Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-01
LOAN DEMANDS
EXCEED SUPPLY
Year, However, Closes With A.
fairs in Good
Shape.
HOLIDAY TRADE is STRONG
All Lines Report Steady Demands for
Staplcs-A Hint for Next
Years Styles.

The year closes in good shape. with
merchants. bankers, stockmcn. rail.
road men, mining men. and In fact tho
whole business community as a rule
feeling that the past year has been q
good one; and they enter upon the
new year with optimistic feelings and
expectations that 1910 VIII bring
good times. The demand for money
continues very strong; so much "a
that the supply is not equal to the de-
ihaho- therefore. the banks are hay-
lnR 10 curtall loans to their custom
ers. However, there Is a belief that
after the first Of the year money will
De In greater supply. so that the pres
ent shortage Is but temporary
gratifying feature of the situation Is
that the demand for money Is for use
ful and perfectly legitimate purposes
which no doubt Will be accommoda dated.
Henry Clews says in his last circu-
lar:
good undertonc exists and a
hopeful feeling Is shown regarding the
future. Railroads are doing a large
traffic. and the volume of business Is
generally up to the pre-panic level.
and In some cases is In excess The
country now feels the stimulus of ag-
iiSoilut oil prosperity everyone is Ia
miliar with the fact that western
farmers and southern planters have
been receiving phenomenally high
prices for their products this year, en-
abEng them to be liberal purchasers
OF clothing and household goods not
to speak of such luxuries as pianos,
talking machines. planolas, automo-
biles. etc. Not few farmers. instead
of buying more land, are making in
m hai
plus funds. condition of affairs
which Will eventually promote the
floating of all sorts of questionable
schemes intended to entice the mex
perienced.
Prosperity of the farmer Is naturally
followed. though in a less degree, by
the activity In industrial circles All
our large plants are busily running
on full time and over, and labor Is
well employed. In commercial circles
there is a corresponding degree of
activity. and the only classes who are
not sharing in the benefits are those
with fixed incomes and those whose
work is of a professional nature. The
latter. however, did not suffer during
the panic. but often benefited thereby
in a reduced cost of living, so cannot
seriously complain. But those who
took the brunt of the disaster should
now have an opportunity of averaging
up. Labor is showing much unrest
and making demands for higher
wages in order to share the improve
ment, often forgetting that 1t took
little Of the loss which followed the
panic. While II is satisfactory to
record a generally active state of
business, 1t should not be overlooked
that the benefits of such activity have
not been fairly distributed. Its ad-
vantages have largely gone to certain
organized classes, who should now be
content to see the unorganized get a
share before demanding more for
themselves.
HARDWARE.
The hardware trade reports very little
doing. as this is inventory season. The
statesmen are all back from the road.
and arranging for the work of the
coming year. Shipments are confined
to urgent orders, and there is no so
Letting. Collections are good. and are
likely to continue SO for the next two
weeks There has been a great holl
day trade, the most satisfactory in
years. People have bought freely. for
the most part of substantial goods, OF
staples rather than luxuries. There
has been a marked call for skates.
cutlery. silvcrware and the like.
LUMBER.
The lumber trade reports very littlo
buying this week. There is a general
feeling that for the first three months
in the year there Will be but few
changes; but after that there Will be
marked advances in prices. The local
yards are pretty well stocked up so
they will not need replenshing for some
time Travelling men are all in town,
not expecting TO go out again until the
middle of the month. The cement trade
is f1ourIshing. The Brigham City plant
of the ogden Cement company is ar
ranging to start up between Jan 10 and
Feb l.
DRY GOODS.
Tho local wholesale dry goods trade
reports the season between hay and
grass. Inventories arc the order of the
day, with travelling men called in to
prepare for the first trips of the new
year. and arrange their samples, Local
stocks are we'll up, with spring goods
arriving daily, largely dress goods.
glnghams and notions. Jobbers report
q demand for medium dress goods.
with spring fashions incllning to nov
city colors There is the average yard
age In checks, plalds. stripes and diago-
nal cuttings. On solid colored goods,
browns. grays and blues are making
good showing The medium grade. piece
dyed woolcns are awakening consider
able attention. On cloakings' the hrst
orders for spring are disappointing to
the trade. and except for some OF the
high priced novelties. everything In THIS
line except staple goods Is tagging.
Cloak and suit factors in the wholesale
market report a substantial increase In
business done on advance orders for
Easter on staple lines Of cloaks. suits
separate skirts and wraps. There Is
such n demand reported from the north
west that many jobbing houses prac'
tIcally have no goods on hand at the
opening OF the year
Tho retail dry goods trade reports
the Christmas business as continuing
through the last week Of the year In
gratifying style The local department
store managers say purchasers arc
thronging in right along. buying goods
in all departments. though largely no"
staple goods This holiday season Is q
record one, and store keepers are hap
py. ra