Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-22
Dry Goods, Hardware md Lumber
Move With Increased Volume Mtillls
Advent OF Good Weather.

,foyc With Increased Volume Willis
Advent OF Good Weather.
* feature In local banking for tss,s.
week. was tho annual meeting Of the
salt Lake chapterSof the American siit-
.titute of banking, which chose de.es
ratcs to the national convention at
Seattle, as well us chapter Officers for,
The ensuing year. The organization was
formerly the Institute of Bank CLERKS;
hut this was found to work d isadvant-
aseously, as When II clerk was All,
Syanccd to an official position it adj
x yanced him at the same time out of the
institute. So "banll clerks" WAS chang
ed to "bankins;"F and now, the scheme
work. easier, as officials and the cleriG-,
a force are all on the same plane. The
reiuyenated Merchants bank continues
10 wax fat under the Infusion OF new
blood and the continued addition If.
substantial local $monied men to it's
backing list is an assurance of increas-
Ing prosperity. The belief is now cur
rent that its application for a national
charter is but the matter of a short
Time, WllllG
Gus banking apartments in the NeN-
house building will be also but The.
question of a short time. Another fsa-,
lure was the admission of the utanl
4 Savings & Trust company to the Sat
Lake Clearing House association. Tie
4 daily bank clearlnss continue TO mount
upward OH the wings Of the wind, rang
Ing as high as s250,00O above the figures
forstle corresponding days OF the preHi.
lJo,,
Z tin,ies, owing to the number of enter.
prises calling for cash for operation
consequently ties of interest are in.
cllned to be stiff, and collateral gilt
edged.
CLEWs' WEEKLY LETTER.
Henry Cle,vs has the following or In 8
terest to say, in his last weekly circular
letter: Tx
There are few If any. clouds on the
financial horizon. The outlook con-
optimism having extended itself into
II the commercial and industrial field
nearly all the leading industries are
1 happily feeling the impulses OF rccov-
8 cry under the stimulus of lower prices
and cheap money.
Anoticenble feature is the continued
4 large importations OF raw materials,
partly in anticipation, 1t Is true, of
tariff changes. but still very large in
expectation of larger @consumptive re-
quirements. One more very striking
indication of business recovery is that
bank clearing in the United States
during the first four months of the
current Year amounted to $1,000, 900, 900.
ar.increase5 OF so per cent over the same
u period last year. still further evil
dence OF growth is found In the latest
reports Of railroad earnings, the total
ofall roads thus far reporting in April
showing an increase of about Ia per-
cent over a year ago. Railroads are
benefting somewhat from slight adj
yances in rates, but here, too,;in actual
\ Increase In the volume of traffic plays
the most important part. 1t is quite
evident that our railroads will present
satisfactory net results during 1909,
since gross earnings are steadily ill-8
creasing and expenses have been great
7 ~ reduced by recently enforced eco
Monies. si'i *
"Of all the clements in the situation,
tho. crop outlook isSperhaps the least
satisfactory. the reduced acreage coil-
dition of winter wheat and oats be-
ing in the main responsible. 1t is
premature, however. 10 take q pes
smistic attitude regarding wheat,
since much Of the loss IN winter
wheat can be made up by the increas-&
Ell acreage of sping wheat and favor
able weather conditions during the
balance of the season. Much of the
acreage lost to wheat will be plant
ed in corn. which for the last few
years has been a. very profitable
crop. The outlook now is for a big
! corn crop, and this would practical
" Offset any loss in wheat. Corn not
only furnishes a large amount of
freight to- the railroads, but is trans
formed into pork and ether products,
and is oul. most important and stape
( Of crops. Last year we raised 1851
100000 bushels OF corn valued at
crop, amounting to 665,O0O.00p-
bushels. was valued at only s617,000,-
900. Our cotton crop was valued at
100000, 900 and had at S653.000,D00:
Sc that the supremacy of corn Is far
beyond question. Should the country
Z be favored with another big crop Of
corn, which the prospective general
increase In acreage suggests, we may
8 feel reasonably sure OF another year.
OF agricultural prosperity, the iinporl-
tance Of which can hardly be over
estimated. this country is crying in
I need of big crops, not only for the
purpose of bringing down the cost of
living but also Of rebuilding our
rapidly declining export trade.
HARDWARE.
The hardware trade reports good
general week. fully equal to the week.
3 Previous With collections continuing
10 improve. Shipments include re-
frigeraters. ice cream freezers, fish
ing tackle, base ball goods. all kinds
Of housebuilding and shelf hardware,
garden tools. hose. with a squirt in
x wire goods owing to a dropsin prices
rhieh however, did not last very
long. The mining machinery depart
mont of the trade is reported in
much improved condition. with the
Improvement over last month OF at
2 least 1 5 per cent.
LUMBER.
Tlie lumber trade reports the M
\ proved weather is having its desired ef-5
feet. 50 that the city trade. is picking
up. with everybody fairly busy. Many
buildings are to be erected this spring
which will not require much lumber,
such as the Kerns' building, the Utah
and Newhouse hotels, the Mining eS-
{ change, the, Commercial club building,
and others, and the amount of lumber
received is in proportion to the continu-
ally decreasing demand due to the char
acter OF construction, that Character
,9eir g largely concrete. Cement prices
remain about the same, With q strong
fay,y