Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-23
BANK CLEAR|NGS
RUNNING AHEAD
Regular and Natural Increase OF
Business Over That OF
Last Year.
UNION SCALE LIKELY TO RAISE
Some Uneasiness Among Contra ctOrs
Owing. to the Uncertainty OF the
Fnsrrc Wage Schedules.

The local business situation contln-
..ues to show cause for strong antlcipa-
tlpns as 10 brisk conditions. unles Ia
Dor complications arise. particularly
In the matter of further advances IN
prices OF labor and material. In bank-
ing tho events OF the week nave lh-
cluded the declaring OF sizeaple ctVi-
deud by the Deseret Savings pahk.
Hanl,ers yaporr not much demand for
money Mt present, as investors have
largely about what they want IN hand
The cIearings are running away ahead
of last years figures. sS0oipVV anc sapu.-
1000 al a clip. due, local hranciers say,
to- the regular and natural Increase OF
business over that OF the year previous
"A feature of the week has been the
action OF the executive committee OF the
Clearing House association In taking
stand against any more Overdrafts.
The policy TO go into effect April next
AS a result, parties thus Indebted to
the banks are hurrying around for cas,l
with which 10 cancel this class Of OBJ
legations, There is nothing really In 1t
Tor the banks. Overdrafts are not me-
gotiabIe and cannot be listed as an
asset, and cannot be collected like a
pr0nissofy note.
REAL ESTATE MARKET,
The real estate market has been fair
and on lhe whole satisfactory, with
reas onable antcipatfons of good year.
There is an Increasing demand for
bMIldig sites on the north an beast
benches, also in the far southeastern
f.gt IN ianu,
are being rapidly built up SO that mod
crate residences are seen IN process of
cree tipn one week. and seem to be oG-
cupld the next Nothing like it has
been known before In the history of
the city. The demand is mostly for
houses of four to seven rooms, which
are picked up as fast as built
LABOR UNION BpGEy.
But while realty men and contractors
agree that the necessities of the town
demand new houses, there Is appre-
hensipn that the labor unions may so
raise their wage rates as to seriously
hamper the building movement Indeed,
1t is stated as fact that many
people intending to build have become
so discouraged at the enhanced cost
over what their anticipa lions h.d led
them to believe. that they have given
uP all expectations of building for the
present One architect Says u party
planned with him for a double house
which 1t was supposed would cost s4.5O0,
When the time came for beginning
work it was found that the figure would
he not less than $1,000, The would-be
builder concluded he would wait awhile.
He is waiting yet Such stories as the
above may be heard In every architects
office. The brlcklayers are up to S.
Per day, the plasterers 81, the plumb.
nea.
terial advance. Even the Transfers are
reported as ready to make a demand
for am increase from Sl7 to 81 per week,
and they are doing no barn work. Ac-
cording to the contractors, all classes
OF labor appear ready TO demand in
crease OF pay, Bosses are told by the
iourneymen that they can raise their
prices to consumers Ia proportion. But
the bosses say that II they do this, II
will brighten people from building or
making more than the necessary lie.
pairs.
INCREASE IN MATERIAL
In certain lines of material, there Is
prospects OF Increased cost, as with
lumber; but prominent brick man told
the writer yesterday. that the brick sit
uatiOn was easy now. so that common
brick can be had on call, while facing
brick can be delivered within 30 days
ftom time OF ordering, The brick man
claimed that all fears of shortage were
a thing of the past One prospective
builder claims he was informed that he
could not get the brick he wanted be-
fore July; but 1t is CLAIMED ON the 9th.
or hand that this must be special
quality and style that requires time to
ma nufacture.
The Construction News reports Salt
Lake as twenty-ninth In the list o. the
principal cities OF the country, for
building during February. with q
structures erected, valued at Sll6.sOO,
as against 80 and $l0605O for tho same
month of last year
HARDWARE TRADE.
The hardware trade reports many in.
qulIes for building msterlal paints.
oils, varnishes, builders hardware, har-
nesses OF all Kinds, saddlery, wire fenc-
ing, mining and contractors supplies-
r But there is as yet little cali for house
hold hardware The demand for steel
goods and mechanics tools Is reported
strong and dealers say II is evident to
them that the greatest season in the
history of the trade is about 10 open.
At tho same time, they find It hard to
secure competent men In their lines ex-
cept al highest wage rates 1t seems