Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-10-05
nuestlon Agitating Those Seek
ina Solution Of Problem
OF Higher Prices.
BUSINESS IS LOOKING UP.
,a,L Are Plentiful, Lumber Likewise
ant Car shortage is Worse Than
Eycr-General outlook Good

The business Of the current week has
.sren Indications of encouragement
~ the banking field, the financial situ-
.,ion IS a little easier, and the con-
,ersus Of opinion among banking men
q. that the community will escape any
serous disturbance in money affairs.
although rates viii remain firm at
preseut figures, with no easing up in
,,tes until next year There has been
good deal OF talk about the high
range " prices Tor all kinds OF COM
noditcs, and the probabilities are that
me future Will not bring much modih-
cstion At all events, II is not likely
mai prices viii drop back TO the aver
sge OF "a few years ago. one reason
given for the high prices generally
egerlooked. Is the enormous production
n gold going into the worlds clrcula-
Han from year TO year. As an illus
ration of this observe the following
dgures In the year 1900, the produc-
eon Of gold for the year WAS $4,000, 600.
h 1900 the production Was $4,000 600; Ina
i,s $1,000. 600. i'm 1900. Sl2 600 900; I'm
isT 1862 900 600; i'm 1907, tho estimated
i've theory of money ia correct, in the
face Of these figures we need not look
for much reduction I'm prices.
As an illustration of how a large pro-
auction Of money affects prices, 10 Is
noted that two centuries ago a sheep
in England sold for one shilling. To-
dsy the same animal would bring 30
shllings and upwards; and this holds
good in regard TO all other values. In
deed the enormous production of gold is
now raising the question among finau-
ciers az to whether the world will not
have to abandon the gold standard,
and seek some other medium more
stable; whether It viii not be necessary
10 call into existence a gold commission
for the same reason that silver commits
sions We're in vogue some years ago.
However. there is no occasion for any
one getting frightened at the present
very large production OF the yellow me-
sal. as IL will continue 10 be the metal
for money Of ultimate redemption for a
long time 70 come.
The realty men report a quiet
week as far as special results are
concerned but say there continues To
be many inquiries from outside, with
quite 81 number Of minor transfers
which In the aggregate make up
something Of a volume Of business.
Eut i'm general, the fact it is con-
ference and state fair week has OPP
Grated In favor Of quiet week.
There has been nothing doing al as
ISOLATION headquarters, as Secy.
Parkes has been playing right bower
10 Secy. Ensign Of the state Fair as
sociation at the grounds all the week.
Building operations have been pushed
as contractors and builders are de-
sircus Of making hay while the sun
shines. and getting all tho work pos
sible done before unsettled weather
ssts In. The brick men report the
Total weekly output for this market
mabout 1000 900 brick. a figure that
k ugarded as n constant quantity for
me present. The increase I'm the
number Of new homes in the south
east section OF the city Is regarded
as phenomenal. and Is asclibed large
y 10 the establishment OF the West
minister college to which will be add
ed tho Collegiate Institute later on.
CAR SHORTAGE WORSE.
The lumber trade reports the ctr
shortage as worse than ever before.
Manager George Il. Merrill Of the
Morrison-Merrill Lumber company
went up into eastern Oregon the 9TH
err day and found a chaotic condition
existing along the lines OF the rail-
roads there with sidings choked with
loaded freight cars waiting motive
power 10 haul them 10 their destina-
ton. AS there was not enough box
cars 20 carry the wheat crop. FAT
cars with sides boarded up, We're used
as grain carriers One lumberman
desirous OF shipping car of
knocked down boxes. had TO actu-