Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-01-23
WEEKS BUSINESS
HOLDING ITS OWN
D., ocal Financial Circles Mat
ters Generally Are
Rather Quiet.
GRADING CLOSER ON LUMBER
o.,,r,i idea is That from Now ON
Better Prices VIII Prevail
Jobbers Report Activity.

N local financial circles matters are
..,,er ouict. but with money In better
.~,,lv. though not sufficient TO weak
rstes of interest As to the larger
.,octs OF the market, "a local hnancier
'l TODAY: Recovery from the ef-
,..,s Of the panic is fully as rapid as
~. principles OF conservatism de-
nj Tho recent report OF the comp
,.,usr of the currency shows the
s..ssrt banking power of the United
60 TO be over S1T0O0, 100000. an
s.,o,nt exceeding the entire banking
eer of the world in 1890; ana
So..ire an increase Of over 242 per
csnt Boz eight years, 10 return 70 vac
S,',isb progress OF the last few years
mid be decidedly dangerous. We
.on not always 20 on making such
,.riaas without danger to our lusutu-
.',re financially and politically. To is
..f the swift we need 80 much as the
it.sdy and safe pace Nevertheless,
.s. e5vaptaee. referred To above is
i,rgaIr due TO the wonderful advance
i- quantity and quality iu value ot
f,rn products. The secretary of agrl-
.nlura SAYS that the value of our farm
oroducts in the United states, during
fe0S was little less than $4,000
b60 GOO. This is one of toe most grat-
Twins showiugs ever manifested.
SILVER OUTLOOK
Local conditions are very gratifying
begluso the past year is shown TO be
me most promising the farmer has
r,r known in Utah, where ne hope
Is that he may always enjoy q good
refuru for his lahOrs The only cloud
I'M The horizon is the rather gloomy
prospects for silver, Nearly all the
nations OF the earth have demunetizcd
fbe metal. and for some years its prin
rn8l use has been Zoo the arts.
India which has from time immemor-
isl absorbed large quantities Of silver
is now actually engaged Iu shipping 10
hack 20 Europe The natives are hard
pressed. SD they arc selling their silver
ornaments which are being melted mp
into bullion and shipped out Of the
country
To Dis last circular letter Henry
CcWs says;
"The outlook for stocks is not vory
asueuug; not merely because of tho
decided change Don sentiment but also
because prices are still too high 10 att
uac. the investor. who is even less Iu-
clned 90 buy stocks now than before
the decline began. OF course as prices
IAN there will De more or less buying
90 cover the short interest watch is
Increasing and is now the chief sup
p0U. This VIII keep the market iu a
state of healthy iluN. stimulating occa-
aonal rallies and preventing too rapid
flIl But no general rise can be am
uc.pated until a further decline has
taken place. or until there is more inn
pr0ycment an outside conditions. Gem
eml business continues quiet. and is
likely 90 so remain until the tariff
question Is settled and the sap begins
20 rise iu spring. There is. moreover
an undercurrent OF uueasiness in tho
street over present movements iu
The railroad world The huge opera
tons projected by some of our great
railroad magnates, attractive as they
may seem from their point of view,
do not inspire confidence I'm conserva-
tive financial circles, where such trans
actions excite both distrust and ieal-
olN Nor are they likely to be well
coined Zoo political circles. where tney
are sure Go De regarded as inimical 10
public welfare. II would be well for
these gentlemen 10 pause I'm their pro-
ceedIngs If they wish 90 avoid "a fresh
outbreak OF hostile public opinion.
which until very recently they were
only too anxious TO placate. IL they
90 not matt and consider consequences.
mey VIII surely invite more rigid
government regulation than is now
exercised. Then we shall have "a
ilesh cutlery about conhscatory legis-
ahon, ETC.. and who win DE RESPONSE
O, Tor such an uprising
REALTY QU1ESCENT.
There BE- not much doing ln real es-
4le FAC present Tie realty men say
me weather is not favorable 20 dcal-