Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-09-17
MARKET APPEARS
TO Be At A HALT
Local Stringency in Banking Cir
Giles Relieved by Loans
Placed Privately.
TRADE WAITING ON CALENDAR
with the Opening OF Fall Business
Merchants Are Expecting Good
Run of Trade In All Lines.

The financial situation shows consld-
erable Improvement during the week
,ust closed Money appears to be in
better supply. with decided relaxation
in its stringency. An unexpected
source Of supply developed in the hands
of private individuals who loaned their
money with great discrimination, re-
ouiring unusual margins OF safety and
stiff rates of interest. This relieved
the market, in fact proved to be a
marked benefit. Reports from all kinds
Of agricultural operations continued to
indicate satisfactory conditions. The
shipment of fruit from Utah Will agsre-
gate heavily, at fair prices. Then there
are being a large number of lambs and
sheep feeders shipped on account Of
fockmasters not desiring to take too
much risk because Of the ranges being
depleted from the drouth
In the country at large the banking
situation Is sound, but business seems
10 be still hating. II not stagnant. The
political agitation continues to disturb
conditions, and bankers say the hope
OF the country lies in the peoples re-
fusing TO be frightened by the various
maneuvers being INDUCED in by poll
crows can do them no harm. The local
hank clearings continue behind those OF
last year.
HENRY CLEWS' LETTER
Henry Clews in his weekly circular
letter says;
Wide observation proves the situation
TO be much sounder than at any time
during the last eight months The
most encouraging factor Is continued
good crop weather. Corn. the pivotal
crop, has been making excellent prog
ress, and the outlook is now for a
bumper yield, the only danger being
that the season is fully two weeks or
more late. Cotton also is doing better,
but likewise has TO contend against
lateness of the season. Indications CON
tinue TO point to n money value in crops
about equal to that OF last year. or
S. 100 900 coo When II Is remembered
that this sum is greater than the cap
ital stock of all the steam railroads in
the United States combined the ire
mendous Importance OF good crops as
an element in. our material prosperity
can be readily appreciated.
The general business situation Is i'm
proving Trade IL quiet and being con-
Quoted on much more conservative lines
than year ago--a policy which is like
ly 10 prove helpful and result in larg-
or and sounder activity later on There
Is still some timidity in business circles
over uncertainties which have already
been discounted In the stock market
put I'm due season these Drawbacks
should gradually disappear As soon
az liquidation In commerce and INDUS
try has been as thorough as In finance
there would seem TO be little reason for
delay in business revival The three
great commercial nations OF the world.
England. Germany and Franco-are
still enjoying a high degree of pros
perlty. In all three countries. and es-
pecially England. both domestic and
foreign trade continues upon n large
scale without interruption. There is
no lasting reason why the United
states should be the only great country
where depression prevails: but such ia
the fact This country has been sufYer-
ing from past excuses. For eight
months at least, II not longer we have
been paving the penalty: vet as long
as activity continues abroad Il IS rea-
sonable to hope that we. too. should
regain our share.
HARDWARE
The hardware trade considers tho
outlook encouraging, with sales CON |
SANITY improving. Shipments are