Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-05-21
WEEKS BUSINESS
CENTRALLY QUIET
sair Oemad for Money, With
Rate n Western Farm
Loas Marked Up.
MUCH DEPENDS ON CROPS
uard,vare and Cement Trade
- rumber and Dry Goods
Nothing Boast VI

,,s beeu an unusually quiet
IN money circles. practically
t.,,ureless. though the demand fo'
enc, continues fair. However bank
,,g men say thesSy Of finance Is clear
a. some eminent on the remarks
.s,ern btnker relative to farm
iosrs The later says
.rocol banks including our own,
,oro marked u, the rate on farm loans
s,iioving tine advance Of per cent
- 4 oer cent iosls by the Northwest
~, fifs and other Insurance com
rsnles. For some dime we eogerr
so,gbt this kind Of business, but
enaUy found ourselves pretty wen
@0ur idea 81 advancing the rate on
farm loans vas not 10 check land
specuIation 50 much as 70 keep the
normal proportions Of our business IN
TACT We were being swamped with de
,rands from the country for funds.
~rhere may have been excessive
e,eculaton IN land in some sections Of
ne west especially In new areas and
irrigated lands. but our own experience
bas been that the farmers who borrowed
money put It back into their own land
IN one form or another. They bought
new machinery. i've stock dairy and
poultry facilities and so on. thus in
creas.ng the productivity Of middle
western farms"
CIEws LOOKS TO THE CROPS.
Henry Clews IN his latest circular
letter says.
The outlook in this country depend
chiefly upon the crops Thus far the
outlook IN this respect is satisfactory.
Some damage was done by recent uu-
favorable weather, but only in spots,
and the injury was much exaggerated.
should the results Of the crops reach
IS 800 900 600 10 So 600, 900 600. as Is now
PREDICTED. good times for the United
states will be continued. Possibly our
farmers may not secure quite as large
profits IN 1910 as in 1903. owing to the
declines in commodities: but this mar
Gin has been unusually wide. and n
moderate recession Will still yield the
agricuturIst good returns. at the same
time affording some relief TO the con-
sumer who has been compelled TO pay
inordnately high prices during the past
year. Il is true that western bankers
show a more conservative spirit than
was anticipated a month ago. and
somewhat higher rates of money are
expected to prevail at the west in con-
sequence. Nevertheless. money will be-
fairly abundant and easy until the new
crops begin 10 move. which will no
about Sept I Should the crop outlook
continue satisfactory. business is sure
g. revive later on and there is as yet
no reason for taking any but a hopeful
view regarding the future. Before long
Congress win adjourn, and the country
win then have much needed relief from
ihe too frequent attacks upon business
which emanated from that quarter.
HARDWARE TRADE LOOKING UP. !
The hardware trade reports business
good, particularly I'm the saddlery and |
harness line There IL also a strong /
demand for heavy hardware such as
bar iron. steel wire. wire fencing.
poultry fencing. builders hardware /
rom out Of town points. etc. How
ever In the city the demand for build
ers' hardware is not so good. sporting
goods particularly baseball goods, are
excellent sellers. with automobile sun
dries. The heavy machinery market
Is looking up, and IN this connection
10 is Interesting 20 note that mining
machinery which has been n the SLUMP |
I
something may be expected in this line
ilght away As to collections. however.
ms phase of the trade is referred 10 in
oated breath" But there Is a dispo-
ZION 20 hope for the best, 20 look for
better things later on
LUMBER A LITTLE QUIET
me lumber trade reports a very quiet
week Ike the money market How
ever, the car shortage seems 10 have
,osel' with cars arriving on good
.,ne ana delayed shipments being
feared up. with promise Of there be-
ls no more delays There are no
.nangos In prices On any OF the branch
: OF the trade. The demand for ce-
menu remains the same. with orders
l" as difficult TO fn
DRY GOODS sPOTTY.
Inc Wholesale dry goods trade reports
= u'aclhg IN the cotton market due 10
le snort supply in the wool crop-that
y ,ne wool crop within Immediate
'''n' There is wool enough In the