Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-01
Review of This Weeks Turn Over
Shows Continued Activity
All Along Line.
GENERAL TRADE HOLDS UP.
nnilding situation is Not so Actiyc as
Formeriy--Positiyc Relief is Prom
iscd tile Lumber Dealers.

Local business conditions continue
about the same as last week. In bank
inr matters have gone along smooth
w. with the money situation lmptoN-
ing Deposits are holding their own
and the fact may attract sonc atteh-
linn that loans are being paid Off With
ant the banks calling for payment.
The demand for money IS very iair'
.bough not as much as three weeks
ago. Rates remain the same, at ana
per cent. General business has held
I'M we'll Local financiers remark thht
De- apite of more seasonable weather
throughout the country. the severe re-
oc,inn I'm wheat and comparatively
easy money conditions the market nae
heen working TO a lower lever. rms
ie claimed to be due to the renewed
demand for funds by the railroads.
Altogether, the new issues OF rallloau
stocks and bonds since the beginning
of the year, amount to SslS6Oo'OOO' rs
a. surprising that these enormous
Quantities of new securities shouiu
make investors timid? is asked. II Is
claimed that until the most fofthldaple
of the present suits by the govern
1nent and states have shown their Ell
fect when carried out, a lasting I'M
,,rove1nent in the market can hardlS
he expected. These actions at law ~
Guide the probable federal suit against
the Union Pacific, presidehtlal a't'o't
on the report of the commission Vi
corporations on the standard on COM
many. the impending investigation by
mo interstate commerce commission on
tbe Hartman lines. the enforcement
of the two cent passenger rate IN lhe
several states, etc.
REAL ESTATE QUIET.
The real estate market has expert
.nced another quiet week. Nothing
of consequence today has been the
stereotyped reply to daily queries
from reporters, rs ther~ anything
new" There are several causes as
cribed 10 this hull ono mat the
lively activity of the realty gentlemen
last winter and spring, brought IN az
influx of population which Hlled az
the houses, and more The more
did not remain, but went elsewhere
carrying with them untaNoraDle re-
ports as to Salt Lakes ability 10 care
for any more population. rms hau
Its effect in lessening the demand lot
realty investments. Then, as a prom
inent leader expressed IT, this morn
Ing, I'VE need i'll this city buffet or
family hotels, such as they nave IN
Los Angeles. Tourists and visitors
come here to look around. They hnd
hotel living expensive, and crowd me
cheaper lodging houses. and eat at the
restaurants. Even IN this waV on ac-
count Of the prevailing local high
prices a stay in this city is found
costly. and the sojourners move on,
Now, % Los Angeles are 10 be found
plenty OF buffet or family hotels where
light housekeeping can be INDUCED in
at a cost OF dollar day. and more
over, there are plenty of houses 10 be
had at reasonable rentals. Such
scheme as this will detain visitors.
sometimes indefinitely: and that Is
just what Los Angeles Is doing TO
hold onto the eastern traveller. There
ought to be something OF that kind
in Salt Lake" Another source of
grief Is the tenacity with which prop
erty owners continue to hang onto
their delusion that prices of realty
here should be % per cent higher |
than what the actual situation would +!
says that until owners come down. and
act more reasonably. their position
will act as a deterrent on local trans
fers.
BUILDING QUIET,
The building situation is not as act
I've as formerly. Architects say there |
is n well defined lull, although there is
still a good deal of activity, and mod |
crate homes continue TO spring up all |
Facing brick orders are being caught |
up with, and makers say that there |
ought to be no further trouble in this |
line, The opportunity for enlargement |
In the brick making line has been at |
tracing attention In the east. so that |
several parties have been proposing to !
establish here plant for making mot |
tied and special lines of brick other |
thar the ordinary, common qualities |
The Improved Brick company up at |
Bcuntiful is pushing all OF its large |
plant to its utmost capacity Other |
concerns are doing the same, though |
ono maker doubts about this years out
PUT being equal TO last seasons on ac-
count of the lessened demand from the
Enelters. There is, however great
Impetus In the use of reinforced con-
crete, which has given the manufactur-
Ing of Portland cement remarkable
boom. There is AN immediate market
Tor all that the plants. both In this state
and elsewhere, can make. Tho presence
Of Mr.. Warehouses; architect from New
York has given rumor TO the belief that
|