Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-09-18
s.Oeral Trend Of the Markets is
Satisfactory-Bank Re-
port Optimistic.
HAuINe is GOOD OUTSIDE
,.,.i Merchants Experience More
Buslncss Than Their stocks
can Accommodate.

focal money CONDITIONS icihalu WIN
.... little change from the week pre-
.s,,. The clearlngs continue IN graft
a.re excess over the figures Of the cor
.,.oondine week in the previous year.
u.,oev is beginning 10 come in from
,be s,les OF sheep, and general business
!, rcking up. The report OF the four
.,,onal banks issued recently at the
IN III the comptroller OF the treasury.
~ Sent 1 shows an excellent increase
T. n,ost features over the report OF
months ago. The resources % the
- have increased sSS.53i. q. and the
a,rosits have increased S95,tl6.64 Five
ss,t officials are in Chicago attending
.se annual convention OF the American
s.so,lation and the transactions Of that
IA, as outlined in the dispatches are
eatsd here with interest
CLEWs' LETTER.
Henry Clcws. in his last circular let
Ter says.
Two factors that fan quite naturally
IN line with a broad spirit OF consorva-
,ism are the harvests and the money
situation The cotton yield is proving
distinctly Disappointing. and II is nee
N,ary IN the instances Of the grain
rops to distinctly modify predictions
made earlier i'm the season that record
rarkjnr Yields were TO be gathered
from the grain fields of the west
Instead Of three billion-bushel corn
erop the governments figures promul-
gated on Wednesday now suggest a
Weld of ,649. 0O0, 900 bushels, or slightly
below the harvest of 1898. and below
The official crop returns of three other
years IN the last decade. The govern
ments wheat figures suggest yield OF
fi3000o bushels. or 5O,000,O00 bushels
above the 1908 harvest hut well below
the Yields of 1906 and 1901. The wealth
produced bv the agricultural sections
viii therefore be well above the aver
axe. but they win not furnish incentive
for ill-considered and Spectacular pros
perity talk
THE conservative spirit that H. show
ne itself I'm trade and industrial cir
rles Indicates. Of course, that home
trade demands for FUNDS will In large
measure await the release OF the crop
money and that there is not likely 20 be
sufficient pressure for funds TO cause
sirngency Nevertheless Il is quite
autumn and winter will command more
Profitable rental rates than can be
secured from the incomes of standard
investment securities at the present
price level and there will be a disposi-
uon 10 abstain from additional pur-
chases even II a material amount Of
lqudation from this source should not
Usue Tie LIQUIDATION OF European
hams will also constitute factor Our
wheat crop does not promise an export
surplus sufficient 20 supply grain bills
IN anything like adequate proportions.
our cotton crop as already noted is a
Disappointment and will therefore be
q restricted factor In the foreign ex-
change situation: and the uncertainties
Of our tariff relations with France and
Germany are calculated TO restrict our
export trade with those countries
Therefore the probabilities are that our
foreign Indebtedness must in large
measure be- eventually paid by gold ex-
cept SO far as foreign interests may
b. induced IN take The new securities
that our railroads will be compelled -
issue during the next few months.
These have been tentatively underwrit-
ten"
HARDWARE.
The hardware trade reports condi-
tons practically the same as last week.
except that the collections are not
quite so good, the time being just prior
% he marketing OF harvested products.
Correspondents write that they are
ihteShlng, and as soon as the grain is
sold and the money received bills will
De paid without further ado. Stoves
ana stove furniture with builders
hardware and sheet metal are being
particularly called for. while general
hnes are going out IN gratifying guam
ulles The mail ordering is excep-
uonaly good. showing that retailers
can not walt until the regular times
lor travelling salesmen 20 visit them
poo send iu orders ahead. besides Civ
hg drummcrs orders when they call
ln mining machinery. there Is quite a
@l f0r small lots and supplies, but
'eg little In heavy lines.
LUMBER.
The lumber trade reports very little
W nothing new, except the demand
loi building material continues as
tlelaiiy as ever cars are sull hard
go 300 shipments from the north
het continue SLOW and unsatisfactory
Prices continue stin, with constant tea
o'hc3 toward higher figures
DRYGOODs.
Ine Wholesale drygoods trade reports
an hhesentm week. with staple goods
Sung out as usual a strong revival
N9ogn fabrics for spring is pre-.
e.ll'h The sort faced goods that have
u1.n neglected for the past half dozen
.'aiA seem 10 DE destined TO be re-
'ul.el 10 favor for couple OF years
llhnN Qua account OF their being IN,
Uly Iih.lcs available for recorders al
1u1lh'ns ike the opening psices OF tho
s,aa'i Johbers say that the mills are
s.,,ly advancing their prices on
tl9as ihat have shown up well as
N..a in the Wowteds This ls du,
lAe TACT that there has been a
sIalsg 200 Paris, where tho hard nn-
,,... lapiics are NOT in the strong dc
iNo 'i last reason Roughfaeed
.euIl.r mat can be used for street
,o.ilm's by misses and women are be.
ss 'eeen in fair volume on roorders
tNNIN NNN IHrnI ind. Fal...........r..