Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-06-06
Not All Lines Are Suffering Be-
cause OF Peculiar Weather
Conditions.
BANKERS ARE OPTIMISTIC.
Not Because of Present Conditions,
But the Future Promises Great Re-
turns from Abundant Water.

The record breaking weather of tho
mast week has greatly retarded bust
4 ness In some lines: while In others 1t
/ has not been so noticeable. In bank
ing the local financial situation has
not changed. much. The wet weather
has undoubtedly made merchandising
somewhat dull. and there has been
considerable complaint about the slow
ness of collections. But viewing the
tltuation as whole, there is consider
able cause for optimism. Although
there has been great quantity OF rain,
yet II Is always the case that wet,
or backward spring, insured abundant
cops OF wheat, oats and barley as well
IS good feed on the ranges. AS for
am, there is little raised In this part
the country. Sugar beets are re-
ported looking exceedingly we'll. with
promise of a good yield. Viewing the
situation in larger aspect, there is
certainly cause for hopefulness. With
out doubt. matters are surely, If slow
ly. moving toward better conditions. In
fact, at most, there is no cause for any
great feeling of depression. When it
Is considered that 81 per cent of the
population are engaged in agriculture,
ana that times never have been better
for the agriculturist, this 81 per cont
goes a long way toward evening up
the other SO per cent that have suffered
by reason of the panic. And OF this
90 per cent 1t must be remembered that
not all suffered to any great extent
Some lines of manufacture suffered but
very little disturbance, as for Instance
all manufacturers of food and meat
products, manufacturers of leather and
leather products; and even some lines
OF ury goods did not suffer severely
The worst seemed to have fallen on the
wool interests and wooden manufacture
ers, as well as on all articles OF luxury
ana sacrament Even wooden manufac-
lures are now considered something of
a luxury. because tho cheaper cotton
can, when necessity requires, largely.
II not wholly, take the place OF wool
ana IN fmeasure silk. Jewellers and
especially those dealing In precious
stones probably suffered the most. but
taxing all In all. the American people
have great cause OF satisfaction ne
they look back over the history OF The
past few months. to see how little dam
age has resulted from the experiences
of the hard times.
LOCAL MONEY CIRCLES
m money circles here. things are
moving along satisfactorily. There is
afair demand for money for legitimate
|
poets for the future are yerv good
As for the money situation In the east.
ne quotations read In the press dis
Htches are misleading, because those
Wy low rates are for very short per-
rs or time; and on class of seour-
sles that do not obtain in this part of
me country. The ordinary borrower
sas TO pay good rate OF interest In
The east; In fact 1T is difficult to get a
loan that natures after the presiden-
dial election. The policy to be pursued
seems to be n waiting one, and no great
change may be expected for some
months TO come. Values of stocks ON
the stock exchange, of the better class,
have nearly recovered their normal
level. AS to those of q speculative
character, they will remain cheap until
the severe experiences OF the past few
months have been measurably forgot
ten.
LUMBER TRADE.
sale and manufacturing representatives
as on the anxious sect waiting for
decision by the interstate commerce
commission promised this month. Any
decision favorable or otherwise, will be
welcome as cleansing the atmosphere,
Many mills that can afford 1t. or which
have no contracts to ILL., have closed
reproduction Is being gradually
worked Off so that by the middle OF
fal business will be found in better
shape.
HARDWARE.
The hardware trade reports the re-
tall branch as considerably affected by
the wet weather, while the wholesale
trade did not suffer appreciaIbly Ono
big wholesale house reported that on
Monday last. 10 more orders were re-
ceiyed and filed than had ever been
received in any previous day In the his
tory of the business. The principal ar
tlces called for this week were fishing
and sporting goods from people prepar-
Ing for summers amusement. renliz-
Ing that this very unseemly weather
cannot last forever. In the Jobbing
line. all kinds of goods are going out
10 retailers, and the face of the cloudy
skies does not mirror the countenance
OF the wholesale branch Of the hard
WIRE trade. There Is reported also a
strong demand for harness goods and
saddlery.
DRY GOODS.
The wholesale dry goods trade re-
ports some advances In bleaohed ana
brown cotton goods. light sheetings,
staples, giughams, etc. in which the
low prices recently made by agents
have been recalled and goods are now
placed at value. Johbers are placing
their orders on staple prints, ging-
hams, and brown sheetings on which
II Is predicted that advanced prices
VIII be placed later Trade had be-
come stagnant. as buyers were loath
TO purchase. So manufacturers, TO
.
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