Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-09-25
RANKS HOLDING
COIN FOR TAXES
,oeal Money Market is Rather
Tight. This Week in
Consequence.
DEMANDS FOR BUILDINGS.
,.lcu All in All Considerable Sums
Are Being Called for--Gen-
cral Business Review.

,i,s operations TO completion. and
which call for considerable sums OF
ash OF course on such occasions. the
hanks are able 20 demand gilt-edged
,orlateral. but just at present. there is
,notber reason for conservatism In
Advancing loans viz, the fact that de-
,oetors will be shortly drawing on
,he,r accounts more or less heavily to
meet their tax obligations, so that il
4, incumbent on the banks to maintain
fair sized cash reserve. which is be-
hs done one bank. for this reason,
AS refused the past week 90 grant
an, loans. preferring to keep its cash
=, hand Most of the delegates 70 the
norkers convention at Chicago are
Uni In the east Mr.. Hin having re-
,urned home as the weather down east
vas not TO his liking
FARMERS CALL FOR FUNDS.
Henry Clews says in his last circular
litter:
The strength in the money situation
viii not be surprising to the readers
nj these advioes last week The agri-
cultural sections are now actively call
mo on their eastern correspondents for
fnds 10 finance the great agricultural
rroducts and are severely depicting the
tank reserves at this center. but Il is
.,il fair 10 assume that large part
nj this money win he released before
mercantile channels require its most
extended use on the other hand our
large banking interests and some OF
ne most powerful market operators
have again been borrowing I'm London
and on the continent, and the advance
In money rental rates that has taken
Mace this week has materially in
,reased our foreign Indebtedness. Gable
,dvces from all the prominent iinan-
ral centers Of Europe indicate
sorld vide awakening to tho real
money situation. and best information
suggests that the days of superabun-
lance ia the money supply have
ssdnitev ended for this season. The
ronev situation. therefore, suggests
prudence and discrimination. ,Remun-
prauve interest rates for the banks are
not necessarily a handicap to an up
ward movement OF important dimen-
rons. especially II such rates are the
result n improved conditions i'm trade
md Industry Aside from the iron and
wee Industry there ls however, slight
Indication Of any general trade recup-
ration But in the particular in
rance in question the improvement is
hhng on almost unbrdled activity
md may well be permitted to counter
lct Deficiencies in other directions
HARDWARE OUTLOOK.
The hardware trade reports d big
hade in sporting goods, such as shot
guns rifles. ammunition. hunting cloth
hg and hunting camp supplies. Dealers
believe this Ia TO be- a great hunting
Nason, calling for the heaviest output
b the history OF the local trade. There
also a cali upon the wholesale trade
or sleds and skates by the retail stores
The cold spell has stimulated trade,
PARTICULARLY, also in the line of stoves
Ind stove furnishings and the first or
Hers for holiday goods are beginning to
b. received. Builders hardware is
nill going out. the cali beins for the
better grades, as construction opera
IONS are likely 10 be in fun blast for
Ryeral weeks to come.
CAR SHORTAGE.
The lumber trade reports the situa-
hon quiet with no perceptible change
pom the previous week There is no
Improvement In the matter of car
horage. and none in sight. However,
Nlneient stocks are arriving to keep
ne local yards supplied so there is no
Ihortage.
WHOLESALE DRY GOODS.
The local Wholesale dry goods trade
Nlofts steady tendency towards
UNLESS IN prices Hopes Of lower fig
.N are not much encouraged by re-
ple nom the cotton crop which is
,ala 70 be short and poor, 80 that a
A Of Is cents In the next so DAYS Is
.eipated. There Is a steady output
saasonabie staples for the retail
sah Johbers report firm cotton
uS harket-nrm as a whole, though
IVY, some notable Irregularities. and
~ prices lower than those paid on
N Fabrics having the best
plhton as 10 quality have been best
smahd. In heavy cottOns the Output
Y. Dom has been the highest for some
%A owing 10 the efficiency of labor
moving the panic. Wide print cloths
~iFe, with the price basis better
ICY ulat ot the narrow plain goods
nu me goods have been quiet for
put week, but with signs of a re-
I5AeNlhg Ia mapped cOttons for quick
LIVERY Eastern ginghams are strong,
lu hading lines wen sold ahead bv
s.uts The trade reports remarkable
,,,,sless made IN dyelng fast colors on
h goods and yarns. so that pur-
s plnhs and pastel shades viii stand
~ -ei'is ana general wear as well a.
~ lhe other colors. In worsteds.
,Se report there has been such "a
adulteratlon that many retailers
'u To carry the distinctly ine auall-
vl coitons and the better lines OF
,sleds IN their dress goods depart-
lh and allow the trade i'm other
;9,aa TO drlft In other directions.
hs poplns, pongees and reps are
he steady sale in nearly an
NJ, rancy imported quilts have
rat. fought freely while domestic
wits are qulet
FALL OPENINGS.
ne ,as retail dry goods trade reports n
49, week than the correspondina
49, "l me previous year. The faii
IA arc practically am Ina. ana the
9Tea'her Is making business DICK
an. me opening sales are now athe
~ 'ne large house has beon
t,ri .ths models which brought I. OO0
d M 10 the establishment In one dav.
IT, manager states. Twenty fo,,r
No. MARS had been provided but
hs 60. not begin 20 accommodate
pn ~ The cooler weather has he
rors ulale trade making buyine
s'N'iAl along winter lines
----s--s-s----
q, GO WITH A RUSH.