The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-06-16
WEATHER CAUSES
SLUMP IN TRADE
Retail Business and Building
Operations Are Heavy
Sufferers.
RESORTS ARE HIT HARD
HARDWARE AND IMPLEMENT
DEALERS ARE DOING WELL.

The past week i'm business circles has
been one of the poorest of the spring
and early summer Wet, unreasonable
weather caused the slump, and the
prospects for the coming week are none
too bright.
Every trade in the city suffered, and
particularly the retail mercantile trade
and the real estate and building opera
lions throughout the city. The clerks
in the retail stores took half a day off
to go to the Lagoon during the week,
and this is responsible to some degree
for the market falling off in sales for
the past seven days. Rainy weather
goods have gone well during the week,
and the shoemen report an exceptional
ly good week for their business.
Realty and Building.
The announcement that a project has
been launched locally for the erection
of $1,000 auditorium and that 500, O00
OF the money has been pledged, has
been the most important announcement
OF the week in real estate circles. A
State street site, directly opposite the
Orpheum theatre, is mentioned for the
stood that a site in the vicinity of
North Temple and Main streets is also
being considered. Business men gen.
orally about town look on the propO-
sitiOn favOrably. The rain has shut
down inquiry on all kinds of property
and very few transfers of any kind
have been made for the past few days.
Building operations are in even worse
condition. The wet weather has effec-
tually put a stop to excavating work
all over town, and work that is not
ENCLOSED is idle There exists here at
present an almost critical situation as
regards building operations of all
sorts. 1t is almost impossible to get
facing brick, and lumber is high and
hard to get. Carpenters belonging to
the union refuse to work on jobs where
mill work is used made by non-union
planning mills, and the planning mills
are running with but half d force. Con-
tractors are hoping the situation will
clear up before the month is over, but
prospects are anything but good.
Wholesale and Jobbing.
The scarcity of cotton goods of all
descriptions is the principal feature OF
the dry goods market at present. East
ern houses are calling for early settle
ment Of accounts from their western
trade and are offering liberal discounts
for bills paid before the regular dis
count time. The retailers of dry goods
declare that i'm spite of the unfavorable
conditions under which they have been
operating this spring their trade is
from 90 to 40 per cent heavier than 1t
was last spring and with prices better
in every line.
The jObbers are getting ready for
their fall business and every house in
the city is having a busy time of it.
From all indications prices in dry
goods next winter will be but very lit
tie higher than they were last winter
The hardware men report business
good. Implement dealers are not COM
planning and the trade along these lines
seems to be holding its own. The wall
of the resort manager the past week
however, has been long and Deep
toned. None of the resorts did any
business TO speak of last week.
Stocks and Bonds.
Dealings in commercial stocks were OF
an incOnsequential nature the past week
the dizziness in other trades rejecting or
the market TO some extent Next month
several of the local sugar companies and
the State Bank of Utah, lions Savings
Bank and Trust cOmDany- the Deserat