Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-22
WESTERN BUYERS
THRONG NEW YORK
II is Estimated More Than a
Hundred Millions viii be
Spent for Goods.
SAY srRlNGENcY HAS PASSED
uankinC situation Continues to
steadily Improve---Fair Week in
Rcalty--Rcvival In Building.

"a, Tho ma st week has been very fair;
i,h the following statement from
-. YORK as to the general markets
.saro II IS not too much to expect a
snseav and gratifying revival Of gen
-, commercial conditions in this Sec
,ia,, Of the west. The statement says:
,rrbe steady inflow of buyers from
.,,o Oest and south, which began a
80. or more ago, is constantly in
oroaslue and day by day hundreds more
49,, added TO the already large army Of
NON, IN New York 1t is now estimated
mai there are nearly 5000 of them in
New York, each one with orders for
large quantities of goods of every des-
crintlon for the spring and summer
trades. IN almost every case the buyers
are enthusiastic over the prospects OF
business for the future. They say that
,he financial depression OF last fall has
assed away. and that there are nothing
b,,t good time in sight. 1t is estimated
hat these buyers will spend more than
siO0O00. 900 with New York tobbers
within the next few weeks"
The New York Times of the 18th inst.
GAYS. another distinct improvement in
trade vas noticed by many wholesale
merchants Of New York yesterday, who
found II necessary to keep their places
OF business open all day, although 1t
was n holiday. During the day 700
new buyers arrived from out of town,
raising the number now here to al
most 1000. More out-of-town mer-
chants and buyers are expected today,
and before the great army goes back
10 the west and South 1t will have
made purchases amounting to many
millions of dollars. The goods pur-
chased yesterday were all spring and
summer goods"
LOCAL CONDITIONS.
with the salt Lake banks. conditions
steadily improve. The clearing house
certificates used in settlement of bal
ances between the different banks, in
lieu of currency, were destroyed early
in tn week, along with about $780,
900 of cashiers checks. and all of the
banks are now doing regular business
at the old stand, ny before the yellow
paper period. Eastern banking advices
report confidence as considerably recoV-
cred with the money market settling
down more into normal conditions.
Loanabe funds on good collateral are
Plentiful, and good borrowers find no
difficulty in securing all the accommoda-
ton they need at comparatively low
rates. At the same time, II is reported
that full resumption of business activity
is retarded by the refusal OF trusts to
adjust themselves to the changed con-
dions. The local clearing house re-
turns continue steady, though OF
course, less than the figures OF last
year, which is to be expected for some
tine to come. The large decreases
reported in both gross and net earn
ings of railroads Is giving stockholders
much concern: and number of COM
panies have found II convenient TO de-
clare their last dividends in either
stock or other form Of security than
cash. Monetary conditions in the Salt
Lake market continue without no
tCeable luctuation, and rates OF in
terest remain steady and firm.
FAIR WEEK IN REALTY
Realty men report very fair week.
although no transfers of note In
puiT1es continue to come in, particular
" with reference to residence property,
and dealers report the chances good for
notable Increase this spring In apart
ment houses At the same time they
fear, this may be overdone, and say
that this class of property is liable
10 be less remuneratlve in summer
than winter, on account of such houses
beng so much closer than single houses
IN the summer time. Property owners
continue to hold stiffly to values they
SCI on their properties, which may
riard the flow of transfers. unless