The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-17
HE|NzE DEAL IS
FEATURE OF WEEK
commercial Circles Much In
terested in Montana Mans
Investment.
REAL ESTATE IS ACTIVE
= ooAL SHOPS PREPARING FOR
SPRING TRADE.
REAL ESTATE IS ACTIVE

.,g,tstus HeinzeAs purchase of a
t,ock OF stock in the Utah National
80, nroyed the most important feature
Dai -. mast week in local commercial cir
bankers about town agree that the
s1.n,.na mans action is of the greatest
I..ificance. in view of the connections
a-,tb eastern banks which viii result
s1rom the deal.
7bare is plenty of money in the local
isstitutions and rates are holding STEADY
iConsiderable money IS BENG e .t uGt
80 Investment purposes, now mat busl-
oess men have squared themselves away
after closing I'D the year.
9tpaaI estate men have been on the go
n sTsek Starting with the announce
mi Of the purchase OF big tract OF
ID Mil company for the purpose Of
'ao' a 100000 factory this year. the
Isri-at i,8s been extremely active and in
,trlos have kept the dealers busy. Half
y dozen eoOd-siZed transactions have
been nut through during the week and
residence property mas moved IN sa1ls-
factor- manner. Rents are in the sky,
sse.,,,Tsfi,elv speaking, and the agents are
v5-ring where il will stop. With
ansr.ment houses full. rentable houses
.oac,,nied Al high rates, the situation is be-
,,.sinsr complicated. The raise III rents
fu confined 10 ltClNNlhE pAOBtAAE- LII
at least three large retail concerns on
Main street have been raised within the
,,ast three weeks In a manner that has
started talk of new quarters.
Many Buildings Started.
On the other hand, building operations
are going ahead with great rapidity- The
earlv spring has induced contractors TO
break GROUND on their Jobs unusually
earIy and while there is not an over
abundance Of building material on hand
among local construction men, work is
being started with the hope that the
freight situation will be cleared ND be
fore the summer season opens The street
railway officials announced during the
week that they would start reconstruct
ing their downtown lines and putting
light ana feed wires on Main street IN
derground within the next two weeks.
Work is soon 10 be started on the eXca-
vations for the Rio Grande depot.
These are busy days for the retailers.
What with receiving spring orders, I'M
packing and getting the goods into their
windows there is plenty TO do. ClOthiers
are displaying an imposing array of
spring suits, shirts and furnishings,
Styles are as nObby, is not more so, than
last season, The shoe men haven't made
much Of a stir yet, but here and there a
few OXfOrds have found their waV into
front windows. Two more weeks of The
present weather and the spring styles will
he out in every shop. The dry goods
stores are settling into the harness of an
early spring business and pretty frOCks
are on view everywhere Only the ad-
vance lines Of spring dress goods are in
and these are being rapidly taken up.
Orders Still Delayed.
Freight eOngestions, closed factories in
the east and low stocks are causing local
1obbers any amount of trouble. Spring
orders have failed 70 arrive and the east
ern houses declare that the scarcity of
labor has forced them to shut down por-
tons Of the plants Cottons continue to
advance and double sheeungs have gone
up three cents in three days
Lumber men are having trouble in get
ting Pacific coast timber. on account OF
vanced twenty-five cents per thousand
and the shortage of. cars is causing con.
siderable trouble among the local yards
the opening up OF the Nevada mining
camps this spring as they expect bic
trade from this section Of the west be
fore the summer is over Nevada roads
are still In bad condition owing to rains
and IL will be some weeks yet before ac-
uvities open up
Good Stock Market.
There have been a few small sales of
commercial stocks and bonds during the
week. The preferred stock of the Con-
solidated Wagon & Machine company
sold for $ll60 per share. Utah Sugar
company, preferred. went for s9571s to