The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-06-09
NEWHOUSE KEEPS
THINGS MOVING
His Activity a Stimulus to
Realty and Other
Lines.
COAL SITUATION IMPROVES
ROCK SPRINGS MINERS WILL RE-
TURN TO WORK.

NONil lidS UtCn ldlhlil6 -NCN
house hotel' for the best part of the
week, and general stimulus has been
given the real estate and building mar
ket from the discussion of this project
and the announcement that arrange
ments have been made between Mr.,
Newhouse and the board of governors
of the Commercial club that practically
insure the erection of club house for
the club on the NeWhouse projects on
lower Main street. In fact, Henry Ives
Cobb has gone back to New York,
commissioned to draw plans for the
structure. Fisher Harris and w. j.
Halloran are to get the plans when
they visit New York this summer, and
they will be brought back here for the
approval of the board of governors of
the club, of which Mr.. Newhouse is a
member.
The biggest sale of the week and, in
fact, of the past month, was the re-
corded purchase by the Houston Real
Estate Investment company for east
ern parties of S41a feet of property on
the east side of South Main street. i'm
mediately south of the st. Paul Epis-
copal church property at Main and
Fourth South streets. The property
brought $1,000 front foot, and the
lOOk upon TIE zeal DIS
of the trend of prices on lower Main.
Mr.. Newhouse has not decided upon
several details of the million and half
dollar hotel he is going to build on the
former Walker corner at Main and
Fourth South streets. and for that rea-
son will not permit a sketch of the
building to be published. Those who
have seen the later. however, declare it
is a Dalace.
~
have had a good week. Transfers have
ranged from $500 to $4,000 and most
of them have been residence properties.
Building has been interfered with to
some extent by the rainy weather but
concrete work has been started on the
foundations for the Boston block and
Newhouse building on lower Main. and
the steel work on the Judge building is
half completed to the second story. The
millmen's strike here is causing consid-
cradle trouble for contractors, as last
week the carpenters went out on all
jobs where lumber Is being used made
by non-union mills. The strike of the
cigarmakers has caused but little COM
ment in business circles.
Coal and Lumber.
From authentic reports received here
Saturday from Rock Springs, WyO, the
striking coal miners of that section will
go back to work next Monday their
differences with the operators being in
fair way of being settled. This news
had an excellent effect here yesterday,
for fears have been entertaind for two
weeks past that the Rock Springs trou-
BILE would become very serious, and the
result here would be little less than q
catastrophe.
Local lumbermen are not better off
for stocks than they have been all
spring and winter. The lumber isn't
coming in and prices are as high as
ever. George +. Merrill has gone to
Washington to testify before the inter
state commerce commission on June II
as president of the western retailers
association, as to the attitude of the
latter in the petition filed with the
commission by the Puget Sound lum-
her manufacturers to fore n through
routing and Joint rate from that lumber
district to Salt Lake by way of Port
land, over the Hill and Hartman lines
If the routing and joint rate go in, lum-
bermen declare that i'm the natural
course of events it must mean lower
prices for this section of the west, as il
will give local wholesalers two buyine
markets instead of one.
Banks and Business.
Rates remain unchanged in banking
lines, and there is a good demand for
money. The rise IN wheat has had a
good effect on business generally, the
situation in the west is improving
Bankers are still talking of a bad sea-
| son of crops, but the situation shows
little change.
Bradstreet's bank clearings statement
for the week ending June shows Salt
Lake twenty-ninth in the list of cities
with cle2rings at S6S36,O00, an increase
of 361 per cent over the clearings for
the previous week.
Hardware is moving in excellent
manner. every local firm having its
hands full TO handle orders. Prices are
about as they were last year in the
staple lines. Farm machinery is be-
ginning TO move better than it has all
spring. In the wholesale dry goods
lines prices are still going up. The cot
ton crop Is short this season, and this
is the cause for the general advance
although the eastern mills are over
crowded with orders. Jobbers are get
ting in their fall stocks of blankets.
The retail dry goods men are expe-
riencing a good. fair early summer
trade. with prices solid. The weather
Of the past few days has caused the
shopping trade to fall off a trffe, but
the general volume of business done is
considerably ahead of the correspond
ing period for last year The clothiers
have not had a particularly busy week.
shoe dealers are experiencing a good
business.
Stocks and Bonds.
Commercial stocks are up. Mining
stocks are depressed. and the approach
of the dividend periods is responsible
for the advance. and the past week has
witnessed a good inquiry all down the
line. with several transfers at good fig
ures.
lions Savings Bank & Trust company
last week declared an extra dividend of
4 per cent and Increased the surplus of
the institution 10 $4,000.
The latest quotations are:
Amalgamated Sugar Co, pfd.-......S 9s %
Common neutrality-suspicious.. 16S 40
Beneficial Life Insurance Co... 102 90
Barnes Banking Co. KaYsville. 40 %
Con Wagon & Machine Co, pfd.... lis 20
Common =. ..-.....-................. 105 30
Commercial National bank............ 40 %
Deseret National bank. ............... 295 %
Deseret Savings bank ...-............ 525 90
Davis Co. Bank. Farmngton-....... 100 %
First National Bank, Ogden..-....... 325 %
First National Bank, Murray ....... 1856 GO
FIRST National bank. Logan ........ 1e5 %
Sr-..,a Fire Insurance 17Q IN