Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-07-18
WITH THE BANKS AND THE STORY THEY TELL OF
SALT LAKES PLACE IN THE BUSINESS WORLD.


On the pereepe decrease in cenrngs SAT-
Lake with year ago much interest financial
AFFAIRS has been shown by business generally Last week the
eearhgs not only showed shrnkagc sSS1s2S to 'sh
but in the matter Of decrease lead the entire
country decidedly unsatisfactory position occupy For the week
ending July the shnkage compared for the
same time in 1902 was mpercptb than $1,000 while the
month Of June for this than June of last
the difference entire month only $4,000
For the purpose Of obtaining explaining the local situation
the News the banks aud
sought the views Of various bankers conditions,
BY explanation may the bankers
unit In that criterion
which to measure business conditions but thew are often dcep
i've The published statements are not
se means OF comparisons either different times ana
way too dsadyantageous In 1902 the bank
statements called they Issued
on June Nine Of the banks salt Lake under the states urlsdc-
uon and which filed statements with states Office
showed cash on hand and in other banks ss56S6 June this
year against Fs065l on July 10 decided shrnkase while
the deposits OF this the time given last
year by an amount slightly in S5OOOo
This apparent dsadyantagous ready cash of the
city explained by two chief Much mared on July
the end OF the first half year and paid
ta IN June loans are much heavier than in July It claimed at
the discrepancy present. which
emphasized by all bankers loaned to
sheemn which has been unduy prolonged Last winter was
unusually and late prolonged we'll the spring
months causing almost loss Owners of the herds
were therefore unable to obligations sales Of wool and
much paper usually taken June has been extended until fan when
the fater sold well bear in mind
@ the sheep and wool Industry one Of the largest as wen as one OF
the safest In the state and that the financial center OF
much wider of edng measured by the Utah
boundaries
Referring cearngs bankers that
the business transactions all In investment and CONNER
ca lines and that the the time being al
most entirely eadNated This especially mining stocks
and Is true to considerable stocks AS illustration
banker Of acknowledged ability the DolyWes
mine the stock Of which being sold parngly and much lower
price than last although silver and lead worth
today than This explained by the withdrawal Of specu
tive financial The authority stated that
the labor troubles had something with making than
ordinarily cautious occurred but
what labor
banker that
always had depressing transactions that
there strngency the
cessation activity would
The mines which chief
ducng than before good really
the heepmen. Another
said that collections borrowers
promptly
the building business which
giving
Building society completed twentieth and has been
prosperous year
stockholders mostly OF
purpose paying homes
property occupied by the
Savings company which,
month, dividend Az per reports a
satisfactory prosperity
similar report ENUxxzMxERMxNMw
general unduy mortgages in effect and
give security received
ready
cash be realized much easily than individual loans