Show REDUCING iNTEREST RATES Salt Lakes Banks Now Loaning Money Generally ONE SIDED WAS IN FLOUR CACHE VALLLY MILLS ARE STILL HOLDING OFF Sugar Advanced on the Ketail Counters Coun-ters and Other Chanpres 3Iay Take Place at Once Live Stock Shipments Ship-ments Arc Increasing Call Issued For Territorial Warrants Soldiers Sold-iers Paid For October It is estimate by conservative bankers bank-ers that tine surplus of the banks of this city whlcli could be loaned without with-out encroaching upon the necessary re tentions is something over a million dollars Tbs money is now held for Investment and in order to meet the competiUon brought about by the influx in-flux oC great sums of eastern and foreign for-eign capital material reductions have been made in the per cent charged for interest by The local banks Salt I Lakes llnaticial institutions ares now I loaning money at from S per cent 10 10 per cent all depending upon the class of the security Giltedged collarcral can easily secure all the money nfccs I sary at the firstnamed Date Ton ti fone or at least since the commencement commence-ment of the panicthe banks nave been enlarging even their customers 1 percent per-cent per month and the easing up whlcih everything is now experiencing I aids the borrower greaitly and is sum Tilatlnir industries and enlarging investments i invest-ments The reduction in the interest rate involves in-volves of course a more careiul gru I itiny into the character of the colaicrdl j l offered and also into the Commercial standing of the applicant for Itlier regular reg-ular or special accommodation None of this 5s resented for marrhis are now so close that every item count anl jt is necessaTy for the loaner to rave cv J ery loophole guarded Local representatives of eastern and foreign loan Companies are oiiig a splendid business and some big loans are in course of settlement |