The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-06-02
LOCAL BUSINESS
HOLDS UP WELL
Warm Weather Helps to Liven
Up Trade in Summer
Goods.
BIG SEASON FOR AUTOS
QUIET BUT HEALTHY TONE IN
REALTY MARKET.
BIG SEASON FOR AUTOS

Local business conditions have ex-
perienced but slight change either
way the past week.
The opening of the resorts brought
several hundred country and out-of-
town shoppers to the city and helped
things out all around. The retailers
have had busy week, as have the
wholesalers. All other trades have had
a fair volume of business. Real estate
and building have held their own the
past two weeks
Deposits at the bank are fairly good.
The demand for money is fair with
rates at and per cent. Clearings
are holding their own with those that
have gone before this spring.
There is q good, sound bottom to the
real estate market, and dealers about
town are well satisfied. A large num-
Der of residence properties have
changed hands this spring, and the
volume of business with the agents
has suffered no decrease with the be-
ginning of the warm weather. Prices
are on a sound basis and show no indi-
cations of dropping. In the building
market architects are complaining of a
decided lull. This is but natural, how
ever, as with the tie Up on lumber and
the high prices of all other building
materials builders are having very lit
tie work done on plans.
The arrival here of Henry Ives Cobb
the architect of the Newhouse build
ings, and the announcement of the de-
termination to cut a new street
through from Main to West Temple
street, below Fourth South street, gave
the market a stimulus. and the further
announcement that Mr.. Newhouse will
start his hotel this summer has helped
matters out wonderfully.
Work continued steadily through the
week on the extension of the Rocky
Mountain Bell Telephone company'sI
building. The new part is practically
completed, except for the placing of
doors. The front was almost closed in
The Workmen are making rapid pro-
gress on the new switchboard. The
new board viii have many advantages
over the old enc, among them an ar
rangement whereby the operator is
able to return money deposited at a
pay station when the party desired
cannot be reached. Pressure on a but
ton at the central station delivers the
nickel at the telephone station.
With the Retailers.
Hardware men are having a busy
time supplying automobile owners with
supplies for the season. Automobiling
is gaining a great fOothold here, and
the dealers in the standard cars are
experiencing a big season. The trade
in harness goods Is brisk, and in fact
the hardware business all along the line
Is booming just now.
The department. store merchants are
paving particular attention to feminine
trade these days. Parasols are going
In good shape, and there Is already a
small scarcity of the fashionable long
gloves Shirt waists of all kinds are
ir great demand. Yelling and hand
some neckwear is in demand, and there
is a record sale being made on fancy
hosiery this season. The millinery de-
partments of the stores are experience
ing a good volume of business. and
prices are way up on all sorts of hats
Ciothiers have inaugurated their late
spring sales. The rather cold weather
caused a slight depression in sales, but
the past week things picked up. The
straw hat stocks are all on display, and
all kinds of summer goods for men are
going at good prices. Shoe men report
increasing demand for white and tan
shoes. Prices remain unchanged de-
spite fiurffes i'm leather stock in the
eastern markets. The business of the
local dealers has been satisfactory the
past few days, due to the advent of the
warm weather. probably.
Dry Goods High.
While this is the quiet period with
the jobbers and wholesalers, prices
seem to hang on in an exasperating
manner. Sheetings advanced one
quarter of a cent last week, and a sim
liar advance is anticipated by the job
bers next week. Fancy cottons are
going higher. Shirtings and fancy
waist fabrics show an inclination to
command higher prices also. and lin
1ngs for the clothing trade have gone
up from one-eight TO one-quarter of a
cent since the first of May Extended
buying is reported in knit goods, cot
tons and all lines of household goods.
Stocks and Bonds.
The past week was a quiet one for
local stocks. Sugars have changed
hands more than for three weeks past,