Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-02-19
CHEERFUL TONE
AMONG BANKERS
At Home and Foreign FinancieTs
Take Optimistic View OF
Situation.
BUSINESS SLOW GENERALLY
Commercial World Waiting on the
Weather Man to Dispose OF Wares
Comment on the Markets.

Representative bankers report the
local financial situation as entirely sai-
isfactory. with money continuing IN
strong demand. and in better supply:
in fact there Is a distinct evening up
of the situation. so that borrowers
with good security find little difficulty
in getting good accommodation. The
severe winter has acted as a damper
on general business. but indications are
that the specially severe wclther has
operated within u comparatively re-
strIcted area, 50 that the country 1t
large has not thus been affected.
MORE CHEERFUL VIEW
Henry Clews in his last circular lot
ter says:
1t Is a source OF qualification to once
1noTc be able TO take a more cheerful
view OF the broad financial outlook
Fluctuations In prices in secur- tics
from day to day may. it is true. still
continue erratic; accidents may SILL
happen; but there are distinct Indica-
tlons that the storm IS clearing. In
deed. the weight of uncertainty and
dread has already measurably tighten
cd and the more general disposition In
usually conservative circles now IL 10
appraise the controlling factors OF the
security market in a calm. n sane.
manner.
This does not mean that the funda-
mental situation itself has suddenly
changed. The real change is tempnia-
mental. affecting chiefly the populnr
Interpretation OF the situation. Threat
ened legislation, having been the pre-
text for numerous concerted drives
against a highly nervous market, Is
now being appraised at its real value;
and IL is found that apprehenslons have
had slight tangible basis. The renl In
flucnce behind the recent rapid and
serious break in the stock market was
the fact that important interests mad
forced the price level up to a point not
justified by dividend returns. either
present or In prospect-a fact that
was we'll known to these interests.
Amidst artificial enthusiasm they were
successful in distributing a large part
of their securities among weaker hold
ers. who have since been compelled to
take pretty severe losses. which they
should charge off to experience account
and profit thereby; their enforced lIqu!-
dation created a situation that Mt times
fell little short of decentralization.
HARDWARE.
The hardware trade reports falr BUS
mess for this weather. There is an
increasing demand for automobile
sundries and supplies as the number
of these useful machines increases In
this city and contingent territory. Then
there Is q steady output OF stoves.
ranges. md heaters, as usual. with Il
continued demand for buffalo robes.
lap robes, horse blankets. saddlery
goods. garden implements. hose. wire
fencing. small machinery. with the call
for mining machinery picking up.
Cutlery is always good seller in this
country. The general run of trade Is
highly encouraging.
LUMBER.
Tho lumber trade is much interested
in the annual convention just closed
of the western retdil dealers at Port
land The difficulty between the mills
and the jobbing trade as TO acceptance
of odd and even lengths in lumber has
been practically adjusted. and a con-
ference committee Is drawing up
schedule of prices. Tho cement trade
Is all that could be wished for, and
tremendous business is anticipated In
this line as spring opens.
DRY GOODS.
The Wholesale dry goods trade reports
business a little slow during the past