Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-07-13
Situation at End OF Seven Day
Period Shows Number of
Gratifying Features.
BUILDING AND REALTY QUIET.
Bank Clearings Noticeably Increased.
owing to Big Timber Dcal--Hard-
ware and Dry Goods Booming.

The local commercial SITUATION u III
very fair shape. except in the build
ing line and in real estate where COM
narrative quietude has obtained. In
banking, feature has been the very
material Increase in the clearings, due
largely to the interest OF local parties
In the recent great timber tract sale
in California, and in general the week
has been exceptionally active, as there
has been a brisk demand for money to
he employed In Legitimate enterprises.
But the supply of money in the coun-
FRY is now scarcely adequate to the
demands, and when the crop moving
neriod comes. II is believed there will
be quite q stringency for the volume
of the crops Is going to be good, not
v.ithstandng tine unfavorable weather
during the past spring. The increase
In the acreage of corn will make up
for the deficiency in wheat and every
thing looks favorable for continue
tlon of the healthy activity with the
exception of the hostile attitude OF la
hor and the growth of socialism. These
Influences are acting adversely; but in
Europe they are more felt than in the
United States. This is best illustrat-
cd by the value of English railroad
stocks. the price of which are now
only one-half what they We're at their
highest point. and English consols
which have always been recognized as
the highest class of government bonds,
are now % per cent off from the high
est market quotations. However. 1t
NAV be said that local conditions are
promising.
REALTY OUTLOOK FAIR.
The realty men have not done any
thing to speak OF the past week, as
their energies individually and collec-
lively. have been devoted TO pushing
the sale OF tickets for their annual ex-
cursion to Saltair. Over $4,000 tickets
were sold, and enough money realized
10 enable the realty men to raise a fund
sufficient TO guarantee that an immense
amount of advertising can be done the
coming year, for this section of the
west. Now that the excursion is over
the realty men are ready TO buckle
down to business and push thugs. -
feature OF the week was the return
from New York of Messrs. Birrell and
Carpenter where they had been on a
realty Grand and found a ready ear
In the east to listen to advantages and
opportunities for investment in Utah
and Salt Lake City.
BUILDING Is QUIET.
The building situation is altogether
too quiet. At this season of the year
there ought to be an army of mechanics
and Iaborers at work hurrying building
operations. and architects neices ought
to be scenes of activity On the con-
trary, architects Offices are pervaded
by a graveyard quietness, and they re-
iort nothing doing of any note beyond
the Newhouse. Judge and Brunswick
apartments building operations, and
the clearing of the site for the Gould
union passenger station. The brick
men report no trouble now 10 fill or
iers without any delay. Architects
continue to report citizens who intend
ed to build as having MADE up their
mind not to build for some time 10
GOMEZ oil account OF the very high price
Of building material, and the continued
high price of labor. An immense
amount of building has been set aside
Two factors. and 1t begins to look as
though the bulk OF the building opera
tlons that would have characterized
this year, has been carried over TO
1908. There are, il is true, many small
homes going up around the city. but
there would be many more were 1t not
for the greatly enhanced cost OF build
Ing. ono contractor remarked yester-
day, THE mechanics may be able TO
he independent now and refuse to work.
except for abnormal wages: but Just
wait until cold weather comes. They
wont stand around then refusing TO
work for good pay
HARDWARE BOOMING.
The hardware trade reports bust
ness brisk, II not positively booming.
There Is a heavy demand for fishing
tackle, baseball goods, lawn tennis
goods. golf goods and sporting goods
generally. There is also a ready sale
for oil stoves. buggy lap robes. har-
nesses, combination gas and coal
ranges and stoves--separate or IN one
single structure. The combination IL
becoming favorte. Ak IL IL 50 easy
to turn from one TO the other. The
demand for cutlery is constant guam
lily. builders hardware IL still selling
ven, carpenters tools are in steady
demand. and there Is still an unpre-
ceuented demand Tor mining mlchln-
cry. According to the calls for this
class of goods, II II evident that the
mining industry Is still in its infancy
In the west.
PLETHORA OF LUMBER.
The lumber market locally is Pile
thoric. as all The yards are reported
woll stocked by dealers who bright
and early took time by the forelock
and placed orders that have just been
ulled by the temporary relief In the
car shortage. There are at present
100 cars OF lumber reported In the
local yards for Salt Lake delivery. and
100 more temporarily In the yards
In transit To points beyond Prices
remain Arm and are likely to continue
ms the logging camps have shut down
which means there veil, be more lum-
Dor until presant stocks In primary
hands are somewhat thinned out.
Then the sudden and marked falling
OFF of building operations has pre-
vented any special draft on tho local
stocks. so that there Ia now supplies
on hand for some time 10 come. TN
sess building picks up in an unexpect-
ga way. the coming return Of the car
shortage win not cut any particular
tonnage In the local market. as
all dealers have such large stocks
OF lumber OF hand,
STILL STRONG IN COTTON.
In the Wholesale dry goods trade.
lobbers report the second half OF the
year opening up with quiet, but
strong market In cotton goods. collec-
lions have been not as good as was
expected, and credits are more closely