Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-09
A Vast Amount of Salt Lake
Capital Is Going Into
Nevada Mines,
A STRONG REALTY MARKET.
Ground Is Broken for the Sold Depot
building Activity--Brick
Outlook Good.

xne local business situation for the
week Is more promising than ever. as
the spring is opening early, and tire
general commercial atmosphere seems
permcated with the ozone of imminent
prosperity. The banking situation mas
MOI been punctuated with any specially
noticea Bile features, but the amount of
business transacted has been steady
and encouraging There has not been
much of demand for money this week,
and many people have been investing IN
mining stocks. Bankers report size
able boom In mining, approNimattng
the excitement OK six years ago, only
that this time the excitement has q
more substantial backing, through the
permanent development OF the great
copper properties In eastern and south
ern Nevada. II is stated that the pub
JIG does not realize tho amount of IN
vesting that is now being done in this
class OF properties.
The substantial character Of the pres
ent condition OF the Salt Lake banks Is
illustrated IN the Zipn's Savings Bank
& Trust company. whose resources and
liabilities on the 18th ult amounted 10
s5,120,O 900, with deposits at s4.734 900.
Both OF these amounts have since in
creased. The deposits for the month Of
February last exceeded the deposits OF
the same month last year by SELL, 900
The ciearings for the week are once
more considerably IN advance OF those
81 the corresponding week of 1906; i'm
tact the entire financial trend OF the
rity appears To be OH the upward path
with 'Excelslor' for its motto.
THE REALTY MARKET.
The real estate market continues in
healthy status. While there have nor
oeell transactions OF special note, there
Der OF moderately sized transfers
which Indicate gratifying conditions.
tt is pretty we'll settled that the erec~
ton OF great buildings south of Fourth
South street will require such heavy
loQ'iHgs ana extensive subsoiI work
generally as TO entail an extra expense
nut or proportion to benefits to be de-
lived from building south Of the line
mentioned Consequently, It is safe To-
lay that in the future rye structures
SIN 80 up between South Temple ana
Fourth South streets. Real estate deal
srs report scarcity OF houses, and say
slat II there We're 100 moderate sized
dwellings, within reach they would be
htlcd Immediately. II not sooner II rs
currently believed that there wsll be
70 times that number erected this year,
ma AL occupied without delay,
BUILDING ACTIVITY.
Work on The new Gould depot
grounds has already begun. ard bids
IRE being opened and considered In
Chicago for building the main struc-
lure, results from which are expected to
Pc learned In this city daily. Contrac-
lor a Campbell received a message
yesterday afternoon, stating that his
BID was being consid cred. but no further
Information was given. The wooden
lheathng over the new concrete struc-
lure OF the Bell Telephone building In
Ibis city has been removed. as the
weather now allows OF open air work,
Ind the spaces between the supports are
being rapidly bricked up. Active con-
ltruction has been resumed on the Utah
Savings d Trust company's building on
South Main street. so that the seventh
story viii he completed this month.
Nothing has been done of special note
his week on the Newhouse buildings
proposition beyond serving notices on
occupants to vacate by April ! next.
The Sharp apartment house Is Well UNI
Her way at South Temple and II
Itreets, TO be filled right up as soon as
teady for occupancy The Salt Lake
Public Service companys great con-