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Show SOUND F11HL MARKET HUES Salt Luke Bankers Note Steady Improvement, Which Is Likely to Endure. HEALTHY LOAN DEMAND Borrowers for Legitimate Investment In-vestment Find No Difficulty in Getting Funds. The improved condition of the local financial situation continued favorably during the past week. Although no special features marked the' week's business, bankers unanimously agree that, a betterment of the market is impending im-pending and see good times ahead. Ono of the significant evidences of improvement is found in tho clearing house roports, which for the past several sev-eral weeks have shown a si.on.dy increase in-crease in tho wceklj clearings over those of the corresponding periods in 10J1. Tho total clearings for tho wook just oudod amounted to $7,7 M,0O;i.2D, ns compared with $5,513,581. SS for the corresponding week last your. This is an increase of $",196,321.4.1, which is conceded to be a record worthy of no small note. Tho percentage of increase in-crease in this city has ranked closo to tho top of the list of cities throughout through-out the country for some time, and shows thnt conditions here compare most favorably with those existing in other large communities. Healthy Demand Noted. A lively demand for money by reputable rep-utable borrowers for private, business and investmont purposes was recorded during tho week. The banks had ample am-ple funds to supply this demand. It is conceded that tho conference crowds had a groat doal to do with increased circulation and financial uCtivitj' within with-in the city proper. "Reporta from over the stato indicate indi-cate much bettor possibilities for the year than have- horetoforo obtained and the cntiro intermountain country seomB to bo in a more prosperous, optimistic mood than for many months. Tho lato precipitation, which has boen more or less gcnoral, has filled the farmers with high hope, and bumper crops are now expected far and wide. Banks Are Merged. A special feature of the week was the removal of the Utah Commercial & Savings bank to tho Utah State National bank, which represents the merged institutions of tho State Bank of Utah and the Utah National bank. Tho savings departments of both the Utah Commercial bank and the Utah National bank have- been absorbed by 'Aoh'b Saviuga Bank & Trust company. com-pany. Tno official roBter of tho consolidated banking houso will probably bo decided upon within tho next ton days. Reports from the cast indicate progression pro-gression and promiso a bottor year than was looked tor. The increase in the output of the Unitod Statos Stool corporation cor-poration is always taken as an index of tho general flnanoial condition of the country, and this certainly points toward to-ward bottor times. |