Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-07-06
BUSINESS REVIEW
FOR THE WEEK
money Market is Somewhat Sen
sitiye Owing to Uncertain Con-
ditlons in the East.
ONE BIG DEAL IN REALTY.
I,u,ber Merchants Deny That Prices
Have Tailen--Dry Goods Clothing
And Shoe Markets Active.

Tho business stream for the week was
mora or less interrupted In its flow by
me Fourth Of July, on which day no one
has any idea of attending to business.
The local money market continues
,ho,,t tn esame, though somewhat sem
s,t,ce to uncertain conditions obtaining
IN the east, where the banks are recall
ING loans to a considerable extent, and
shoying much caution about lending
fprther than on short time and on gilt
edged security. The stringency is be-
ing felt so In eastern wholesale circles
thait heavy jobbers, whose commercial
,a,ing is of the very best, are writing to
western customers offering X TO / per
cent per month for accommodation in
the immediate settlement OF accounts
that have several months to run. as the
money is much needed In the transac-
tons of regular business. The clear
ings continue to hold their own, the
excess Of yesterdays clearings over
those of the corresponding day OF one
year ago, being very noticeable.
ONE BIG, REALTY DEAL.
Nothing doing in realty was the
statement Vi ScNpla lShi Hltil
this morning, other than the deal OF
Fred Wey and James Breen of Mon
lana, with the Zion's Savings Bank &c
Trust company. for the Beck's Hot
Springs property OF 100 acres, for $780,
co.," The property has been golden
opportunity for some investor with grit
and cash, 10 these many years, as the
hot sulphur springs there are peculiar
" valuable in medicinal properties
Just as good, IL not better than tho
hots springs in Arkansaw. Three years
ago there was serious move made by
Ohio capitalists to secure this property,
hut they were frightened off by stories
Of the wonderful boring abilities of the
countless swarrns of mosquitoes said to
infest the entire district there. But the
discoveries of medical and sanitary sell
enc since that time have practically
abated fears In that direction, for 1t Is
now known that mosquitoes can be ak
terminated by scientific methods. The
rev owners propose to erect fine sani-
tsrlum and bathing privileges there,
and have the street car line extended,
which will make III, resort one easy of
access.
THE BUILDING SITUATION.
Reports have gained circulation and
credence that it is costing now 10 per
cent less to build than II did 50 DAYS
cost Of material This is warmly dis
puted by dealers in such material.
Building continues right along, though
II IL not aS extended as was hoped loI
% account of prevailing high prices,
and moderate homes continue to go up
al over the residence quarters There
is growing belief that by another
year there Will be a strong building
movement along the entire north
bench, up to the boulevard on Eleventh
avenue, The air up there is so pure
and the view so engaging that each
year this section of the city Is regarded
with more and more favor There Is
no more complaint about shortages in
brick as the makers are able to fill or
ders without delay, In fact the brick
smaking market is in a better condi-
ton now for business than 1t has been
for long time.
LUMBER PRICES STATIONARY.
The lumber market prices are re-
naming stationary where they have
been for some time. Notwithstanding
morning paper reports to the contrary.
There are a few shillngs variation in
Wholesale prices now and then, either
way, but this does not cut any figure
IN retail prices. The shutting off of
the demand in California, of which so
much was recently made in print. was
only transient affair. as the demand
IN that quarter is again as strong as 1t
ever was for northern lumber. The
situation here has been a little easier
Than 1t was, because of the temporary
easing in the car shortage that has
been severe In times past But lum-
hermen observe with a sigh that the
shortage is liable to be 'on' again In
short order. with prospects of contin-
uance Indefinitely. The ordinary sched-
ule time for q car Of lumber to reach
Salt aka frn, ho ID daVQ
whereas 81 now requires from 80 10
40 days, One occasion of the delay is
the difficulty in finding Hartman cars
10 send into the Hill railroad country
FOR Loading with lumber for delivery
on Hartman lines, for the Hill COM
pantes will not send their cars onto
the Hartman lines, so the shippers
claim but are willing to have Harri-
man cars for loading sent into the
Sound country. However, the month
OF June past has been better than for
number of Junes, and dealers here
are now laying In stocks for fali and
winter sales. 1t Is OF interest to note
mat the logging camps will be shut
down until July 20.
DEMAND FOR HARNESS GOOD.
The hardware trade reports general
business as very satisfactory with high
prices. There is quite n demand Tor
anu tliiilk just at pl'9NA'' 49,
ADVENT OF settled weather has given an
impetus to trade that promises well, II
mere is no further labor troubles u
make afraid. The demand for har-
nesses from outside contractors con-
thues heavy and encouraging
DRY GOODS TRADE BRISK,
The wholesale dry goods market II
oeFold this week OF any special fea'
lures locally, Az most OF the summer
goods have been closed ont and what
market remains Ia of the light summer
goods variety. This latter class OF
goods Is still In good demand, and II
VIII be several months before there u
much of demand for fall. supplies
mere Is no lowering OF prices, WIN
prospects for advance along some
lines The old difficulty still exists in
getting goods, as the manufacturer
sun tell the well worn tale of hard'
SHIPS In securing raw material ana N
holding on TO their help. JoRbers re-