Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-08-29
Demand for Money This Week
Shows Tendency to Higher
Rates of Interest.
SPLENDID CROPS PROMISED
largest Market for Utahs Product in
southern California Easics Up
Any strain of over Production.

-. midsummer season finds business
~ seyeral lines quiet, but prospectively
.usv In view of hopeful fall cam
roign In the financial field there is
rot much change to report, though the
demand for money in the last week Is
claimed to be good with tendency
"a higher rates OF interest. There Is
some evidence of slackening trade; but
this may be temporary, as all reports
from the agricultural section shows
promise of excellent crops, as well as
nromise of excellent prices. There Will
probably be market for all surplus
rrain on the Pacific coast, for the reason
that In California especially they are
not occupying the same position as the
wheat raising states formerly did. and
southern California is drawing large
" on the outside states for its wheat
and meat products.
The building of the San Pedro road
has opened up large market for Utah
nroducts in Los Angeles and other
parts of southern California. Financial
conditions In the east are very quiet.
Money is abundant, but bankers dis
criminate clearly as to the securities
thew are willing to receive. So the
tsIr rate for banking accommodations
Banking men say there will be album
dant money to move the crops, although
the money value of the crops in the
United states viii reach enormous fig
ures But the reactions of specula-
ton relieve large amount of money
10 be used In strictly commercial af-
fairs. Notwithstanding the extreoS
dullness IN the east 1t must now be ad-
al
toward Improvement, though slower
than some would like.
RAILROAD BAROMETER.
One of the best illustrations of busi-
ness conditions in the United States Is
that of the big United States Steel cor
poration whose business increased from
Is per cent OF capacity when at the
lowest, to IS per cent at the present
time, and this growth probably meas
ures the growth of business in the
country at large. The railroads seem
to be the greatest sufferers, with their
gross and net earnings still down, and
some large systems figuring close to the
ief1clt line. The Boston g. Maine, for
Instance, is being operated at an actual
oss As an indication that conditions
IN the west are better than In the east
Il may be stated that the business of
me Union GdClUCb lile SOUTHERN i-dClilt
Ind the Santa Fe is the best relatively
Of any railroad in the United States.
SO locally there is but little to COM
plain Of when we compare conditions
acre with existing conditions elsewhere
LUMBER IS STIFFENING.
The lumber trade reports wholesale
conditions for the past week about the
ane as during the week previous, with
prices strengthening all along the line.
IN sash, doors, glass and coast products
The advances show how the wind Is
blowing. Everything indicates GER
tain advance for 30 days. There Is
more trouble in getting stuff through,
m account of delayed traffic; but in
general, the mill men are feeling bet
Ter. and the railroads are feeling like
wise. as stable rates have been estab-
hshed all have a ground basis on which
10 operate.
HARDWARE MOVING.
The Hardware Trade reports the past
month as entirely satisfactory, the vol
lme of business being about the same
Is during the corresponding month Of
asst year. In fact, the trade Is ready
20 believe in the near advent of boom.
As ii is between seasons, thre is not as
1eavy a trade in many lines, as has
been In the Immediate past; but letters
rom retail houses throughout this sec
lion OF the country intimate the early
reception of heavy orders. The trade