Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-02
BUSINESS REVIEW
OF THE PAST WEEK
Local Outlook is Distinctly En-
couraging All Along the
Line so Far.
LIVELY IN REALTY SALES.
strong Indications of the Building
Trades Being Distinctly Busy This
Sprlng--Dry Goods Brisk.

Tho local business situation for the
past week has been encouraglhs' on
inc whole; in some lines particularly
so. In banking, this is the dun sea-
son OF the year; but at tho same tiile'
banking men report business much bet
Ter than II was during February of last
year. Deposits are holding their own
II not increasing. Clearlngs show
comfortable advance. The demand for
money this week is rather light with
rates continuing the Same. No special
features are reported. The banks all
receive confidential letters from Wall
street. which give encouraging reports
nf the momentary situation IN the cast.
REAL ESTATE.
The real estate situatlun the past
week has been a lively one, especially
in terrace sales. The Anderson terrace
has been available for some time, so
have several others; but investors did
not seem to seek that class of property
until comparatively recently, when the
ingress of fresh capital and Investors
from outside, sent Spectators to look
ing after every class OF realty within
reach. Both the Anderson and the
Fifth East and Third South street ter
races We're not long in being picked UP;
in fact a prominent realty dealer says
that investors and money are now SO
plentiful that any piece of property
that looks as though it might be profit
able is readily picked UP.
AT the same time difficulty continues
to be experienced with not few prop
crty owners who persist in putting UP
prices beyond all reason This Is due
mostly to infiammatory reports IN
print, giving exaggerated ideas as TO
values and prospects of building. Tha
outcome is illustrated IN the case of
State street woman who holds real es-
late there that can not possibly he
worth over $4,000 at the outside, but
who can not be persuaded that her
property is not worth at least $4,000,
and holds out for that figure. A claim
of some interest was made this week.
that no large structure could be built
south of Fourth South street because
of the syampy character of the soil,
which would make substructure work
altogether too costly. II such claim
finds general belief, 1t is likely TO To-
cate future large buildings north OF
Third South street, Even on the sites
of the coming great NowhouRe struc-
TIRES at Exchange Place and Main
street, 1t will be necessary to excavate
between 20 and 80 feet for the concrete
footings. The realty men are in finer
feature than over, and anticipate u
great business this spring.
HOUSES GOING UP.
Local contractors report 7trong pros
poets of extended house build
Ing this spring, the great ma
jortty of those in prospect be-
ing of moderate cost for men
OF moderate incomes, The greatest
number of these will be erected in
bc auS fhr ritN- extending
from the city cemetery on the north
to the city limits on the south. on
some blocks half a dozen residences
are in process Of erection. II the
movement north and northeast con-
tinues, the city will be pretty well
built up clear to Twelfth avenue In
the next two years, Preparations
have already begun for the great
Gould depot. with large force OF
men and graders the. occupants OF
vacated and active work Is now under
way that will not cease until the great
passenger station shall have become
an accomplished fact The bids for
the station were opened this week in
Chicago. but at this date of writing no
announcement OF any award had been
made. a. Campbell Of this city the
Federal building contractor, is u bid
der. The Rio Grande people claim
that their depot win be up and oc-
cupied before the Short Line station Is
completed
ADVANCE IN LUMBER.
The brick men report being all up
now on delayed orders, and are ready
for the spring business. The lumber
men report an advance Of 81 in FIR
lumber, with heavy ordering in adj
vance OF the raise by retailers and
jobbers in anticipation of such Il
movement. Local stocks continue to
be very fair In quantity and variety.
The hardware trade reports the sit
Uation "A question of men to get the
goods ordered together, and of teams
TO haul the same to the depots. Sales
are limited only by the ability of the
trade to supply the goods. Nothing
like the amout Of business offered has
been noted in any previous February
The demand is for everything connect
de with the hardware business. While
the retail trade is not selling build
ers hardware, at this time OF year.
the iohbcrs are selling large quanti-
ties 10 the retailers in this city and
about the country In anticipation Of
spirited trade when spring opens.
There Is no doubt but that there VIII
be boom In that class OF goods this
season. There is no more demand for
roller skates, as the state at large Ia
we'll supplied The stove business for
The season is reported to- have been
exceptionally good also. The great
trouble In the rural districts continues
TO be the impossible roads so that I'M
III there Is better teaming, shipments
to points not reached by railroads VIII
be light.
WHOLESALE DRY GOODS.
Manager A. Woodruff Of the whoIe-
sale dry goods department OF the a. c.
NJ. 4. mas returned from an extended
business trip TO New York. where he
reports the condition OF the market un-
pfeoedented. with certain lines OF
goods practically impossible TO obtain
WITHIN, any reasonable delivery. Mills
have been receiving orders for deliv-
erles 80 FAR ahead that they put UP
prices several times to try and stem
inc tide But the country has been
proven so bare of goods that consumers
naa 10 nave them Just the same, adj
Ndllce or no advance, so prices have not
operated rs any deterrent. The largest
manufactures of double width sheetlng
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