Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-28
Money IN DEMAND
FOR BUILDING
Bankers Have Steady Call for
Funds to Erect Houses
And Homes.
LuxuRIEs ARE CUT OUT.
,.,nc.s Conditions Arc Hopeful
sal, Of Daft Blocl<-Prospcct for
Federal Building Addition.

Federal Building Addition
,r,, week has been one of interest
g.. Emo local commercial world. IN
oaov circles. the situation continues
=, Iook encouraging. During the pres
-, week there has been quite a stin
,o.,ora for loans for building pur-
80 co the prospects in this special
,,s rotnt to considerable activity,
pa,,s remain as usual, and the demahl
t. sro,ccnt to allow bankers To place
,o,ps us they consider the most ad-
,.a,taccous. rhe market is very good
,,, both beef and mutton. so there Is
',.,,,,,s,, for quite a sum of money COM
Inc 10 these two interests, Some few
ro,ort. of railroad operations have
oo,os 10 hand. but not many later than
mo-. a. and Notwithstanding the two
and ors.bar months of panic, these
Sonorts are regarded as very hopeful;
and rcports from a few roads since
9 1 while reduced earnings are
shown, are not discouraging.
LUXURIEs CUT OUT.
The movement of staple goods has
dininished but slightly though in an
lines Of goods classed as Injuries, the
reduction in volume of business mere
cd elsewhere is very great, and to
bIs lass of markets the outlook is
sarions over the country as whole,
while the recovery is not rapid, YET
1, Is quite encouraging. But there VIII
3 ot h. money for new enterprises 10
any great extent. because the unusual
crnp Of these enterprises that have
turned up for the past two or three
wears and demanding so much money
have come to a financial break down
however. for first class bonds standing
the Test of years. paying interest regu-
larlv. and issued by companies man
aged iudiciously, the market is very
good Uncertainty Is attached only To
uncertain business ventures.
FEATURE IN REALITY.
The feature of the week IN reality
was the sale of the Daft building on
Main street. to the Daynes Jewelry
company which win occupy the ground
floor at the expiration of the lease,
ana make valuable improvements in
the building. Dealers report continued
injuries as to properties; they con-
tinue to make moderate sales, and on
the whole consider the situation en-
couraging There is tendency to
raise rents in apartment houses, one
owner having recently made fiat raise
from $40 up to $50 per month for each
APARTMENT. In some quarters this is
characterized as killing the golden egg
laying goose as 1t Is starting so many
Investors TO planning apartment houses
that by another winter there Will be
more apartments than tenants, and
down prices viii fall. However. some
reality dealers aver there can not be
too many apartment houses erected In
\ Salt Lake, as they say the population
s Increasing so fast that buildings can
not BE- put up fast enough one iea-
ture in the building line reported Is
thai more young couples than ever
are building their moderate homes. set
ting up house keepnga instead of
boarding. or sub-letting. The indica-
| lions continue 10 promise n record
breaking year in home building. IL
| present advantageous conditions are
| not interfered with. The Federal build
| Ing, as was predicted in the first place,
| has already proven too small TO house
| all of the government offices. So it,
Is to be enlarged by building across
the open rear. This will provide for
. the custom house, the bureau OF Ami
! NAL industry, the United states COM
missioner, the weather office, the for
| estry Offices the special agent OF the
land office now in the Brooks arcade,
and such other government offices az
may be established here. The Real
Estate association is much interested in
the proposed automobile speedway pe-
tween this city and Saltair. From APP
pearanccs 1t is fair to assume 1t WIZ
be built
LUMBER UP GRADE.
The lumber trade reports business
as gradually on the up grade, with each
week witnessing Improvement and re-
turning confidence. At the same time
some dealers say building permits tax
en- ont are not fair criterion of what
Is being done, as there are so many
not used for a long time
If they are used at all
The movement of the mills Is little
larger than during the time since Mo-
venber. though business is reported
better In the intermountain and PACING
states than in the Dakotas and the
Mississippi valley. Lumbermen look for
report from the interstate commerce
commission favorable to them, which
VIII greatly stimulate the trade, ana
at the same time react in the interest
Of the railroads In increased receipts
though the decision be apparently adj
verse TO them,
HARDWARE STEADY.
The hardware trade Is jubllant over
me steady resumption of business
along all staple and seasonable lines.
one large concern has had 10 add two
uellvery wagons for It's city trade, with
of1ers coming along in most encour-
aging way. There Is a strong demand
ior Contractors supplies. including
sefapers. swcepers, harnesses, farmers
implements wire fences, etc. General
business is vcry much better than was
anticipated, although the demand for