Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-09-26
il IMPROVEMENT
Al |. ALONG LINZ
The Local Commercial Situation.
Shows Steady Advance as Fall
Season Opens.

4 ,oe DO dsoli UpetiS.
SECURITY Y /. is Is ia 8 i SHED.
4 Dcrosits arc increasing in suit Lake
At the Rate Of Five Per Cent
a Month
me local commercial situation is
i one OF steady improvement In bank
ing circles the special interest lies
In the annual convention next week Of
the American Bankers association in
!. DeVer, which will be largely attended
8 ny hnanciers from all over the Pacific
4 slope. A dozen Salt Lake bankers will
Y attend. The Salt Lake Clearing House
association. through It's officers Will
Welcome the California delegation to
- . ne convention early tomorrow after
noon and escort the visitors about the
City in automobiles between trains.
rad they time, the Californials would
K nave been given a special organ recital
N the tabemacle. Salt Lake bankers
would like to see the 1909 convention
z come to Salt Lake; but the indications
4 point strongly toward Washington, ID
\ 81 as the place, though Utah monied
men are not without hope of seeing
this city selected in the not distant fu-
ture.
s. e DEPOSITS INCREASING.
Inquiries at the banks brings out
thai deposits are increasing at TIE rate
of at least per cent per month, an
Intelligent estimate placing the round
& figures as to the aggregate of deposits
at8from S25,000000 to $2S000, 900. There
s Is q general feeling in all banking cir
Giles. as the sense of security becomes
more firmly established in the COM.
munity. Money Is freely in demand
at the usual rates of interest, the var
tety OF applicants forloans increasing
as time goes OH,
CONDITIONS. IN EAST.
An eastern letter received at the
banks yesterday. says relative TO gen
eral banking conditions:
The general outlook OF the market
cannot be called satisfactory, the ten-
dency seemingly being towards lower
prices. Briefly stated the situationis
this: After a rise lasting several
months, which overdisoounted all pos
sible business recovery, IA reaction was
due. The panic has been more severe
in its effects, especially upon tn rail-
roads, than was eXpected General busi-a
ness, though improving, has hot raj IA
lied as promptly or asSfullS& as gwas5ex
pected; nor have the crops met enrly
calculations even though they turn out
better than last year 1T becomes
necessary, therefore, to modify extrlVa-
giant expectations which had so much I
{ to do with the spring and summer rise.
1t must also be remembered that this
phenomenal advance would have been
absolutely impossible but for abnormal2
s ly cheap money, which meant & dear
stocks and imitation for, which there
is usuallY.a penalty some day gain
we are now III the height of a presi-S
Dental campaign;g and though there is 4
nothing ssseriorslyi disturbing ms the
present contest u affords no material
on whichsto prolong the late bull mar
ket. The tariff is sure to be a sub
5jest of active discussion, and that is
not auieting to business interests. Be
sides guncertair1tys Is always unset fling
and 1T may be good politics to give thu
market a. scare, Which can be readily
aud probably done If it happens to-
coincide with the plans of the CHIEF
market manipulators. For some time
to come both prudence and discrimina-
ton WIN be necessar In the buying OF
stocks; s. fluctuations. however, will be
wide and frequent until after the cleo
itfon. thereby making 1t good, quick
trading market S5
SHINGLES ADVANCE.
The lumber trade reports no change
{ In the past week. with the exception
perhaps of shingles which show a
slight advance, with Indications of al
further advance at most any time. The
goes into effect tOet.a1f has a tenden-sI
~ to keep prices stationary Port
land Is the market. from which this |
territory eraWssits supplies and but II
Tor thecoming opening of this gateway.
would send up prices materially. So |
Z this acts as a sort of governor in reg
uating prices The trade reports sale !
of considerable lumber that is going
z Into bungalow houses.
FAMINE IN FRUIT JARS.
The hardware trade reports good
a times. There is an unusual demand
Tor fruit Jars all over the city owing
to the unusually heavy fruit supply; \
the supply of jars is entirely intom-
mensurate to the demand. People
have been buying lightly this summer.
ess;the times required tightening of |
the family purse strings and the fact
that there would be such snrplusage
tuIz4IIplt MdS sllpl illlutISloptlt SO HOWL
when every housewife would 60 TO can
ming there are not enough jars. The
receipt of Jars from outside for this
week was only two cars, of 40 to 100 Il
gross each, when dealers ssty Is on even
1Sa car loads would not be too much.
Prices are q tritle higher than last year.
There is also a good demand for beet
rultivators and supplies, as well MS for
Chains. bolts. heavy hinges for beet !
racks. heavy harnesses. whpstoeks and
iashes. Saddlery is a Very fair sellersi
ahead of last year, as ranchers arc
now starting to round UP their stock |
preparatory TO removal to the winter
ranges. There is an immense, traffic
ln5sporting goods, loaded shells for shot
guns and guns themselves ms the duck
season will shortly be ON Football |
goods are in strong demand, with |
boxing gloves and gymnasium shoes
and equipment generally. There is a
ane movement IN builders hardware. i
as there are many new houses Just
being finished up and calling for fin
lshing hardware. Ranges and heat
crsf are selling Very well, as are also
household goods in tin, granite and i
iron ware generally.
. Il