The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-09-18
BANK CLEARINGS
ARE CLIMBING Up
Figures for Past Week Show
Only a Half Million Less
Than Year Ago.
SITUATION IS SoUNDER
Continued Good Crop Weather Is En-
couraging Sign to Those
Watching Situation.

Bank cIearings for the week Just
closed made a better showing than
any similar week for the last three
months. and Indicate a return to good
business conditions in salt Lake. With
the change I'm the business aspect. a
corresponding condition OF optimism
Is seen among most Of the real estate
men. who declare that the dull season
Is drawing TO a close. and predict good
business for the fall months Of this
year. with a return TO old form during
the winter and next spring.
Though the bank clearings are not
so large FOR the week as they were
for the corresponding week last year.
there IS a difference Of only half a
million dollars. whereas most of the
weeks recently have shown n falling
on OF at least S1.OOO.OO The clear
ings for the week just closed were So
11S,459.64, as against s6,641,6S5.49 for
the corresponding week OF 1909. or a
decrease this year Of $500. 225.S5. No
day during the week was larger than
the same day a year ago. but they were
all close. and IL is believed that this
week a stiIl better showing will be
made.
situation SOunder.
Henry CIews has the following 10
say OF the general conditions through
out the country:
Wide observation proves the stu
alton 10 be much sOunder than at any
time during the last eight months.
The most encouraging factor Is cou-
tinued good crop weather. Corn, the
pivotal crop. has been making excel
lent progress. and the outlook Is now
for a bumper yield. the only danger
being that the season is fully two
weeks or more late. Cotton also is
doing better. but likewise has to con-
tend against Iateness Of the season.
Indications continue to point 10 a
money value i'm crops about equal to
that Of last year. or $500. 900. eco.
When il is remembered that this sum
IS greater than the capital stock Of all
the steam railroads in the United
States combined. the tremendous i'm
rortance Of good crops rs an element in
our material prosperity can be readily
appreciated
Improvement shown.
The general business situation is
improving. Trade is quiet and being
conducted on much more conservative
lines than a year ago-a policy which
Is likely to prove helpful and result in
a larger and sounder activity later on
There Is still some timidity i'm business
circles over uncertainties which have
already been discounted In the stock
market. but in due season these draw
backs should gradually disappear. As
soon az liquidation in commerce and
industry has been as thorough as in
finance there would seem to be little
reason for delay in business revival.
The three great commercial nations Of
the world England. Germany and
FrauCe-are still enjoying a high de-
gree Of prosperity. In all three cOun-
tries. and especially England. both do
nestle and foreign trade continues
upon a large scale without Interrupt
ton. There is no lasting reason why
the United States should be the only
great country where depression pre-
walls: but such Is the fact. This COun-
try has been suffering from past ex-
cesses For eight months at least, II
not longer. we have been paying the
penalty. yet as long as activity con-
tinues abroad # is reasonable to hope
that we, tCo. should regain our
share"
Collections Better.
There Is practically no change I'm the
hardware market OF salt Lake. only
that the calls for fixtures and other
supplies are coming I'm regularly. and
collections are reported much better
than at this time last year. In the
wholesale and retail dry goods mar
kets. a squirt was given to the trade
saturday by the openings Of fall and
winter stock and Il Is believed the
business will show wonderful advances