Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-03-21
Marked Difference in Business
Sentiment from That of
Few Weeks Ago.
BONDS GO EASY IN NEW YORK.
Encouraging Sign is That Number of
Empty Cars Has Been Greatly
Reduced--Local Situation.

IN the local business world tne gem
4 oral outlook is more encouraging than
ever. IN banking. the financial situa-
,ton slim shows promising signs; not
so much in raise of prices
Of securities and volume of
sales. AS in optimism with fnan
cial men. against the pessimism of sew
ornl weeks ago An encouraging de-
yelopment In the situation in the gem
cral bond market was the sale a few
DAYS ago of $5,O0O,00O of New York
state bonds bearing interest at per
\ cent the bids ranging from 106 to t0S.
netting approximately 1910 per cent
Another favorable sign is that the 400, =
900 surplus cars reported some weeks
ngo. have been reduced by 100000. The
production in pig iron Is increasing
swhilo copper Is feeling the effect of the
4 slight increase in consumption. The
railroad earnings, it Is true, show n
large decrease IN gross and net; but
Notwithstanding this. most of the rail-
roads are picking up
Tho situation of the farmers is the
brightest in the whole field OF view.
Z Farm products are bringing good prices.
4 beef and mutton-noticoaby the latter
commanding a high figure; and as The
pagriculturist is the backbone of the
4 country. it Is a good thing to know
Ethat the national backbone Is all right
&lf the present is compared with the
$feverish times Of 1905-06, and it is ex-
pected Ia get back to those prices, there
will be disappointment: but conditions
4 win probably get back In the near fu-
ture, 10 the average normal times pre-
ceding the feverish years; though, in
the meanwhile, a good deal OF pfivation
may be experienced. Many working
men are feeling the effects of non-em-
ployment; but that the country is re-
covering is beyond doubt. with signs
hopeful for the immediate future.
LOCAL CONDITION GOOD.
Such is the view of the outside. I.o-
caily, there is less to complain of than
any other section of the country. The
increase in bank clearings is an indi-
cation that the business community is
pulling itself up. The promise of new
construction in building is very excel
lent, with the number of idle men daily
decreasing so that in a short time Ii
may be said that the man who begs at
the backdoor. Is ne'er do we'll The
demand for money is very good, the call
beng largely for means for construc-
ton.
sSI hlNG oGENS TO-DAY.
In the real estate market. dealers
continue to report encouraging in
Qui'ies; also. that with so many people
talking of investing, there must be
something to hope for. Furthermore
local company is figuring on building
30 moderate homes on the north bench
which means the investment there OF
$4,000. If not more. Spring opens, as
per calendar, today, with new houses
springing up all over the east side OF
the city, and reasonable expectations
OF at least half a dozen apartment
houses following suit. These apartment
houses ought to take care of the sur
Plus population, leaving enough sin
gle tenements to supply the demand
only at present. moderate sized houses
are building, either for sale or for
occupancy by the people erecting them.
1t seems to he agreed that IL there is
no putting up of prices Of material and
labor there win be very strong
building boom in Salt Lake this year,
The result of which win be that house
seekers will not be put to the straits
they experienced last fall when real
estate agents reported not house for
rent anywhere.
LUMBER LIVENING UP.
The Lumber Trade reports that IN
0lcatlons point toward the advisab ility
Tor people to build. Large investors
realize this, particularly in the matter
Of apartment houses rather than in cot
ages. Where many people thought
ne lumber trade would fall this season
20 per cent behind the business OF last
year II has so far fallen only % per
cent. However. collections are still
SLOW and buying is very moderate hut
WIN an improved tone all over the
trade, There are cars in plenty, but
many of the mills have shut down.
Whlch makes filing orders for special
sizes rather uncertain.
DEMAND FOR GARDEN TOOLS.
The hardware trade reports condl-
IONS the same as last week. practic-
any with spring goods going out in
ue shape OF garden tools and hose,
FARMING implements, and increasing
oraers Tor mining machinery from new
camps opening UP in Nevada, Collec-
IONS are improving, Harnesses are
nelng called FOR In increasing quaint
WHOLESALE DRY GOODS.
The Wholesale dry goods market con-
lnues ON conservative lines. with no
speculation Of change in prices, and n
steady output Of goods. Jobbers re-
pofl the aggregate OF business an inn
iroVoment on last year, which has not
neon looked for. They find the de-
Inand for blue colors taking the pre-
'eacnee with brown following.
Wholesalers report dress goods as i'm
uomand for spring delivery wherever