The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-16
CALL FOR MONEY
CONTINUES STRONG
Demand From Stock Ranches
Noticeable, as StOCkmen
Are Buying Feed.
LUMBER TRADE is WEAK
Real Estate Firms Report Squirt in
Sale of Property and Look
for Better Results,

Financial conditions in this city
show little change, with a good de-
mand for loans on security, with in-
terest rates the same as have been
prevailing. The call for money from
the stock ranches is noticeable, I'm that
stockmen are beginning TO purchase
hay and grain for their sheep and cat
tie for the coming winter.
Wholesale and retail dry goods urms
are sanguine over the results of the
week Just closed. and hopeful for a
greater increase in business duriuE the
rest Of the season. Hardware dealers
report a change for the better. with
collections for the week coming In
rapidly, while the prospective orders
and present sale of goods is encuurag-
ing. There has been a falling on in
the hotel business during the week.
but the managers OF the large hO5Jel-
ries ascribe the shortage TO the usual
reaction following conference and state
fair week
About the only business that is not
up TO its average standard, considering
the slight stringency is the lumber
trade. which is being hampered by the
shortage of cars and improvement in
prices. Cement business, as would DO
expected this time OF year, Is falling on
aad is hardly expected 10 pick up very
much DELulE LuE mat HLAAAlH 7Nd-7D-l-
Bank clearings for the week cons
tinue at about the same proportion TO
last years clearings as has prevailed
for several months. Saturdays figures
showed a clearing Of S921.447. IS
/ against 81, 266,621.76 for the same day
last year. For the week just closed
the cleaFings were S6,532, 513.19,
/ against $7.569.845.58 for the same
week last year.
Real Estate Sales.
Despite this decrease OF over ST.
/ 900, 600 for the week. real estate firms
report a squirt in the sale OF property
which, after all, is one of the greatest
/ barometers of finance. including all
! classes OF people, known 10 the money
world The sale Of hOmesltes Is he
spring to perseverance, and the num-
| Der of suburb lots sold during the week
denotes a comfortable living condition
among the working class. Another enc
] couraging feature OF the real estate
/ business is the confidence shown by
] local firms Burt & CaFlquist have
/ purchased the KenWOOd subdivision.
/ thus stimulating interest in the prop
! erty near Eleventh South and Third
East. Kenwood contains fifteen acres.
OF 131 building lots OF twenty nFe-tooI
/ frontage each. II is planned TO inn
prove the property with cement side
walks. shade trees. city water ana 10y
grading, ali Of which viii necessitate
the expenditure OF about $4,000, and
means employment for labOrers.
Another outlook for work for ma
I sons, plasteTers, carpenters and la-
/ bOrers is the announced intention OF
/ six wealthy Salt lake men 20 erect as
many homes, TO cost not less than
/ $4,000 each, on the east bench In the
vicinity Of TWenty-ninth East and
Tenth South streets. +. i. McGurr4n
of the Salt Lake Security & Trust
company has announced his intention
Of erecting the first one Of these man
I siCns. to cost about S25.OOO.
A squirt in home building in the
vicinity Of the east bench has devel-
I Oped, and il is estimated that not less
than fifty new homes, averaging IN
value about $4,000 each. have been
erected in the district west Of the uni
versity and north Of the new high
school site.
Many Good Sales.
One Of the most important deals in
real estate circles for the week was
the absorption Of the Capital Real Es-
tate & Investment company by tbs
firm OF futile Brothers BY the trans
action the stockholders OF the Capital
com panls OF WHOM LutEc are Out lfrf
become stockholders in the futile
/ Brothers company. The Offices Of the
Capital company at II West Second
South street viii be closed fmmedi-
ately.
futile Brothers company on Friday
afternoon close the sale of the prop
eTty at Nos. 549-551-558 South State
street for DR.. /. J. Dull and associates
TO o. ". Bemis. The property con-
sists Of a one-stOFy frame store build
ing occupied by several tenants. and
the ground Herewith. fronting fifty
feet on the east side OF State street. By
a depth Of 165 feet. The property was
bought for investment, and while the
actual figures are withheld, IL is IN
derstood the consideration was about
$4,000. They have under negotiation
the sale of two other properties on that
street IN the block between Seventh
and Eighth South, one OF which adj
joins the Hewlett Brothers wholesale
tea and coffee house Immediately 10
the south.