Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-03-06
OPTIMISM Prevails Among Bust
nessmen in Contrast to
Eastern Conditions.
REAL ESTATE NOT INACTIVE.
MARKET Has Experienced some Not
able Activity During the Wccl,
The Dry Goods Market.

The local financial situation remains
unchanged, which is 70 say IL Is I'm n
satisfactory condition. But so much
can not be said OF the situation else
where. especially IN the east. where
it must be confessed that conditions
are far from satisfactory. A period OF
dullness obtains there. a reaction am
pears TO have set in. There Is a large
number Of men out OF employment and
the action OF the u. S. steel companv
IN reducing prices OF steel products
has failed TO stimulate any copsi5-
cradle buying, especially among the
railroads. which are the company's
largest customers.
VIEW OF HENRY CLEws.
Henry Clews in his latest circular
says, relative TO what happened fol-
lowing the cut in steel products:
ON the stock market the steel cent
was at first demoralizlng. Prices fell
sharply making "A decline OF 10 to is
points on the present movement. This
Is am important shrinlage. consider
ing that recuperative tendencies oro
steadily at work In various lines of
business. For weeks it has been insist
cd in these advices that prices were too
high and that a substantial decline was
Imminent Now that this has come. The
market is on a much safer trading
basis and greater activity will prob
ably result. Already there has been a
partial recovery. ana prices may be
carried still higher on account OF the
encouraging inaugural address from
President-elect Taft who reiterated his
well known views on the tairn. on cor
poration reform and on the defects OF
our currency system. The outlook.
however, does not warrant any very
pronounced recovery. and profits should
be taken on all good advances At the
lowest prices Of the week there was
good buying Of stocks, and the demand
for high grade securities continues sat-
lsfactory. Money is very easy in spite
OF Withdrawals Of treasury deposits and
gold exports to Argentina For some
time 20 come the course Of the market
viii be chiefly guided by tarif legisla-
look for the tariff is not encouraging II
is taken for granted that no injurious
reductions can be put through Con-
gress but a long and bitter fight is ex-
poCted in making the schedules. II the
new bin comes 10 the president for
signature before midsummer 70 win be
a surprise to those best acquainted with
the situation In Washington. OF course
business will be affected by the post
p0nement Of orders until the outcome
is known; but boots and shoes will wear
out and hungry stomachs must be sat
isied much as usual. so that any seri-
Gus curtailment Of production will have
20 be made up later on. II Is evident
that the consumptive abilities of the
country have not been materially les
saned this Is proved by the healthy
state OF the dry goods market, which
has been relatively free from the inter-
ference and regulation OF great cor
porations. So long az these conditions
prevail, no great decline I'm stocks can |
be- expected even II more or less irreg- |
ularity remains 10 be faced.
REAL ESTATE.
The real estate market has been
not inactive. The features Of the |
week have included the announced |
intention OF David Robbins q CO.. TO |
erect a $4,000 steel and cement grain |
elevator, upon the site recently pur- |
chased on west South Temple street /
between the Short Line and Rio |
Grande tracks Porter. Walton d Co. |
are proposing TO erect a $25,0o0 ware |