Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-23
BANKS RECEIVE
CROP FORECAST
lnltlook Is Promising, but Present
Is Comparatively
Quiet.
WEATHER AFFECTS BUSINESS
voa.,nabIc Demands In Many Lines
Contrastcd to Scasonablc Slack
Noticed In Others.

Noticed IN Others,
In local banking circ1Us I'M -'''.- ton
ls ouiet, with money in sufficient sup
,iy FOR the more pressing needs, but
ye, not abundant enough to supply all
those who are asking for IT, or course
tbe oppressive weather has tendency
IN slow up the machine, but It Is be-
bsyed that at the latter part OF the
season there will be a greater activity.
peports received at the banks from
Tho farming sections are unanimous In
indicating that the crops viii be fair
INT little, II any. below the general
average. Cashier r.. J. Comstock OF
the First National Bank of Rexburg,
Ida writes to President w. w, Ritter
M the Dcseret Savings bank: You win
psrdon me for again addressing you
ON the dry farm crops, but owing To-
the fact that our dry farms have been
and are making good. we want those
who have been interested in making
advances on that class of land to know
n am enclosing samples Of grain
from the dry farm. They are not
rlcked samples. Crops. which at one
lime were considered loss. viii this
year give q remunerative return Of the
investment Spring crops which we
aid not figure would make good, are
doing we'll and we look for an average
q to exceed 25 bushels Of wheat per
acre on the dry farms"
HENRY CLEWs' LETTER.
Henry Clcws in his latest circular
letter says:
THE general business situation H. not
satisfactory RCaCtiOnaTy tendencies
multiply, and the liquidation which has
taken place on the stock exchange In
now extending to the commodity mar
kets Economy Is becoming the order |
OF the day having been rendered i'm |
Ierative by the extravaganza which |
has rermoated all classes OF Cunsum- |
ers for some years past. What with |
automobiles and other inordinate in
dulgcncics the buying power Of many |
people has been. at least tom porHrlly |
Impaired. period of rest is needed
for recuperation good many fail
ures have taken place during the past
six months, and more are TO be antici-
pated Lower prices for commodities,
however. and time for recuperation will |
gradually work out better and sound
or situation Labor Is sim generally
well employed and securing good
/
serious abatement in the consumption
" necessities. Luxuries only should |
suffer. Should the crops turn out sat
isfactorily, and should the country es- |
cape any unfavorable political develop
ments, we may look for resumption OF |
trade activity next fall and winter.
Disappointment, however, In either of |
these respects would inevitably affect
trade injuriously: hence period OF
caution and waiting Is necessary, until
ME possible outcome OF these elements
can be fairly estimated,
The shrnkage In spring wheat, es-
tima,ed at about 9O,00O,O00 bushels,
WAS, NJ course. an unpleasant factor. I
Thanks 10 the larger acreage OF |
winter wheat and generally fair con-
dillon this loss may be partly re- {
covered. Something Of vastly more
Importance Is the prospect for corn, !
which is very encouraging, the OUT }
ook being for a recordbreaking crop )
y 8,20o.000,00O bushels or over Since )
he money value Of the corn crop is
'elween two or three times that Of
neat the Importance OF big Yield I
% corn ot 2,272, 100000 bushels was
alued az Sl653.0O0, 900 our wheat I
Iop Of $4,000, 600 bushels was valu- !
d az At30OQ0,O00. while our cotton \
rop OF little no IRE than 100000 .
WIS was NhlutI AZ SHUU.UNt,U uU. an | r.
unusually high figure. IL will thus be n
cen that corn is worth more than z
pc other two crops combined. and z
vice as much as either one of them
oIg corn crop therefore, such as r
now promised, affords most i'm | {
ofAnt basis Of encouragement It 7
lould cheapcn meat products. and | !
w me railroads large freight 7
atc But the crop has still several =
e,Hs 10 run, and is always exposed I !
uAhser from carly frost Moreover, |
ugust Is usually "A month of deto-
U'auon for the majority Of crops.
! 'hdt while damage reports have
.eu exaggerated, there is no reason =,
/. uuuIelng IN any undue optimism. 7
me asappointment will be felt at q,
u azure To raise other large crops, .,
!. AuSe lhe country really needed =,
= n su' pllS' not only to facilitate
wy prices al home. but also to
u me desired stimulus to ex-
aaS During the coming year we cl
~ snip comparatively little wheat NJ
Eutope' but liberal increase can W
auuVlPated IN exports OF cotton.
'' Mueat crop outlook has improve
MA uue 70 recent rains. Our crop
rS are now pretty sure to reach
oo 5'u ae, between $4,000. 900 900 and
II so, continued
NAAN cunning NtuT WIFI nR |
tvu' ana In the event OF no
~ - complications the country viii
~. ,, gnd the good dividend paying
is, WI, advance from the present
HARDWARE. :.
5,,, n"iaNare trade reports rath- IN
r,h ' "'ohih, as July and August are /.
,, ,'-s OF quiet in this business col 70, 20
,.- are fairly good. showing mn va
:, ."ah IN Juno. There is a tend Nt
~. 20 restrict buying among The ~,
,,.,Ile trade owing to the COMING -
t",,.T IN freight tanns which vii 90
Tsny affect the hardware lnter- =
for instance, nails costing siio er
wv; nom Chicago to Utah po,nts "a
~ sp Gown 40 cents; bolts nuts and aar,
s s,.s, tllo to so cents: butts. hinges do
!, SPRINGS. S.25 to so cents. boiion, w.
/, y - to 'l.2o: knobs, locks otc Co
ro.a Nl.-'. Local jobbers say The ga
lsi.I. men are on their reei;1nlng" Th
r Inning these reductions are bound IN,
.'''' tne jobber on the contrary 81