Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-09-21
,ooal Commercial Field Shows a
Very Satisfactory Situation
In All Phases.
asr ASKS WEST FOR HELP,
unions Have Changed In the Money
Enthusiastically Continues TO BE
\ Good Investment.

u, the local commercial field the fall
do has opened auspiciously In
,.,tine. the situation is satisfactory
.,l,b money in fairly good supply. but
.,,b strong demand. and rates Of
,-,srest holding their own The demand
,-or the east holds up the local rates.
4, thew would be easier. for there is
rsry little borrowing at present Part
q, me demand for western money is
,.or the east where the stringency Is
.,eater than here. A very striking
.sange has occurred In the money situ-
atom during the last few years. Form
.4ly an OF the western states were
deeply in debt to tho east upon which
they we're dependent for money. This
condition has been completely re-
yersed so that the east is now asking
the west for help that the latter is now
ip a position to grant One OF the best
Illustrations il the money condition in
Kansas one OF the arguments made
i'm a Bryan campaign was that money
was So scarce that Kansas farmers
we're 10 daily peril because OF heavily
morigoged farms Recent reports
show that the Kansas banks have full
B tl5.00OoO0 loanded out in the far
east as there is no local demand from
hc farmers who have bank credits OF
their own, and are therefore able to
help others II is stated that the Kan
as banks have now more money than
they know what TO do with. The Sep
tcmber report of the government az to
the state Of cotton. corn and wheat.
show that although no record crops are
90 be- expected. the outlook is favor
able for large exports TO European
countries In letter received from
an eastern correspondent, a local bank
has the following; LAS the different
users or copper are unable to secure
The necessary capital for new ex-
tensions at the present time, the de-
mand for copper is largely reduced II
is diHerent however, with steel While
the use Of copper can be stopped or
largely curtailed at any time. steel re-
mains la continued extensive use. as
me railroads are forcNd TO buy rails
before anything else, and the larger use
OF structural steel renlaCing wood IN
railroad building operations almost en-
trely assures FOR steel a continued
stable trade
DEALS PENDING.
The real estate market continues
about the same; the transfers being
moderately sized and numerous Deal
crs report large deals--in prospect de-
pendent upon certain contingencies
which may or may not actually happen:
which therefore are not ready yet for
punhcation. SO u Is necessary to wait
untn the documents are signed. sealed
and delivered. Architects report The
cost OF building residences has in
creased from $500 per room to 81. 900. be-
cause OF the rise I'm prices OF labor and
building material They score the lum-
Der trust In the northwest. as largely
responsible for the unconscionable rise
and hope the president will make things
warm for the lumbermen. However
there are people who must have homes
Of thei own, at any price. and they are
building az great cost One architect
points out tho cessation OF construction
on a N5O000 apartment building on the
east side, which prevents that amount
from going into circulation. and de-
privcs residents Of much needed accom-
m0dations The trouble. he says Is due
20 The fact that the contract was let TO
contractor who IS not In the combina-
uoil. The result was that the combine
Influenced the brickmen to announce
that Sl6 facing brick desired could not
b. had under 30 days. As the contrac-
tors time limit would expire within
that period. he had To give up his Job.
The promoter of the enterprise objects
70 being MIXED by the combine. and
viIl wait until early next year before
DOING anything further.
OTHER IMPROVEMENTS
There are many repairs and remodel
Ing being made about town. and un-
misned Jobs are being pushed through
GO Do completed before snow flies or
steady cold weather sets Ia. be the cx-
penst much on little The street rail-
Way company is doing excellent work In
Vsgk npairng and relaying. The grand
wiM layout az Second South and Main
streets Is going down i'm half the time
isflued 90 lay the one at the street
hlf'section above. the Brigham street
cans are now running 10 Thirteenth
hasl sueeL as the south track has been
Ielald with heavy steel, and that side
or NE street Is ready for the asphalt.
HARDWARE LIVELY.
The hardware trade reports lively
business in stoves Of all kinds, there