| Show SALT LAKE SAFE IN City Is Serene During Week of Financial Strain in inthe inthe inthe the East BUSINESS ON SOLID BASIS WINTER GOODS NOT MOVING AS S RAPIDLY AS HOPED In spite of the fact that the country countr suffered one of ot the most strenuous weeks from a financial standpoint In years the business situation In Salt Lake was only slightly affected The panicky conditions in the east caWed caused but little uneasiness in Salt Lake To the prudence prudenco of ot the Salt Lake bank bankers bankers ers era is largely due the feeling of ot security among Salt Lake business men As a means of averting just such a condition as prevailed In New York each bank in Salt Lake doubled Its reserve reserva with the first uneasiness of ot the money situation I several months ago This policy had the effect of o allaying any fears that may have arisen on the part of the depositors relative to the financial flurry reaching Salt Lake Leke The prosperous condition of ot the Inter Intermountain intermountain intermountain mountain country count Poo oo rendered any seri serious ous financial disaster practically impossible impossible impossible sible The fall In Salt Lake has been such that it would allow of no pan panicky panIcky panicky icky situation in the east to cause a fall fallIng fallIng falling Ing off ort The depression of ot the tho values of ot all securities must necessarily result in a tight money market and consequent consequently ly the Interest which has been charged on all loans in Salt Lake has been unusually high Call money went at 7 per cent dur during ing the week and time loans as high as 10 per cent Toward the end of ot the week with a brighter financial outlook the mining stock market stiffened up and trading was more brisk This caused something like the return of ot confidence in the stocks and buying was somewhat heavier the Impression being that all the stocks especially the coppers had reached the bottom Real Estate Moves Slowly The Tho real estate market was somewhat slow for the week It may have hae been that the New York financial situation had something to do with this dullness but It ItIs itis Is ls more probable that It was Vas just an off week Although no big deals occurred the thereal thereal thereal real estate men were busy bus with the sale of homes and sites for or dwelling houses This building in the residence district continues very active The large larte business blocks now in course of construction are being pushed as rap rapIdly rapIdly rapidly Idly as RS possible There has been delay dela delaIn In the construction work of ot the Newhouse and Judge buildings owing to the lack of I material All building materials are still abnormally high In the furnishings and dry dl goods lines business was somewhat quiet because of ot the tho mild weather Late fall and winter weight clothing and dress goods are not moving as fast as the dealers desire The retailers stocked up early with winter inter goods and as a n result the week with the jobbers was also dull 1 Local Stocks and Bonds The stocks and bonds in Salt Lake re remained roamed comparatively firm during the frenzied affairs In the east although most of ot the quotations dropped a little on ac account account account count of o the condition of o mon money mone money lit little little littIe ey e market There was comparatively tle tIe trading done the investors awaiting more peaceful Indications in the east The closing quotations yesterday esterday were Amalgamated Sugar Co pfd 9 00 Common isoo Beneficial Life Insurance Co Barncs Barms Banki l Co Kay Con Wagon Machine Co pfd 1100 Common Commercial National bank In P Deseret National ban bank OO De Deseret eret Savings bank Davis County Count bank Farmington First National bank Ogden O den First National bank Murray First National bank Logan Losan 1900 Home Fire Insurance Co Heber Hebel J Grant Co isso Lewiston Sugar Co 1210 Nephi N bank National Bank of o the Republic Ogden Savings bank Provo Commercial Savings bank 1530 Rocky Rock Mt Bell Tel Co State Bank of o Utah 2 00 Sugar City Townsite Co 13 00 State Bank of ot Brigham City 1201 Thatcher Bros Banking Co Sugar Co pfd Common Utah County Light Power Co lla Utah Banking Co 14 Hi r Utah National Bank Dank Utah Savings Trust Co lC Western Vestern Loan Savings Co lC i ro Zions Savings Bank Trust Co Z C M 1 I Bonds Salt Lake Lale City Railroad Sumpter Valley Railroad Utah County Light Power Co Utah Sugar Co |
