The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-06-26
BANK CLEAR|NGS
TAKEREAL SLUMP
Weeks Business In Salt Lake
Shows Decrease of More
Than Million Dollars.
STAGNATIoN NOW LIFTING
CONDITIONS OF RECENT DAYS
WILL CHANGE SOON.

There has been a decided falling of
in the financial world the past week.
the Salt Lake bank clearings for the
week ended yesterday showing a de-
crease Of over 100000 over the cor
responding week last year. and as
against decrease the preceding week
Ct over SSOO.OOO over the correspond
ing week in 1909.
The salt Lake bank clearings for
last week amounted to S6.122, $3.50,
as compared with S7,319. 561.19 for the
corresponding week last year, a de-
crease for last week Of $1.197, 103.29.
The clearings for yesterday amounted
to $S95,974.16. as compared with ST.
061, $50 for the same day Of 1903.
In spite OF the decidedly tight stu
alton OF the money market and the
fact that few loans are being made,
salt Lake financiers and business men
generally do not look for any great
slump I'm the money market. They at
tribute the tightness TO the heavy de-
mand for the movement Of wool and
early crops, and the inability of the
banks to take care Of the heavy
drains.
The indications, bankers say. are for
a decided Improvement within the next
few weeks. possibly by the latter part
OF July or the first OF August, and in
the meantime they will endeavor to
get along as best they can under the
circumstances.
Realty Market Better.
Conditions I'm the real estate mar
ket are somewhat improved over the
past two weeks, and while there is
still a "lull'' in the market. local deal
ers look forward 20 vastly changed
III
ing the past week there was consider
able activity in real estate lines. a
number OF gOOd-sized transactions be-
ing reported. There were no very
large sales. but the sales made were
all healthy ones.
The firm of futile Bros. reports that
II has deals in prospect aggregating
$4,000 or more. on all Of which some
deposit has been made. but the final
details not having been completed.
The real estate men have been COM
pairing notes the past few days and are
unanimous that the conditions Of the
past few weeks are by no means I'M
common for Salt Lake. As a matter
Of fact. the business Of several firms
the past week was decidedly greater
than for the corresponding week for
several years past They all look for
ward to a brisk fall and winter. and
eAt NNAAAMthA AiaA the year JUSTICES
will be away ahead OF that Of 1909.
JObbcrs Continue Busy.
There has been little material
change in the wholesale dry goods
market the past week. but somewhat
OF an Improvement is reported in the
retail line. Wholesalers report job
| lots going out in small way. with buy
| ers ordering only for immediate needs
| In the retail market the call is for ths
usual seasOnable goods. sales being re-
/ ported rather heavy In such lines a.
shirt waists. silk gloves. embroideries
| parasols. perfumes, toilet articles and
/ novelties
In the lumber market conditions
continue the same as for the pas
week. shipments are coming along in
7 good shape. and the demand continue,
/ steady and satisfactory Cement is IN
I greater demand than ever before.
1 Hardware merchants declare juno
/ TO be a record month for them. Sale
are keeping up very nicely and collec-
/ tiOns are improving