Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-10-17
BUSINESS Tone
REMAINS FIRM
----------
Strong Trading in seasonabIe
Lines Marks This Week
Commercially.
BANKS IN SOLID CONDITION
Steady Call for Money Tends 10 s,incp
Interest Ratcs-Itcscr,es
Arc Higher.

MT.
-
1.
~. BANKING conditions continue IN
solid condition. The demand ,or
money is stroe u, w
ness o,.i,a, ''iaiis ii''es OF Dust
7''7is general desire for
tHNeal'ileht and confidence In return ~
satisfactory commerc;aI ,,,.,a
Rats Of in,aro5. ''oi.s'
t,,.u.b m.,.,, ie'iain me same,
.''1ush Win tendency to stiffeuinr on
account of the steady cal, for n,o,,a,.
and men and Institutes. ,,,,.,,
IN man ,,a VII money
no" wen able to require
siil eoseu collateral. Bank reserves
are higher, a condition th,t ,ht,i,s
,,ref+,. ,a,,o,,t, e''.'s
In his last circular nota ,ooa,,.,5
thls city, Henry Clews of New York
Gas this of interest To say.
..,rt,a
% a'his iiluch IN favor of
peter market. The west is sound and
enjoys a prosperjtv .,,pl,nov,n ha,.a
,,,.nl,e ., - =, =,
ala - so .'''sseS' ana ptoilt-
"oie piices Tor All agricultural prod
usts.
However there Ia ,na ,,,,,, ,,,,,
,,t,ra+,, ~ 9 ~. " q" D'' 5-'N
S'yI.',,'s iot oll'N mere, put generally
oNcr me Union. VIZ, the falling off in
railroad net earnings. How long tbis
viii continue to act as disturbing
feature can hardly be predicted viii
any degree Of certainty. IN The an
sencc of needed revenue roads are
forced y to economize IN all directions
and this economy means c,1rtailncnt
of business everywhere because rail-
reads are the largest consumers in the
country OF every class OF made mod
Ict. Then the revenues of the roads
have been badly cut into by legislation.
necessitating further economy. abar.s
donment or new work and shortening
the purchase of supplies. The rail- {
rcal situation is being noted with
more Of less anxiety by monied men
everywhere.
L1JMBER.
The lumber trade REPORTS az 10 the
new railroad tariff taking effert Oct !
10, that it is expected more or loss
lumber will now be moved through
the Portland gateway. but at tha sane
time the movement cannot he free he
cause of the scarcity of car continent
What stocks to come may do SO at trl-
fling concessions TO present prices. but
such concessions are not likely ia he
of sufficient conservatives ia affect tho
general level of tho wholcsale and re-
tail lumber markets. In the next six i
months or a. wear there will he a
larger field In which tolbuy II. is nroh-
. ', ma. mat TINS territory VIII not feel
as it would il still confined to Portland
and vicinity as asspurchasine market
Theregwill be keener competftion in5the
Wholesale trade as some of the large
mills on the sound are now sending
satasnien through this Hterrjtory III
= n.
of business being cleared up and plans
are under way for a number OF build
ings recurring some little lumber. How
ever, number of these buildings In
prospect are likely to be changed to
reinforced concrete as this STYLE of
construction is receiving more consld-
Grafton here than ever before.
Flax oWaRE
The hardware trade ranorts a steadv
good business especiallv in articles sea-
sonable Ia the climatic change from
warm to colder weather. There is now
n steady callf for I,itrher ,,tnnsils or
nlI kinds stoves fnrnacns hnatars of
n1l kinds ;ncIudiuo footlvo,.n,,rs .slyatns
S,adc l,,,,,i,,t, anI,i n,,,ar+ o',ia ..iothi,,t.
duck heats ana darov 5,icl,s i aratIY
fvinc feature Is The continued tner.aase
NJ mining macbinery sales which the
nanif O. sa,,inusI,, ,a,.,1nl rr;,n "a
nsn,,a,otnS ~ 81, ~ shntrrrt,s a,d
ammunition. - 80 49,
: - - 9'>.
Noon havine q slivaiy e fime of TT # The
riir ma conferences visitors made grea,
inrcads into local wholesale stocks. 50
inat re.nrderinr from eastern manu-
rnn,,,r,n., ronteI.s is hernroinr necns-3
ii5 81, - u e ,l,as mo
In sia,dv demand. stocks are report
ID IN We'll balanced condition bnt with
onlv n.oaerate reserves. with buyers
;,fn,rallr, nurchasing cautiously. Grade
"a i;Lsly "a continue 80 This fall. Dress
Goods ~ All kinds are proving good
s,l,e,;s 10 retaiiers are about sold out
M tlt,i, storls in. this lire. and are
frm Mohairs arc selling slowly after
flasher, now running to satin faced