Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-05-16
~ Goods and Kindred Lines
Backward and Merchants
Blame Late Season.
FINANCIAL OUTLOOK BRIGHT
.,npdon OF Operations is Predicted
With Restoration of Confidence
Approaching the Normal.

rbn business sltuatloh hoius 10 o"h
"a shane. In the banking world
,.saiIy advancing steps toward stable
and resumption of extended oper-
W." is predicted. The fact that pub
confidence is we'll advanced on the
&c Illustrated in its latest phase
,ho Rio Grande merger, and the
,o,sble probability of the floating
:, the new series of bonds amounting
,n0O0O 900 for refunding the indebt-
,.oss of the entire system, and en-
tag the physical facilities both in
~,h,,cdo and Utah. This is regarded
continuation of the confidential
,dt which first made its reappear-
.nce in noticeable form, in the phe-
.arenally successful floating of the
n.rrsvlyania railroad bonds. Local
hank clearings are beginning to pull
clcser TO the figures of last year,
ana Azure of yesterday, being within
short distance of the figure of the
came day last year.
REAL ESTATE.
!, real estate, dealers report con-
.,nred favorable conditions. Owners
,tll hold valuations right up to the
mark. and rentals remain firm. The
rost noticeable deal this week was the
rr,chsse by S. d. Evans of $1,000
worth of property in east First South
,,rast nearly opposite the old Fera-
morn Little property Building Is ac-
rive all over the city, as may be i'm
,rned from the fact that during April
last the expenditures for building
/, thls city amounted to 1881 900, as
compared With ss76,ssi for March, and
:, increase over the April. 1907, record
NJ IA per cent. A table in Brad
streets shows that only 30 cities out of
"a cited. show an enlarged eXpendl-
ure =.
prospect ,,,,,p
The lumber trade reports an activ-
itv that necessitates hustling to keep
nm on the orders The retail yards
are stocking up, in the hope of in
creasing demands; but the delay or
the Interstate commerce commission
in returning decision is holding back
operations The decision was prom
ised by May /. but there is no indi-
cation when 1t will be Snade. The
market In shingles, sash and doors is
stationary. There is some encour-
agement in the fact that big mining
1 corporations are asking for prices OF
n aff aa t.l1v tnE n
ton Of exploitation or prospect opera
tons.
HARDWARE.
The hardware trade report is very
favorable. with a general demand for
all seasonable goods, especially In
the lines of saddlery, harnesses, au-
omoble supplies, pipe fittings. while
the demand for builders hardware is
reported greater than 1t was a year
ago, The machinery trade is also
satisfactory.
DRY GOODS.
In wholesale dry goods, local job
bers report intimations from the east
Of a probable advance in brown cot
tons with agents refusing further
contracts at present prices A de-
cline Of 80 per cent Ia also reported
in glnghams. Prints are the favorites,
being shipped at present, with many
novelties in this line of fabrics. which
are taking we'll Jobbers report gem
eral signs of encouragement from all
over the country. There Is de-
mand for high quality fabrics for
summer wear. Stocks in dress linens
are reported rather short. In silks.
iobbers are holding back orders and
awaiting further developments. Lines
Of plain goods for fall are reported
down In price. In the retail trade,
the cold weather has ourtailed pur-
chasing some, but still is fair. A
number of the large local stores are
holding their annual May sales, with
all classes of goods pretty heavily
marked down, With the disappear
ance of unseasonably cold weather,
people viii begin heavy buying of
warm weather fabrics, for which pre-
paration is being made. The cuts in
goods at present marked down sales
amount along certain lines to 80 per
cent silks are selling we'll: so are
ioulards an rough effects.