Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-15

companied with an equally steady de-
cline in the money rate, call money
now loaning on the New York exchange
at from " to 2 per cent per annum.
while time money is quoted at from
Az to per cent for six months"
1t is only stating facts in saying
that the condition OF the Salt Lake
banks and the Utah banks in general
is safe and sound, and likely to con-
tinue so.
REAL ESTATE OUTLOOK.
Real estate has been devoid of spe-
cial features this week. although deal
ers report there have been enough in
quiries to keep their hopes from falling
down in the slightest. The Real Els
tate association at this weeks lunch
con discussed bill posting method for
advertising Salt Lake, and is likely to
take some active step in this direction.
The action of the Manufacturers 6
Merchants association On listing the
present industries of the state, and
others that would flourish here, prom
ises to prove beneficial. The way the
brlclSmakers are selling their goods,
and talk among contractors suggest, IL
not positively promising. there will be
large building movement In the
spring. This is encouraged by the de-
cline In prices of building material and
the more accommodating attitude of
the labor unions. There was evidence
of unusual activity Thursday and yes
terday, at the Newhouse buildings, for
the steel of the eighth and ninth stories
Is now nearly up, and work on the
tenth and eleventh stories ought to be
in operation by the last of next week
Houses TO rent are not now so hard
to obtain, and II promises as to new
apartment houses are carried out, there
ought TO be no trouble next fall In
finding place to live. II looks as
thought there would be dozen large
apartment houses added to the present
number by another eight months.
HARDWARE TRADE.
The hardware trade reports condi-
tons a little quieter than t
In January, attributable to the condi-
ton of the country roads. which at this
time of year are liable to be soft and
difficult to travel over. Reports from
various parts of the territory tribu-
tary TO this market state that goods
are left lying in warehouses until the
roads have dried so that teamiug can
be resumed. Consequently orders lag,
for the present. However. dealers are
not at all disturbed as consumers APP
pear to be extending their operations
again, and TO be branching out from
contracted conditions due to panic
shrinkage, and the general feeling
among the trade Is one of justiiiable
hopelfulness Purchasing rs running
for the most part to harnesses, fencing.
farm and ranch supplies, grading and
ditchng material and apparatus. These
include the staple lines at this time
of the year. There is good demand
for Ice skates owing to the cold
weather; and dealers report an unusual
Han md he ma al fnfs
heaters. With hard coal at Sl1 per
ton, and soft coal at IS so per ton. 1t is
better TO burn anthracite, as II is figur-
ed that the latter Will go twice as far
as the bituminous. So local stocks of
hard coal heaters have pretty much
dwindled away.
LUMBER is BRIGHTER.
The lumber trade reports increasing
interest in the coming convention at
Tacoma the last of this month. so there
Is no doubt that delegates viii go from
all of the larger centers In the state.
A special car of delegates will go from
Idaho. Local conditions are reported
looking up, and when settled weather
has come IN the spring, there Is a
strong expectation of an extended move
In the line OF construction Colec-
lions are reported better, as trade pros
poets appear brighter Local yard
hhuShb aIt IeuuCeu CONSIDERABLY, WIN
little shipped In during the past month
which suggests lively demand from
the mills when spring opens, or within
the next go days.
AGRICULTURAL IMPLEMENTS.
There Is something OF a ripple In the
agricultural implement trade over the
current report that there win shortly
be organized Ia this city. a large whole
sale and retail implement and vehicle
establishment, composed of eastern In
vestors and capital They expect to
invest from 100000 TO $3.50, 600 In the
business, and 20 make something of a
stir Members OF the trade here
claim that heretofore Utah and Idaho
have been comparatively free from very
close competition In this line, so much
so that outsiders are proposing 10 come
IN here and make Il strike for a share
OF the business.
WHOLESALE DRY GOODS.
The local wholesale dry goods trade
Is comparatively quiet; but the lobbers