| Show IMORE MONEY IN INI I SAt SALT T LAKE lAIE BANKS S Week VI Ends With Bright Prospects Prospects Prospects Pros Pros- in Financial Situation Situation Situation Situ Situ- Locally BUSINESS UNINTERRUPTED People A Accustomed to New I Con Conditions and Find Litlie Littie Littie Lit- Lit tie lie Inconvenience The real squeeze such spelt as ns It was Is over is the general o opinion among busIness business bus bus- iness mess men of or Salt Lake Inke as all another week of or so-called so financial stringency closes And so far as Salt Lalta is concerned con con- d. d It has hils not been a n. very cry bad squeeze after all nil The result therefore Is that a feelIng feelIng feel feel- Ing of or has sprung up among amon business men and people generally an anthis and ana this confider confidence increases as each day finds not nothing untoward happening and the adaptation to tho the unusual In bu busness business bus busi n ness ss methods more moro and more moro Tho Tue close of or the lie week found toun l the he banks of Salt Snit Luke Lake In lit many Instances with uio more c actual cash in their vaults than over before It Is not a situation that tho the banks lanks particularly relish because It ItIN Itis Itis is IN ono that hint cuts Into the profits of or the shareholders shareholder hut But It is a safo safe situation and aull one orie which l. l Is calculated l to maintain In the die Inte Integrity of or the time financial finan cia cial I institutions of oC Salt Sail Lake II nd lIe 11 Uninterrupted III II Some Inconvenience has hns been caused by II- byI byllie I 1 llie ho he regulations re put in effect b by tho the Salt Sal Lake Lako Clearing House c association but II It itIs Is IN an Inconvenience that lint the people of oC Salt Lake have bec me accustomed to toby toby toby by this time and which they y have found to tu be tic not really so great rent aft after r all nil nu Business Busi l- l ness has gone gOlle on without Interruption so fur far as ordinary ordinary- transactions are aro con con- The ordinary ordinal city payrolls have ha been met in cash and special rules have been heen broken whenever the exl exigencies of th situation demanded it As J time Ume goes goca goeson on the view that the tIme banks have acted I wisely and in tho ho best Interests of tho the community as ns a whole spreads farther further and farther The cashiers' cashiers checks l issued for Cor the fir first t time the tue past week have been accepted accepted accepted ac ac- ac- ac almost without question People can cnn see sec no particular reason wh wily why they are iro not as good as hard cash though thought there here Is a natural prejudice In favor o 0 ol he the latter that Is not yet ret entirely over over- come Want Smaller The Tue one r real al objection to this lila Issue has been that they thc arc are In iii such lar large e denominations that In a measure they hey do not fulfill their p purpose The merchant who finds himself compelled compell ll d to tomake tomal mal make lake e chan change e for Cor a string of or 5 i bills he be e th they y cashiers' cashiers checks or ordinary na- na lonal Honal currency Is bound boun l to run short of change In time For that reason tho cry cly has ha gone one up tip for or cashiers' cashiers checks In small denominations and It is probable that this demand will be satisfied this week weck Otherwise the checks h have done all that was asked of them They The ha e been heen accepted without demur In almost every possible transaction where cash Is re re- re- re The rIte street car conductor doesn't like to change chanKe them an any more than he does a 5 But Dut the Utah Light and Railway company compan accepts them In payment of or bills hills or for books of ot street streetcar streetcar car ear tickets EXP Express 8 companies 8 accept them f for r all but money ord In Inthis Inthis this they are following the where the matter Is r by a strict national law Occasionally a merchant finds himself In the same position as the street car conductor conductor compelled compelled to hoard his sto stork stock k of or small change but he lie accepts accepts accepts ac ac- ac- ac the cashiers' cashiers checks in ever every instance in instance in- in stance where the amount of the purchase purchase pur pur- chase warrants It More than that some s me merchants have endeavored oed to attract trade b by offerIng offering offer offer- ing Inc a premium on purchases paid for forby forby or orby by cashiers' cashiers che checks ks