Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-01-12
|l[l0jUsTMENT0F
LOCAL. BUSINESS
), Next Week Conditions VIII
|H Proceed on the Even
Tenor Of Way.
ar,l7Y DEALS THE FEATURE
-. stellar Turns Was That oil
A''T Ts.,n ward square TO the h'r-
riman Interests


riman interests
...,ress is readjusting itseli
lc'al rbristmas holidays, and py
after w. week, local conditions wn'e -.
another MORE or less disturbed or
have pee, ram the regular run of events Is,
saa b., :. hsck in the old channels ~
W. s ~ the local demand for n,o" &C.,
~ heen fair deposits are SLOW, STOW. ~,
has 49, The rates Of interest a's
e, sant the same. with general business ,,an
about VI, Tss clearing House association
f0Oa . annual meeting this weeh'
n,la NJ rsv officers were chosen ana ' ',
ss shifted in turn rom ~" :.
mas national bank TO the BANKING
Desc psss'' a. W. S. Mccormick 8 Co. Then =,
ny scheme which has been attemp'e u
,n' ~ s,ate before. that of utah
s !. Bankero' association, has once
s.s .. hs,n taken up, and this time 1t
nOI' y though the move would be
successful
STOCKS STRENGTHENING.
Tho last weekly Wall street coniideh-
~ ,o,,ar which reaches this city az
.S" close Of each week says; Prices
- st,cks during the first week OF inc
w.. var slowly strengthened ana
. ~. sharply the last two days of the
. rss, rejecting easier money condi-
,,... The banks gained from the m
. ..,, something like 100000, but
rsysrtheless the last bank statement
made an unfsvorable showing Loans
.boved an enormous Increase, ABOUT
us I'M 600 while the reserves declined
!, oOO 900 so that they amount now TO
cnlv sli7,sOO. The bank statement
usrns us that we cannot expect very
much easier money rates in the near
future in fact Il is not expected that
tho average rate will be much below b
per cent throughout this year. Ihis
view of course excludes the possiplllty
NJ active congressional action as to our
monetary system during this session,
II is becoming more and more eVlueht
now that the senate at washington
takes the view that the bank note cir
cula,ion Of the country ought not TO
be increased except as In the man
ner now legally authorized. the sem
ate. however, seems not TO make
objection 10 the contentious mat
the laws limiting the retirement OF
bank notes 10 100000 should
4 be abolished that all the public money
4 should be deposited in national banks
on payment Of a small rate premium.
and that laws should be passed legal
fling the practise Of the treasury in
taking other than government bonds
as security for deposits Of public
money. More than this should not be
hoped for to be enacted into law.
Further facts OF great interest were
the developments which were brought
10 light by the interstate commence
commissions investigations into the
affairs OF the Hartman roads. 1t
was brought out that Mr. Hartman
has acquired for the Union Pacific
since last June, stocks OF a total par
value of over 100000 900. The most
Interesting Of these investments was
Tie acquisition OF the New York Cen
lFal stock. rumored about year ago,
bat denied by the Union Pacific. IN
asmueh as William Rockefeller per-
..onally owns a large interest In the
New York Central. II is believed that
the Hartman roads from now on will
nave large voice in the management
q The New York Central. In this way.
Ms Union Pacific will secure entrance
INTO New York.
A QUESTION OF INTEREST.
=. "A question Of interest is how the
enl9h Pacific paid for these stocks.
~ June 80. the annual report showed
mAl they held S21,000,O0O In cash.
't9vOoVO In demand loans and
se9n. |lLOO0,OOO OF Great Northern
ssd Northern Pacific stocks, n total
i2S'oOO,O00. From this II would
~ Ps surprising II the rumors cur
i', IN wall street lately that the
gnlon Pacific interests have sofa
Isisely Great Northern and Nortbarn
,r NM s9eks should prove true in
r ,s,S VI aenlals' In this way they
h nai aaIS secured the necessary cash
a'aSe me acquisition referred to-
,,, ~ t, ~ the letter, after refer
$50 M 70 me bond market. SAYS: "The
,.o"I'g IN the interest rate OF nav
niues must continue 10 affec. the
nav ,,'He' value " older securities which
tv w ssa0,ns.al,erably less income 10 the
THE LOCAL MARKET.
q, ne ,s local realty market has been ono
~. s'aaS Improvement during rho
49, Dealers report that innnir,ss
M. 10 purchasing for buildine ara
tlne I'M, W advance of the usual
balSing neslorh seem 10 realize that
unuaa11l,o operations are likely to begin
yop0ss airy this season, and they
10 bs o w oe prepared. 1t IL coming
nsn.s ssenetally believed that an i'm.
MAJ uH H',Der ot new buildings OF all
IAN. WI oe erected this year in Sail
a mn ~ desirable sites are being hunt.
htasrls," Iol residence, business and
Raj ~. purposes. The Salt Lake
nss,,na 'ate association held its annual
s,a iis lhls week and chose oft,cers
liaress ' tro,. 70 a stirring, II not urgent
70 he e mv,,l lE president In opposition
ralwav establishment here OF n state
fsmber, commission. Whether the
W the cuS a. me association viii take
',com m, ou1eels against the scheme ne
if,slssne,h by Judge Colborn The
A fea,,,. remains TO be seen. w
M. 'ature OF the week ,vas ~ $50.
David Ksi,h e Ienth ward square from
way comns r oy me Utah Light & Rail-
Issps '.TrP pdy for car barns and renair
y ismluss WI locate large humber
h se t,reinlty, this making II M l n
'Isslor Cara Cara population. Then. cor.
|nsry on n@lupell has begun prelir-
iiopertles aslons On the Newhouse
'ls sreai ,p,eHlous to excsvatinr Sor
b. VAN io9ndations, ami me ai, ~,
,ro,nssiey House with tho IT, SUE OF
Ilneture 81 an attractive businass
Tn buiId,re' = a matter OF note
much his lung Trades are moi doi,,u
fe hst c s,'le OF year. The brick p ms
M AN ,h haiehlns up on thar nrd ,nnn
rick thai MN mnen spring opens ali liz
and 10 nj, may nay be wanted win he ' n,s
.llars sra orders without delay NJ "n