Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-02-20
I,.iss Towns Demanding Money
ror improvements Is Regard
ed With Satisfaction.
DEALS IN LOCAL REALTY.
,,.,cs purchase for Proposed Inn
o-o,cmcut and his Announcement
of Further Activity.

,..sf financial situation remains
1'' tome. the demand for money
.l and the banks are able to ac-
,,5ste an legitimate demands
bsaIthful feature is the demand
outside towns for means TO car
i' l,rsl improvements that make
~ ne health and comfort Of the
i'm the way Of waterworks,
.,rir lights. sewers, etc. In the
- sspects Of the case improve
ID, business matters Is the rule.
49,, fbere are some expectations;
.e8 there has been some ieac'ioIl ~ V'll
'l' .,tiu1istic feeling engendered by
wv Lection Of Mr. Taft, but this re-
w. ,sIU doubtless IN time give way
S,r advancement again,
't1n,. seyere the depression was, oc-
Iore1 bv the recent panic, Us eve
,1,[.H bv the fact that business fel
o''8. nor cent of normal, while now IL
raacted until II has reached 60
'r cont of normal with every prom
,f continued recovery, unless CON
49, should pass some radical legis-
.f,r Iu regard to the tariff and un-
.9I, fs definitely known that the new
aan"Uu.Un VIII hH lNfiT'AAt-NAt '''N' t't.f
-...yarv from dizziness viii be slower
,bsn DO would otherwise have been.
CLEWs' VIEW.
Henry Clews in his last circular
~Srbe tendency Of y~ucs IS suu
....5rfs "a lower level This Be- true
~ Nom securities and commodities.
Even the stimulating effect Of cheap
-,,rey ls not sufficient 60 offset this
tendency The metal industries show
continued weakness, because buyers
I'm moi take hold until convinced that
t,ftnrI has been reached. The large
.s-.anf4ge of unemployed plant In
,bs steel industry and tho absence OF
new enterprises are conditions, OF
.,urse. In buyers favor Building Is
isss active as regards new projects.
sud present activity is principally cOn-
srad to the completion Of old plans.
r7 various other markets there Is the
.ame degree of ouietness, the cotton
voods trade being the chief exception.
Probably after few weeks rest and
when tariff uncertainty is removed.
there VIII be change for the better.
Meanwhile activity can only be uro-
noted by allowing values TO settle
down to the normal. as is natural after
q manic. A moderate and general re-
,ession would afford the basis for "a
fresh start as soon as present Uncer-
uIut.cs disappear
REAL ESTATE.
The real estate situation has been
f1r the most part quiet this week. the
principal feature being the purchase
bv q. S. Holmes OF so feet front on
STATE street. on the east side. Nos. 253
20 285 Inclusive for $4,000 cash, with
view 20 Improvement Mr.. Holmes
also announces his intention TO erect
on his Second South street corner a
fine large building suited for the re-
tail trade. The scare that some realty
dealers affected because of the threat
fDed advent of prohibition is begin
ming to die out Moreover. the fact
MAT outside investors are ready 10
aock boo here ~ the score and take uu
an properties abandoned by over eX-
stable owners or tenants who would
move out because no more whisky
might be sold here. is now pretty well
known. and Is having ITS effect. Tn
fact some real estate men think 1T
DC depression would be wholesome.
n it would only lower the overlofty
ideas that some property owners iu
Salt Lake have as To tho value Of their
properties and cause also "a reduc-
ton iu the high rentals on Main street.
The weather has operated against
much showing around, and II the wet
snowy weather continues. there viii
not be- much n any driving around for
several weeks vet
HARDWARE.
The hardware trade reports collec-