The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-08-14
CROPS Controlling
FACTOR IN MARKET
financial Outlook Dependent
Entirely Upon Products of
the Soil.
IMPROVEMENT LOCALLY
SUMMER TRADE WAVES AND
FALL BUSINESS COMES IN.

The financial conditions of the past
week We're somewhat improved over
the previous week. There Is still, how
ever, the usual dullness which comes
with hot weather. The favorable re-
ports which are being sent out by the
United States department OF agricul-
ture on the crop conditions and the
sheep and cattle men on the range
conditions have frightened up the
financial conditions. The reports sent
in by the farmers from all parts Of
the west are 10 the effect that the
weevil which destroyed the first crop
OF alfalfa. has disappeared, and the
outlook for a full second and third
crop ie good.
The fruit men report especially good
crops this year and are securing good
prices Tor all varieties.
The hardware trade for the week was
practically the same g IL was during
the previous week. The dealers re-
port greater activity in heavy machin-
cry trade, which has been unfavOrable
since 1907
The lumber and cement trade was
somewhat slower than during the pre-
Nlous week The demand for building
lumber was not as great as during the
past week and the cement business has
fallen off so that the dealers will be
able 10 catch up in their back or
ders. Heavy trade in cement is ex-
pected again in the fall.
Local Conditions Quiet.
The wholesale drygoods dealers re-
port local conditions rather quiet. The
great bulk Of the fan and winter goods
from eastern shippers is now being re-
ceived and put in stock. Jobbers re-
port a slow gain in demand for all
goods during the week.
The retail drygOOds dealers report
conditions as being good Tor this sea-
son or the year. Most OF the dealers
are closing out their summer goods
winter stock. The first show OF fall
millinery was made yesterday. The
styles are running to the smaller styles
ana especially 10 the turbans.
CIews ON Crops.
Henry Clews has the following 10
say on the present crop conditions:
For several weeks to come the
crops VIII be the controlling factor in
both business and financial circles
AT present the outlook is not eminent
~ satisfactory. The country needed.
more than anything else, bumper
crops. only one crop promises to reach
expectation, and that is corn. The con-
dltiOn OF cotton is exceedingly low,
and the present outlook suggests a crop
OF not more than L, 600, 0O0 bales which
Is inadequate for the worlds require
ments. considering last years short
age The output of wheat seems TO be
~
but at best nothing more than a fun
average crop can be counted upon.
According TO present indications. the
farm value OF our cereal crops, based
upon the latest government estimate,
should be about $4,000, 600 600. This is
slightly in excess OF the actual farm
values reached last year. and is due
almost entirely TO the promising out
look for corn, the only important crop
promising a record yield There is
much encoura cement in the fact that
this all-tmportant crop looks so Well
Roughly speaking, IL amounts TO about
one-quarter Of our total agricultural
products, and enters into so many de
partments OF commerce and industry
that IL is by far the most important
single element In our national pros
perity Should We raise 900. 900 600
bushel crop WORTH about 81, 600 900 600
10 the farmers. this will do much to-
ward checking any serious business
reaction. on the other hand, even par
tai failure OF the corn crop might in
Nlte serious consequences. Another
four 10 six weeks must elapse before
corn Is fully made. Fortunately, the
latest reports are very favOra BILE for
a big yield. Wheat, too. has been show
ing marked recuperative powers from
previous damage. All things consid-
cred. the crop outlook is mixed and
might be better, but still contains some
features or positive encOura cement.
Bank Clearings.
The hank clearings for the second
week OF August. 1910, show a falling
off OF s1,510.9S0.0O for a similar period
in 1903. The clearings for the week
ending Aug. IS are;