Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-12
.llIH BANKERS
ARE 10 Unite !.
.,v;II Form, state Association tor
promotion Of the Best e In
terests Of Membership.
GENERALLY FAIR.

H s,a,,e Lines Trading IS Brisk and
. others Not Up to the Averagc---
1,nts from Fashion centers.
,,,a, is to have {, a State bankers
s,,a,ion, a proposition that has
80 talked of for some time, and
ps s,ab nc Salt Lake clearing house
accided favorably. Notices We're
~ snn,,v sent out to all the banks Of
G s,ate. and as the replies received
\ a.sre encouraging. 4it was decided 70
d Iii a meeting for organization at ~
wednesday, Junes16, In the city
4 .,nc;j chamber, city and county
snIdine. With 100 banks represent
a q is believed quite q showing Will
4 ,nade Constitution and bylaws
Iii he adopted and speeches will be
,,stened to from Governor spry,, Mayor
{ pransforf, Former Gov. Heber N.
wals. and Il. Il. Jensen Of Mt, 2 leas-s
~, The object of the association IS
il promote the general welfare Of the
,.nks and banking institutions of the
q .,,te secure uniformity of action,
A WITH the practical benefits TO be gained
L ,,om personal acquaintance, and TO
4 dsc,,ss matters of Importance to the
/ banking and commercial institutions
nj the state.
During the convention the clearing
| house will consider the out of town
representatives as its guests. Auto
mobile rides are to be provided both
morning and evening, with a trip to
satair. Lunch will be served at the
Commercial club at noon. Ladies ac-
conpanying delegates are invited to
participate in the social features
There Is already a national associa-
ion Of bankers. and nearly every
state has its Individual organization.
LOCAL CONDITIONS.
Local banks report a steady demand
for money. The savings and state
banks which may loan money on
realty have more demands for their
funds than they can readily accom-
nodate. The commercial banks arc
well able to meet all business require
ments undertaken In this city
and vicinity are calling for the invest
ment Of large amounts of money.
The Increase in bank deposits in
this city during the last two Years is
instanced in the increase of deposits
In the Utah Savings Bank & Trust
company, from s1,293,436.40 on June
i, 1907, to $1.544,34s.41 on June l,
1909. In the general field, banks call
attention to the fact that plenty of
money and restored CONFIDENCE on all
sides are potent factors in the up 4
building of any country. ~ When in
addition thetcountry is teeming with
INDUSTRIOUS people: equipped with4the
/ greatest railroad facilities In the
world, operating iii every direction
across, through, and around 1t; and
Its mines and farms are ready to yield
10 the pick and the plOw endless mil-
lions more--then prosperity must be
the outcome.5 ii This is the situation In
the United States today.
THE CLEWS LETTER.
Henry Clews5 in his last circular
letter says: THE crop thus farsis as
satisfactory as could be expected. The
season is late and a comparatively
small crop Of wheat must be expected
owing to reduced acreage, which sug-
eests continued high prices for that
staple and relatively small exports
ever, is likely to be more than COM
pensated for by big corn crop,
Should the latter escape early frosts.
il is not unreasonable to expect q
bumper yield of about 3,0000OO,000
bushels. Plenty of cotton As also in
prospect at good prices In view of
the high prices for all farm products
tural classes Will enjoy another very
profitable harvest, which nothing short
Of unusual disaster can prevent.
HARDWARE.
The hardware trade reports business
as continuing steadily with collections
improving, and Il steady demand for
staples with orders still being received
for fall goods. The trade reports large
business in ammunition. One large
house has handled this season two
car loads of ammunition. the consign-
, hiehts being $4,000 pounds to the car
The demand for builders hardware
Is very strong and steady, particularly
N this city, where many sizeable
buildings are thus being furnished.
me trade believes this will be a fine
business year. with conditions that
VIII be on a par with those OF 1905
.
LUMBER.
me lumber trade reports the whole
sale market as absolutely unchanged
from last week. In the retail trade,
however, everything is on the move,
me = city yards being called on con-
slantiy for stock Oh account of tie
many new buildings being erected in
various parts of the city. In fact there
Is Is more lumber being delivered from
me Yards now than for tho last two
or three years past.
Wholesale DRY GOODS.
II the wholesale dry goods trade,
tuners report general conditions rather
qulet with, however, steady move
'i',.t out Of summer season stocks,
,ilouceably organizes and lawns job
neis also report the market firm, With
tnos' OF the mills making colored and
arc, a'.1, cottons. Print cloths are active,
WIN wide goods selling freely. and
more interest reported in narrow
waves shirt manufacturers have
yen good buyers of the finer qualities
@ hleached goods this season. In
PRINTS, new crepe effects have bsen
out, the colorings and designs
nsills striking. Jobbers say that The
,aila building of ginghani mills III New
England is likely to drive mauy of
w smaller mills out of this business.
part psairtienIarly in staple and medium
Ni1cee dress ginshams Plisses lines are |
, DEAFNESS CANNOT BE CURED.
q. !. local applications us they cannot
MN the diseased portion OF the ear
a,a :, IS only one way to cure deafness. |
9na that is by constitutional remedies.
Ia, ness , Is caused by an infiamed condl-
s s,scbi Dn me ne, mucous lining of the Iiu