Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-11
s,,,tion Decidedly Better in
Eastern Financial
Centers.
,ovuI1lON REFLECTED HERE
.ss Men Are Buying Carefully,
p~ .ysr-Tlndc Remains Fair
IN Local Markets.

i ..crragement III VIC" W
o~ en- Of conditions back east. In
ia ia matters, the situation con-
u n improve slowly, n decided re-
am the high tension OF october
w. yoyember last. As New York
10 be the pivotal point. 1t rs
..,,ving TO learn that the banks are
e,lDg into better position relative to
.,,ves from day to day. The proba-
,m,ss are that this weeks bank state
will show the deficit in the legal
.s-yes TO be nearly, II not wholly
La out The banks have already
,.,;, large reductions in retiring the
.,adne house certificates. However,
!, other panics, New York has not
..ias for the retirement of all out
,,,,dng certificates, before banking re-
.yn.i It's normal course, and they will
shabby not do 80 In this case. Time
,.osr was to be had this week at not
'nas,al high rates and commercial pa
I, d in greater volume. The promise
Inns TO be that financial and bank
/, matters win assume normal condi-
in before the general business OF
M country does. 1t would be folly TO
IA the eye TO the fact that there
!, ming to be period OF dullness In
lslrtss matters. No prudent mer-
S,nt will load his shelves with goods
nj falling market. but his purchases
vgl be rather on the hand to mouth
,rnciple, compelling the manufacturer
|, take similar course. Manufac-
tarers viii not dare to run their fac
t,res at full capacity, thus accumu-
htlng goods which are liable to re-
esde in value on their hands. And the
anne principle will reach back TO the
of raw material: so
that Ii will be necessary for accumu-
ated stocks of the country TO be
arrely used up before there is much
,ope for any considerable activity in
BUSINESS and manufacturing lines. 1t
s gratifying. however, to know that
N stocks are of less volume than on
land during any previous panic, which
caves the hope that the effects or
his panic will be the sooner over
,ome. But of this, no one can state
AS a prominent local bank
sr remarks, I'VE can only say, We
,hall see Wndt we sIdii see.
FEW REALTY DEALS.
There is nothing of consequence do
Ink in real estate this week, although
dealers report quite a number of mod
crate sales. enough to keep the karhet
moving, S. d. Lee, the South African
capitalist, is in the city yet. ano in
consultation with his realty agents, and
Ia ~
10 invest In Salt Lake real estate In
which he has had such confidence IN
the past. Mr.. Lee Is an expert In the
Kafiir tongue, and reports South Alri-
ca as well settled up as this country.
The Salt Lake Real Estate associa-
ton did not hold it's usual luncheon
this week, ON account of the absence
Of Judge Colborn, who may be away
In Colorado for a couple of weeks yet.
Ii is interesting to note that the sign,
TO Rent" which last fall had entire
" disappeared from Salt Lake houses,
Is 10 be seen once more in various
localities, so that 1t Is not as hard to
find houses in this city, as 1t was last
summer, when 1t seemed as though
houses could not be had for love or
money, and people newly arrived, were
finding refuge In lodging houses and
storing their furniture. The fine. open
weather is enabling the contractor OF
the Railroad Exchange building TO
hurry on the roof and the massive
copper cornice, which will enable him
10 disregard meteorological conditions
hereafter; and the steel men at the
Newhouse buildings are rushing
things" In gratifying style. The last
OF the steel and Indiana stone were
cleaned up yesterday. from the rail-
road yards. and now all OF the ma
'efial necessary to complete that class
OIL work on the two great buildings, is
now stacked up in the yards adjoin-
ing. The steel Is now up to the sew
enlh story, with four more to go.
Inc Eighteenth ward amusement hall
Is up 10 the roof. and the new dance
hall on North Temple street Is practi-
'ally completed.
NO MORE REDUCTIONS.
The lumber trade reports there Will
De no more reduction in prices from
lie reduction of 10 per cent that went
,,lo erect the first Of the month, in
Isct the report Is that the tendency
WIZ be rather toward higher figures,
~ stocks are being reduced so that
.nen spring opens the demand prom
ses TO be such as to keep prices up.
a,ready, there is a fair demand in this
sN number of the mills are pre-
.aiIng TO resume operations. The
Mlhual convention OF the manufacture
~ ana retail dealers. to be held Mt
tacoma. Wash. will be attended by
r1any dealers from this section of the
CALL FOR SKATES.
me hardware trade reports con-
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