| Show ronK DEFICIT ow WIPED AWAY Result Noticeable the Country Over With Increase of Finan Financial Financial cial dat Transactions LOCAL BANK ELECTIONS Is Ocr Business Be Dc Berlin BeGIns GIns t to tn In ill SUIt SnIt LUke Lake f c l cn business situation for tho the cek k to show aha a n n it ot at the tilO financial situation on a 1 basis than over Tho The local feature of ot tho welt was the tho ual election In tho the na nu 1110 U tiona nal and banks though the tho Ulah National election was postponed the th at nt the tho Instance of ot Mr Ir r MCC until contain ee ce features feature relative to the composition of ot tho the next director are aro more clearly defined to the th satisfaction of ot the majority of or the tho Tho Tue Walker directory director those cho e officers immediately th the Cum Corn Commercial mercial National directory w WI ci c J 1 us 85 soon aa absent members ers re 10 return turn to 10 town tho National dl elect cleet officers next Tuesday Tudo and the Jank of ot tho the Republic R on tho the just The Tho banks hold their an annual nual meetings In tho thu spring It Is noticed with whit that the bauK bank clearings are continuing to i creep creel up UI nearer and nearer the tho figures a ft year ago so o that In a n few tow reek rek eek t 1 Is hoped tho the differences will wul disappeared In banking tho the jae ave c I Conditions foreshadowed In tho the News financial articles of ot the past rel rl relative tl to CO the probable wiping out ot the In Iho tl ho New York City bank reserves havo have boon been realized In fact tact 1 the tb results are uro beyond expectation i iNot Not ot only was the tho deficit cleaned up tip but S was realized 1 Ill excess of ot the requirements Tho The result has hn been a very decided Increase In finan on the stock exchange In h both bonds and stocks stok Somo Some of ot the tho bond bonds fully tul recovered in val vat value value vattie ue tie all that hat was lost In tho panic una ani the Ole best beat stocks also recovered largely But ut tot fur some somo time to come caine bonds bear Inc In a tl definite rate of lit Income will grow glow glowin in more mote rapidly than stocks for Cor until people forget the lessons taught by b the recent panic they tile will be bo mo nfl e C with purchase securities inclined to guaranteed rate late of ot Interest than in Inthe n the purchase of oC stocky with uncertain earning rower IMPROVED CONDITIONS The Improved conditions are arc also ro re in the cheapenIng ot of call loan rates tales lu In New prk as also tile Ule rato rau for tor time money muney and for tor commercial loans Anti And as liS n heretofore elated con eon In New York repeat themselves over Oler the entire country Moreover tho tito people who say Let Wall Wail street go to Lo Lothe the dogs what concern have havo we about Wll Vali street dont know what they are talking about The facts facia are that all lt the tho money Interests of ol the tho world are closely linked together and no ser serious serIous ious disturbance can take place any anywhere where here hee without affecting the whole 11 Il 1 body of the world For Illus Illustration suppose any In of ot the thc powers should engage In a II great war wai who ho J lery Investor over oer the country held any ny of the tho securities from that power would them theta homo home for sale or redemption This would woul l a local panicky condition that would be lie everywhere There have hn e taught f t tb been very cr gratifying lessons ug by b tho the panic Just disappearing In re regard reIr regard gard Ir Irrl to local stocks stocksund and bonds Says a II Salt Sail Lake financier Our best bonds have havo scarcely receded a u point and our best stocks sto tock have re ye receded reo ceded hut mil very little while very few fow have bare sold at a reduced figure A num nurn number number ber of ot people saved sued their money for lor purpose e if t investing In local stocks and bonds when tho recession of ot prices would produce what might be b called But Bul they a nap map In III their purchase Bu ha have been disappointed No snaps have presented themselves Now that thIs dis disappeared our financial panic has practically appeared tho the entire ener les of ot tho time country should l be directed toward lifting up and revivifying prostrate Industries for they will need more moro care vare and doctoring than did our dir money disturbance It 11 would be bo useless to deny the Iho fact fuet that our Industrial af affairs f fairs arc suffering severely and It Is la hoped that thai the return ot QC in Incur our cur r pry nicy matters will operate to start ho tho wheels of at progress again Le us WI usall usall all hole hopf to 10 this end FOR FOit I OH HEAL ESTATE past week weak In real estate I Is re ye Jort ll by b local dealers I as much more inure ot of an nil Improvement than thun has hns been beell no HO noticed tired for tOI some somo time lime Thero T ero Is im l con coil considerable oC or a ti of ot inquiry for tOl va cant lots with a It view to their pros prospective prospective rise Iii hi valuation and amid also on which to build moderate homes There has hns also been beon an Ln extended Inquiry for tOI farming properties It only