Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-09-07
LOCAL BUSINESS
HAS HEALTHY TONE
Conditions Continue About the
Same as Those Prevailing
Last Week.
RATES STILL HOLDING UP,
,.ct of Confidence In Some Eastern
Markets Has No influence In
salt Lake Yet

rocal business conditions continue
..ottv much the same this week. as
~, I'm money circles. bankers re-
t The situation as comparatively
.,st with rates about the same. A
,.,,,re Of tho week was the declaring
,.,i1epds 10 the amount oc $4,000 by
~. lions savings Bank and Trust
.,mpany and tho clearings continue.
y. uapal in advance OF the figures OF
~, r-ovlous year Banking condi-
,,,. hero appear 60 be healthy and
..rmo1 offers have been made in
nd. .ft, from New York. the past
w.ek of paper at 7 per cent. and rates
h.ys been holding up strong, with
ths local demand only fair Banking
oeicisls note the lack OF confidence
On some OF the eastern markets. but
AZ NOT consider that Il is likely 20 have
much influence here The local rush
cor SPECULATION in mining stocks is be-
ipe commented upon by banking Of
frIals as one Of the special features
cf the season. but the anticipated
vlstment in such stocks does not APP
re8r to have materlalized. Much alarm
has been felt i'm Boston lest savings
hank depositors there would do this,
and the local press came out strong
against it.
PREVAILING BOOM.
A prominent salt Lake bank official
calls attention TO the following para
graph from an exchange as giving
Intelligent comment on general com
mercial conditions,
"Of the present boom IL may be
uuthfuny said that it has no parallel
in history either for extent or inten-
aty IL literally covers the globe. and
81 any small corner has been over
looked the boomers are sure TO be
down upon Il soon The most nota-
BILE feature Of todays commercial ac-
tiyity is its almost universal scope. II
embraces nearly all industries. and
extends to every civilized country
There Is hardly a spot on the globe
which is not being scientifically eN-
plotted. and consequently having TO be
scientifically financed. Should we
feel surprised at the demands that
are everywhere being made on none
ury resources? The wonder rathr
Is that such dmands should up to this
point have been so well met"
REALTY STEADY.
There has nothing special been done
90 the real estate market this week.
realty men report a good
steady business, though In compare
lively small parcels The charge ~
maintaining high rents, brought by the
Butchers & GrOcers' assOcia ton against
thc real estate men, is denied by the
latter. who retort. as Judge Colborn
said yesterday afternoon, How can
we be held responsible for the actions
of j. n Dolly. the Auerbach estate.
the clayton Investment company and
other property owners who individu-
ally keep pushing up rent hgures2'
Another member Of the association
claims that back Of II all Is the So
called American" party now in the
municipal saddle. which has steadily
raised the rate OF taxation. and COM
PEELED property owners TO raise rents
correspOndingly in order to meet tine
Increased rate Of taxation.
A moderate amount OF house build- |
ing continues, Notwithstanding the
cost OF labor and material. where pfo-
pie must have houses, cost or no cost;
but such an immense per centage OF |
building has bcen cut out from what |
was intended. that the actual loss to |
this city will amount to a very largo |
sum I'm the way Of what would have
been increased valuation. and moneys
expended for material and labor In con |
siruction. The street railway Is exc
pending a great deal Of money IN track
improvements IN the outlying districts
which VIII facilitate tho peOpllng Of !
the suburbs and of itself Is an incen-
I've 20 building. Heavy conslgnments |
OF stone and steel are due here any
DAY Tor the two Newhouso buildines.
md work on tho Railroad Exchange |
huildius Is beirg pushed. The real es- /
lale men nave done a great deal to |
aaNeruse SAT- Lake as a desirable cone |
TER but with the counter advert sing /
heing given through the struggle with |
tne local food trusts and the scarcity |
or houses, 10 IS "a question how much /
net good Win have been gained IN, /
we EFFORTS OF the Real Estate assoc
LUMBER TRADE.
me lumber trade Is I'm a compara-
utei9 Qulescent sate, without any
.1eanle jobs on hand, though with a
. a''"ly demand. A year ago. al
gus Time, Tho trade had three big iohs
ON hand, hut the general volume NJ
.'ailess averaged just about what n
Z. now. The car conditions are worse
j anything. one or two sawmiU mon
nom the northwest We're I'm town This
N''A' and report the California trade
+. NV tNf Local hincks are I'M fair l
,.ltNe ana dealers say general condi-
,0N' are wholesome, and as satisfac-
l9.. as the conditions on the time win !
STOVES COMING IN.
th' hardware trade report the only
l,..l.e of the week 10 be tho recent ~
soA hnments Of stoves.as this being me-
Iil mouth, people are beginning
" ...lk OF heating FOR the winter. prf
ss Is as the weather maintains ia
temperature. the demand for
..-..f apparatus Is not likely 10 he
aAs '.hg pressing. Dealers rcport IA
1..a.IF continued run on seasonahie
to9l.. with the help OF The demand
mining machinery. harnesses ana
i'aI...F generally There seems H.
.fy fair amount OF trade in nj
'.'' ni the business
Wholesale DRY GOODS.
Ih' Wholesale dry goods rs reportod
Incally-yery little doing beyond
lion Tor "a heavy business inter
lo orders for FAN and winter
nave am been placed with me
iurrrs goods are being received
''illly shipped out 10 various
. NI IufnTmluufuiu pnunufnrff... /