Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-07-27
Bank Clearings Continue to Soar
And Run Away Ahead Of
Former Mark.
INQUIRIES FOR COTTAGES.
Many People Anxious and Willing to
Secure Small House--Building OPP
erations Show Healthful Activity.

more confidence In their stability. In
banking, there is reported an increase
An thee demands for loans, with nat
ural stiffenine in rates of interest. Peo-
rle appear to be ready to embark In a
wide line of enterprises requiring ready
money. and the man with money in
hand is the mere likely to reach the de-
sired goal.
The bank c;earings continue to soar,
and run way a,tad OF the figures OF the
cal banking men are gratified with the
restoration of confidence in eastern
money markets. which the temperate
tone of the report of the interstate COM
merce commission on the Hartman in
vestigation has tended to bring about
Then the general situation Is improved
by good crop reports, and by slightly
easier rates In time money. However,
attention is called to the fact that thu
supply of floating capital has been
practically exhausted by the heavy over
issue of new securities. and 1t is held
that the natural correction for this is a
rest permitting the accumulation from
rational savings of a fresh supply OF
boating capital. Eastern correspond
ence reports unfavorable features,
and as soon as abnormal con-
ual stiffening of intrinsic values
may be anticipated. 1t is cid there is
no room for excessive speculati7 on
ar.tions, becaus If the limitations Of
the money mtrket generally IN this
country. Commodity prices are le-
caided as ye' too high for ex ensiv-
Pens looking Into the future. Monoyed
men say the war talk between Japan
and the United States has proven an
itIe dream, and is being relegated To
the past In international exchanges
the situation of the United States Is
considered satisfactory as the American
iude btedness ABROAD is much less than
IL was year ago.
The real estate market has been I'M
eventful this week, though dealers
agree that 1t has been healthful, and
with the number of inquiries coming
along. 1t is evident that no apprehen-
sion need be felt for the future. The
private sale of the ID. F. Walker block
to David Keith however helped out
considerably. There is a constant
stream reported of calls for cottages of
four to six rooms, with a fair demand
for houses of larger accommodations
but 1t is gratifying to note that there
Is no organized effort to put UP rents
which are already high enough in all
conscience. Reputable dealers are talk
ing of having the Real Estate associa-
ton take some action looking toward
the more substantial construction of
cottages and email residences, many of
which are now built without due regard
to soiidity of structure These are put
up by contractors and builders indie
pendent OF. architect supervision, they
are put up. at a comparatively low fig
ure, they are "built to SELL" The re-
suit is that in a few years afterwaNd
the walls crack and sag, the founda-
lions settle, the window casing are out
of plumb. and there is trouble gem
orally. Thoroughness, II not honesty
In construction, Is said by dealers to be
often a desirable quality in Salt Lake
as we'll as in some other parts of the
country.
BUILDING OPERATIONS.
Operations on the large buildings
now going up are being pushed. With
the two Newhouse blocks, the Railroad
Exchange building under construction,
and that of the two Union passenger
stations in immediate prospect, ana
number of new moderate homes going
up over town, the building situation
is in very fair condition, notwithstand-
ing the anxieties attending the I'M
certainties of the labor market The
brick men report no more trouble of
any kind. The great new kiln of the
Salt Lake Pressed Brick company Is
In operation, and IL there Is any delay
In getting brick II Will be because OF
shortage in seams. A prominent brick
maker says there would be great deal
more building of homes II people could
figure with any certainty on the labor
market. But when a man gets started
on building, and then finds strike
OF mechanics on his hands, 1t Is apt to
diminish his ardor.
HARDWARE OUTLOOK.
The hardware situation continues
very gratifying. There Is steady de-
mand for all seasonable goods In fact
goods In every line of the trade. 80
that dealers report times as consider
ably ahead for the current month, or
the business during the month OF July,
1906. In fact there is an increase IN
every branch. especially mining ma
chinery and mining camp supplies,
Hardware used in the coal mining In
dustry is also in rapidly increasing de-
mand. as is builders hardware on ac-
count OF the continued increase In the
number of new and small houses for
homes Of the salaried classes. Quite
a sale of borax is reported used in
washing. as owing to the rise In laun-
dry prices, many more families arc
doing their own washing than former
~, and borax Is found help in tho
work. Then dealers are aelliag large
quantities OF sporting goods. such as
fishing tackle and general equipment,
lawn tennis, golf and baseball goods.
automobile supplies, also, increasing
quantities OF paints. oils. and glass.
There Is as heavy demand for har-
nesses and saddlery goods as ever,
with the shortage as marked In oper-
htives a very large number of ham
mocks have been sold and dealers are
getting their seasons stock of this
class OF goods off their hands as rap
idly as possible.
LUMBER TRADE.
In the lumber trade dealers report
the market ms steadler this week.
They have JUST received notice from
the railroads OF am advance In rates 10
30 into effect Oct. 1 next, The adj
vance win be 10 10 30 per cent, en-
hanoing the value OF every stock Of
lumber In the city secured prior to the
date mentioned, and every dealer viii
90 his best within this time to get In
All the lumber II Is possible for him
70 lay his hands OH. Local lumbermen
say there Is great deal OF building
going on In town that architects do
not know Of. so that tho business by
no means IL dependent on orders from
architects offices, There Is no talk OF
shrinkage In business. there Is not
single lumberman whose trade has
not Increased. The A. s. & X. COM
pany is about TO let contracts for 100
more houses AT GARFIELD, which will
nycruQa 81 ZOO pach a Mica llttla aiit-