remains for property owners to offer what pur purchasers chasers consider reasonable valuations In III order ordel to tho market Into Inlo a alvo lIve healthy action but ns as long us ILl owners hold on for tor or abnormal prices dealers will wilt report froth from w week ek to week Little doing In actual transfers Thu rho Salt Bait Lake Real Estate association held hold Its annual election last Wednesday af ot afternoon with Judge Colborn reelected as chairman Mr as its sec see secretary Both bf hr these those are aro earnest effective workers and the rep rop reputation of or the city and und state has been boon enhanced through h their theIr efforts Tiit association resolved to make a 11 special attempt this year to secure a II reduction In water rentals though how this Is to tobe tob be lJ b done is not clear as ns Chairman Col Colborn Colborn Colborn born and Mayor Bransford D are report reported ed od not In accord as ns to methods The Tho former holds that thal the rentals should bo be put nut down as low lowas as regard gard r for fixed charges and necessary Incidentals will vIll admit Tho The mayor holds that sum suin clent cleat rental should bo ho charged to In Insure sure store a n return of at C G per cent on the money mOlley Invested In III tho the waterworks the tho validity of ot which as a lI business proposition sitton can hardly be bo questioned How However however ever evel the realty men mon hope that some tome course satisfactory to both sides can calm be upon for tor or the betterment of ot the tho th taxpayer whose burdens with time the steady Increase ot of taxation aro becom becoming ing log rather ruther hard to 10 bear cur Construction llon continues on the tile Rail Hull Railroad road rond Exchange 1 and Newhouse build buildings buildIngs ings lags With the tho latter there Is a 11 short delay dub to tu Injury to sections of time tho front of the time south couth structure while In transit from Indiana hut with tho the duplication of these construction con will proceed rapidly ns us before Tho rho roof root Is being put on op the Exchange building which It H i is expected will be bo accomplished accomplished before lefore more storms of ot account happen along MINING MACHINERY MOVES Time The hardware trade to be bo in higI feather these days das with the tho prom promised resumption of ot operations in quite a n number ot of mining properties As s for Instance the tile Salt Suit Lake com corn company pany has hns Just sold to lion Hon Jesse Knight worth of ot mining mach machinery bevy for tor or operation ope mUon on his hi Eureka properties s This 1 IK 18 a pretty prett good sized straw UK mis showing how the Industrial air currents are aro turning In that par particular branch of ot the trade The Tho har harness harness ness business Is reported au as exception exceptionally ally good also saddles horse hurse blankets and carriage robes Tabes With the advent ot of freezing weather Ice skates are arc be being beIn ing In told sold Boldin In large quantities and It is noticed that roller rollel skates are aro selling ceiling very vcr well too though in III Ice skating season Paints oils varnishes and window glass are arc selling well seli particularly particularly lurly the time glass as in such weather as IlS this tills when a n pane of ot glass gluss breaks the occupant of the promises premises It Im Irn Immediately mediately convenient to put In a now pane patio without unnecessary delay The trade in stoves and amid heaters Is begin beginning ning to 10 drop off ff an liS midwinter Is pass passed passed ed od amid the tho public la is well sup bUll supplied plied Dealers report a IL very good sale Balo oC or rifles s and ammunition as hunters are now going out oat for tOI big game at nt this time lime ot of the year The fhe call la IJ no longor for so ItO the dealers say sa but for tOI arId and with pow powder io ioder der leaving tho tIme heavier arm a II back buck and practically on the tho shelf with other relics of ot former amid times thues Cut leo lory Is IR having something of a run and amut andIn In general the tho trade appears to bo lie in dime Una condition LUMBER QUIET T TIme The lumber trade reports quiet con conditions but with tho the note imoto that tho tile accruing from a 11 slightly lower lowel market offers Inducements which ecu cou pied with lower loel costs in other lines lilies operate as liS an 1111 inspiration In to people nt at this time to build The probabilities are aro considered by dealers ns as Indicating more building In Salt Lake Lalta City this year by b more people than was anti anticipated anticipated nih It Is claimed thieve there will bo ho apartment houses and dwellings go up In numbers as soon Roon as settled weather comes conies In time the spring Thoro ThoroIs IB Is much Interest locally In the tho annual Ion of or the Retail association at Lit Tacoma Fob Feb 2729 Quito Quite n a number of ot lumber dealers will 11 go toni from this city Olden Ogden and us liS well as us elsewhere from over oer tho the state the number from foni Utah hoing Int at nl about JOO JM Then delegates will willlie willbe lie he there thore front from nil over the tho great north northwest west vest making tho th convention