Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-05-11
,ooaI Commercial Situation Has
Been Decidedly Satisfactory
During Past Week.
psNK CLEARlNGs SOAR HIGH.
am ro.titutions in This City Give Evil
dence of Unbounded Settled Pros
perity---Trade outlook.

baDl,ing the conditions CoHtlhuV'
f with a very fair demand for
NO, and rates about the same as
of the week previous Wool
-. ia being received by the local
lis for deposit which Is easing UP
The money market considerably so that
week or two money ought to De
fy The bank cleaitngs this week
earring high, as compared with
n,os. of the corresponding week in the
,,pious year. showing remarkable
,,,.r.ase of general business which
HOS well for the current year. That
~, hanks are doing an increasing
business is evident from the fact that
Nh. Utah National bank has appointed
,,,o assistant cashiers. lust a the Com
rerciaI National bank has found 1t
necessary to have also two assistant
.asbiers. All of the banking institute
lions In this city are in prosperous
,,7dition. AS witness the building OK
ANS of the finest business structures III
,,sst by the Utah savings BaRk %
,t'rust company. on Main street. Tho
new, building With it's white stone front
and heavy. elaborate copper cofhlce'
makes a fine showing.
REALTY INQUIRIES,
Tho real estate market has not been
csnecialIy cventful during the week.
but there have been many moderate
sized transfers. and many inquiries re-
rored from home people az wen as
from outsiders. prominent realtS
man was asked today, why the real
estate men persisted in so booming the
town as to bring in more people than
rould find lodgmcut here. He replied
that was all right; let them come even
more than the town can take care OIL
they will find some place to roost any
now. and il will not only stimulate
building, but give the city q reputation
10 the cast as an enterprising cohiuer-
eial center
BUILDING ACTIVE.
Contractors report building going on
over the city as fast as material and
labor can be secured. Moderate homes
continue TO spring up all over town,
especially on the east bench, southeast
of the city, and on the west side, where
the railroad population is being more
and more located. However there is
a Stacking up of-Well, expectations Mt
the Gould railway depot site, so that
there is 10 certainty when actual con-
structlon is to be commenced. Realty
values continue TO appreciate, property
on west Third South street being no.
tlCGhDle III Tue AtltlflltN At Tlf.t IL WAS
reported this morning that piece OF
property on that street mad been trans
ferred for $50 000; but local real estate
men who were questioned, protested
Ignorance The work OF demonstrating
Second avenue is progressing, and the
north side OF east Second South street
has been aSphalted to Ninth East with
preparatory work on the south side of
the roadway being pushed as fast as
possible.
HARDWARE ACTIVE.
The hardware trade reports the,
past week one OF the brightest and
heaviest IN the history OF the local
trade. There has been a call for
everything in the hardware line, from
farmers implements. contractors and
miners supplies. builders hardware
ana wire, household hardware, sport
Ing goods and bicycles. The trade re-
ports the sale of more bicycles than
ior long time past; in fact there
seems to be a renaissance in this line
OF vehicles, Notwithstanding the mar
Vicious DEVELOPMENT of the automobile
trade The demand for harnesses
continues unabated.
LUMBER TRADE.
In the lumber trade, dealers re-
port better feeling and "A general
Willingness To proceed with building
'HNAdAltllS llldu W as tNlueiL ~ DAYS
ago People conclude that labor and
material will remain about the same,
ana as all pay the same price, 1t
places all investments IN that line on
% par, with the assurance of a return
on Investments in the way of rentals.
Dealers also report more work in
sight than we have seen thus far. and
more figuring going on" The local
yards have so much difficulty in Sc
curing material that they are obliged
10 buy from competitors to a greater
extent than before, Local dealers
pay high premium on cedar shin
giles, to maintain their supply un-
tli the car situation has improved.
shingles have just been brought into
SAT- Lake that were carried by vessel
llEn the Puget sound country to San
Francisco and then hauled here, be-
cause II was impossible TO secure cars
IN the northwest, and there are al
ways cars TO be had at San Francisco
because there is so much building
material being hauled in there. But
this round about way OF shipment in
wolves an excess of 100 per cent over
tne usual freight rates and premium
dealers are forced to pay to maintain
Their stocks of shingles. Dealers re-
FORT tie business situation such that
thtfe is no profit in this particular
me However this condition viii
cnange Within so or 30 days IL the
railroads. viii fulfil promises as to
the supply of ears. II ls claimed that
W the northwestern millmen take no
orders for the next four months. i.
WIZ take them all that time 10 catch
up with the orders now on hand. II
iA remarked In the trade that while
IN some lines thare has been advance
ol 90 ana GO per cent IN the last two
or three Years, the general advance
mas really boon less than 10 per cent.
Wholesale DRY GOODS.
The wholesale dry goods houses re-
port q few receipts OF glnghams or
uered a year ago They are fine dress
goods IN black and white stripes and
checks ana plain grays,quite attractive
in patterns Guile a trade Is reported
as sprngng up with Nevada, whose
letail trade Is looking more and mora
toward the salt Lake market for sup
pies nouceably IN the way OF house
Inlnsd, quilts, blankets and mons fur
nisnlnes, The general situation 10 inv
dcauNe of confidence with sincerity
~ Delef Of the peimanency in nigh
prices ana merchants throughout the
htats are buying more freely than they
were a year ago. IA costs more 10 pro-
. nuce goods now than ever before, Ow-
lns 10 the high cost of labor and ma
teflal' noticeable feature OF the
week has been the manufacture by
prominent salt Lane house of GOO wool
nhss ~ response 10 earnest request.
heretofore. these have been made IN
ran ffhnclsco mostly; but the cali IN
lhis section has becn so urgent that
me mousse varied from It's usual Gus
lnln ana made up the goods, In silks