Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-01-02
CONDITIONS ARE
BACK TO NORMAL
uusluess Prospects Are Fair tor
the Immediate Future
In Utah.
RATE TENDENCY TO sTlFFEN
..,,s Holding Up Wei, Fully Equal
=. ,s,,cctatlons-wholcsalo and
Retail outlook Is Bright.

rse financial situation for the week
=. commented on as marked I'M
..,sment over that Of the last week
me wear 1907 when the money
.psts had not begun to convalesce
~ the stringent restrictions Of the
lavender panic. Il Is remarked ~
n. hanks that commercial conditions
~ now getting hack 70 the normal
s.ra though not as yet quite up
,ho nlane OF two years ago. There
" W scod demand for mOney--naH
iii the month, with prospects
,t,. sor the immediate future. Rates
,snrsfore have a tendency 60 stnen, 20
.ssrh higher figures, However, lhe
January disbursements VIII ease ihe
.,srket noticeably. The BOND issues OF
ssit Lake and ogden VIII also lighleh
- iocal money market, bringing IN
'.,idsrabie money. Deposits nold up
VII fullv equal to expectations. Size
W. inroadE have been made the past
~, weeks on individual accounts, but
~ cash has been returned 10 the
s,ts from the stores where the
msv was expended for holiday pur-
100 me bond decision BY tho SUI
pvss,s court will help the city finan-
lisav as now this "suit 20 quiet title,
80 heen settled. and bond buyers
rnow lust what the legal terms Of sale
arc In fact, Il is remarked that local
fnmolers have discounted IN advance
What the supreme court would 40
mo actual olearings for tho year
emount 10 practically what was fore-
,seaowed In The Christmas News and
N View Of what the country has passed
through the past year, the deficiency,
compared with the clearings for 1907,
Is regarded as In fact short Of what
might have been expected
WHAT HENRY cLEws SAYS.
Henry ciews, in his last circular
a1he Improvement in business affairs
continues. Comparisons made with a
war ago just now would be mlslead-
ing. but IN numerous INSTANCES tho
volume of business transacted Is as
large as I'm 1906, az this tne Ihere Is
etiii much room for improvement, and
all lines Of Industry have not yet shar-
ed equally IN the recovery; yet the pro-
eress which has taken place since a
wear ago Is marvellous beyond all ex-
Rotations Fortunately our bankers
and great Industrial leaders continue in
a conservative mood and are firmly
opposed 10 the creation Of anything
ike a speculative boom, which our
unresrained and mereurial spirit
would no doubt welcome and perhaps
enjoy Tor a brief spell.
"Our railroads have been annually alb
sorbing about 81 600 ,0e0, 600 OF new cap
ital and this rate will Internationally
be accelerated during the next few
months in order TO finance improve
nients and extensions that cannot long
er be delayed. Apparently the money
market Is quite able 10 meet such
demands. assuming they will he judi
ciousy distributed. and the effect upon
certain lines OF Industry will certain
~ be favorable. A better demand for
iron, building materials and labor is
already IN prospect, all Of which Is evil
denee Of the various ways IN which
reeuperative influences are actively at
work.
REAL ESTATE MARKET.
The local real estate market for the
past week, is considered by dealers
IS satisfactory There have been sew
eral szeabe transfers, noticeably on
vest Third South street, where a re-
hewed interest has been awakened ow-
ing 70 the progress made on the Gould
depot The Utah Light a Railway
company has laid heavy paving rails
down Third South. and with the paw
Ing Of the street, there Is likely "a be
a further rise In local values, Deal
ers report a steady inquiry from out
hde as 20 Salt Lake realty investments,
30 that they regard the immediate fu-
iure as gratifying.
LUMBER OUTLOOK.
The lumber trade reports that manu-
laeiurers are not accepting orders for
tature shipments IN fact, win not
fsen make prices for shipments with
N the next 80 days This Is because
taey do not know what the settled
Prices will be; no one can predict
what may be- expected. They hone