The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-16
SENATOR CLARK
SEES EVIDENCES
OF PROSPERITY
Country in Shape for SubStan-
tial Gains Once Tariff Is
Definitely Settled.
F0URTEEN-CENT COPPER
IN THE NEAR FUTURE
PARTY LEAVES TODAY FOR IN.
sPEcTION TRIP OVER THE
SALT LAKE ROUTE.

Former Senator w A. Clark of Non
Jana arrived i'm the city yesterday from
BuJte no his private car. ACCOMPANIED
by Cnarles w Clark. Mr.. and Mrs. W.
A Clark jr.. and II. II. ST. Clair. his
assistant secretary. He was met here
Dy ms brother j. Ross Clark, and r. +.
Weils, general manager Of the san Pc
dro road. Charles W. Clark left i'm the
afternoon for San Francisco and VIII
TeJoin the senator at Jerome. Ariz. SEN
dtor Clark, accompanied by Vice Presi-
uent W. II. Bancroft of the Oregon
snort Line and the others of his party
VIII leave this morning on a special
train for a daylight inspection trim of
the salt Lake Route After inspecting
MS properties i'm California. Arizona.
and New Mexico. the senator will re-
turn to New York. to be there BY July
], the end Of the fiscal year for most of
his enterprises.
The senator has spent most Of the
winter abroad with his family and is in
excellent health, despite am attack Of
the Whooping cough. which has annoyed
him considerably He says he is glad
ne caught it young, because the doctors
tell him 1T IS hard on old folks. and his
eyes twinkle as he says it.
Discussing general business cOndf-
tons, the senator said the country is I'm
fl'A1tAAttA HHtcl ile 10 star OF "a
era Just as soon as the tariff is finally
settled. 1T is pretty generally known"
ne continued, that the tariff will not
contain any violent changes calculated
TO disturb manufacturing conditions.
yet business men are conservative and
are not going ahead full speed until
they know exactly what the schedules
viii be- The tariff affects such a wide
range of industries and reaches into
4nr q % l1HaH asaG .HHH % Naa-ge-
pletely that It must be settled before
business generally can be resumed on
d Normal scale.
Money Supply Ample.
The money supply of the country is
ample and all the banks have more
than they can use proftably. as the in
terest rates SHOW The crop movement
VIII begin soon and demand a money
movement, but that will not affect the
situation except to stimulate trade.
'One OF the sUTest indications OF sub
stantial prosperity is the improvement
in the iron and steel trade. When a
ton of iron or steel is used It means a
demand for other structural material
1t means. among other things. that cop
per viii be used. For instance, if the
steel goes into a locomotive. it means
the consumption of copper for various
fittings If the iron is fOr a building.
it means copper viii be needed for wiz
ing and other uses. The two metals 20
together. and an Improvement in the
steel trade conditions means an i'm
proved demand for copper.
AS for copper itself, the situation is
satisfactory even if prices are not re-
maTkably good. The statement of the
Producers association on the 10th
showed a heavy reduction In surplus,
in spite Of very large production"
Here the senator depressed for a mo-
ment to say that the charge which he
had seen published that the Producers
association was a combination to re-
strict production or otherwise affect
prices was utterly untrue. ct am n
member Of the association" he said
and its only purpose is to furnish ac-
cuTate information of output and stocks
on hand so the trade may know exactly
what the conditions are"
The Copper Market.
Returning again to the copper mar
ket, the senator said he expected to see
the metal bring IA cents in a short time
1t sells now" he added, lat about 1879
cents. but the increased demand and
the decrease in the surplus warrant an
advance soon. There is no likelihood
Of any big prices, such as we had be-
fore the panic, and that is not 20 be de-
sired. High prices CuTtail consumption
and increase production unTeasOnably,
resulting in decentralization and loss 10
everybody"
Another reason for expecting good
times. the senator said, is the crop out
look lie had noticed the conditions
very carefully as he traveTsed the corn
belt on his way west, and indications
point TO a bumper crop Of corn at good
prices furnishing traffic for the rail-
roads and stimulating business in every
line
Senator Clark. like most friends Of
salt Lake. commented on the remarka-
bic activity in building and the general
improvement in the city. Although he
was here only few months ago, he
noticed with pleasure the appearance OF
rapid growth shown wherever he went.
It confirmed him. he said. fin his c0nvic-
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