Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-28
LOCAL CONDITION
OF FAIR COLOR
Commercial Situation One Full
OF Hope for Salt Lake
Business Men.
NO PREMIUM ON CURRENCY.
All Indications Point TO Early Retire
ment OF Cashiers Ccrtincatcs--
The Local Markets.

The complexion OF local commercial
conditions is OF a very fair color In
view OF the recent financial disturb
ances. In banking circles the situa-
ton Is quiet and is likely TO remain
80 until after January payment Of in
terest and dividends which viii amount
20 considerable. The New York situa-
tion continues 10 improve and the same
may be said OF the banks over the
country generally. which are looking
toward New York for their cue in the
resumption Of currency payments. So
50 WI not be long before cashiers
checks viii be called I'm, and the cur
rency now getting into circulation sub
Ettuted. Some OF the clearing house
certificates I'm this city are being sur
rendered. and the securities taken up
and retired. All Indications are iu the
line OF normal conditions. While there
has been a premium on currency In
the east as high as per cent, there
has been none in salt Lake Banking
men, however consider that general
business viii not regain normal adj
justment for some time.
Prices Of the metals are very low.
and it will take time for them TO re-
gain stability. The difference between
the clearing hous figures OF today, and
those OF year ago. continues very
marked as for instance, yesterdays
clearings were nearly three-quarters
of a million behind the figures OF a
year ago. only It must be remembered
that then padding the clearings with
unpaid balances was in full swing:
while now. balances are paid up as
fast as they occur leaving nothing
over The reform was one much de-
sired The Utah Savings Bank a. Trust
company Is IN it's handsome new build
ing on south Main street 1t Is re-
ported that the banking concern 10 oc-
oupy the spacious two-stOry quarters
IN the Newhouse block, opposite the
federal building. will be the Walker
Bros. Banking company, However, the
report Is due not TO anything said by
the banking people but to the fact
that e would be easier for that partic-
ular bank 20 make the move than for
any other bank. The owners of the
Walker Bank corner have had I'm mind
the erection OF fine Office building at
that point but the bank holds a lease
which complexities any such PROPOSE
tion. II Is remarked that there is not
another bank In town that could move
with such facility and less trouble as
the Walker Bros. bank.
NO REAL ESTATE SITUATION.
There is no real estate situation at
present Dealers do not think there
will be until after the first Of the year
At this season II is a case OF Nothing
doing" Building operations have been
brought TO a stop by the storm OF
Thursday night: and with real estate
under a heavy blanket Of snow, and the
roadWays all mud, there Is not much
incentive to realty transactions. The
only visible building In progress just
now Is the Railroad Exchange and the
Newhouse buildings. The former Is now
being put under roof with all possible
expedition. as the seventh story walls
are all up; and the other buildings be-
ing OF steel can be put together ire
spective Of the weather The brick men
are not doing much now IN the way OF
sales, so will have an opportunity TO
stack up stores Of the article for spring
consumption.
HARDWARE ACTIVE
The hardware trade is In high spirits
for the Christmas trade has turned out
unexpectedly heavy. Sales nave been
great I'm all lines OF the trada-maulcure
sets, table ware. kitchen ware stoves
heat>rs. ranges skates sleds, footballs,
sportsman's equipments, bird cages.
children's tools, chests Of carpenters
and builders tools. cutlery Of an kinds.
mechanical toys, harnesses, saddlery
goods Of all kinds. robes, auto supplies
IN fact the whole line OF goods handled
In hardware establishment The de.
mand for heavy harness goods has been
quite heavy, as farmers must have
strong tugs to haul logs. and engage
IN other winter operations requiring a
heavy strain. Business for the year Is
considered by the trade as 80 per cent
better than it was last year. I'm spite
OF the fact that the mining machinery
trade has fallen on so.
PREPARING FOR GOOD TRADE.
The lumber trade reports no trouble