Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-11-19
BUSINESS TAKES
SHORTER. STRIDE
bankers Report a Genera! Move J:
ment Toward Greater a
Conservatism;
JACK OF RAIN is BEING FELT
JACK OF RAIN is BEING FELT
Fall Wheat Appears In Special Danger
Review Of Local Conditions
In Trade Circles.

Local banking men report sio"iiH
soyn in business over the, state. with
ao,,e trimming their sails to innuGu-
20 more conservative conditions than
t,r some years past. The lack or
ouch needed rain Is reported as be-
coming n serious question. In some
nl,ccs where fall wheat has been
,,,nted there Is not enough moisture
ohrine ii UP, so there Is fear 1t will
malt IN the ground. However. the
am,jnok is made brighter by knowledge
NJ the fact that farmers are getting
GOOD prices for their products. and as
General thing they are out of debt.
put the number of men out Of en-
,,,oyment in this city Is considerable.
With not bright prospects In that line.
However, this is the case In other
large cities. With few exceptions. There
is n ray of light In the sudden rise in
the bank clcarings. to figures In ex-
cess OF the corresponding days of last
year. This may prognosticate good
Christmas trade. AT all events there
are no complaints of moment from
the various trades.
HENRY CLEWS' LETTER.
Henry Clews in this weeks circular
letter has the following to say:
General business remains quiet and
commodity prices are tending down
ward In the iron trade there has
been a st.l further contraction of
productIon. although at the moment
some Improvement is noticed In the
demand for pig iron. The railroads are
not entering the market with any free
dom. but instead are curtailing their
purchases as far as possible. partly
III the hope of securing better prices,
and partly with view to waiting until
conditions become more satisfactory.
Much will dcpcnd upon the decision
OF the Interstate Commerce commits
sion in regard to rates. Should the
latter allow the railroads to make
some increases and thereby rccoup
themselves for diminished net revenue
in other directions. the companies
Will then be in a position to enter the
market for supplies more freely. Al
though general business is quiet, no
great falling off in volume can be de-
tccted when compared with year
ago. Bank clear.ngs,in october at all
points were reported Ia per cent less
than year ago. This decrease. how
ever was largely due to the heavy
shrlnkage of 81 per cent in New York.
where the inactivity on the stock OK
change explained much of the loss.
Outside of New York the total clear
ings showed an increase of about
per cent. In the middle states Gn-
Gluding New York; there WAS loss
OILS per cent. in New England loss
Of per cent. in the middle western
states loss of . per cent. while the
Pacific states showed an increase of
10 per cent. southern states 4 per cent
and other western states per cent.
These figures do not suggest any I'M
portant reaction in business. Never
theless. the fact that the forward
movement has. been checked Is n mat
ter of some concern. particularly in
establishments and corporations where
the increased cost of doing business Is
already an item Of Importance. Tho
fresh outbreak of labor trouble Is any
.linS but assuring to business men.