Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-30
BANKING Rates Are Reported Stiff
fer In Salt Lake During
The Week.
REAL ESTATE MARKET QUIET.
Many Inquiries From All Over Country
But Holders Are Prone to In
Hate the Prices


a little backward on account Of the cold
and uncertain weather. III pankiins'
there is at present lively DEMAND LOT
money, so thnt the rates are reporter
sitter. The money thus loaned by the
banks is going out in many direetioHs'
with considerable of it for speculation.
as In mining stocks, etc. But the flnr-
res east have had the effect on making
investors rather conservative. ana care
full. There is some apprehension as TO
tho outcome of labor troubles, railroad
difficulties, and other uncertainties II,
the industrial situation. yet az me same
time there is a disposition 10 be optl-
r1,srIc and not cross bridges until they
are actually reached, The clearIngs are
still ON the upward tendency with 0aily
increases over the corresponding days
of the previous year that are crafty
Ing. The special event of rae week, was
the announcement Of the coming estab-
lishment of the Garfield Banking cofl-
panv by the Mccormick interests. Such
an institution has been Al really much
felt want there, with the growing settle
,nent. and when The Utah Light & Rail-
WAY company has extended its system
from Twelfth South street TO Garfield,
the new town will grow faster.
REAL ESTATE MARKET.
The real estate market has expert
eDced another quiet week. A prominent
member Of the Real Estate association
explained today why there are no more
transfers when there are so many IN
qulTies from different parts OF the cour-
try about realty investments In thi1
city, and Why business Is not brisket
He said: MANY property owners in
this city continue to hold exaggerated
ideas as TO valuations; ana there are
enough of such TO stem the tide OF
trade have $4,000 With which 10 pur-
chase home. | went up on to Sixth
avenue TO invest In property that at
Iracted my attention, property worth
about $4,000; and would you believe It,
the owner insisted ON $500, the adj
vance being because Mr.. Newhouse was
about TO erect his two great buildings
on South Main street Now, as long as
property 10 held at an excessive valia-
ton, how can we expect much real es-
tate business?" Others beside the
above speaker have made similar conn
plants.
But little has been said of building
In the west sec tion OF the city. and yet
there is an immense amount of 1t west
nf the line of the Rio Grande. Whole
streets. as Hazel street. have been
built up solid with moderate, yet COM
Portable homes: and the same may be
said OF the northwest psrt or the town.
Blocks which but II comparatively
short time ago We're vacant lots, are
now solid with residences. These new
homes are occupied by employees OF the
Oregon Short Line and Rio Grande
roads, and by people employed west
OF Main street New homes also con-
iinue to spring UP ON the north and
east benches, many of them quite pre-
ientions- 1t Is becoming more and mora
evident, that if the Dor unions do not
interpose demands for higher wages,
ana thus largely shut or building, there
he en- MOI Go. In
number OF houses Realty dealers re-
mark that the demand is for houses
having four to seven rooms, which can
hardly be had. while OF larger houses
there is plentiful supply. The letting
oi contracts This week for the excava-
ton of the Newhouse buildings marks
an epoch in local real estate and build
ing operations. Active operations are
already underway, and there Will be no
cessation from now on. Work on the
site of the Rio Grande passep ger sta
ton continues the new west side manu-
Featuring plants are pushing things
and the packing plant at Bountlful is
making good progress.
BRICK MAKERS HAPPY
The brick makers are happy over the
prospects. barring possible labor trou-
bles. Like the coal dealers they have
been troubled greatly by the scarcity
OF teams, SO that one large concern has
solved the problem by making extern
slve purchases OF own teams for its
own hauling. AL this time of the year.
teams are wanted on the farms. by con-
tractors and railway construction firms
and for many purposes in many dlrec-
lions. This has so hampsred delivery
OF brick that this particular concern
haas taken steps 10 obviate further en-
harrassfnent by having Its OWN teams
ready for service. The local yards gem
orally ARE reported In good shape for
business This spring, with no feaIC
Whatever of any shortage. The Salt
Lake company is In receipt OF its ma
rhlnery for the great kiln which wall
he completed now In 30 days
RECORD BREAKER.
The hardware trade reports the
month of March as 1t record breaker,
July 20 per cent better than the SANS
month OF 1906 and with each week
overriding the business of the week pre-
vious- The jobbsrs have been busy
supplying the retail dealers with stock
soous Tor spring consumption which
me latter regard as certain to BIZ un-
usually large. These gods include
Mic 1enclng- wire CLOTH garden ana
farm Tools. household hardware, build
crn hardware, while 10 The mining
railips are going In increasing qnanti-
Nes. contractors and mime supplies and
machinery. The bad roads have been
nolatns BACK mining CAMP shipments,
put VIVID their Improvement. the output
~ increasing The hardware trade is
more or less anxious a. To the outcome
OF Inc plumbers strike. as dealers agree
with the master plumbers that were
the strikers 10 gain their point, the 9TH
err trades would demand a raise al once,
and make building so dear as to cur
iail ~ aud thns diminish the demands
on the hardware as other building
trades.
IL is interesting to note thai accord
inE To the Iron Age, Salt Lake has
work IN hand aggregating over 5000
tons OF structural nlhaoriai Of which
some 5000 toms has already beer con-
tracied for There Us q great cali for
structural steel all over the country, The
American Bridge company alone re-
ceiving this month orders for 90, 900 TONS
WHOLESALE DRY GOODS.
The Wholesale dry goods trade re-
ports the aastetn manufacturers catch.
Ing up ON their orders, and the rail-
ways STRENGTHENING Oul the congestion
or freights, SO that delayed stocks are
arriving In pretty satisfactory amounts
However the famine In singhams con
ilnucs unabated, and Inquiry after
Amoskeags only brings the response
the there are none az all. So many
people will have 10 do without their
staple glnghams. and utilize for aprons
such material as percales- seersuekers
and calcoes the seersucker being es-
sentially zephyr gIhsnnan. IoDbsls
report the sales OF cotton as smaller