Show SEES RELIEF AHEAD Money Required to Move Sugar Beets Will Soon Be Restored to Circulation CONDITIONS NOT ALARMING BANKER DANKER THINKS MINING STOCKS ARE ON BOTTOM Tim The financial problems now vexing the cast east and causing alarm In trade circles all over the country will soon be solved in Salt Lake and Utah so that there thre may maybe maybe maybe be no need for worry over the prospect at the tho present time This in brief briefs Is the opinion of 01 W V S McCornick one of ot the closest observers of ot financial affairs In Inthe Inthe inthe the country Mr McCornick points out that a relief in the situation will come with the moving inS ing of the sugar beet crop in the th inter intermountain intermountaIn intermountain mountain country within the next few weeks In the east the relief will not be felt so soon because of the fact that it take longer to move the wheat crop which is now new tying up much of the avail available available available able capital The fluctuations in the stock market in ta Ills his opinion have but little effect on the financial condition of ot the country He calls attention to the fact that a year ago when the money mone market was exceedingly close almost all stocks were soaring far above the normal price If It anything Mr McCornick thinks that the depression In Inthe Inthe Inthe the stock market tends in a measure to relieve the money market since it takes less money mone to carry carr the stocks at their present value than at the Inflated prices placed on these securities some time ago The reason for the present situation with Uh reference to the financial situation of the country countr said Mr McCornick is that there Is not enough money mone in the to handle the bulk of business that is be being beInA lug ing done In the past few years year every lino line of business has been enlarged and ex cx extended extended tended to meet trade conditions In many Instances additions were made to the cap capital capItal capItal ital Invested In the enterprises the addi additional additional additional business being handled with bor hor borrowed borrowed rowed money monc This has ha been done to such Ruch an extent that money has become a scarce M commodity Conditions Not Alarming Conditions in the financial world to today todar today day dar even In Wall street which is almost always the scene Beene of 01 more or less financial unrest are not alarming In spite of the stories concerning affairs Wall raIl street and other ther parts of the country countr have been remarkably free from business failures Salt Lake will be among the first to feel a relief from front the inconvenience of the present conditions It will take some to move moe the sugar beet crop but butin butIn butin in a short time the returns will be com corn coming comIng corning ing in from this product and the money mone received placed In circulation Much the same condition prevails In the east save that In the east the capital Is tied tlell up in inthe Inthe inthe the moving of the wheat crop and it will willbe willbe willbe be several weeks before the money so di diverted diverted diverted can be returned to ordinary chan chanAs channels channels nels As to the mining stock market it seems likely that the advance In prices last year ear 1 was due to an unnatural inflation of the stocks and that the was duo due to tho tim resumption of normal condition and the drop in the price of metals The stocks are practically at the bottom now and I do not look for anything other than fractional fluctuations for some weeks After that the advance will be more grad gradual gradual ual than hitherto The outlook in Salt Lake for a good fall business is excellent The business conditions In Salt Lake are such that Us Its present prosperity will scarcely be affect affected ed by any an flurry In the money market |