Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-08-22
FARMING OUTLOOK
INDUCES OPTIMISM
v,omlse of the Harvest Field Has
Stimulating Effect In All
Lines of Commerce.
MONEY IN STRONG DEMAND
cali for Loans Taken 10 Indicate That
The Business World Generally An
ticlpates Return 10 Normal.

Tor n week OF midsummer, local
,,giness conditions can hardly be found
4 .o,,t with. The financial situation has
/ ,,.n GOOD, but dull. The promise of
,,rerabundance of crops in this state
,,s created feeling of optimlsm and
,ery properly 50. for when the farmer
,rosoers all classes seem to prosper.
In banking, everything Is reported sat
,sfactory, with the demand for money
strong and an ample supply for all le-
q citmate purposes and demands. But
"A ,hers are many applications for the
nc, Of capital which are not always
a wise In their conception; yet indicate a
! strong feeling OF hopefulness, and con-
tience in the future. This may DO
noted locally, as well as elsewhere. and
1 the expression locally, includes Utah,
/ Idaho and Wyoming. for these three
/ states constitute one financial family.
/ In the east, while conditions are not as
1 Kood as in this part of the country,
/ ihey seem to be moving along Conserva-
4 five lines to recovery. 1t is estimated
/ that Is per cent of the possibilities of
adverse conditions are behind us; and
there would have to be a serious change
N the immediate future In order to
greatly lessen what seems now to pro-
mise abundant crops on the stock eX-.
A change in the east, the best securities
n bring good prices; but the investing
Il public is steering wide of anything
fashionable; so there is but little in
clnation to invest in anything not
strictly up to standard; in other words,
the wild cater is having hard time
Of IT,
LUMBER.
The lumber trade reports no change
Of prices since last week, although the
market is stiffening just a little. city
business is picking up more. The new
railroad tariff does not go into effect
|Nntil Oct. Is, the interstate commerce
commission granting the roads so extra
days in which to prepare and publish
their new tariffs. The Portland gate
way case has not been finally settled,
as the railroads are proposing to set
He II in the courts. The controversy
means that eastern shippers demand
one rate from all common points west
Of the Cascade range. instead of paying
IA regular rate from Portland, plus the
to Portland from sawmill
points north and south.
HARDWARE.
The hardware trade reports no change
vhatever from last week, and with q
General good all-round business While
|tade of course Is not better than last
gar at this time. ii Is claimed that
\Nsness is fully as good.
DRY GOODS.
In the wholesale dry goods trade,
iobbers report dress goods prices re-
duced from 7 to Is per cent. with large
mills reaching out for business, indi-
eating they are up with their orders.
The radical cut in the price of some
dress material causes some confusion
IiD tho trade, 1t being claimed II la
not justified by the cost of labor and
raw material, and the trade press char
acterizes the move as an effort for
business on basis of value that will
insure buyers taking firm hold from the
Outset, Orders entered thus far, are
reported to be on luster goods and cot
|tonwarps chiefly, although all wool
goods, such as panamas and serges,
have been well received. The house
trade with jobbers Is referred to as
fairly satisfactory. The general dry
goods trade is said to be dragging. auc-
ton sales causing buyers TO hesitate.
|The demand is much less than
I'm May or June, With an
oyesupply OF heavy colored cotton
goods, while yarns are being sold at
sacrifices Print is becoming more ac-
tive with some trading in sateens, and
Y the finer lines Of plain cottons.
western buyers are now calling side
goods In NJ
tIs. This style has grown so Inn
portant that some of the largest mills
are running extensively on various
notifications OF II in indigoes, blacks
and whites, and nearly the whole range
Of fabrics handled by staple produc-
er Unticketed bleached fabrics are
cheaper. There is a better call for
Shghams, with the demand, however,
not equal to the output; fancy white
Goods are cheap, perhaps more so than
ever before when intrinsic values are
considered, Knit goods orders are re-
ported In better shape, with signs of
an increased demand, and some adj
Nancos are reported. Linen orders are
coming along more freely with fair
business IN prospect. The demand for
.sHks Increases, with prices advancing
IH proportion TO the rise In raw silk.
RETAIL TRADE,
IN the retail trade the usual mid
summer conditions obtain. Dealers re-
port business as very fair. with the
women beginning to buy scrges most
b IN dark shades for chldren's
Inool dresses Dealers are beginning
70 feature satin finished silks and satin
uepes IN their window displays, in
. .eW ran colors. Most of the shades
tsnoWn are In London smoke, elephant
breath olive and myrtle greens, new
sneues OF golden brown, channels and
r Ion shades New fall goods are ar
m r, dallN, as the buyers are closing
up their eastern purchasing ana re.
gMrnlng home Local dealers believe
can Lake viii witness a good fan
" on SO are making preparations No
Vhe seems gloomy.