Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-09-02
OPTIMISTIC BUSINESS REPORT.


business conditions FOR 1910, compiled
hy the Continental and Commercial
National Bank. NJ Chicago. shows AN
abundance OF grain. and feed for AMI
mnis. and prosperous conditions II
reviews the disturbing influences that
caused a strlngercy. and predicts prog
ress with renewed confidence and en-
orgy.
The total wheat crop II estimated at
$50. 200 900 bushels, or So,000,eOo bushels
loss than last yeor's record production,
but equal to ten years average pro-
ductlcn Corn promises a yield OF
atoo. Zoo. 600 bushels or 22bOo0.o0o bush
els above the previous season and 20
per cont over ten years average crop
The oats yield will exceed last years
excellent production with II total of
i,O7l 900 900 bushels, 2oO00OOOO bushels
over the tcn-year average. Barley viii
equal last years crop OF l2s'OQoOOo
bushels. and rye will exceed the pre-
vious season. being 31,5oo,0o0 bushels,
comparing with 30,O0o,Ooo bushels. The
total production of these grains. As
reported to us. Is 1905 900 900 bushels,
while the ten-year average is 4iSlOOO.-
oCo bushels. Cotton condition indicates
crop OF 100000 bales, or 100000
btlcs above last year
The general business conditions have
not fulfilled the prophecies made that
1910 would Be n banner year Business
has suffered from some disturbing in
nuences In the absence OF a favor
able trade balance. securities were
sold m large blocks and the failing
prices created uneasiness other dis
turbing influences of the year have
been the court decisions under the an
I thrust act and the controversy over
railway rates. When the law as TO In
dustrial combinations is finally settled,
business viii doubtless be adapted 70
IT. but so long as the law is undeter-
mined. apprehensions concerning the
outcome will affect enterprise uufav-
oiably. 1T seems certain" the report
says. that in the long run the laws
win have to be such that industrial
development can go on In a normal
and effective manner. and so framed
and enforced that while the public has
4 remedy against the eXactions OF
monopoly the wastes or excessive com
petition may be avoided. How this
may be accomplished ard a Just dis
tribution OF the benefits secured IL the
problem with which the courts and
lawmakers are now engaged. II can
not be avoided. and can only be solved
by patient and falr-mlnded inquiry
and experiment"
The discussion In Congress over the
measure charging the powers OF the
Interstate Commerce Commission and
the controversy over the efforts OF the
railways to advance freight rates
have occupied large space In the news
papers and been an influence In the
conservative attitude taken by invest
ors Unquestionably, the report says
the expenses Of the roads have been
greatly increased by the concessions
made to their employees and the rising
prices Of all supplies. Their earnings
have also been unfavorn bly, affected by
decisions in specific rate cases. The
rival cities OF the country in their
fight for trade. are uvntendinG con-
stantly for freight rates that win i'm
rrove ,heir uosltion. and the success
Of these contantions usually Involves
loss to the RAILWAYS. The result of this
constant pressuro and the uncertainty
as TO future revenue has caused the
roads 10 hold up a large amount of ex-
pcnditurcs which they have planned.
4 compotcnt authority estimates the
amount Of such OUTLAWS Immediately
affected at $500 900. 600. We regard this
check as but temporary. Now that
the principle OF railway control and
the supervision " rates by public
authority is definitely established and
In force. we look 70 see an important
body Of public oplnion take a stand
for a fair and reasonable adjustment
Of the rates.
Tho demands OF vazc eancrs for
higher wages. based ON the high cost
Of living, have generally been COM
coded. Particular industries have had
their peculisr difsculties to contend
with. Cotton mills. for instance. are
idle because the price Of cotton cloth
is out Of line with tho price Of the
raw material