Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-15
neal Commercial Situation is
Very Fair Considering Past
Experiences Generally.
CLEARING HOUSE BAROMETER
.,.so steady and Healthy Condi-
local Financial Transac-
lions All Along the Line.

,..u commercial situation Is
co,,s,dorlng past recent ex-
-..nees. and the time OF the year
,a,pinr circles, the bank robbery
il' ot,on has dwinded away into COM
'''. ,sce remark, and for the pres
~, ~ least, takes its place among the
perennial mysteries,
The clearing house figures lhdlcate
...oay and healthy condition of local
snanclal transactions. although not as
40, more than approximating last
-. egnres. which, by the way, were
sat,.. sfeadily padded by carrying over
t5e,lcos--a condition, which no longer
a,ists General business among the
tanl,s durlng the week was steady ana
sa,r though not noticeable for special
seatures The Commercial Natonal
bsnk IL still without its new hoard OF
officers. owing to four of the old board
beInq I'm California, so there can be no
eiectinn until they return. Gossip on
tho recent panic has not yet subsidized,
and anent this, the following para
graph from a recent address by eX-
Gov Herriek of Ohio, is pertinent,
where he says
,The aftermath of the panic is now
becoming apparent In the lessened bank
clearings which are running about 80
per cent below those of last year.
prices of commodities are already sub
stantially less than they were four
months since each of tho last three
months has recorded decline in the
average price from that of the month
preceding. Funds are already showing
tendency TO flow to reserve centers.
snd IL is quite possible that in this
respect, the history of the panic of 1898
will be repeated. In February, 1894,
about six months after the panic of the
preceding July, the surplus reserves OF
the New York banks amounted to SILL
e00OO the highest they have ever been
either before or since. The gross earn
Ing OF some railroads have declined so
per cent, and the average decrease for
ell the roads OF the country for De,
eember was over 10 per cent"
NEW YORK BANKERS BLUE.
Reports received by Salt Lake bank
sfs from eastern money centers indi-
tate much perturbed and disturbed
Unditions, not only due to aftermath
fon the panic, but also TO the recent
message of the president, and the
change of heart with the Legislature at
Albany. This is said to affect unfavor-
ably large enterprises which depend
upon the iiotatlon of stocks and bonds.
and some of the New York bankers are
disposed TO take a blue view of things.
But, one optimistic Wall street banker
has an encouraging paper in the Amer
lean Banker, in which he says:
t.o..
putting the financial world once more
into healthy condition, with surpris-
ing rapidity liquidation in the Industrial
world Is placing business back upon a
FAR sounder basis than II has been on
Tor some years past, anomalous as this
may appear to be; and liquidation In
the labor market, which we have per-
Sistently foretold. is already well under
way. While in one sense these clrcum-
stances are not of an encouraging ma.
lure, IN another they are of the high,
Ell Importance as being absolutely pre-
requisite TO condition where pro.
PER and healthy basis for another great
Upward swing In prosperity may be
said to exist
BOND MARKET.
The bond market is resumIng normal
lsatures AS one financial authority
hath II,
The advance in bond prices during
We past two months has demonstrated
WAtly tendency on the part of IN
Islnrs TO take advantage of the pre-
l..a.a