In tho the proper nation The They consider that thc they are arc thu Increasing their their cash cash business and that such discounts are at any time preferable ble to carrying accounts account Money In A shipment of or gold arrived at the time McI Mc- Mc I and company bank last lust week to be distributed among the of ot the Utah Copper company compa which se secured secured se- se cured the gold coins all from Denver It amounts well up In Inthe Inthe inthe the hundred thousands The banks report re re- re- re port also that er very considerable quantities quantities quan quan- titles of curr currency nc have been received elUting during th the l past two weeks from the San Francisco as ag well as ns the Denver mint taint and that some seine has come from Crom New York In this connection It Is la noteworthy that 4 J. J shipment said Maid to approximate was transferred at Ogden Saturday bound for San Francisco to help hel the thC situation there thieve The rhe handling of or the tIme sugar factory payments pay pay- incubi ments has also algo been teen carried out nut satisfactorily satis and to the benefit of or Salt Ial Lake bunks and the local monetary situation generally The fact that this thiN I Is a a. season season sea sea- son of oC The Hie year car when the Vest West Is soilIng soil sell lug Ing In products rather tItan than buying meri mer mer- i chandise Is III taken as a most favorable circumstance for the local situation tu ll I Even n the quarter million dollar fire lire which destroyed od one of tho warehouses of the R Rd Redman d a Van Yan and Storage Slora e company com corn pany has not b brett been n without Its beneficial ef effects rho Tho Insurance mone money I Is already beginning e to lye unive on these and while lille the lie business is handled bandied chiefly chien by draft It Inures to the thc benefit of or the tho Salt Lake Institutions In increasing their credit with foreign banks Outside of or the situation the thie week has been beon marked h by the lie continuance continuance contin contin- o of a fair fall line of or business though there have been no big projects set sot on foot CooL In the real rel estate world the lie feature tea fea lure ture nrc hat has been the time tendency of the people peo peo- pIc to loan money monC with meal ical e estate tuto a as 8 socially More of this lila class elas of business probably Is being done also because of the tho difficulty In getting mone money to loan from Crom the banks t. t to It The Thc real real estate men halt hall the lie situation situa l tion on with e delight Thoy take it that It proven elS the time confidence of the people in the lie values of Salt Lake property Good security Is demanded but the time money seems scents to 10 be there theil for the lie borrower In Interest Interest In- In terest crest Is high and ama may yet yel bo ho higher hl but tho lie money Is obtainable under unde lh tie the rl right ht conditions And Amid real estate le loans baits mean moan real es estate estate es- es tate tato sales said one dealer who sees ices nothing that is not hot roseate In the time sit sit- Tho rhe people are getting out the stocking and searching under tho the carpet carpet car car- pet pct or other unexpected places for theli theil little hoard und arid are loan loaning nS' nS it on land Sales In real estate estule ar art are confined lo to to small transactions chien chiefly Tho Thu completion com corn of or the transfer nt of the Hopert on in Kast Second South street to Jacob for Is tho only lar largo large o deal deai rc recorded or ed and that really took look place some weeks ago Grow In building the thc city has been brisk many mau projects now nearing completion and more inure permits being taken out 01 Ol the time big buildings the ho lo structure ture Lure on Main street is JM making good progress Structural steel Is hero at last and antI work worl- goes forward at nt a n good rate and without Interruption interruption- In the general merchandise department depart depart- ment merit trade has hus been uninterrupted Demand De mand for or winter goods has been stimulated stimulated somewhat by J the lie cool nights and mornings and It would require only a little touch of snow to fill the tho marchant's merchants merchant's merchants merchant's mer mar chants chant's cup of oC happiness The Christmas Christ Christ- mas mus stocks arc ordered and In most cases on hand and tho the ap approach roaCh of the holiday season Is S already felt In all aU lines I of trade |
