The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-25
WHY THE NATION
SHOULD REJOICE
Look Ahead for the New Year
Is Optimistic TO Fullest
Extent.
ALL TRADE IMPROVED.
Big Business Interests Are
Eager TO Expand in
All Directions.
ALL TRADE IMPROVED

AZ tho year arproachrs close there
is tendency an the part Of business In
isrcSts 10 hold off on active operations
until after tho inventory period. Traffic
managers OF tho western railroads find
this to bo true In almost every locality
snc they have sounded the general situs-
tlon pretty closely In spite of the Ions
period of so-csllod depression IL may
nc said that business interests have
long been ready 20 expand and would
have done 30 had II not beer Tor the
pessinism which hai been cpEendered
by the fact that after many Ncsrs Cf
apparent laXity tho government has
'aEcn y real Interest in corporate AZ
fairs. For several months tho fins ucial
and corporate interests haSc hold al"pr
20 watch the outcome. The result Was
husiucss hesitation. accompanied By the
IIsusl calamity Nail of speculative inter
of ne best securities the country ar
fcrds. Back of all or this. however.
all of the resources OF the country are
in splendid condition. says Financial
Al an. present time there is n tendency
10 feel that the situation T. not nearly
80 bad e. had hocn pictured sud TN"
belief sAIsis that iu spite of the unfs
,orable factors. such rs tho political
strlfe and pcssibly more governmental
regulation, the coming scar VIII provo
ness interests had generally anticipated.
New Securities.
The railroads sVc already issuing n~w
securities to cover improvements and
oetterments during the coming wear and
there IL every likelihood that manufar-
turing projects will be stimulated ny the
requirements Of the transportation com
nani"s. 81 this time this condition has
been reflected IN th" iron and steel trade
10 copsidera bl" degree.
IL. t.a aVf,H oil linz l. gatl
on hand nd-i"-mou,h basis, railroad Of !
ficials. bankers aud merchants declare
ths, thor" l. no accumulation of manu-
Cactured stocks IN the interior which ac- !
counts for tho frequent buyinE 1T dis |
;-ibuting points by merchants cndeaVor- |
ing Ia meet tn" requirements Of the |
agricutur. sections OF the country. In |
this respect u Ia important TO note that |
tho dry goods trad" Is rcry active at this |
lime ~ tlie year. moro than II has been |
for several years previous, and that lhe |
taken rapidly. This Z. taken 70 mean |
that there is yery strong buying pow |
"r ~ the country which Is not being cur |
tailed hy tho lingering hositanrv In IN |
dustrial and mercantile circles II also !
means that the political situation Is ne
ing partly ignored at least. aud bankers I
and railroad men belicv" that II viii re-
main strong enough to keep factories and |
industries active enough To keep them |
close 10 normal outputs before long. Tho
same is true or the clothing trade and |
found that seasonable activity snd |
satisfactory sales have been report ed |
during thn past week.
Western Money Firm.
Throughout the west the money mar
kAt Is displaying "A stronger disposition.
which is usual at this season OF tho |
wear. znd bankers arc hoping that dur
ing the coming month tho condition viii |
remsin. There is. however. a large sup
ply of funds at the banks in tho reserve
centors and no trouble will be found for
time 10 meet tho requirements OF all !
~ reasonable rates. according TO the
point 10 the fact that the railroads are
active In the way Of providing new
equipment and there Is liberal amount
Of grain being handled which will have
stimulating effect on the money mar
kct There Is distinctly better feel |
ing among investment bankers and bust 4
ness Ia showing nm upward tendency
There has been heavy buying Of pig !
iron in the western iron ard steel trade |
and continued Improvement in finished |
steel trade were the salient features
departments continued 10 show better
ment on account OF the large amount or
building going on. still this Is the mac
tive period FOR this kind OF material,
There Is seasonahle movement OF
coal and the lumber trade II IN fairly l
healthy condition Colcc tions in all di- |
rsctions Hero reported fairly sstisfac
tory.
hallIOduS Gdlnlng.
Railroads operating eastward from Chi
~sso and ST. Louis showed further gains
last week. the aggregate being III the |
eighborhood Of 10 per cent over tho |
same period last year. The feature ~
the eastward business on the leading
lines was the movement OF grain. Other !
commodities. however. made ssiisfactory
Improvement. but TO "A certain extent .
this showed the closing Of navigation
and the consequent diversion Of lake ton
mage To the al-Tali lines.
There is slightly better tone TO tho
industrial situation in the sections COZ
cred by these roads. although the AK
grsgate OF new business has not yct as
sumsd normal conditions. Traffic Of
ftcialS are In au optimistic mood over |
the outlook The westbound movement |
of freight - NOW running about even
With the same time a year ago. Cen
cral nlerclis ndise. including holiday
goods, is making up good aggregate.
Officials OF the southern lines report n 4
little better business in both directions
auS especially in the passenger DEPART