous activity OF last year Is to be ex-
pected. Improvement work of our rail-
roads is TO be at least In part sus-
pended, on account OF the inability OF
Dur railways 10 borrow money easily.
aud therefore the let-up In orders for
railway supplies, etc, should also be
felt this year Inasmuch. however, as
there is no overproduction visible, yet
ana our corporations do not charge
excessive prices for their products,
there should not be any cause of fear
as to our commercial situation. There
Is no doubt that sooner or later, the
prices Of standard dividend paying
stocks mus, advance again 10 such a
level IS will Justify their income pro-
ducing quality. The bond market. con
unues inactive all around, Influenced
by the large offering Of notes"
REAL ESTATE QUIET.
II has been another quiet week In
real estate, although this Quietness is
not such as would tend to produce dis
quletness among the dealers. How
ever, there have been several sizeable
puys, as for Instance. the sale of the
S!ark-EldredgA building on west First
south street TO the Lambert Paper
company, and the sale by this COM
fany OF It's present west South Tenn
PIC street premises TO Cannon a. Can
non The salt Lake Real Estate as
ISOLATION at Wednesdays lunch, dis
cussed the idea of Greater Salt Lake
tlY, which shall take in the region
10 the south rs far as Twelfth South,
md as far east as Twenty-first street,
and approved of the same.
BUILDING BOOM.
i IS apparent that this city is on