Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-04
Industrial and Financial Circles
Generally Bright With
Optimism.
UTAH LEADING THE COUNTRY
Eastern Trade Ccntcrs Arc Not so
BountcotsIy Provided for by the
Spirit of Reconstruction.


flying. Financial conditions are good
The demand for money Is fully equal
b. the supply with rates satisfactory
- bankers. A feeling of confidence in
the future not only prevails here, but
there is also considerable optimism.
The number of buildings being erected
Is greater than ever before. The per-
mjts taken out so far this year indi-
cate additional housing capacity for
over 5000 people. The crops never
looked better, and the tonnage output
of the mines is very great though
somewhat changed in character from
former years. Labor is well employ.
ed at good wages. The conditions in
Utah are perhaps among the best in
tine country.
great eastern money circles, so much
good cannot be said. Summer dull
ness has settled down over them, and
transactions of moment are few. The
prices of railroad securities are now IS
points below the high point of tho
boom; but they are is points above the
low point of the panic. This shows
there has been recovery, though not as
great as was hoped for The expecta-
ton of good crops is holding up the
hopes of the country.
LUMBER.
The lumber trade is interested this
week in the return of Mr. George II.
Merrill from the meeting at Minneapo-
Nub in 40 frp f1iz pa on,
of the American Lumber Trade con-
gress This is the first national organ
1zation of the lumber interests, from
which much Is promised. The congress
formulated code of ethics, crystalizing
the ideas of the trade as to various
features of the contracts between
buyer and seller, and in particular in
relation 10 cancellation of orders, some-
thing that has produced much friction.
To conciliate the southern lumbermeu,
the executive office was given to the
south, in John A Bruce of Louisiana;
but the vice presidency was handed
over to Mr.. Merrill of this city: while
the northwest received the secretary
ship, A. h. Wastell of Portland While
the code of ethics cannot be enforced
according to the statutes herein made
and provided" 1t Is believed the moral
support of the trade back of it Will be
effective in inducing members of the
trade to live up to the code. The de-
cision of the interstate commerce COM
mission in the freight rate cases has to
n large extent been victory for the
lumber trade. the old rates being re-
stored to most of the territory this
side of the furtherest points east This
has had a tendency to clear the at
mosphere and has produced more stable
conditions and prices. Locally business
is fairly good. but the lumber trade
has not felt the full force of the pres
ent building boom, and there is much
of the work that is as yet not beyond
the foundations
HARDWARE
The hardware trade reports condi-
tions good in all departments, but par
ticularly so in seasonable lines, such
as automobile supplies, bicycle sun
dries, kodak and photo supplies, gar
den hose, lawn mowers, paints. glass
and varnishes. To this list might be
added mining machinery, which is
looking up decidedly. In fact. the
increase in this line is the occasion of
much announcement to the trade.
Dealers report that the outlook for
the fall business Is highly encourage
ing.
DRY GOODS.
In the wholesale dry goods trade,
business is reported as SLOW this week,
owing to the season, though something
is being done in "hlling in stuff" Lo-
cal houses are receiving outing fan
nels of various patterns in checks,
stripes, plaids and in plain colors.
There is much counting on the fall
trade. with semi-annual clearance
sales In some places, The cotton
goods market is reported making sea-
sonable progress toward the normal.
Shipments in the primary market of
late have shown a decided increase.
and efforts to clean up all lots of low
line dress goods have been strong. At
the same time there has been a gem
eral buying of staple prints, ginghams,
domestic cottons. and lines of semi
staple cottons, There has been some
thing of halt in the print cloth de-
mand, with the mills facing a small
err volume of business. Bleachcd
goods continue to sell in a general way
TO jobbers. with leading agencies look
ing for large July and August trade.
SIX men are watching fall develop
ments closely. Soft silks are said To
be growing steadily in favor. and will
be largely bought for fall Crepe
weaves are beginning to come in
strong favor, with taffetas represent
ing 80 per cent of the fall sales In
the larger western cities pcau de cygne
ranks next TO taffeta, with satins in
the third place. Fancy surahs have
been taken up FOR use In making UP
cloth stripe effects. The linen situa-
lion Is considered favorable. For cur
rent demands, dress linens still lead.
Jute prices have sharply advanced.
All dry goods men are Interested in
tho announcement that n succasaful