Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-05-14
with Collections Slow, and Some
Banks OyerIoaned, It's
Hard to Borrow.
LOCAL TRADE SEEMS HEALTHY
.~ool Mcn Holding for Higher PRICES
Potato Growers Tried lh"t
To Their sorrow.

during the previous year. ana on '"'
..i. che local money situation is very
e,t- Rut collections are reported SLOW
.,sat cause " which it Is not easy
osesrt1in. The demand for money
-,ir,,,s to De strong. almost unpar-
,usiad So that several OF the Local
hanks have under pressure almost over
,,.5 These are now recalling loans
.,,anpthen their cash resources,
,t.h has made il difficult TO borrow.
rbis was Illustrated Thursday by
t.-,irs1t and perfectly reliable real
80, Fa,Iar who wanted to raise SlOOO
stA tr8ns-Jordan realty as collateral
,.st could not raise the wind. me
5epand for money for perfectly leslt-
innate enterprises has been uhPieoe
5rtsa $40 that almost as much again
- be loaned out II the banks had II
i1ap Recourse might be had 70
o.st. only money is tight there also.
-. qscribs this condition OF Things
al. uncertainties Of congressman
lion. others 10 an alleged determined
rsrirtrv ON the part OF eastern
financial magnates. one feature mas
attracted local attention. VIZ ulat
EASTERN bond buyers who httle "hlle
ego we're Offering per cent premium
=, Give over 90 cents. and are not ahNl-
oas f,r the securities at that. Henry |
.,gsvs I'm his latest circular letter says |
a1r business circles a cautious leel-
.t.,. ,.isalv prcvails Commodity prices /
- dscIintnr. and there has been les
se1ed demand for iron and steel TOT
TEXTILES and for many other pIouuO'9'
THE decline I'm commodities mas p'cn
fatally due 10 approach Of a new
fannEnmN1nnN
,fron SPECULATION; and the iact tloV
rriess are receding naturally causes
t,gsrs to hesitate until satisfied that
resction has reached its limit Apth
h.bl, witnessed a climax IN the
tE ,.-fos movement No doubt as
s,on AS confidence returns In regard 20
values orders win come IN more lIeSly,
hut t must be rememebefeu va
"a. recept agitation against the high
cost of living has had more OF lees
eFect In restraining consumption
Irbo business situation however, Is gen
crailv sound There Is little or no sefl-
ans decentralization, and prospects are
,5at as soon as a reasonable readJuS'-
,garf has taken place in cominodlues-
sarevhat similar to that which mas
been accomplished in stocks-a IIesn
forward movement will DE lnltlateu.
Nfnrh deucuds upon the crops. Iney are
,ba kew 10 the entire situation. imam
,tal Industrial and commercial Ihus
far the outlook in thls respect rs talfly
tatisflrt0rv. Damage reports nave UNI
ouestionablv been greatly exaggerated
and there rs every reason why ldlil-
ers should bend every effort TINS season
90 obtain as large yield as possible
C~lp failures would. Of course, be as
estrous this year But " the country |
oniv secures nothing better than ruiz
average Yields we may be sure or an
other prosperous year.
zone effect of the decline In prices
win be 10 stimulate exports ana checN
Imports thus restoring our foreign
commerce 90 a more normal basis. our
farmers being financially strong, held
bqgt grain. cotton and all products 70 |
an unusual degree for the purpose, OF
course. of securing the highest possible
rrea Indications are that this sur
pus must now come upon the market.
Prices of agricultural products nave |
receded materially from the top level
Weakening the confidence OF holders,
and the new crops are only three or
four months distant The outlook Is
now for larger exports Of grain and
cotton which win add TO the supply of
commercial bills, and thus render stu
more remote any possibility OF gold
shipments 10 is now evident that
many of the abnormal features result
IfN IIiIai iIIf lth' ANAffiiA tNi W. Z "NA'fEa
themselves and gradually but surely
,Hjiu mgnt viii bring us into more
normal conditions.
HARDWARE.
The hardware trade reports bust
ness in healthy condition. though coll
lecti0us ore Close-morc so In Idaho I
ihsn In either Wyoming or Utah. This
Is believed due 90 the neglect Of SO
many Idaho potato growers 10 market
their crops, holding back for unrealiz-
able prices The result was that the
potato crops were not sold AT all, and
thousands of dollars that would have
been poured into southern Idaho never
went there az all The wool men also
are now taking their turn In holding
back for higher prices, which the east | ,
.ih miH mon win not pay, threaten
lHs 20 work cotton into their fabrics
iaher than run AN wool goods Hold !
ing back the woods delays receipts Of
WOO moneys by the growers. SO that /
WY tIe not as prompt in payment OF
"lIa Tor hardware goods used i'm sheen
camps as might be- desired The iob-
usIs are sending out lawn mowers, {
NE screen windows and doors. ham {
~"'h7' building material sheet iron {
S1.1S' Fencing and small agricultural {
implements [
LUMBER AND CEMENT.
The lumber trade renorts , ,o,,a.,..,. 1
20 weaken To- fir timber. with no rbone,o "A
ahngles. There will be mo- more {
r'e shipments for the next no days o
al we mlils as the supply Is exhaust
.tt the logs now being run into
f..t'.'7 must be made up into manu- d
co,, '1'ea stuff before the wards can re 4
man. IIe7n accessions DELAYED shin. "
no,. rom the northwest mills ara a
for t,. s it,elNed In lunches. so that | o
ky present much Lumber a. bsln.,
st,'Ned ia this city. Tbero a.
rrsI. ln cement with tho dep,o,d
,,,r The factories win ne ~
bef,r. tsul ana day for long time
''eie Is any sign Of Stacking IN
Wholesale DRY GOODS
ro me ~, Wholesale dry goods TRADE ro
Of ar, 'i changes during tho weel,
being se the season. for the Time
chasing 49, gulet Buyers are pur-
ayoidi, rom hand 20 month thrs
accumulating ann, 49,, mus
Tho uloie bills In number but IL
Johns .kate not more I'm move,
IBclp1 ''port the goods eotna 49,
pooBs WINS sheers. organizes ,vt,ife
ana au kinds. India laccs 49,
lrs r goods The heavier ,,'oi,,,..'
trade "elhg entirely neglected. vi
than No., mat cotton "a now btgbor
,lyely t-4 'ne figures being rospec-
port that 80 10 cents Jobbers re-
markct alnchs generally ip ~
9n'l have been larger w IN me 7
neDt So that drastic min r',rtss ~ r
goods hNlnes. II Is claimed ~, ,
which ~ hecn sold too cbearl,, -, 80 Z
'laimed '.nul acturers are blapad ~
prlces without just cause ls !
quoted for duck. wiz