The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-24
OUTLOOK At CLOSE
Of YEAR BRIGHT
Story of Weeks Business as
Told by Bank Clearings
IS Pleasing.
LARGE INCREASE SHOWN
Feeling That New Year viii
See Further Revival IS
General.

The feature Of the local financial
world during the week was furnished
by the heavy Christmas shopping. IN
der the impetus Of which every bank
ing house in the city Scooped IN
a flood of extra cash. The result was
an easing OF the money market TO the
point of overflow. Cash was plentiful
and the demand increased correspond
ingly, leaving little 10 be desired In the
way OF favorable conditions. The
quickening business pulse was felt in
every quarter and all classes of deal
ers found much OF hope and promise in
the roseate situation.
Bank clearings for ths week, show
ing more than = million dollar increase
over those of the corresponding week in
1910, gave the stamp of genuinepess 10
the general feeling of optimism. The
total for the week was $3.50 ,526.91, as
compared TO s7.49I ,304 63 IN 1910.
while the days clearings yesterday
were S1.1l6, ,509.o9 as compared 10
S94l 1855 for the corresponding day
year ago. The heaviest days clear
iugs will come Monday, when tho re
suits Of Yesterdays avalanche Of trade
will be known. The bankers pointed To
last week g clearings as a strong indica-
tion of the rapidly climbing financial
barometer, but this weeks clearings
overshadow them by total Of more
than Sl50,00O.
Prospect Is Bright
The first Of the year il confidently
looked forward 70 as the opening of
new chapter In Salt Lakes story OF
wonderful progress The demand for
money, which has been increasing stead
ily each week, is expected to grow to
big dimensions with the beginning of
the new year, owing to the extensive
programme OF building activity that is
already laid out for the carly spring,
Added to these local indications Of
improvement comes the report from no
less q source than former Senator
Thomas Kearns that tidal wave Of
business revival Is sweeping outwards
from New York In every direction and
will reach this section before MANY
days. Senator Kearps has Just re
turned from a business trip through the
cast and has been in contact with the
highest sources Of business activity. He
reports that a tremendous flood of or
ders Is pouring INTO tho great manu-
featuring and jobbing centers, sweep
ing away all feelings of distrust and
uncertainty. Money is plentiful, so
plentiful in fact, he says, that where
the demand was met with shout half IL
called for several months ago, the big
money lenders are now offering more
than is solicited
Foundation Is Solid.
Other reports from the east are en-
tirely consistent with the opinions OF
Senator Kearns. The world has refused
to stand still despite political interfer
ence with big business. II is generally
agreed that the foundation OF prosper
itv throughout the country rs well laid
and regardless Of political agitation
things are settling TO a normal state.
The great railroads are furnishing
further proof of mending conditions.
Transportation facilities are overtaxed
already and the tendency towards in
creased production and activity fs ap.
parent in all quarters