Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-11
Summer Business at Average
Point--Finanoial World
Optimistic.
INCREASED VOLUME APPEARS
Dry Goods Moving Rapidly In "ho'e-
sale Lines, Retailers Doing wen
with SeasonabIc Goods,

of the situation is that the New Yorh
banks recently showed higher sur
plus recently than for number OF
vears In 90 days the York state
hanks have increased deposits by
sos. 900 600. The Pennsylvania rail-
road which has earned S2,OOo,O0O
more than dividend requirements In
six months Is re-opening Its closed
shops. Although 5000 miles of rail-
road are In the hands of receivers,
railroad dividends July 1 We're prac-
ticalIv the same as last year, while the
southern road has given up the plan
to reduce wages, and the Mobile q
Ohio has restored the cut in Office sal
aries In the Pittsburg district new
coke ovens are being opened up, while
reduced imports indicate that personal
economy is overwhelming hitherto
personal extravaganza. Local finan-
ciers are watching closely the returns
of the railroads and crop repots as
pointers in financial predictions. They
refer approvingly to financial letter
just received here In which it says;
WILL SHOW SMALL LOSSES.
When earnings for July August
and September come to be published,
it is probable they will show much
smaller losses than those of the pre-
ceding three months which reflected
the worst of the panic so far as the
railroads are concerned. The crop
movement has already begun. This
VIII make increasing demands upon
the railroads, as we'll as providing a
stimulant to other traffic. The most
unfavorable feature in the situation
is the crop situation; too much rain
ana low temperatures during the last
three weeks having made corn very
backward, and caused a decrease In
acreage In many sections. The low
lands have been severely flooded not
only TO the injury to corn. but also TO
wheat. which may show slight de-
terioratiou in the next government re-
port There Is still plenty OF time,
however, for corn to regain lost
ground; and the condition of wheat
was so high month ago as to leave
ample margin for a decline In condi-
ton without seriously impairing the
fine prospects reported on June first
In brief, the crop outlook is not as
brilliant as a month ago but no seri-
GUS danger has been done, and there
is abundant time for Improvement.
Briefly. stocks are In strong hands.
the floating supply is light, liquidation
has been thorough. weak points have
been thoroughly eliminated, and the
big men find little difficulty in sup
porting the market against all attacks. |
small, and speculation is on much |
more restricted scale than usual. for |
no one cares to part with stocks when |
believing that the worst is over. The |
technical position Is consequently a |
strong one and opposed to lower |
ments are frequently of an unfavor-
able character
LUMBER.
The lumber trade reports that as
lar as they can ascertain the rail-
roads do not propose contesting the
decision of the interstate commerce
commission In the matter of rates on
lumber. This has STRENGTHENED tho
market and cleared the atmosphere,
IL is expected that 60 days will see in
creased buying by dealers, and by the
hrst OF the year the business win be
normal The feeling in the trade is
mat prices are going up. so all who
can afford to will keep their stocks
without trying to sell. The retail
trade is fairly good; although collec-
ions are not so encouraging A fea-
lure of the week is the establishment
Of a new lumber yard In this city. the
Mcfarland Lumber company. with 81
capital of $4,000. AS this makes the
seventeenth lumber yard now in Salt
Lake. !
HARDWARE.
The hardware trade reports BUSH
ness as very good during the week.
argely ON account of the weather.
rhe special lines of goods called for
include automobile supplies, bicycle
'undries, paints, oils, window glass. ;
brushes hammocks. harnesses Of All |
Kinds. garden hose, lawn mowers ,
Nire screens, binding Irvine, builders
hardware and mining machinery. The
after is picking up in a gratifying
manner.
WHOLESALE DRYGOoDs.
IN tho wholesale dry goods trade.
obDers report the sales of dress goods !
aIser OF late, with high novelty coll
- ~ an classes OF fabrics command s
ny me attention of buyers The col !
rs most in demand are peacock blue. $
'ronzes IN wide range of shades,
llse greens, smoke grays. browns and
GUS On cloaking and dress goods
stu Tor winter walking skirts, the
eInanu ~ reported slow, manufacture
Is agents saying they have seldom Z
eho'o sHlsred July with so few or
harlS Indications point toward
GoHllhuahce of the Empire STYLES
no wraps. The strict Empire models ,
re greatly modified. and I'm somn !
distances give but faint Suggestion Of
ne period they are supposed to rem
eseht' Ihe elaborate use or trim u
ilhgs and the change In character- {
,tlc INES IN costumes iobbers sov :
i've the seasons early offerIne,s
oy.ity lacking the past year. Full
nhgth sleeves viii be the chief featnre
the tailored suit. For fashionahio
'casions the Persian ofnbroIdernd
Dstume is meeting with favor win
apartment store buyers ordarIn,,
lantities OF these In skirts re 4
Kisses, the plated and circular mai
rms are leaders. Jobbers are ma
" considerable TO do indoors nj nraa-
al IN arranging goods being received
y me fall trade; shipments begin
ing August /.
RETAIL DRYGOODs.
The retail trade locally has had n
lsy week largely ON account of
'ecial sales al which the store keen.
y nave been busy getting rid or
oxen lines OF goods, as well as sueh
lsold lines as would be unprofitable
carry over until the next season.
acre are some goods which are So
erlastlngy staple that they viii
ana thls Other classes OF a more I
ansient value must be got rid OF nj
W price 10 clear the shelves There
,re some remarkable slashlngs I'm 1
ices certain lines of non-popular
ltterns being reduced 90 por cent.
'opie nave been buying in all lines
~ III all depArtmente but nrinnlnaliy H.