The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-18
BUSINESS AND TRADE.


Tho Tribune prints this morning Inc
views Of leading bankers Of this city
showing that by reason of the aound'
aucc Of money and its non employ mont
in the East. interest rates are low ana
loans arc easy. an important sym
rosium: also, The views Of twenty-tour
leading real estate men Of this city |
with regard TO present conditions ana
future outlook here. These dealers de |
clare their belief in the dawn of q new
era of growth and Development haslng
this on The inquiries they receive, on the
realty deals which they are making, on
the brick home building, on the re
uewsl Of residence addition improve
neuts, all hoiug hrisker than ever
known here before. One firm declares
that it has had more business in the
last thirty days than in the previous
FIVE months altogether. All this is en-
couraging for Salt Lake.
The bank clesranccs show the phe
nomeual increase OF 46.2 per cent over
those Of the corresponding week last
wear. showing the business and fnan-
cial growth Of the city in excellent
form The outlook for summer and
fall business is rosy.
The week has been another good one
for merchants, with much profitable
selling TO stimulate trade. Advanced
spring shipments arc arriving for dry
goods stores; cash sales are heavy; col
lections are good. The department
stores are making preparations for b'g
spring openings next week. Retail
trade is maintained in steady volume
The building operations are bright
| oned by the great progress making IN
the Walker skyscrapcr. The steel work
| is all done so far as the main building
and the tower are concerned, and now
| the steel work in the rear portion OF
| the building is being put in. Prepara.
| tions are making To put up the wall
coverings, and everything indicates the
swiftcst piece of work in this block
that the city has ever seen. The week
has shown developments favorable to
the completion Of the Newhouse hotel,
and hopeful negotiations arc progress
ing towards the full financing Of that
structure
Work has begun on the Hnutsford
building for Auerbach & Bros S de,
partment store, and the Aucrbach
building. southwest corner of State
and Third South streets, is nearing
completion.
| An announcement Of the week was
that the Saltair road will probably be
electrified this summer. Progress was
also announced in the deal for the con-
struction Of new interurban line run
ming south from Salt Lake City into
| Utah county, and that work may soon
begin upon its construction. Big i'm
provemeuts were forecast for the Den.
yer & Rio Grande during the week, and
the coming Of General Manager Il. L.
| Brown aud other officials of that road
TO inspect the lines of this company
indicates that the work of renovating
that road will not be long delayed
Former Senator w. A, Clark and other
high officials of the Sat Lake Route
arrived from Los Angeles and gave
cheerful interviews, with promises OF
Improvements
The mild springlike weather of the
past week has given every one the
idea that spring will not be long dc
layed. The heavy SHOWS in the hill:
are being solidlv packed. and the in
dIcations are that there will be not
only full supply OF water for every
purpose the coming season, but that il
VIII he so gradually melted as tc
afford good supplies, lasting through
the season.