Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-10-29

BANKERS WAITING M
FOR BETTER DAYS
ror Them, This Means Until
After Election Has as
Passed.
.--------------.--
WEATHER HURTS. .I:jF' u ,I'i.
WEATHER HURTS TRADING I.F'
.,au Merchants Waiting for Colder
season to Dispose of Winter Winter Goods
COLLECTIONS Improving.

- financial matters there has been
snec,al change in the local situation
r,thln the past week, and Salt Lake
Nankins men say there is not any like
med Of there being until after the
.,.n,ion. However, one thing is GER
tain the political agitation the country
..or ,s not favorable to the recovery OF
.rastrate business. One prominent
hanking man says: at Is to be hoped
49, al, our orators will have eXpend-
~ their rhetorical pyrotechnics by the
.,n,s election comes. and give quiet PEG.
~, M a chance to mend their fortunes.
T T most encouraging feature OF the
local situation is the continued good re-
rnrts OF crops-agricultural ana horu.
cultural. There seems little DOUBT ttltt
c .,s'If,nh fruit crop for this year has
s .ns The largest and of the best quality
IN iocal history; and the good market
has cone long way in support OF
nond local conditions. The regrettable
;aature IS the large number of men
renorted in this city without work, not
nithstandng the steady demand Tor
labor in agricultural sections
HENRY cLEWs' LETTER.
Henry CleWS says III Ms WSSH's ~
Cular letter: ,..,,,,. 80
announcement was the positive assur-
nmre Of n bumper corn crop. The value
~ good harvest Is much more highly
annrfciated in the west than here. AS
result OF the big corn yield. our
western farmers and merchants nave
s,ch mt on q spirit OF renewed con-
fldence, so that already the business
outlook throughout the great corn belt
is showing real Improvement. pessln-
ism never so deep in the west as IN
the east, is now rapidly disappearing:
for the farmers will be able 10 meet
their obligations, and land speculation
has received wholesome quietus
through the timely efforts eXerted by
interior bankers Incoming adVices
from the west are all OF a much more
favorable nature than q few weeks
ago. Corn is lower in price than last
year, but this fact will be offset ny
farmers feeding more corn TO cattle.
As the latter are bringing high prices,
It will prove more profitable to turn
corn into meat than into any other
product.
Mr.. Clews also remarks ABOUT the
general money market as tol!o"s:
All anxiety about the local money
porary stringency may occur between
now and the first Of the year. and the
Importance Of the advance IN the bank
Of England rate should not be over
looked. 1t Is warning that must be
needed. II all reports arc true. con-
siderable amounts of American finance
bills have been placed abroad, and
should Europe llquidate American
stocks with any freedom we might
find ourselves shortly exporting gold
AT a season when imports nrc custo-g
mary On the other hand, funds with
drawn for crop moving purposes Will
soon begin to return from tho west.
ana with lower prices for commodities
and the lessened activity OF business
there should be no scarcity OF loan
able funds. The excess Of loans over
deposits In some sections OF tho coup
try Is an indication Of unsatisfactory
conditions which in time will prob
ably right themselves The fear OF
q local crisis which hung over this
market all summer has now entirely
disappeared. General business con-
tinues quiet. and 1t will be some weeks.
If not several months, before the full
effects of good harvest display them
selves, especially as the process of ad-
jnstment to new conditions is not en-
tirely completed. After the elections 1t
would not be surprising II moderate
resumption OF activity was to occur
The Improvement in the security mar
kets VIII undoubtedly act rs stimu-
liant: and the stock market it should
be remembered has n habit Of dis
counting such recuperatlons in adj
vance 1t Is doubtful If the rise in
securities has yet reached its cul-
but after the recent rapid
advance a moderate reaction Is not I'M
likely to be followed later on by
another upturn, provided the present
leaders retain control.
HARDWARE.
The hardware trade reports no notice.
ape change In general business, but
mat collections NcOntinlln To in,nro.,G