Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-10-22
FINANCIAL SKIES ) I !
CRON|NG.BR|!GR1ER
------ mn
s,,noIy Of Money Deemed Dee A de
quate for All Commercial
Necessities.
1870 ----- ---i--------
All, EcTIoNs ARE IMPROVING
ELECTIONS ARE IMPROVING 20
General Trade Takes n Squirt With the
Coming Of More scason'tblc
Weather.

n (
Weather.
The nsancial situation ia increasing
IL hopeful Money is reported at the
hanks as flowing freely--not in volume
.nf1cient to care for every demand. but
enough for commercial purposes. Those
,vishlnr 10 borrow OH real estate can
,ot always find accommodations at the
,ocal hanks. But there are foreign
agencies which can take care OF such
,,nl,cants. It Is confidently believed
NJ those who keep In touch with the
financial world that money is becoming
40 s;er as the year advances. so that
Ssfore January next there VIII be n
rsstfnl feeling everywhere. Normal
conditions prevail In the general mar
ket. with money in ample supply. me
outlook for the country at large is con-
sidered very good. the lateness OF 1Ne
ssason has proha bly, becn the cause OF
nsrmittIng the ripening of crops. so in
ibis respect the outlook Is gratifying.
incally. while the crops have been a
iI,tle behind the general average for the
,sst two or three years. yet as d whole
mac make an excellent showing, and
shoye ali men the farmer has no rea-
son to complain.
HENRY cLEws' VIEW.
81 Henry clews in his last circular
letter says: Activity. on the stock eS-
change Increased In spite of interview
lion OF the holidays, and the under
time of the market was strong, the
tendency OF prices being steadily up
wards. The influence contributing
chiefly towards reviving confidence
was the October crop report. This re-
moved all doubt concerning the corn
crop; the government report exceed
INK even the most sanguine cxpecta-
tons OF a 5000 100000 bushel crop.
Corn Is king; not only because of Its
great money value, but because OF the
numerous directions in which 1t is
used both for domestic and industrial
purposes. In money value II exceeds
both wheat and cotton combined. The
wheat Yield. though not what was de-
sired, has exceeded early expectations,
and a large crop Of oats has also been
garnered. The yield Of cotton has been
disappointing; but. so far us the south
Is concerned, this will be fully COM
pensated for by enhanced prices. All
doubts concerning the crops nre now
out OF the way, except cotton. which
Will be subject to danger from early
frost for at least another two weeks.
Since the harvest Is tho most impor-
tant element In our national prosperi-
ty. 1t Is a source OF satisfaction that
this factor Of uncertainty Is now per-
manently eliminated.
The present situation as a. whole war
rants more cheerfulness The country.
Is still passing through Il period of re-
adjustment. ari1aOfIv n ifp1 ~nfr
peted In all probability It Is going 10
be u quiet winter for trade at large
The disasters 60 long expected. how
ever, have not occurred: and the out
look for satisfactory solution Of
some OF the graFer economic problems
Of the day is more encouraging than
has been the case for many months.
Industry Is taking a compulsory rest
after prolonged period of excessive
activity. Under the new conditions we
should ere long be accumulating fresh
supply OF capital Investors have with
held from the market for so long n Pc
ROO that funds must be accommodating.
uhosested issues must be in process
o. assimilation. Banking opinion may
SUI DO divided as to the future course
OF the market. hut essential conditions
are Enthusiastically clearing and
STRENGTHENING. In the first six or eight
months OF the year the stock market
was actively engaged In tlscountng re-
action. Now that the change in fun
IS dan'ental conditions Is being recog-
MED, IT Is showing equal readiness In
olscounting recovery.
HARDWARE.
The hardware trade reports livelicr
trade than ever In the line of stoves
ana heaters, although ranges are not
4 ~ great demand. Collections are
steadily improving. as money becomes
easier and people are better able and
more willing than ever to settle their
accounts without unnecessary delays
h me reason there Is such inactivity in
neaVy mining machinery IS because
mere Is little or no prospecting in
smaller properties; only the llenvier
mines are really doing much. How
L e'er IN general mining supplies the
market is very fair. Tho harness and
addlery branch of the hardware bust
ness Is reported ms good.
LUMBER.
The lumber trade reports compare
lively little doing III the city. but con-
sderablc outside. There Is no change
~ Prices. Dealers report a worse con-
gStion than ever In shipments, par
lsGiarly between Huntington and Poe
alelio, where cars OF lumber are side
utaShed LOT lrult, grain ana IlEe stock
shipments, The cement factories arc
acclinuating stock as the cold weather
approaches, SO they are able now to re-
sond quickly to any demand.
WHOLESALE DRY GOODS
The local wholesale dry goods trade
reports business fair, With prices on the
upward trend in cottons. Within a
comparatively brief time Wholesale fig
ures have advanced & to 1b cents per
nair IN cotton blankets, while in can
,oN iannels ana similar staples prices
nav, nav not been backward about coming
As 70 the general market, jobbcrs say
WY y IS broadening, with general lines
~, stables being bought, both manu-
aa.uters ana wholesalers showing con-
,h us'ce. Where prices have been below
nv NV cost OF production. they arc cx-
d svsted 70 rise shortly TO n moro pro-
vs ansve iigure. Bleached goods IRE ad-
IN ueanG. With drills and sheetins SELL
h hs wen. Business on wide sheetlngs
H Das peen Increasing, with price adj
-S ,aa, being looked for. There Is
meMilar condition In the printed fabrics
3ssl ' Net' narrow standards not being
s4tFH 100