The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-06-12
MONEY MARKETS
MUCH EASIER NOW
Stable Enterprises Find No Diff
ficulty in Financing Their
Projects.
BANK CLEARINGS INCREASE
BANKS CHECK TENDENCY OF
PUBLIC TO SPECULATE.

There have been no features N the
financial situation OF Salt Lake during
the past week. but there has been a
Erauual looecning I'D OF the money
market. and the nnaucing Of several
large deals recently calls attention to
the fact that the period OF stringeucy
prOvemeut Of conditions for the next
few weeks. The opening OF the salt
Lake Route. promised for q number OF
weeks, u regarded a. one OF the most
important things which has occurred
-his season and business is expected TO
be better from now on. gain in bank
clcarings OF siSs,f23.f6 for the past
week over the showing for the cur
rcgpou.' tng week OF last year also
points - improved conditions, since the
daily totals were high az this time IN
1909 and even slight gain would be
considered an Indication OF good bus
mess.
Total bank clearings for the week
endlng Saturday night were $3.50
60l.l5. as compared with a total Of
Ao,tb0.ltb.Ze FOR the corresponding week
OF last year The Increase. therefore.
exceeded a million dollars a day dur
Ing the entire week and on Saturday
were 2l.lf4bhS.S5. as Compared with
a total OF St.t44.69214 FOR the cor
responding day OF 1909 The Increase.
therefore. was s29.996.71. or a little
over per cent
Reports from the banks elicit the
Information that the recent refusal OF
the banks 20 loan was brought about
by the tendency Of people here 70
speculate too strongly. and 10 was felt
necessary TO cheek this. At the same
tirne a. a. pointed out that the financial
IN titutlons here are ready 70 finance
legitimate enterprises and that the re-
cent holding back by some OF the in
stitutlons was no more than was war
ranted BY the disposition Of many peo-
pie 10 rush into large enterprises a 1T
tie 100 heavily when there was a slight
shortage OF money The opening OF
the new National Copper bank created
n stir In financial circles and at
tracted a good deal OF attention from
other localities. The feature OF the
week was the reorganization OF the
lions Savings Bank a. Trust company
with a capital OF 100000 The old
board OF directors was reelected and
the institution IS now one OF fhe
strongest In the intcrmountain coun-
In the hardware trade business ,s
reported as keeping up well and there
has been no lack OF pr JaratiOn for
the Talls business. Stoves have formed
n strong feature Of the trade during
the past week In spite OF the hot wealth
OF. the orders being filled Tor whole
sale trade In the fall Lanterns wire
fencing. sheet metal. galvanized iron
wares. corrugated roofing AID the like
have been called for IN lar-e quantf-
tics The retail trade has been dis
tnguishcd By tho call FOR lawn now
ticIcs
In the lumber trade the week has
been dull and there has bcea n slight
falling or In prices. There IS fair
y good call for building materials.
however especially cement and herd
ware The cement factories have hoon
taxed 20 the utmost 10 supply the de-
m1ud. which has fncrca scd greatly on
account q the large number OF new
structures made OF this material.
me usual sumner sales have sffruu-
lated the retail dry goods market and
many stores report an agfouirhinr
amount of activity. The steady warm
weather has o'so caused something OF
rush Tor lEht weight fabrics and
summer dresses AID sheer garments OF
every description for ladies' wear The
usual early summer closing period has
been started ar.d the stores are making
n eHEht adjustment 90 the new condi-
non In wholesale lines there has
bfen a picking M In the number OF
orders. especially FOR summer goods
70 lE a little early Cor the sale 81 FAN
weights In clothing and these Goods
VIII De quiet for few weeks
IN general, conditions are excellent
corrections are reported better than for
The past ten days and 90 Is cxnecfed
that this condition win improve gradu-
any throughout the summer months