The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-05-26
MOVING DAY IS
NOT So POPULAR
Rents Are Going Up and Public
Is Not Disposed to Change
HabitationS.
BUSY WEEK FOR RETAILERS
'ACTIVlTY is SHOWN IN ALL
LINES OF BUSINESS.
BUSY WEEK FOR RETAILERS

While the past week has been quiet
commercially, the volume of business
transacted averages up we'll with the
business of the previous weeks this
spring. The rental market has prob
ably been more active than anything
elise, though the hardware men have
Mad busy time of it.
Rentals are steadily going up and
the houses are getting fewer. AS June
approaches and families prepare to
dnove, the situation, which has been
trying all winter and spring, gets
Iworse, and it looks now as though this
would be the highest moving year the
city has experienced. Moving van
lcompanies say they will have no trou-
bile in handling all the families that will
lchange locations, where a year ago
lthey were showed under with orders.
The situation in building operations
lRboUt the city is largely responsible
for this condition of affairs at present.
The high prices of lumber and the
scarcity of facing brick, together with
the demands of practically every class
lof skilled and unSkilled workmen in
the city for higher wages, has tied up
a considerable amount of building. Sew
,era1 apartment house projects have
leen abandoned by their prospective
builders this spring because the cost of
labor and materials has advanced TO
such an extent in the past few months
that they find it will cost them from
10 10 25 per cent more TO carry out
their plans than was originally esti-
mated
The car shortage shows no indication
of improvement, and there is very little
lumber coming into town. The local
ishhngle stocks are entirely depleted.
a Banking and Real Estate.
Banks are experiencing a fair de-
mand for money. and there is plenty on
hand to meet the business. Bankers
are rather pessimistic over the crop
outlook, and while rates are unchanged
for the present, there is a strong posi-
bility of their going higher. The new
quarters of the Commercial National
are being completed in the Commercial
building. The bank will move in the
course of a few weeks, and in the new
room they will occupy one of the finest
and best equipped places in the inter
mountain country.
The Salt Lake Savings & Trust COM
pany has formally opened its new safe
~ deposit vaults to the public. The
new institution is a credit to the city
The Deseret National bank publishe:
its statement for May 20, showing tht
deposits to be sass, O22.22.
A goodly number of residences have
changed hands the past week and, will
The purchase of a building site at Brig
ham and A streets by the Salt Lake
Security & Trust company for S21 600
the market has held its own remark
ably well, as the week has not beer
particularly favorable for the dealers
A dozen or more transfers ranging
from $4,000 to $4,000 have been made
and the inquiries have equalled las
weeks.
The dealers are up in arms over tn,
refusal of the abstracters of the coun
ty to grant them a larger discount OF
paid bills than they are granting thu
general public. The matter has beel
taken UP by the banks and loan agent
about town, with the result that a
least one and probably more new alb
stracting offices will be started by loca
men, where real estate dealers can Sc
cure a discount of % per cent instead