The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-08-18
BUSINESS AND TRADE.

The oncoming session of the Trans
mississippi Congress has occupied the
attention of the Commercial Club and
Of the business men of the city to
large degree the past week, and it will
continue to occupy such attention until
the close Of the Congress. This session
will begin in Salt Lake City on Tues
day, August 9th, and will continue
four days, ending on Friday, the 30th.
1t will be composed of delegates chosen
by the various State and local authori-
ties, and by the different commercial
the Western country. 1t will also be
attended by large numbers OF prori-
nent men, and will be the most import
ant general convention Of the time.
The American Institute Of Banking
will meet in this city on Wednesday of
the present week, August 21st, and will
remain in session three days. There will
be addresses of welcome, responses, and
financial and banking papers by va
rious officials of the Bankers Insti-
tute and by local orators. Hon. Dun
can Mckinley, Surveyor Of Customs at
the port Of San Francisco, will speak
on the afternoon Of the first days
session, and will be followed by Judge
L. +. Colborn Of this city on the min
ing industries. Hon. James K. Lunch,
Vice President of the First National
Bank of San Francisco, will speak on
The ideals of the Western Banker
and Col. Fred i. Glansworth, General
Secretary Of the American Bankers
Association, will convey greetings from
the American Bankers Association,
which is to meet next month in De-
troit. On the second day, Senator
Borah Of Idaho will speak on the
Control Of Industrial Combinations
Engaged in Interstate Commerce." and
DR.. David Starr Jordan, President Of
the Leland Stanford University, will
deliver his address on the "Useless-
ness of War The third day will be
devoted to reports of committees, the
election of officers, and the choosing
of the city for the convention Of next
year. 1t will be highly important
gathering of strong financial men.
Bank clearapces the past week show
gain of 1913 per cent over the clear
ances of the corresponding week of last
year.
Local retail trade Is good, and the
merchants are optimistic on the bright
outlook for big fall business. Cash
collections continue good, and sales are
on par with, if not better than, the
preceding week. Midsummer stocks are
vanishing. Buyers are returning from
the East, having placed orders fully
to meet their hopes OF the fall trade.
Clearance sales continue, the Keith
o 'Brien Company and f. Auerbach &
Bro. selling out their entire stocks
prior to their removal to their new
homes at the corner of State and Third
South streets. Their new quarters are
virtually ready, and these concerns
will make good showing when they |
open there with two of the finest de"
partment stores in the West. The tour
lists and the big conventions, coupled
with the State fair and conference, are
expected to swell the fall trade to its
maximum.
Another record mark for values in
real estate was registered during the
past week in the refusal of $53S3.33 per
foot for the Main street frontage of the !
property at the northeast corner Of
Third South and Main streets. This
refusal had strengthening effect |
upon the realty market. Trade in resi-
Dental property and suburban lots con-
tinues strong, and dealers say there is
more demand for building sites than
existed Slast spring.
The building activity continues at
its maximum. The Walker skyscraper