tho the representative gathering III In tho time history of o 0 the trade for tor this tills section of ot tho the Union Mr Mm Onon o E Jt Merrill Morrill of ot the Co To of ot this city Is In Inthe the president of ot the tho He lie will nf ot courno courne bo ho there as will sIli C CIS IS 1 Murphy of ot the lie Utah Lumber com coin company pUny pany and V J S of ot tho the Burton Harton Lumber and others A fair suave hill In the time proceedings will vill bo be taken by hy talent Word Vord hns hils boon been sent Henl to tills this city that time the Tacoma people propose to equal If It not excel tho thin imos hM extended to the lie association lion on tho time occasion of ot Its Ih t In iii Salt Bull Lako last February It 1 is 11 al o ot of Interest InterMit to note nolo that Rov He P A of ot thin this city and wife are arc to tobo tobo LI bo ho guests of ot the tho convention and amid Mr B will reply for tOI the time convention to t the address pf cit If welcome to be bo extended by Li IJ the tho mayor WHOLESALE DRY GOODS The rime local wholesale dry goods J JIH IH is reported quiet this week but hut with prospects prospect of ot more moro activity a ft little Inter on The Jobbers report the tho mills mill tilling orders OH as n rapidly us to In Ii oft off possible 1 0 cancellations When Whon shill nellt on spring goods foods or are begun tile tho tit rush null will he in imi zephyr waist high Inga und KIi white while goods generally There Them appeals to be of or a 1 In cotton staples III In III spring are 1111 now DM tile at lit attention ot of tho Lbs trade hut but lines linea for next alls fulls trade are ure opening slowly mo 1110 0 Inclined to tn wait until next nOlt month before heror orders ardent to any simy extent During I U ri rig til tho I be of ot o tho t month u It of prominent in woolen nUll anti worsted dres s goods will opened awl 1 It i Idea us as to tho tue market hovel lovel win tuini bo bu obtained Meanwhile soiling sellIng agents slid and commission merchants aro are doing dol lit what they thoy vat cat force tills o prompt of ot spring prIng on omi the buy buyers Irs ers Traveling man lIre are reported a Il as making a 11 i special to lu D got get th thiu tho thoI iu lne B that hR t tinder ordinary condition would hove have como come In and Po Vo I cember On cloaking for tor or time tho spring few orders arc aro being leing received lc by y east cast cm era er houses housos I 50 o h that concessions are ivro 0 be being beIng ing lug bl by bl Boilers to those ready to take staple and fancy taley cloaking on un spot shot terms term SPECIAL SP CI SALES BALEa IN I RETAIL HEAt The Tho retail hits hai hl been heel reveling In special sales l nil alt ni over town to lq 1 push out Into consumption the tho great array army ot of winter goods Io s remaining 1 unsold up tP to toIllie date Illie Prices havo hn vo been boen cut cu t away n WiY down downIn In lines hues 1119 and auth hero thero Is la a I great rell ar nr array a aray ray of tf remnants for tor or purchaser r to t select from Crom The Time wc ka trade trado ha hn II gone gono largely to White g notice noticeably ably IM 11 muslins amid to notions nol url art un etc Then Than there have havo been heavy feather Bales cale also ull milt sales sais and ud In iii general as ae winter goods loo are tue bo lIe ln lug put mit out oUI oven UI thu the counters at itt tt a Il sacrifice other and more I 1 goods lire aro put out also at not exactly R prices Mus Ius lin In underwear White waists Imported and anil domestic fancies are reported as IS finding a 11 ready sale es are ure light this thle week so sn t that tho the charming lady hl manipulators behind tho gloo counters are aro n o not hot being PO so o badly rushed BETTER TONE IN CLOTHING O OTho The Tho wholesale clothiers clothier are pushing tho time sale of ol spring lines liim or su fU s anti and overcoats There Ther Is a it 1 hotter better tone re rt reported ported In the market ns as ni retailers are nrc moving their stocks ot of ot suits and tutu plain overcoats at itt tt regular prices The sacrifice sales made mode In December on CI some somo quarters to raise cash are arc II now nowa a II relic of ot the tho past Clothiers are aro ills dis disposing dil posing of or their goods In iii a moderate way uty mid and are arc holding out for tOI prices Spring lines Illel In Id l boys bOs suits stilts are arc reported as H selling to advantage In inthe tho the west veat with wih many retailers reorder reorderIng reorderIng Ing ng Knickerbocker suits sult lull blouses Norfolk arid Rooter Roofer Roeer suits in I plain woolens and manipulated tab fab fabrics The Tho demand for tor winter under underwear wear WOl Is reported as ni still good multi and at nt atthe atthe the tho annIe untie time there thore Is quite quie a I call cal for spring hiltS lints These Tese are aro high In time tho crown with narrow brim and small shapes STEADY TRADE IN SHOES SHOE Tho Thu shoo chine trade trado reports no features at all ni this week weel but Just an au ordinary steady stead trade At A t tho the same thorn there thelIs Is nothing nothing to tl complain of ot especially In inthe tho the ness mess light of ot the tho past very good bud busi business |
