Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-11-21
BUSINESS REVIEW
SHOWS STRENGTH.
-----.-------
TRADE BRISK IN ALL LINES.
In Financial and nd lnuds-
trial Branches.
$500 --------.-
Gratifying Stability is Apparent
Gratifying Stability is Apparent
collections Reported Better Than for
some Time Past--sharp Adj
yanccs in Leather.
rho financial situation still continues

Tho financial situation still continues
satisfactory Everything Is reported
,nnning along safely and conserSa-S
iiyely. 1t is considered rather Il mat
tor of fclictation that since the cleo
ion the business part of the country
has not become unduly excited, and
plunged into reckless speculation, but
is inclined take a sane aud healthy
view of the situation; also, to show
mat changes for the better shall
come in natural ways and be per-,
manent rather than be titful and
uncertain. The probability is. there
is still quite large margin between
values of stocks and bonds now and
what they will be ono year from now;
and the fact that the best securities.
appreciate slowly, speaks well for
the stability of. the business Sitlla-t
ton. Labor is being re-cmployed.
mills are starting up, and industries
are pushed along careful and con-
serative lines. And while the wheel
of progress may not roll on as fast
as some people would like, yet they
are moving as fast as prudence would
dictate. 1t must be apparent that
the pace the country was moving kept
up indefinitely 1t is to be hoped that
lesson has been learned from the
Vnst panic, and the country will not
be IN too great haste to travel toward
tho prosperity goal The best inter-.
est of any country Is subserved by its
business interests moving slowly, yet
safely and conseratively. Nothing is
TO be SO much dreaded as undue haste
to promote business or business inter-
prises. When it is considered that
the wealth of the country was doubl-
cd in a few years, We can clearly see
finI,p q In
definitely would lead to extravaganza.
to an undue accumulation of wealth
threatening the stability of business,
as well as the safety of poll
teal interests. The two should
go hand in hand along eau
tious lines, and every good
citizens should exercise every effort 70
preserve the interests of the country
from undue excitement and unhealthy
action.
LOCAL CONDITIONS.
Locally, business matters are in a.
gratifying condition. 1t is marvel
the number of new buildings erected in
Salt Lake the current year, both the
individual and apartment houses, and
what Is also ag reat marvel is where
the people come from to occupy them.
for 1t seems they are filled UP as fast
as built-in fact before they are built,
as may be instanced in one apart
ment house on South Temple street
where tenants have moved in before
the building Is finished
The farmer has gathered excellent
crops, and received excellent prices for
them, which places him in the fore
front of prosperity.
COMMENT BY cLEWs.
The Salt Lake public will be inter-
csted in the following railroad conf
lnent of recent date from Henry Clews:
THE stock market suffered some
what from a reaction, partly be-
cause the Hartman lines failed to do
what was expected by raising Union
l'acificis dividend and providing for re-
trement of Southern Pacific preferred.
The market really took these disan-
pointments more seriously than was
justified. The truth is that stocks had
reached level that made proflt-takins
exceedingly tempting and the Hartman
meetings simply marked the turn which
had been much delayed. Stocks are
iow being quietly distributed, and care
should be exercised in all purchases.
\ very hopeful tone, however pervades
the entire market, which is entirely
justified by improvement in business.
conditions and by the better railroad
outlook. Railroad traffic is steadily re-
covering. and gross earnings for octo-
Ter thus far reported show decrease
of less than per cent compared with
per cent in, eptember and 10 to :?
rer cent In the previous months of the
current year November returns will be
much more satisfactory as to gross
earnings, for traffic will shortly return
to the normal in volume; in fact has
already done SO on some lines. When
lessened expenses and better rates ara
taken into consideration. it will he seel
that the railroad outlook is really en-
oaptionally; promising. This fact and
the cheapness of money chiefly account
for tire present high level of stocks,
mud no material recession can be eN-g
pectcd until underlying conditions
change While the present optimistic.
state of feeling lasts holders are reluct-