Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-05
GALL FROM. AFFAIR
FOR BIG: LOANS !. D ! [
Utah Finanoiet'!rrssS Receive Re-
quests from The Pacific
Northwest.
[ HOPEFUL TONE 70 N :, PREVAILS + E /
al Lines Of Business Report Steady
Tradc-Collcctions Fnir-Suggcs-
lions OF Prevailing Models.

The financial situation continues
good. The banks report a strong de-.
mand for money; while those banks
whose charters permit them to take
mortgages as security, are hardly able
10 supply the demand, There is quite
81. . call on Salt Lake banks coming from
Idaho, and even from Oregon. Rates
remain stiff. The purely commercial
banks are generally able to take care
of all good applications. The increase
In the value of farm products indi-
s Gates that the farmer is exceptionally
prosperous. Butter and eggs are es--
pecially scarce. except for the cold.
storage varieties, with no immediate
prospect of any letting up in price.
The prices of poultry are also OF a
high order. The bad weather oper-
ates to hinder out of door work which
builders We're zhurrying to carry on.
The effects are visibly manifest in the
+ large number of men out of employ
ment, and evidently this will be q
serious condition through the winter.
Outside of local circles business is
assuming a gratifying increase. Mills
that have beeen idle for sometime, are
being started up, and other manufac-
turing interests that had laid men off
during the depression, are taking
them back. The gross receipts of the
railroads are little, if any. inferior as
whole, to the prosperous times OF
1867. Money is easy in eastern
money centers, but not enough to en-,
courage much of a speculative spirit.
Iii short, there is a healthy supply
adequate to a healthy demand. Prices
of securities have advanced little
since the last report, but SO near up
to the mark OF prudent valuation that
in many lines, not much more of an
advance can be expected. When one
compares the deplorable conditions eX-
listing in England and Germany. where
so many men are out of employment,
with returning prosperity in the Unit
ed States, the American people have
great cause for congratulation, and
can face the coming holiday season
with complacency.
THE CLEWs LETTER.
Henry Clews, in his last weekly
special letter from Wall street, says:
"Convalescence is still the rule lii
business affairs. The improvement Is
more marked in some directions than
in others: but recovery is real never
theless, and in many instances the
volume of business is as large as in
1906 or 19Q6sat this time, comparisons
with last year being misleading. This
is clearly proven by the weekly bank
cearings, one of the best of business
barometers. Compared with last year
clearlngs are fully so per cent greater,
owing to increased speculative actiy-
ity and the fact that a year ago bust
ness was paralyzed by tho panic
Compared with the two previous years
they actually show u slight increase,
particularly in the west, where the de-
pressing influences of the panic nave
had least effect Railroad earnings
show steady Improvement. the gross
receipts Of "a roads in the second
week of November exhibiting a loss of
less than / per cent. In the month of
September la roads reported a loss
of nearly s14,00O,000, but owing to a
reduction of $19,700,000 in expenses
there was a net gain of $500, goo, an
unexpectedly favorable result. The
railroad outlook is just now more sat