The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-02
BANK CLEARINGS
GROWING BETTER
While Not Equal to Those of
Last Year, Prospects Are
Encouraging.
cLEWS BLAMES POLITICS
Conditions Would Be Better, BE Says,
Except for Acute Strain in
Political Situation.

With good prospects Of the nations
crops establishing a high-Water mark
this year. financial conditions thrOugh
oNt the country, and accidentally In SaIt
Lake, are growing steadily better Bank
elear.ngs are lncreasing-nOt as rapidly
as 10 forecast exceeding the clearinl-ls
Tor the same time last year, very Short
y-out nevertheless enough 10 create
an encouraging feeling OF confidence.
The eiearings for the week just closed
reached total of S5,5l1.39271 a.
against S5.422, ll6.16 for the same week
While the value Of crops has in-
creased steadily, due TO the continulna.
good weather, retail merchants have
suffered from the same cause that bene-
Hled the farmer and stock broker
With no signs OF cold weather, the de-
mand for winter goods has been light
50 Iaf and local merchants report "A
slack trade for the week. Bankers.
however, declare that money is moro
plentiful than IL has been for some
time and express the opinion that loans
on good securities viii not be hard To
OBTAIN, one feature about the money
market Is that there is no decrease in
interest rates and no prospects for a
decrease until after January I, when
a stil easier market is anticipated
and encouraging sales and from several
realty firms comes the report that
property values are increasing.
Collections Grow Easier.
The hardware trade has been better
this month than was expected. the pres
ent demand being mostly for staDle
goods. collections are improving and
With continuance of the present stead
lly improving market, the situation viii
PROBABLY be greatly relieved within 80
days. The wholesale dry goods trade
reports business fair in general fabrics.
although the mild weather here gets in
It's effect on the sale of heavier ma
terlaL The demand in both the retail
and wholesale market runs along staple
lines with a good call for the hObble
skirt OF the reformed pattern-the mod
iIlcatlon OF a Partisan mOdiste.
Car Shortage Felt.
Lumbermen are complaining Of the
car shortage as the railroads are using
all their cars TO move the grain and
fruit crops. and the lumber trade can-
not possibly secure enough cars 10 move
us output Inc local yards, however.
aer doing fair business with the coun-
try trade. although things are reported
rather quiet in the city.
Henry Clews says in his weekly let
ter;
Notwithstanding some degree Of fr-
regularity late in the week, recent de
in the market for stock
exchange securities contain distinct
Were ii not for the acute strain in tho
political situation, the financial posi-
ton as whole could be considered
highly satisfactory. II is fundamental
try is predicated upon the new wealth
produced each year BY our farms. Not
the unfaVOrable weather
conditions early in the summer. the
elimination OF the growing season has
been so highly favorable that taking
our great crops collectively, the har-
vests of 1910 viii come very close 10
establishing a new high water mark,
II they do not in fact do so. Every
day that frost is delayed brings the
king OF our crOps-cOrn-neaFe the
three billion bushel mark; and the dan
ger point so Tar as frost Is concerned
has already been passed in by far the
major part or the tremendous area OF
our great corn belt In other words,
damage may now be encOun-
tered VIII undoubtedly be local and
comparatively slight, and il IS not at
this time counting our chickens before
they are Matched 10 view briefly the
benefits that may be expected OF a corn
harvest that for the first time in the
history of our country exceeds the
three billion bushel mark. Corn today
Is selling in Chicago at more than so
value OF the crop in dollars and cents
Is very close to $500 600, O00-an al
most unthinkable sum- exceeding the
value OF our wheat and cotton crops
particularly. a renewal Of purchasing
power. affecting not only its ability 10
lake freely the products OF our fac
tories, but will at the same time mean
extend 10 qualifications far too numer-
BUS 10 attempt to mention in detail.
Corn today enters so largely into food
,or man and beast that the Importance
II a tremendous production can scarce
y be OVerestimated. It's uses for hui
nan consumption are so rapidly null
iplying that the transportation Of pre-
Jared food products is each year gain
ng rapidly In importance as an item OF
abroad transportation. Corn. too en-
ers into the transportation problem IN
many indirect ways. AS the real basis
# cattle and provisions, IL becomes a
large item Of Transports
ion, TO say nothing OF corn Itself,
which is one OF the most bulky Of rail-
Dad commodities.
"A satisfactory corn harvest at prof
table prices, backed adequately by
ther favorable agricultural develop
nents, provides an antidote that must
rove highly effective in cOunteracting
developments OF q less favorable char
cter, of which there has recently been
UGH an unusually large array"
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