Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-05-02
financial World Sees Much That
IS Gratifying Following
Recent Deals.
BUILDING APPEARS ACTIVE.
,.dvorc. Lumber and Scasonablc
Merchandise Mere in Keeping
with Approach OF Summer.


,ot Is gratifying If there Is amy
N ,.o,g., IN financial conditions since
lie, week, It is for the better There
mere distinctivelY optimistic
Il line among financial men. The
n ,,rk clearings have been gratifying:
,,rpe amount of building Is going
-, and very few. If any, idle men
II 100 IN be found In the city who want
q ~nrk Institutions leaning money an
III cetatn report n strong demand
II ~ Nancy for the erection Of new
4 buu5mrs Especially is this The case
81 ,,.Ib reference TO apartment houses.
THO drawback on the local horizon is
The Erht rainfall. In the east. The
enccess of the Pennsylvania Railroad
,onrouy's $4,000 zoe loan has raised
4 to shirt Of the business world SO a
r.orl,pd degree. One half of this loan
vas allotted to London, whore it was
,tclod M in an hour There was A
snllar experience in New York where
a Dc banks handling the part of the
= iesp TO be placed on this side Kept
4 their books open for about an hour
her the entire sum was subscriSSd.
REAL ESTATE.
a THE real estate market continues
n comunratively { uiet There is a good
d,ol Of selling in small lots for mod
4,rate homes. Small residences COM
3tInue to go up all over the east side,
Aso that carpenters, masons ana plump
itrs are kept busy. Construction "p--
4.ratons have begun on the Gould
Sdepof and the concrete foundations
Nor the Short Line station are in place.
RThc brick makers report cuisines
ssteady and satisfactory with them
LUMBER TRADE.
The lumber trade reports the whole
hale demand in this city rather poor
Though the outside trade is fairly
fgood. Prices remain as they have
Icen for several weeks Retail pri ,es
bon old stocks are reported as goirg at
fcost. but prices are much higher on
zlumbcr bought late in the season.
sWhile the general demand Is fair, it
rs not what 1t was last season at this
5'ime.
HARDWARE.
TIE hardware trade reports a steady
1ncrease of business. Many country
1eople are in town buying supplies of
Various kinds The demand for auto
onobile supplies is growing. Harnesses
and saddlery generally continue very
good V nile machinery business Is
picking up.
WHOLESALE DRY GOODS.
In the wholesale dry goods market,
1obbers report an approach to n dead
lock I'm the cotton trade, as manufact-
,lrers refuse further concessions, claim
Ing they cannot afford to accept lower
Rgures than are now obtaining. This
may mean shutting down of quite a
humber of plants. Buyers say con-
sumption has fallen away to a serious
Extent The sales OF print cloths con-
tinue very light, with market con-
fnuing dull and prices nominal. There
has been buying of twils and sateens
IN q small way. but while prices are
low the demand has hardly been i'm
portant enough to give the mills much
There is no prospects
of an early reduction in staple prints
rs jobbers do not intend buying until
Inc latter part of May. on lines of
printed dress goods for fall, particu
larly in heavy lines, trade is far below
the normal. Even the most staple
lines are not being ordered.
Trade on fall lines of cotton blankets
and mapped goods does not fall away
but at the same time it does not
spread out. The demand for colored
cottons is gradually Increasing, job
bers moving goods in lots TO the re-
taiers who appear to have short
stocks Denims and colored ducks are
firm in price in the well known brands
Little change is noted in the distrl-
button of bleached cotsons through
agents hands. Hosiery makers are re-
ported In dilemma, some of the east
ern mills suffering severely from can
cellations Manufacturers are feeling
gloomy over prospects for the fall
trade, and say that unless the outlook
for better prices improves, many mills
will have to close In the face of the
general situation, the demand for late
spring and summer goods is on the
Increase, so that the coming summer
months promise to be good for hosiery
lines. Merchants say goods Will be
wanted later on and In large Quantl-
ties. Jobbers as well as retailers have
curtailed largely, SO il is reported
there are no large stocks on hand. one