Show QUIET WEEK IN BUSINESS LINES Trade Shows a Falling Off in All Ail Branches Owing to the Money Stringency a PRICES ARE BEING REDUCED CASHIERS CHECKS RELIEVE SHORTAGE OF CURRENCY The replacing of ot currency with cashiers checks the tendency toward economy econom on the part of the public and the natural causes for a falling failing off oft in trade made the volume of ot business done during the week somewhat smaller than usual although such a condition could not be construed to mean mea that the financial storm of ot New NewYork NewYork NewYork York had hod struck Salt Lake The decline in trade is a natural consequence to the panicky condition in the east and it has come after atter confidence has been practical practically ly h restored The Tho bankers banker of ot Salt Lake did much to aid the situation here through the issuance Issuance Issuance ance of at cashiers checks on the collateral of ot the banks Several leading businesses of o the state which had been handicapped through lack of at ready money welcomed the new issue as the solution of the finan financial cia cial problem There were but very few complaints on the new currency and It was taken by every merchant In tho the city cit y just tho the same as though it were gold That the situation is much better today in Salt Lake Fake than at any time since the th e present resent stringency has arisen is shown show n by the dally daily increase in bank deposits and the decrease in withdrawals In I many Instances depositors who withdrew w their money from the banks with the first firs t rumor of at a tight money mane market have been bee n returning their deposits to the banks Beet Crop Is Moving Despite the financial storms of the east t which are causing considerable anxiety i in n the wheat and cotton districts the sugar sug beet crop of Utah and Idaho is being moved without any serious difficulty During the week the sugar suar companies o op In these two states paid to the farmere far farmers farmers mers mere a million and a half for this years year crop rop The payment was made in Salt Sal t Lake and Ogden cashiers checks and In i n checks hecks of or small denominations on reliable e New York banks These checks will be b e received at country stores and be as aa a medium of ot exchange among the th farmers until they the are called In and re ro deemed So many man undertakings throughout the th e country have havo been deferred deterred on account of o f existing conditions in the financial world that the announcement that a quarter of ofa ofa o oa a million will be expended in the remodel ing and enlarging of the Kenyon one of o Salt Lakes leading leadin hotels comes as a s of a surprise That work will wm bp hI begun ut at once on tho the reconstruction of n f this hotel no matter In what condition conditio n the finances are arc is another in of the implicit confidence of Salt Sal t Lake Like business men in the future of the th e city it Building Operations Continue The Tho work on tho the Newhouse and Judge Judg Jud e buildings is apparently unaffected All Al Althree 1 three buildings are rising rapidly rapid The Th e Judge building is nearing completion and an anthe d the framework for the superstructures of o othe the two Newhouse blocks reaches higher r every day The most Important transaction of th the thc c week in the real estate market was the th e completion of the transfer of the property y facing on Second South street from Henry Henr y Phipps to Jacob Moritz Other small smal deals were closed but in the main maln the th e week was rather quiet Some new build ings have been planned but as a rule in investors investors estors are curtailing their activity uni i the money market is more normal Reported reductions r in all alt commodities s too had an ill effect on the volume of bust busi business ness The public Is ts waiting for further reductions For the same reason retailers are carrying small stocks and the busi business business business ness done by b wholesalers and manufacturers man manufacturers fac is as a result light Wholesalers AA say they the are satisfied with the th business of at the week Numerous small mall l orders have aggregated a fair amount of business although the total is below normal The whole n hole situation seems M o have resolved itself Into the publics public proceeding with more caution than here heretofore and the effect at present is notice noticeable noticeable able |