Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-06-11
WEEK WAS QUIET,
BUSINESS DULL
,..,od for Money Slightly Ex'
, ..sds Supply, but Conservatism
warranted by All Conditions
ofclINE IN COST OF LIVING
s.mmer sales Featnre-No'ao'c
Move by lions savings Bank
-Clcws' Views.

49,, bankers report the SITUATION
=. the week as uneventfuh win inc
- routine moving along without
s.hio friction and with bushes
-. a,od The demand for money Is
n,,is greater at present than IN
'nply. but no uneasiness Is i't On
.ss, account In certain quarters mere
disposition to criticize the banks
-. ,on.erystiye. the belief prevail
mo, this H. due TO refeS infiu-
-. rom eastern m0rcy center. nov
sr,r san Lake fnanciers deny TINS
,ch.v say they are always ready TO m
..,t money. 10 loan II where IL Is need
and they are no more conservative
!. boldlng back than existing condi-
a., and circumstances warrant. The
s.rs elearlngs are about the same as
nose Of a year ago. The new National
c.,oer bank continues to attract muth
s.,arahle attention An event OF ths
~ was the reelection OF the old
- ~ directors Of lions Savings
p,nk & Trust company, with Cashier
q q Beebe on the board in place OF
,hs late President John X Wlnder.
The directors subsequently carried ous
,ha alan of organization as set form
n ne printed statement of the instltu-
,ion 40 that the bank Is now one OF
,bs strongest banking concerns in the
Henry Clews in his latest circular
letter has the following OF interest to
say;
marked declines and the tendency Is
,or stlll lower prices Commodities
generally are declining. Unsatisfactoly
rs this may b. to those operating for
Tho rise. the country will ultimately be
benefited. and the cost of living will
decline Both wheat and cotton will
20 outward more freely and save us
Yron the alternative OF further de-
pletlon in our gold supply. The situa-
ton has already been materially rellev-
ed by this unpleasant but curative pro-
cess.
aOur crop situation Is fairly salts
factory. The outlook IL for full crop
OF cotton, and wheat promises we'll. Tho
prospect is also for a big hay crop. Tho
growing season Is from two to three
weeks late. which somewhat increases
the perils nom early frosts. still there
IN
ground, and II would be premature TO
take discouraeang views OF the present
crop situation. Other favorable infiu-
ences are the successful placing OF st.
Paul bonds and city warrants In Paris.
the decline In the Bank OF England
rate good cotton report and a sharp
decline In imports which with lower
prices for wheat and cotton and foreign
takngs OF our securities will interiors
with further gold exports II seems
quite certain that Europe will take our
best securities at price. and present
coalitions seem unusually favorable to
ihe foreign purchaser"
HARDWARE GOOD. LUMBER
QUIET
The hardware trade reports business
as keeping up surprisingly, consider
ING financial conditions. Sales are be-
Ing made right along OF fan goods, such
as stoves lanterns, fencing. sheet me-
nl galvanized wares. corrugated roof
Ing, builders hardware. lawn mowers,
eic. collections are an improvement
over what they were 10 days ago. The
mining supply market is reported quiet.
me lumber trade reports nothing
uulhs or any consequence, as dun
season In lumber appears to be immi-
nent There IL, however. a slight fall
ing on In prices There is no such
tmng now as car shortage. and there
Is no trouble IN getting through from
the northwest such lumber as is de-
sired The cement market continues
unchanged, with the factories taxed to
Their utmost to MI orders.
WHOLESALE DRY GOODS.
The wholesale dry goods trade re-
poFs mat locally the past week has
pesh quiet the goods that have been
gong out being regular summer goods.
soDDers report that in general the de-
s'ahd mas Increased during the past 80
uays' though Il is claimed prices re-
NAN stu below replacement costs.
while cancellation OF orders Is making
srVupH; There Is strong competition
~ uucA, and reduction in prints.
ned tabrics are firmer. with i'm
%uNeg trade In fine qualities. The
~ - reported OF the demand for
II,St,E weight. sold-colored cottons. The
oss weight shantungs. pongees and
Ssa corded effects are still good I'm solid
naues' but the trend Of buviny is
aSa toward stripes. checks. or printed
80 Sheer goods are undoubtedly
a., /" strong for the coming season
sa ,''e crepes fancy figured musllns.
,ksses and fine printed Persians arc
'"e pest sellers in novelty effects. Fine