Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-19
BUSINESS Brisk
NTH MERCHANTS.
,.s,eraI Run5in The Markets is to
A Good and II / S e Z =
Business.
p.NKERs NOW 'W' ORGANIZED 4 Y |, q
,,.t,ye Is to Bring About Uniformity
In business Methods Through
out the State.

MO event Of the week IN monetary
,,-eIes was the organization of the
Il Utah Bankers association with head
a,,arters in this city, and the cfty.s
4 o,dest banking official in point Of ex-,
4 nSrience, as It's president, President IT,.
: Hills OF the Deseret National bank.
h The objects of organization are to pro-.
mite the best interests Of banking in
III state, and to protect the banks
4 .aS banking houses against fraud and
a ,ahhery. Another object, not stated
y oyscially. but given unofficially by Mr..
piter. Is to enable the people of this
Il ,tate to do business according to es-'
e ,ahIished and proper business methods.
AZ Inc so banks and banking houses
y IL whom invitations had been sent, over
Il a responded by sending representatives
"A the convention. so that Utah has.
4 noW a state banking organization like
y Inc majority of he other states in tile.
\ Union. The increase in the bank clear
Ings has run about 100000 daily, and
II liz general tone of the local money
/ market has been gratifying. Money
continues in good demand for building
2nurposcs, MS usual. and the sheep men
asre making generous deposits Of
moneys received for their woods H
HENRY CLEWs,. LETTER. Z
Henry Clews says In his last circular
Shtter: NJ
q While the crop outlook Is not all that
! Knight be desired, It shows improvement
3a1d presents nothing to occasion alarm.
fItis quite possible, il not probable, that
ne shall have ms large a cotton crop
tlhis year as last year, in spite of the
,rtation for decreased acreage. As
\ here is good profit In raising cotton at
nresent prices, and cotton is the most
important crop in the adjustment OF
our foreign trade balance, the outlook
i III this respect Is entirely satisfactory.
Whatever shortage there may be in
wheat will be more than compensated
for BY the large increase In corn acre
aFe II average conditions prevail we
should produce q record breaking corn;
crop AS this crop exceeds In value
any other two crops combined, and
farmers are securing very profitable
prices for this cereal, it Is reasonable
/ 10 hope for anot Their pro fitable harvest.
Wheat, is of course a very profitable
crop at present figures; though it Is not
without significance that the present
1 high price of flour has so checked con-
sElllpllVI sto-tlOl Sebd2S' tsoupRllSS
emulate ard force price cutting
among the mills. The fruit crops are
not in as good condition as last year.
and all crops combined are officially
stated to be 4 points below last year,
but points above the year before.
With our Industrial and agricultural
situations both in such promising con-
q iition 1t is not surprising that conf
4 dence Is growing, and already running
INTO strong degree OF optimism. The
y dangers that once more confront us
are those OF soverconfidence, excessive
speculation and the fostering of un-
sound and illegitimate enterprises, all
I NJ which are stimulated to an unWhole-
some degree by an excessive supply of
abnormally cheap money. The great
expansion in loans shows upon what
an extensive scale speculation lis now
being conducted by big operators.
HARDWARE.
The hardware trade reports q con-
linuation of prosperous times. Sales
are good. as they were last week, and
are aggregating well in all lines. Tho
| mail order business is larger than ever,
as 1t seems that retail dealers, although
buying freely of statesmen, arc often in
such hurry that they do not want TO
wait, until the statesmen show up, SO
/ send in orders by mail. Goods gen
fra)ly are selling at a good profit; coll
ectlons are very fair, and the outlook
mall directions appears to be all that
could be desired
LUMBER.
The lumber trade reports loca people
as doing very we'll, as Everybody"
wants to have work done, and done
right away. There is an immense
amount of building done on the north
bench along Tenth avenue, Fourteenth.
East and III the vicinity of Fifteenth
South streets. All this calls for large
Quantities of lumber; and dealers say
that on account Of low property values
there Is considerable business in sight
for the next six months. There is no
Particular change in prices. either
wholesale orretail. although the general
feeling is that the manufacturers are
going to get better prices. as the result
o the curtailment of the output. There
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