Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-10-03
rs1NEss comparIsons whom

~xx.. ITSINESS comparisons when
applied to the growth of a
city are always interesting.
That the volume OF business
IN salt Lake city Is very
great-greater, perhaps, than
ID that OF any sister city of the
~ same size in the country; yet
.hora has been decrease in the local
hank clearings of 1908 as compared
,,.pb those OF 1902 That is there was
decrease for the first eight months.
,r,o ninth month which closed this
xeek however has decidedly better
story to tell than did its predecessors.
Tho fact that there has been a dropping
al does i'm no wise discourage the lead
,,o mon of affairs In this community
,or during the past two or three years
400 did such am abnormally large busi-
moss that the pace simply could not
ne kept up So the present is not only
satisfactory but, highly so. And as to
the future that promises all that the
most hopeful man could ask for, The
situation Is sized up clearly and accu-
rotely by the leading bankers who ex-
prees themselves as follows
McCoRNICKs VIEWS.
Parker w. S. Mccormick think
,be greatest cause for the clearing
house returns being less for the first
eight months this year than for the
corresponding months in 1902, Is the
,,ct That much less business has been
done on the local mining stock board
from January to September of 1908.
when the transactions of the board
were brisk, they contributed largely
10 the size Of the clearngs, and ] can
think of no other cause to attribute
,hls fact to. And now this month the
clearIngs are in excess of September
1902. the period In which the local
stock market began 10 curtail it's
transactions and reduce its business
II is this which accounts for the
clearirgs for this September showing
such an increase over the correspond
ing month of 1902. | confidently OK
rcct that the clcarings will show an in
crease over last year from now on.
This indicates a prevailing good bust
ness. outside OF the stock exchange. |
do not think the retirement Of the
bonGs cuts any figure IN the decrease
OF the clearings during the first eight
months OF this year, because the same
amount of business which they trans
acted IL now being done by other
banks.
"The demand for money Is much
greater than a year ago, an indication
that general business is prosperous
and that people are more ready TO
launch out into more enterprises and
Investments Commercial confidence
is increasing and | see no reason why
business should not he good our
mines never looked 80 well In the HIS
tory Of Utah. More ore by far is be-
Ing produced now than before. Silver
is bringing better prices The crops
generally are better than for the last
two years The beet crop is enormous,
and that crop of itself is a source Of
largely increasing revenue for a wide
extent Of territory In this intermoun-
tain region. Yes, / think we may
safely regard the outlook for the en-
suing - months as indicative OF pros
perity"
GENERAL VOLUME ALL RIGHT.
President l.. S. Hills, Deseret Nation
al Bauk-The volume of general BUSH
ness is os large as last year, and mining
business is fully up to the average.
Stock business, cattle and sheep, is a
little less. | don't think the decrease
In the clearings amounts to anything
as they nuctuate by banks carrying
their balances over. For instance, about
100000 was carried over one day re-
Gently The outlook Is very fair, de-
pending somewhat on eastern condi-
tons, If eastern stocks depreciate, the
western market is likely to be affected
somewhat though not as much as for
merly, The prospects FOR the coming
winter are good. and especially Is the
outlook pleasing for sheep and cattle.
In fact they are better than last year
on account of the improved condition
Of the ranges,
BETTER THAN EVER.
Cashier J, w. Donnellan, Commercial
National Bank-The business condi-
lions and future prosperity seem to me
10 be better than have ever known I'm
Salt Lake city and the state The
bank deposits are larger than ever be-
lore The demand for money is great
er and satisfactory Collaterals are
greatly increased. The mining inter-
estS, especially the copper developments
AZ Bingham, are expanding 20 enormous
poprtions. The erection of new shops
by the Short Line, the san Pedro and
no Grande systems In this city, to-