Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-29
GENERAL TONE OF
BUSINESS GOOD
-----~--------------~-------
Condition Are Being NoticeabIy
Improved With the Advent Of
Favorable Weather.
LIONS BANK PAYS $4,000.
Continued Opposition 10 Railroads
Causes Earnings to Decrease and
Stocks to Go Down.

Inc local DNSll1eSS SlIudllOn III SpillS
directions is improving with the aceep-
table change of weather and in other d.
rectlons there Is very little doing. In
banking, the feature OF today Is the
disbursement of $4,000 in dividends de-
clared at recent meeting by the Xion's
Savings Bank 4 Trust company of this
city. one of the most prominent and
substantial financial institutions In the
west. A prominent local bank official,
In commenting on local conditions said:
Financial conditions remain quiet.
There Is a disposition on the part Of
capital to hesitate and wait. The bus
mess of the country continues prosper
Gus, and taking this as a guide, 1t IL fair
10 consider the country generally as
fairly safe. The worst flea ture OF the
situation is that while gross earnings
show a considerable gain, this gain is
all swallowed up, and something more
ebsides in the increased cost of opera
ting due to the raising of wages and the
increased cost of material. so all kinds
of railway investments which constitute
the largest class Of securities in the
country. by far. are under the present
showing not attractive to investors. 1T
seems as though there must come a
time when public sentiment must
modify its opposition TO the railroads.
or some of them VIII be driven to the
wall. For the quarter ending March 81
last. the increase in gross earnings of n
group Of railroads was noted TO be %
millions, while there was loss In the
net earnings of two millions. This Is
operating 10 depress the values of all
SECURITIES"
REALTY STILL QUIET.
There liz nothing of interest I'm local
realty this week. Dealers report a fair
general business; but as far as any
thing suggestive of striking develop
ment is concerned. this Is noticea BILE
by its absence. The real estate men
are meeting every "Wednesday after
noon. now, around the festal board at
the Commercial club TO discuss plans
for their great annual excursion 10
Saltalr. July IL next, Perhaps one
favorable condition may be noted that
property owners are not so nsistent
on demanding prices u per cent in adv
vance of actual values.
BUILDING FAIRLY LIVELY.
The building interests are compare
lively quiet. The high cost of labor
and materials compared with the rev
turns from the Investment operates
directly against the launching of n
building boom In this city which
would attract attention all over the
country. But then. there If consider
able doing, after all. with the immense
Newhouse building operations in pro-
gress. the Railroad Exchange block
going up. the Utah Savings Bank &
Trust company. and the Bell Telephone
company's buildings being completed;
81, RantlSL
church in prospect and two additional
buildings for the Westminster COL
legiate institute people Steady pro-
grcss is being made with the new
freigh; yards OF the Oregon Short Line.
and the plant of the Utah Gas j. Coka
company is practically completed.
LESS MONEY IN BRICK.
But speaking of cost of building ma
,erial. the brick men claim an excep-
ton should be made IN their case as
brick is now they say. as low as 1t
cam possibly get. and with prices rang
ing from IS TO SIS per thousand, there
ought TO be no complaint. or course
The higher the finish the higher the
price, and brick made from shale that
has to be hauled from the canyon ana
taken particular pains with. COSTS as
high as $40. Makers say there Is less
money made from brick than there WAS
one year ago What enhanced prices
there may be are swallowed up III the
cost of manufacturing.
LUMBER PRICES FALL.
Lumber men arc still very uneasy
over the expected shortage of cars
tho coming fall.a traffic has Increased
much faster than the Increase ~ the
number of ears, and the trouble is
emphasized by the lack OF aihlatloh
Ls tween the HIN and Hartman rohus
which results in not a few instances
OF reloading of lumber on route Dur
ing the month prices have fallen from
81 to s. 60 on all grades OF goods
arriving from the northwest, and some
dealers are looking for further re-
duction. Consequently. they are walt
ing for ordering further for the pres
,nt For some little time the north
west lumbcrnHn have been smut on
from their regular California markets.
IL IL said the California dealers are
So abundantly supplied and oregon
lumber that although the steamship
rompnnias have lowered their rate
from $40 to 81 so. this reduction does
not operate in the nature OF an m
ducement and there is hoon OIL
stocks headed this way In conse-
Qucncc.
HARDWARE TRADE STRONG
The hardware made continues very
strong, although some retailers say
fheV arc not selling scasonaDle goous
owing to the pscularities of the wealth
or that has bean 80 out of season TINS
spring and summer. However. there
IL still the heavy call for mining ma
chInery and mining and camp equip
ment The fishing season ~ now close
al hand. which makes the demand for
fishing equipment steady and strong,
and there is very good cali Tor
sportsman goods. The harness makers
report they are simply swamped WIN
orders. and in sadlery they are TWO
weeks behind. The bulk OF TINS phe
OF the trade 'lnds It's field outside OF
The city. In the mining ana consuuc-
ton campss where the heavier BRANDS
Of harnesses are uacd. In the Guy
the demand Is mostly for the lghtrr
weight grades. The hardware TRACE
reports improved demands all over
the country for structural steel forms
OF all kinds, and decision OF the I'M
plement manufacturers 10 give up
their contention for a special price on
steel bars, has resulted IN large IN
crease OF tonnage In orders from the
mills. As to the supply OF raw nhter-
ial, II is expected that the months rec
ord will show movement AZ Lake
Erie ports Of 6O0O,O00 tons. eolipslns
all former records.
DoMESTICS FlRMER.
IN the wholesale dry goods trade, the
rotton goods market Is active with falr
sales, withe prices on heavy good print