Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-04
Bankers All Equal to the De-
nands Made on Them
BY Borrowers.
HOLIDAY TRADE BEGINNING
scasonnbIc Activity Starts in the Stores
Particularly i'm the Larger
Dry Goods Ccnters.

Tn the local money market there has
not been any special ripple beyond
the declaration of a very comfortable
10 per cent dividend by the Zion's
Savings Bank & Trust company of
$4,000. Another feature has been the
Incorporation of the Citizens State
hank of Bingham, now fairly establish
ed and ready for business. The local
money situation is generally satisfac-
tory. Since the bulk OF the lakes
have been paid. there seems to be
quite u relief in tho amount OF loan
able funds which now are equal to the
demand. Reports from the various
AGRICULTURAL sections are very en-
couraging, though wet weather has
retarded harvesting the last OF the
beet crop In some localities. However
IL is believed that practically all OF
the beets have been successfully
harvested.
Henry Clews in his last circular let
ter says: President Taft Is expected
10 live up to his promises of carrying
out the Roosevelt anti-corporation
policies. 1t is not to be supposed that
Mr.. Taft personally would propose
any radical measures, yet he fully un-
derstands the strong public opinion
throughout the country which is hos
tile to such combinations. and rccog-
nizes that If he does not satisfy the
public desire for action. Mr.. Roosevelt
may be summoned to that task three
years hence. AS to the attitude Of
Congress, nothing can yet be ascer-
taincd owing to the conflict of various
issues The legislature. however, Is
likely to be more unfriendly than
otherwise TO corporate interests. and
there is no doubt that amendment of
the Sherman law will be attended with
difficulty this season. Another depres-
sing influence has been the firmnesS
OF money. No particular Stringency
is anticipated, but good interest rates
must be expected for some weeks to
come, which is not helpful to bullish
operations when the market is al
ready upon a high level. The busi-
ness situation, however, is not without
its encouraging features. Railroad
traffic is increasing, and practically
all of the roads report satisfactory
gross earnings. Mills and factories in
nearly all parts OF the country are
running full time. Tho steel and build
ing trades still maintain their phenom-
email activity. In few quarters there
is slight slaclSening of the pace as
the rush of the fall trade is over but
this is not general. in the wholesale
and retail trades there is a decided
feeling of conservatism among mer-
chants who often hesitate to enter into
future contracts because of present
high costs of production and high
prices of raw materials. There is also
an uneasy feeling regarding the situa-
tlon in cotton and copper resulting
from excessive manipulation, and
while the general situation is hopeful,
1t is not without its serious perplexi-
ties. chief Of which is the generally
high scale of prices.
HARDWARE.
The hardware trade is feeling good
over the assurance that last months
business was 2o per cent greater than
last years record for the same month
Business continues steady and on a
healthy basis. although transactions are
Stacking up q little at present, as the
commercial year is drawing to a close.
and dealers arc preparing for an inven-
tory. Collections continue to be very
good. as tho producing classes have
been receiving their money steadily for
tho last few weeks, and have been set
Ting their bills with pleasing reguiarl-
ty.
LU0IBDR.
The humber trade reports no change
IN prices to speak OF on any commodi-
ty. There has been a great delay in
getting shipments of lumber from tho
northwest on account OF tho floods and
freight congestions, extending all the
way from Ogden to Portland. How
ever. all the local yards are still doing
land office business though the ad-
vent OF winter must necessarily curtaii
the output somewhat. There is no more
trouble about any cement scarcity, as
there are plenty of cars and plenty OF
raw material. so that the production of