Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-06-18
R||S|NEsS SKIES
CONTINUE CLEAR
...,,ive influences, for the
wi lime Unpleasant, Have Made
situation Much Better
CROP REPORT ENCOURAGING
and Lumber Trade Report
Good Busines---"ho''''''
Dry Goods Dull

..oR;ng situation has been quiet
.oa.t week. with no speeia' OF spec
.sr features Local banking men
''' ~. skies are clear. no disturbance
sN Ian slight tendency toward
,, ~ Of activities because of un-
s,,nty on the outcome OF the crop
.,,on However, any suggestion Oh
,.,rty does not apply to Idaho,
,bo marvellous development OF
,,.sryoir system has practically
,ho soIthcrn part of the state IN
LOT of climatic conditions. An
.l.,,ctory feature Of the week,
uhN' sr was the falling behind OF
DOW hearings as compared with the
ealA m me corresponding week or
tsa or There is no particular eN-
~ 49, given of. or uneasiness
Iilah he, This. financial transactions
.au'ul r,niv fallen off 10 that extent.
~, M is considered only temporary
bu' ..,,e bankers convention to be
W. wi week In ogden is Of much
A,- In this section A special fea-
Nts ,bs nrogram viii be an address
w President W W. Ritter of the
.., savings bank on Postal Bank
ing' ,,.,, 20 ,,pTtNtrsTtC
INV claws I'm his latest letter says;
ipsrSaus the brightest development
n the week was the government CROP
.r,. the advices as to spring wheat
~. hetter than expected. The indi-
Inns NOW are for "A total wheat crop
- :6l Od0 400 bushels. against a harvest
~, var Of 7S1 900. 600 bushels. This
srygests shrlnkage OF about 100000
iv,bels as q result of poorer condition
,5.ra year ago. An oats crop of OIL
s0so bushels Is indicated, or about 49,
saN1 bushels In excess " last year,
While the outlook for barley Is for
cron Of 10 co., 900 bushels, or about s.
n1eo bushels IN excess of last year.
Tbere Il also a probability of a big
hav crop. although no returns 20" this
rr,duct have thus far been furnished.
IN cotton. the outlook Il about $4,000,
of0 Males. or fully 10000 0O more than
Iag year In all parts Of the country
there has been a larger acreage TILED,
and conditions are such as TO induce
farmers everywhere TO raise the very
largest product per acre possible. rms
means that the country will be favored
Win abundance In quantity. and that
tanners. though receiving lower prices
than a year ago. will nevertheless OBJ
IAN liberal net results. High prices
for meats may continue for a period.
since more time Is required for in
cieaSng supplies. but Il Ia known
that consumption Of meats has been
materially checked, and a very consid-
cradle Increase in the supply Of hogs
win occur this year, which Is already
Affecting the price Of such products.
The great European banks have
all been accommodating a supply of the
precious metal and Indications are
that We VIII be able to build up our
g1d reserves during the coming fall
and winter This latter fact is i'm
r0rtant inasmuch as there had been
more or less apprehension OF severe
siringonCy in the American markets as
soon as the crop season is fairly under
way This possibility was recognized
by western bankers who have been APP
plying the brakes and enforcing
liquidation in grain and provisions
u s thus seen that corrective in
faences have been steadily at work.
The cure was unpleasant. but, IL Is
working benoicially. and as n result
The situation is much better than at
any time for several months. Security
values are now exceedingly low. many
Stocks are selling on "a 6 per cent basis:
weak spots have been thoroughly
eliminated, the short interest is large
enough TO be an element Of strength;
The outlook Is for easy money until
me autumn; the prospects OF strin-
fency then have been material
j moderated by recent liquidation; the