Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-25
RI|s|NESS VIEWS
Of THE WEEK END
es,ralg Optimistic Tone Pre-
NiIs in a Season of
Much Quiet.
MIXERS ARE REJOICING
aim Movement Toward Normal
conditions Causes Hopeful Ex-
pressions in the East.

u,ba rythm of the weeks trend of
Current events was broken by yester-
Elav's being a holiday, and the general
Cessation from all business for the
III ire being. But as a whole, the week
has been one Of some moment in
knoney circles, due to the opening of
III he new Merchants Bank in the
Nudge building also there was the
hleclaration of a per cent dividend
In the Deseret National bank, and the
Election of offers by the Deseret saw
Hngs. In general, financial conditions
uontlnue to show steady Improvement
Hhiehy owing to favorable crop re-
b,orts. easier money, and a more hope
Hui feeling in the business world.
Banking men report that the depres-
hion Is slowly but gradually disappear
hng. and evidences of improvement are
hislble In the diminishing number of
IDLE ears, in the somewhat better or
Hers for steel, in partial revival of
Building. and in steadier demand
Nor merchandise in many of the lead
bng markets. II may be some time
before the activity of 1907 is regatned,
but the recovery should be more rapid
hhan usual because the country gem
tuction as during the previous panic,
End ere long industries must restart
D. prevent an actual scarcity of mer-
Ehandise If present contraction is per-
tisted in.
} The most stimulating element in
the situation at present Is the crop
outlook. Financiers report that the
born crop this year according to pres
knt promise will yield 2,700,O0o,O 700
Bushels, which at the September OPP
tion price of So cents would be valued
Et Sl,700,o00,000. The wheat crop
with an indicated yieId of 675. 600, 900
bushels at SO cents per bushel would
amount to S627.000,000. The cotton
Prop which promises 10000 900 bales
Et y cents would yield about $780,
lOO,0 600. The oat and hay crops, now
lOut of danger. are record breakers in
quantity and quality. Last year these
two crops were valued at over $1,000
100000, and this year that sum Will
De further exceeded. All the crops of
El907 We're estimated by the depart
III hent of Agriculture at q valuation of
t7,i12, 100000 on the farm; and in
lew Of the larger yield this year, and
uhe good prices generally obtained. 1t
II quite reasonable to expect that
runners this year will produce new
Eaalth worth at least $4,000, 900, 900;
ham largest sum ever realized in one
Tx by this country or any other
bNsl agricultural products. This con-
ayssd prosperity of our farmers will
q h e strongest factor in recovery.
|sns ASTBRN CORRESPONDENTS.
ia ecent correspondence from eastern
tsFey centers reports the money mar
yet easy and undisturbed by either
0DIernmpflf
pus Renewal Of the latter on a
oderate scale was somewhat of a
krprise. Fortunately there Is plenty
gold to spare: and the fact that
freign Indebtedness is small and that
Pain and cotton viii be shipped more
Freely at good prices, renders any inn
Rortant efflux of gold improbable.
FMS country still retains fully one
pan or the 100000, 900 gold imported
Ffter the panic. The outlook for the
general market is favorable. A bet
Ter investment demand Is in sight. es-
Pecially for good bonds, which at pres
fnt level and In view of the low rates
1or money would seem to be desirable
rs investments to institutions and
wealthy buyers. Stocks have already
pad big rise and are exposed to
fharp reactions from realizing: but as
3ons as the market is free from crop
fnd political scares the efforts TO lift
prices will continue. Those in control
n the market are rich and powerful
fnen who have not vel succeeded in
materially distributing their load. the
public for various reasons having re-
FUSED to invest.
LUMBER TRADE.
The lumber trade reports business
picking up. Lumbermen are feeling
fhe effects of the building move, as
pew buildings are rising from their
FOUNDATIONS, requiring lumber for
Fheir completion. Dealers report sew
Beral additional warehouses in sight
(which VIII call for considerable ma
4lerial. The general market is firmer,
with the sawmill men specially conf
ldent that there will be higher prices
slhls fall, with steady advance from
{now on. The outlook seems to be
peter every week.
HARDWARE TRADE.
II, The hardware trade repots a stead
Ply inceasing business along all sum-
fiher staple lines, mentioned i'm detail
last week. The outlook is hopeful,
even IN mining machinery
WHOLESALE DRY GOODS.
In the Wholesale dry goods trade,
t!opDers report the outlook for the fall
,rade good. Light weight fabrics will
pe popular, with staple worsteds and
WooIena lower. The dress goods mills
ere reported as reluctant TO turn from
iaH INES and admit that the yardage
considerably below that of last
year Buyers are Keeping their re-
oFders down TO such small volume that
y 10 necessary for manufacturers to
force the issue on new lightweight
mes the trade agrees that for the
|Ipllng or l9os weight satlns, chffons
lightweight serges. taffetas. wool SAT-
ms and yolles Will be the special ia
Yorltes for the new season Striped
suitings In woolens and worsteds ARE
demanding much attention. This fan
IVY mark the introduction OF the