Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-14
Wednesdays Figures Exceed
Those Of the Same Day
i4o A Year Ago.
LOCAL OUTLOOK GRATIFYING.
Indications Are That Great Deal OF
p,Ildlng VIII be Done the Coming
season--Ninrlket Conditions.

mia commercial events Of the week
4 continue to show an encouraging I'M
,roysment. In banking circles, the I'M
movement of the clearing house re-
.r.ns Inns been noticeable, the figures
nm wednesday being in excess Of the
Z A,1,res OF the same day of the previous
,esr The salt Lake situation may DO
s. said to be gratifying, which is true
8 especlally when compared with con-
ditIons obtaining in some Of the Pa
a o,Ac coast cities. or course matters
B arc mot going on as swimmingly as a
wear ago. but every prudent man knew
that matters could not continue on
&es they we're a year ago, and unless
8there was change, some financial
s disturbance was sure TO occur: so the
y ouestion is now whether II was not
3lbIessing In disguise that conditions
Ashould slow down before greater dis
u ster occurred: for every business man
sl,nows It was impossible for things TO
20 on us they had been. 1t is quite
4frue there are many sad things con.
&nected with the last panic, especially
5the loss Of employment by so many
men But people can not always ex-
meet the clouds to have n silver lining;
aIlnless both sides of the cloud we're
,turned toward the observer.
n There is evidently fixed intention
10 build considerably during the cur
nrent year, as the banks report strong
Sdemand for money to be used in the
serection OF new buildings, and pros
spects are quite fair for activity along
fthese lines, While money is cheap in
fthe east to regular customers, yet the
casual borrower must pay a stiff rate.
20 that eastern rates as quoted in the
papers are quite misleading. the gen
eral public thinking these are the prev
Talent rates, when they are not. The
home demand for money is so strong
that rates are held quite stiff. All in
Jail, conditions are such that there Is
not much call for complaint.
REALTY MARKET.
The real estate market is becoming
quite lively with moderate transactions.
with occasionally u sale of some note
slch as that of the Maj. Hill property
on West Temple street. noted In yes
terday's News" Dealers appear en-
tirely optimistic. reporting an unusual
number OF inquirles--so mnay, in fact.
as to lead to the assured belief that
the buying will start in bright ana
early. One firm, Little &c Little, report
this week moderate sales amounting
10 10000, assurances being given that
all of the properties changing hands
Will be improved There is a general
sentiment that a large number of
apartment houses will be built, as the
profits on Nsthis class of investments
amount TO l6 and Is per cent. Store
properties are much sought after, pro-
foot per month, and a prominent deal
With little store buildings from Third
South street down for several blocks
they would all be rented in short
time.
BUILDING ACTIVE.
In building circles, there Is a gem
tra belief that operations will be
started on an extended scale shortly,
as almost innunerable plans are in
architects hands. But some con-
tractors advise against any too rose
ate expectations. They contrast the
prices of building material in Salt
lake with Chicago prices, claiming.
for instance, that brick selling here
a; 80, sells in Chicago at $3.50, with
prices of lumber and other building
material TO correspond. With high
prices OF material maintaining, there
are apprehensions that the fullest
expectations can hardly be realized
there will be any slump. The brick