Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-05-15
BRISK DEMANDS i Il d
At HIGH RATES \. ]
!. Advent Of Bright Weather Has
Been Marked With Good
Business.
49,
. ALL LINES MOVING o. ING WELL E !. !.
ALL LINES MOVING " v WELL j.
volume OF Trading Exceeds That of
Last Year and Collections Are
Easier Than the Average.

In the business world this week, the
Z advent of clear weather has frightened
things up considerably. In the bank
ing field, local bankers report very good
times with deposits more than hold
ing their own and q strong demand for
money for use in countless enterprises.
This makes rates stiff and the best of
collateral is communicable. There seems
10 be q general expansion of business
everywhere. An eastern banking mag
asine of recent date comments editori-
ally on the worlds gold supply.
1t is estimated that there is not &c.
Q00,000,O0O of actual gold in the pockets
Of mankind, although there are over
$50, oo0,0 900. 900 Of national debts In the
world. We know that In this country
our reserve of gold is supposed to be
one-fourth our bank deposits while,
as a matter of fact, it averages less. IL
all the debts payable in gold should
be demanded at once, every nation
would go into bankruptcy.
Gold has become a. worldwide innu-
cnce and the securing OF wealth has
grown to be something more than the
absorption or money. 1t stands more
as d factor in the development OF ma
Of individual Injuries. That it may
have had its effect upon prices is "a
nlissable, but its consumption has kept
pace, proportionately with its output
and the demand has never beenientirely;
satisfied. The losses incurred through.
wars and other disasters, the use of the
precious metal in the fine arts reduces
every year by many millions, the sup
ply available for monetary purposes
HARDWARE.
The hardware trade reports a con-
tinuance or the April improvenen
which is expected to remain that way
through the current month, while col.
lections are improving. This is a decid-
ed change for the better. "A larger. pep
centage of customers are beginning to
discount their bills, than formerly.
when they as O. general thing took the
full time of so days. 1t is now payment
in 10 days with 2 per cent off. Prices Of
raw materials are holding up steadily,
and in some lines slre advancing.
There is a steady output Of sprinr
goods. including largo lots or fishing
tackle. ammunition, guns, sporting
goods, stove piping, coal hods etc.
LUMBER.
The lumber trade reports the saw
mills in the northwest MS successful
IN cllrtMltns their output, and the ef-
rect IS perceptible in the wholesale mar
ket. III a short time, the effect will be
s noted also IN tho retail market. Condi-5
tons in this city are satisfactory. ex-
sept that there is considerable com
Paint about the heavy expense occa s.
stoned by the hauls by team to the new
{ adnitlons being made tn the city. These
cut down profits, leaving small mar
gins. One concern reports having
mad to add six sets OF horses
70 the tesning outfit it already
posSessed to handle the same volume
ol business as was done two wears
ago Building is in progress now SO
iar out that where a team used to-
E ERlE four trips it can make now
DRY GOODS.
The local wholesale dry goods mar
het continues as last week doing we'll
n all lines, receiving freights from
New ork In good time and finding
collections fair. In the general mar
ket Iobbers report that the dressgoods
market IiEa, will hardly develop much ac-
...Vtty as the fall buying is progress
ing on conservative lines. some .h1,y-
err ers not taking over 60 per cent Or
.ne'r usual supply of staples They
are IRE also running short on novelty ana
t ,,i. 1aDrics. The mills are running
! u on broadcloths, satin cloths, nm
'i'i'sned Worsteds. and some Of the