The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-08-25
LOCAL BUSINESS
IN GOOD SHAPE
Salt Lake Retailers Enjoy an
Exceptionally Good Week
for August.
NO SIGNS OF DEPRESSION
BUILDING OPERATIONS IN CITY
ARE PROGRESSING RAPIDLY.

Numerous firms about town are still
feeling TO an appreciable degree the
strike of the telegrapheT but otherwise
the labor situation is better than il has
been all summer. Talk of hard times and
of "A panic continue coming from the east,
principally Wall street. and Salt Lake is
as steadfastly refusing to take any stock
In them. Bankers are provoked over the
continued discussion of possible panic,
claiming that ii is being puTposely pro-
lOnged TO serve the interests of eastern
especulators The announcement made
yesterday morning that the government
viii shortly place on deposit weekly in
the financial centres of the country large
sums of money 20 aid in moving the crops
brought forth little comment from local
bankers and business men.
1t has been done before and has lit
tie significance Tor us. said Frank
Knox, president of the National Bank of
the Republic. last night. They never
come west or into the interior of the
country with any Of the money, and the
only effect IL has on the country at large
IS to ease off the money market for
short period -
As expressed in The Herald yesterday
morning, the consensus of opinion here is
that money may tighten somewhat in the
next few months, but beyond that Salt
Lake will enjoy a big, profitable, pros
porous yea.
The local banking situation is unchanged
anu Nilb lt5AldA Noiuliit VI Ioclo 10 btiii6
made daily.
General Business.
The retailers have had an exceptional
ly good week. The summer end goods are
going better than was expected and al
ready fall stuff is being displayed in shop
indOws. There is little change in the re-
tail dry goods situation. Cotton is still
very high and will unquestionably go
higher. Fall shipments are beginning to
arrive and, generally speaking heavier
stocks will be carried by the larger stores
this fall and winter than ever before in
the history of the city
ShOemen are getting out their fall stuff
and the styles are very hobby this year,
running to heavier feathers and to but
tons a good deal.
The Representatives of the wholesale
and jobbing houses are out on the road
in full force and big orders are coming
in from all sections. Prices asked are
about on a level with those prevailing
last year The manufacturers are already
behind on winter orders and ii is prob
able that before the fall is well along
they will be swamped The volume of
trade is increasing rapidly along every
line The hardware men have had one
of the biggest months in their business
they have ever experienced. Implement
dealers report a like condition in their
satisfaction in all circles over future
prospects.
Realty and Building.
house structure the first of the week.
Once started the engineers in charge of
the work expect to have 1t hauled IN
faster than they can handle il. 1t will
take less than five weeks, with no pro-
lOnged delays to set the eleven stories of
steel work on both buildings. In the
meantime, the foundation work on the
TWO skysCrapers is being brought to a
point where the steel work can be set the
moment it arrives
The Judge building is progressing fair !
aF Harfrl lerrar
the work somewhat. The Sharp flats on |
Brigham street are nearly ready for Oc- |
cUpancy- Work all over the city Is pro- |
crossing rapidly. Contractors are some /
what hampered for want of skilled labor /
just at present, but not sufficiently to /
seriously delay operations The progress ]
being made with street improvements |
about town the past two weeks has given 1
an impetus 10 the building situation.
The Teal> estate association has taken |
up the question of securing more houses I
and flats for Salt Lake The rental sit |
uation has reached a critical stage The |
dgaiers announced last week that 1900 /
mote houses were needed at once here to 1
care for the hundreds of families coming /
into the city every month. 1t is certain /
that not an agent in the city Will guaran- /
tee prospective renter a flat by Sept |
], or by Oct. I for that matter The same l
Is true as regards houses Salt Lake has |
never known such condition before and |
peODle have actually left town within the |
past three months because they could not /
mOdatlOnS and would not live at the no /
tells. The association will issue a state
ment setting forth building conditions |
the advantages of apartment house and |
residence investments here and a brief |
outline of the general situation in hopes
that local or Out-Of-tOwn capitalists may
be induced to put money in buildings |
here in the immediate future
Real estate men are beginning to feel |
the influences Of fall Inquiry has been
very brisk the past week on residence |
property and the dealers are having a |
larger demand for small store SDace than |
they have had FOR monIuS Two whole
sale tobacco companies established west |
ern headquarters here the past week oh |
taking large store and putting in ex- !
pensiNe furnishings. The volume Of sales /
IS picking up and dealers report the mast /
ten DAYS as excellent. Values are appar- |
entity firmly established.
The lumber situation is tightening IN i
TO some extent, due TO the fact that cars
are none too plentiful at present and /
Will not be for several weeks. The rail-
road men declare. however. that shippers |
need fear no such shortage as was exper- /
fenced last year.
Stocks and Bonds.
The week has been fairly good in com /
mercial stocks. several large blocks Of /
the sugars changing hands at good ouo- |
tations- The latest quotations are as fol- |
lows:
AmaIgamated Sugar Co. preferred.s es 90
Beneficial Life Insurance Co. 16S an 4
Barnes Banking Co. KaySviIie -. 10 al /
Con Wagon & Machine Co. pfd. 1lG 50 |
Commercial National bank -. ~ IN |
Deseret National bank ................ 292 90 /
Deseret Savings bank ..-............. 595 no |
Davis County bank. Pennington I3O ~ |
First National bank Ogden. 325 90 /
First National bank. Murray . 132 co 1
First National bank, Logan ......... 195 90 1
Home Fire Insurance Coz. $50 On /
III -