The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-15
BANK C[EAR|NGS
SHOW BIG GAIN
Record for Week Is an increase
of More Than Forty
Per Cent.
TRADE GOOD in ALL LINES
IDAHO FARMERS HOLD BACK
CROPS.

With bank clesrings Cor the past
week showing a gain of more than 40
per cent. or total Of S2.45e,7 81
excess over 5he corresponding day last
year, there appears To- be q return OF
good business conditions Jhr lughout
the state. Total bank clearings for
the week were SS,565, 256.71, as com
pareo with a total Of 5000, 550-0S for
the corresponding week year ago.
Bank clearings for Saturday were ST.
3SS,S4S.46, as compared with a total
OF $876, 310.97 for the corresponding
day of 1909 The gain In this case
was S512, 537-51. or an excess of near
Iy SO per cent over the showing Of the
previous year.
Business conditions here are very
much better is the remark made last
week by one of the leading financial
men Of the city. "All Eues Of trade
are picking up from the slight deprcs-
sion of a few weeks ago. and condi-
tons promise to be excellent during
the coming summer. There appears
to be q slight loosening Of the money
market, although the demand is still
heavy, and it is reported that some of
the financial concerns are recalling
their loans
''The wonderful thing about the
whole situation here Is the fact that
practically all OF the money required
is for legitimate enterprises In sharp
contrast to the conditions here. ap-
pears reports of business men recent
~ returned from the east, where it is
said there is a noticeable tightaess in
the money market, md a demand
which seems hard to supply"
In salt Lake realty transactions dur
ing the past week have shown greater
activity than number of weeks. and
dealers generally report better cOndi-
items generally. Building activity con-
tinues heavy, and there has been a.
picking up all along the line in trade
circles.
Business Much Better.
Reports from wholesale hardware
dealers Of conditions in Idaho show
that people there are active. Collec-
lions appear TO be little slow. how
ever, especially in Idaho, due, It IS
said, to the fact that many Idaho 20
tato growers are holding back their
crops for high prices and thereby les
sen1ng the amount of available cash
for the payment OF bills.
The fact that many Of the woolnen
are holding back for higher prices is
said to increase the tightness Of the
money market in that locality There
IS good trade in general lines. es-
pecialiy those which belong esssntiaIlv
TO the springtime. Lawn mowers. wire
screen windows. hammocks anJ small
implements for use in gardening have
formed large part of the trade.
LumbermeG report trade excellent
There is slight tendency to weaken
IN flr timber, but cement and other
building materials are strong. Factc-
ries for the manufacture Of cement are
running day and night, and there an
pears 10 be no indication of a let-up
for the present.
IN wholesale drygoods there hes
been practically no change from rhe
quiet condition Of last week. Ruvers |
are purchasing in small quantities |
only as they need the goods. Jobbers
report that in many cases stocks have
been larger than they should be. and |
there has been in consequence a slack
enlng In the mill output.
Fluctuations in the weather. have
caused q varying demand. and o,,.et-l
ness In most lines with a fairly good
trade IN spring goods when the wea-
-ner conditions demanded ligftweiRhfs
ana almost condition OF stagnation
when cold spell occurred. On thai.
Faole, however, tie retail trade has
Oeen good, and many of the stores re-
port a considerable increase over the
amount Of trade of last year. !