Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-12
WEEKS TRADE WIS
EXTREMELY BRISK
u,olesaIe and Retail Houses
ryperienced a Rush Of Bust
ness During Conference.
MICH DEMAND FOR HARNESS.
,u,.,r Machinery Being shipped Into
Nevada from salt Lal'c--local
Money sun. hut Plentiful

., fbo local business world the gcncr-
.if.slire ls that OF security and rea-
.,rab.c hopofulness Cor continuance Of
,.rsyauiuc satisfactory conditions. Ia
,snkInr. the situation is promising. Lo-
al frauciers say that the laying on Of
!, many minors iu Montana with pros.
meet of lcssening tho output OF ore
bsrs at homo would put "a brake ON
~ wheels OF commerce. But so fs-
there have been no effects observable.
II may Doe stated that Utah is enjoying
IN he greatest degree. the solid pros
neaiy OF The entire nation. Money mat
tsrs are running smoothly in Salt Lake.
vim the demand for money locally
good and rates stim This Is also the
sae I'm the cast whore. ~ anything,
rates are sitter than heretofore. one
mrunate factor is The small amount Of
tusness done iu the New York stock
exchange. thus leaving money 10 flow
freely iu the ordinary channels Of trade.
so0erythiug, at present. looks healthy
ana sound. one thing that comes is
the favorable reports from the east,
eredllly New York which leads to
some MISUNDERSTANDING viz. the rate
nr call money. Customers frequently
come 90 bank to borrow. and whom
,0l the rate they Immediately quote
hoa cheap money is Bop New York. by
referring to the latest call quotation
a prominent salt Lake banker says it
should Dee understood that call rates iu
New York are for money that has nO
reference whatever to gcucray money
Transactions. 30 merely refers to what
tha banks may loan OF their surplus
cash for ON tho stock exchange from
day Co day Thus, ono customer might
fct % quotation OF per cent on cali
on his stock exchange securities ana
yet hs asked per cent on "a regular
time note. Call money relates almost
exclusively TO stock exchange trans
actions
REALTY STILL QUIET
The realty market has witnessed am
other quiet week. the trading being
mostly transfers Of properties bearing
moderate values which in the acgre-
gas. amount Co considerable. ana ape
pear TO Doe satisfactory TO the real os-
tate dealers. Sales of properties m
the southeastern section of the city
seem 60 bee out of am proportion 90
similar transactions elsewhere, and cote
t3ges and other varieties of moderate
sized homes are goiue up 500 thickly as
% occasion much Woudcrment particu-
larly as prices OF material and labor
do not abatc. The extension OF the
street railway system down Thirteenth
East street from the First South street
Inc 10 the state prison win greatly
facilitate the building up of that part
NJ the city. There is also consider
able building activity ia the eastern
and northeastern sections OF the city.
md the proximity of the city cemetery
hoes not rccm 90 deter. Cunstruc-
ton is D. 9g rapidly pushed on the
Railroad Exchange building after
DELAY caused by inability to secure the
special line of facing brick desired I'm
sufficient quantities. but this is be-
iHg remodied- Al the Ncwhousc build
ingg large quantities OF stone and struc-
tlra. steel are being stacked up prep
awtOry 10 active construction which
WIZ shortly begin.
NO LUMBER ARRIVING.
The lumber trade reports car con-
dItions worse, m anything than ever
before. There is nothing arriving
practically with the mills shutting
Gown. and The railroads saving 10 win
De six weeks before conditions are
any better. In the meanwhile there
Will be no halt in building operations.
with five large jobs In view which
Will call for good deal Of lumber
For Instance. there is the Folsom
warehouse calling FOR $4,000 worth
of lumber the $4,000 Lyme ware-
house and the new warehouse and
improvements at the Salt Lake brew
Cl calling for heavy cousigumcuts OF
lumber the Kay warehouse which win
need $4,000 worth Of lumber and
other warehouses. the details of which
are withheld. but which win involve
$4,000 OF outside capital it is zee
ported Then one contractor reports
bis purpose to build 10 houses IN
the southeast part of the town. rep-
resWtug au outlay of $4,000. most
of which win go into lumber. Dealers
claim there win DO no material
change m Dricos of labor cor material
for h. next three years one pr0mi-
uut dealer deprecated the hue and
cry mode hy some property owners
as % rrices. as they ignore. ne said.
comparison of the price of building
hth tHn selling price, one man maxi
hg uont of "a per cent. oven with
prices no their present standard.