Show fl y 1 i F ANOTHER CUT > d a I 4 THE HERALD knew that it would irl iij come and endeavored impress the J I U r fact upon merchants and traders 1 We refer to another freight cut Ir i Yesterday it was announced to merchants J mer-chants that until further notice the 3 f jJ Y rate between Missouri river points I and Salt Lake would be 25 cents per 1 i ti i hundred pounds without regard to it r ° classification or a drop of 50 percent j per-cent of the late extraordinarily low f rate When the other cut came we 1 ° did all we could to restrain yl = merchants ° qi r 1 f mer-chants from losing their heads and tj I t E rushing in goods as if their lives s I 41 1 and fortunes depended on piling up J ji F r enormous quantities of merchandises = merchandise-s I tiJ i before the railroads should agree to j i pool and put uo prices Despite PM r j the caution many dealers seemed to go mad and the result is seen in I 11 1D r the too genera > overloading on the l j f part of small retail dealers There h are more goeds in Salt Lake today 1 iHI than at any time in the history oft of-t i t the city and these stocks were 1 r Ji brought In on a dull and declining Ml market Eastern dealers are not interested in the commercial situation 1 situa-tion out here except to the extent i If t of getting pay for their merchandise F 4 r 1 merchan-dise and this they will expect to ret re-t iI iF i ceive when the sixty or ninety days i r paper that they hold becomes due Itis nothing to them that there is no sale for the goods which remain onT on-T 1 shelves and are stored in warehouses J it i If merchants have overstocked it is J j 1 r I their affair and not that of their Viil it eastern creditors That all these ff 1f goods will be sold in time to meet I r the obligations of local merchants m is out of the question Extensions l ff must be granted in some instances j l f or there will certainly be wrecks I We hope none of the latter will t 1 r occur rav j j To make matters worse the railroads Jf t rail-roads have made another cut and r f some who are already overstocked oj b Q J may think they will have to buy R i more in order to make the average goodor to prevent others obtaining 1 i an advantage of them If former J i extravagant purchases were unwise j i AI it would be doubly foolish to go in t again for this would only intensify + < i t 1 a matter already bad enough As i ij i we have before shown only a certain I cer-tain quantity will be consumed no i + t > i Y matter what the price and all above r that amonnt must prove a loss to the i r holders i r i t 1 r i1 j 1 There is reason to believe J be-lieve freight rates will be x even lower than at present before i i L f the railroads adjust their differences IH 1 lt i and enter into a pooling arrange M fei i 1 1 meat Some who are in a position rj i j tf a IJ t to judge express the belief that the 1 i rate will get down to 10 cents per < 4 J t hundred in which event the mer t 4 t 11 chants that have gone wild over the t iF cuts will want somebody to severely i + J 3 kick them for their thoughtless 1f I ti 1 haste |