Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-11-06
RU|LDlNG DRAWS
ON LOCAL BANKS
Situation, Aside From Loans For
Improvement, is Without
Special Features.
WEALTHY TONE IN MARKETS.
,..,,ous are Reported as Being
exceptionally GOod--rhe war"
weather a Blanket on Market

The local banking situation con-
80 without special features be-
IA the continued demand for money
.,,oh Of which IS going into the com
80, Of unfinished buildings. To-
enauciers are remarling that peo-
y. .s a general thing do not realize
ostent TO which building has been
.rrisd during the past year in this
INV It is far beyoad all previous rec
- A feature of interest Is the con-
,rped remarkable increase OF the
- ciearings over and above those
IN reviouv year. For the current
- including Friday. tho total bank
Issrlnss amounted to seq. 29s.9i2 II. as
.,9nared with sos. 093. 1873 for the
80 period of tlmc during 1905: and
'-rease of S7l,2o6, i54.4S
HENRY CLEws' LETTER.
Henry clews in his last circular let
ar SAYS
.,rssting. while there is no prospect
y, disturbance. the tendencies are not
ontirelv satisfactory. The growing de-
,,ond FOR money is worldwide slNcuia-
zion based on anticipation Of recovery
nom the setback Of 1907 having been
,so srsi cause for iirmor rates. IN due
Gme business revival asserted itelf
.rervWhere and made larger demands
mon the worlds monetary resources.
somewhat to tho disadvantage OF exc
,sssive speculative commitments. This
revival in the demand for money is at
h,,ton an evidence of good health.
nF A 1lsth
forees in some quarters is moi always
acrecable Speculative cNcesses have
heen most noticeable. as usual, I'm the
T-,f States. where the rebound
4 late panic was most pro-
n. Germany, also, has been en-
h. marked return of business
crtscty. accompanied by moro or less
speculatiye overriding. " consequently
happens that the chief financial CEN
ters OF the world are now protecting
themselves against abnormal condi-
lions. ID other words. they are wisely
putting on the brakes against
speculative enthusiasm, and diverting
their resources 10 the requirements OF
legitimate trade.
HARDWARE.
The hardware trade reports no spe-
cial events the current week. beyond
the steady demand for builders hard
ware TO be used in buildings now being
completed The October business has
rroyen considerably in excess OF the
business for the same month o. last
year, while the Improvement In collec-
tons OF late Is very marked, iu fact
beyond all anticlpations. Notvith-
standing the fine weather, the stove and
heater trade has kept 10, retailers owl
Gs..ff Inc 40
rnial weather is destined to last long
Dalers say that a cold snap now will
sd this phase Of the trade going
hler than ever. The mining machine
cy trade is not what Il is hoped IL
1olld be- though the supply business
q very fair However, Il Is believed
nat by another spring mining, opera
'on will be ordering heavy machinery
again.
LUMBER.
The lumber trade reports a good,
steady business. though without spec
laeular features. The car shortage is
diminishing, SO that IL is easier now 10
get stocks through than formerly from
lle northwestern mills The local Yards
are having an they can well attend 20
~ furnishing lumber for houses being
lnshed up In a hurry. II the winter
NfAA NNNNf hnliulllk VIII EUn=
uaue undiminishod throughout the son
sln' Prices remain unchanged. but
llefe Is still scarcity OF cement. due
more 70 the inability Of the factories
nl orders than any thing else. The
ueuiahd Tor cement ~ unprecedented
owing 70 the increase in reinforced
concrete construction.
Wholesale DRY GOODS.
ING Wholesale dry goods trade is pur-
sung the even tenor and ouiet of ia
way shipping out recorders and regu-
R trade staples for spring delivery.
npNeFer there Is some uneasiness in
". lac OF sim advancing prices In
DY'ohs due 10 unsatig 'actory raw ma
nna conditions Ia the outh. Il Is IN
.estlhg 10 note that Ia spite of this
.oine large Wholesale houses have de-
tusu not to follow the sharp advance
prices but TO pay the advances IN
D'Oeinoesi or later, in case the advance