Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-24
Rate, Have Stiffened Materially
In All OF the Money
Centers.
REALTY MEN ARE ON Jump,
situation. Say Local Dealers. Better
Than Corresponding Week for
any August In Many Years.

n greater CauttOusntSS. ana itlVNey ~ not
4 so easy to obtain, Rates have stiffened
materially in all money centers, but all
4 legitimate enterprises can secure money
AT tho higher rates, and on a restricted
basis There has been a good deal OF
talk about A panic, but unless some
4 very unfortunate conditions obtain, II
4 hardly seems possible that such a thing
/ should occur; and If 1t did, 1t would be
4 of short duration. The country Is 100
= rich, too prosperous TO sufte- .ong from
any disturbance in the money supply;
but the pinching out of financial propo-
Il sltions that have little merit and large
q ly made up of water Will probably COLI
4 tinue to greatly benefit legitimate trade
because however illegitimate a PROPOSE
ton may be 1t takes money to handle
t. But when the water is squeezed out
1t leaves money for legitimate purposes.
Rates are stiffening all the time, as
instance New York City which has
II failed to place an issue of bonds at 4
q per cent, and now seeks Ia place it at
~ per cent New York has sold bonds
IN the past as low as below 3 per cent.
Taken all in all the condition of the
western money markets is not unfavor'
Il able,
REAL ESTATE OUTLOOK.
Il The real estate situation for the
4 week. is characterized by local denlers
q as having been better imam the cores
y pondng week for any August in many
q years, True, there have not been any
striking transfers, but the volume or
4 small business has been something i'm
y mense. The number of calls for house
& seekers has been a heavy tax on the
realty men who are being besieged at
n all hours of the day by newcomers in
4 the city for houses in which TO live,
Not a few people who were intending
4 to rent have felt forced 10 buy in or
4 der to get roof over their heads, while
4 others have had to store their furni-
ture while trying TO find u house In
which 10 put it. In fact the situation
has become of such moment that the
salt Lake Real Estate association has
called meeting for this evening to
discuss plans for securing the imme-
diate building of several hundred mod
crate homes in different parts of the
4 city that the rapidly increasing popu-
lation may be accommodated. The as
ISOLATION has beep prominent factor
In so advertising the town as to bring
newcomers In here; 80 now IL Is deVot-
ing its energies towards increasing the
Il number of house accommodations for
the arriving throng.
BUILDING SITUATION.
There is no particular change In the
4 local building situation. There IL no
Il longer any complaint about scarcity of
brick. for there is enough and to spare,
and the local makers profess themselves
ready to respond to any demand. Prog
ress is being made with the Newhouse
buildings, but when the stone arrives,
the progress Will be faster. Four steam
hoists are in operation, fifth is being
got ready, and tt>re is a sixth within
.,sH. tod No ,osl NJ
change building is now up TO the third
4 story, where 1t begins to make an i'm
preston on the eye.
LUMBER TRADE.
The lumber trade reports probably
& the most interesting feature I'm the sit
4 uation of the week is the absolute re-
versal of the conditions of three weeks
y ago when there was at the time so
a much material being shipped In that
q prices were temporarily shaky. But
81 that was merely what might be called
ID an Incidental incident, A passing lull
y IN the car shortage enabled the north
n west mills to ship in here freshet fash
II ion, lot of stun they had ready and
n which could not be disposed OF in Cali
Il fornia with instructions 10 Salt Lake
81 agents 10 sell for what the stuff would
n bring. But conditions that would allow
q Of that presently ceased, and are not
II likely To recur. in fact dealers say that
q there Is not likely TO be any apprecia-
4 bic supply of cars for the remainder of
Il the year, so that those who neglected to
81 make hay while the sun Shines" and
u got IN large supplies will do without for
II several months to come.
Il RECORD WHEAT CROP.
81 The railroads have notified the luin-
Il oermen that the wheat crop for this
hafnr. En
n much so that 10 handle II viii tax the
q roads beyond their capacity 10 say
n nothing OF their ability 10 handle lum-
II Der. coal, and the general run of mer-
X cnandise. The equilibrium of the
"A Wholesale lumber market, Is restored
III So dealers say. by the new phase the
81 situation Is taking; rather than operat-
Fl ng ~ Il booster of prices Local con-
"a dtons are fair. one wholesaler stated
Fl today that he sold material for eight
Fl loDN IN two days, one or more houses
being Included IN each job, Dealers
n say there Is not us much building as
II laNt IAN. but there is considerable lust
n me same. and with material on hand
II me trade feels satisfied. II Is reported
lhat mo- shingles are coming ~, but
+. mere " quite lot on hand. Some
II yards are receiving lumber shipped
II rom the Northwest six weeks ago.
Il HARDWARE TRADE.
II The hardware trade reports condl.
sluns continuing favorable and perfect
satisfactory, Business for this
current month is proving better thar
lne same month OF last yoar, WITH
III Iupld ana steady sales OF all seasonabl,
Fl supas' Especially noticeable tx III,
81 uemand for automobile sundries an,
ulcyrle supplies. But, every class ol
SUN Is selling well; and dealers m,
,ennHfklns That people are buying lux
n ulleh- that ia, things they do not ne
sNaty need, and could do without
Fl !lelu glasses arc selling we'll, so ar,
inc costlier lines OF hammocks. A yeai
~ people were content 10 do wit
Sheap and lnoffensive hammoeks; nov
80 wont look at anything under 81
~ The metal sportsman boats nrt
.H selling rapidly. being picked vi
a. iNst as they are brought IN iron
tnh cast Idaho is a heavy purchnse
~ ms direction, There nre large
II identities OF garden hose being dls
ssp or Notwithstanding II has beer
Wn rainy season. Saddles are solC
az lhAl as they can be made contractors
supplies and mining nlnchinsry con
Snue Va ma ar ready a market an tbs
s'hlrts can wish. The stove marke
~ neslhning 10 stock np, ana IN genera
We trade expresses the belief that In,
nu ana winter VIII witness larg,
volume OF business.
WHOLESALE DRY GOODS.
IN The wholesale dry goods trade, 10
h lohbers report goods for tho fal
9 winter trade arriving IA large lot
snI m reasonable times. They say III,
elFoads appear 10 DO In better eondi
bstorao ,tanspori aud deliver goods tina,