Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-05
DEPOSITS GROW
IN LOCAL [ ! "a BANKS |:|| 4 J.
Receipts from Wool Sales Have.
Marked Effect in Bank
ing Circles IL
BUSINESS KEEPS s UP WELL.
All Lines Report Good Volume. With
collections, However, Slightly
Below the Average.

The Vocal banking feature OF the
week is the declaration OF a 2 per cent
regular and 6 per cent special dividend,
amounting to $4,000 by the lions saw.
,ng's Bank & Trust company. Local
hanks report deposits Increasing, ana
plenty OF money in the intermountair
hanks. The sheep men are not in the
market for money as much as they
were following heavy receipts Of late
for their clips The steady increase
IN bank clearings still keeps up its
rnce People, who are borrowers now
IRE mostly those who have irrigation.
md building enterprises in prospect
rhe hanks generally are in a most sal.
isfactory condition
THE cLEWs LETTER.
Henry Clews{ in his last circular lat.
ter has the following to say:
If prices are 80 be held at their old
level some further stimulating develop
ments will be required, Much depends
upon the crop situation. which Is not as
encouraging in certain respects as
might be desired Nevertheless, there
nntlook is for a fairgsized wheat crop,
although the nation would unquestion-5
Enbly be benefited by a much larger
yield than is now In prospect. There
is. however, much Compensation in the
3 outlook for corn, which promises a large
md profitable crop; possibly the largest
on record. Our corn crop last year
was valued at considerably more than
wheat and cotton com bined. The OUT
is.f .t.,1pt m
1t good prices; SO that If corn and cot
ION realize expectations there will be no
reason for anxiety concerning our ag-
ricultulal outlook. Our farmers wilt
again be a highly important element in
The continuance OF national prosperity
and they are in the fortunate position
of having a sure market for all that
they can possibly. produce at very pro-
dtablc prices. Such conditions should
stimulate their exertons to the utmost
in order to secure the largest yield pos
sible a result which would be not only
beneficial to them, but to consumers
ii large, who are feeling the present
high cost OF all food products.
HARDWARE. rs
The hardware trade-reports collec-
tions not quite as good as they have
been, though general business continues
+ SfallIylnS- II lnere rs d slnlNeu hSSofl-A
ment of goods being sent out, with
considerable fishing tackle and build
ei's' hardware. and orders fora fall
goods continue to be. received. The
mining machinery eature Of the trade
Is looking up with promise of its be-
tng better than ever, as the snow is
disappearing. and the prospectors are
getting out into the hills.
LUMBER.
The lumber trade reports practically
no change IN the wholesale department.
but in the retail trade the lumber yards
are doing much business, working toll
their full capacity. The same active
conditions obtaining here do not OBJ .
tain east, whence orders for the Puget |
sound mills are so few as to affect
shipments from that source materially
1t seems tbs. the railroads are order
Ing much less lumber than formerly,
cement construction Is obtaining more
and more of a lfoothold, and metal win
low frames, castings and doors are
more in vogue than ever. ! Then metal |
IS being substituted fOrbwood in railway |
tiss-heretofore "a source of an enor- |
nous consumption. and In countless
ways stone and metal are being used |
where formerly only wood was thought
Of, 1t is believed the price of lumber
will fall off a little in the wholesale
markets. tsl
WHOLESALE DRYiG GODS.
The wholesale dry goods trade re-
ports the usual steady business in sea- /
fonable stuffs, such n lawn. percales,
piece goods. light weight specialties, |
summer dress goods, cotton fabrics.
iaquards. sateens, etc. The trade re-
ports special activity iin cotton goods, |
with the dry goods market generally !