Salt Lake Tribune | 1912-04-07 | Page 26 | Salt Lake Bankers Note Improvement

SILT LIKE BIKERS MTE IMMEMEKT Week Has Proved One of Most Encouraging; Periods ' for Months? LOAN DEMAND IS MET Ample Funds Available for Legitimate Investment; Conference Beneficial. The general condition of the local financial world continues to improve, last week having proved ono of the most encouraging in a long time. The supply of moiiey, according to hankers, was more than suflicicut to meet all requirements. Circulation was freo and the loan lists for investment purposes lengthened considerably at. the usual rates of interest. -A noteworthy feature of tho week was a marked demand for legitimate loans from outside points not only in this state but also in the whole iiiter-mountain iiiter-mountain region, showing the importance impor-tance of Salt Lakers financial institutions institu-tions in tht industrial and commercial character of t.lm west.- It is conceded that money was easier during the past woek than for sonic months previously. Conference Has Influence. Conference visitors also bad something to dp with the betterment. Increased trading at the retail stores put more money into circulation, while many fanners secured funds for various outside out-side projects. Tho recent rains, do-claro do-claro tho visitors, have left the soil in most sections in excellent condition, forecasting bumper crops. Stockmen are in high spirits over the range outlook. out-look. The building season has openod auspiciously, aus-piciously, according to bankers, who declare de-clare thfit. a great number of property ownors have applied for loans for building build-ing purposes. "Building lots, especially, arc in heavy demand, and money has exchanged hands freely in this line. Bank Clearings Increase. The week's bank clearings wero more than a million Mid a quarter in oxcess of those for the corresponding period last year. The clearings for tho month of March showed a gain of por cent over tho corresponding- tiguros lor tho samo month in 1911. This increase is much greater than that shown for the corresponding period, by any other western city except San Diego. Gal. A matter of local interest Is the coming com-ing transfer of the savings department of the Utah National bank to Zion's .Savings Bank & Trust compan'. Tho merger of the State Bank of Utah and tho Utah Nationril bank is also drawing draw-ing near. Keports from the east indicate improvement im-provement and optimism. The condition condi-tion of the stock market is pointed to as reflecting present and prospective betterment, and a brighter future is anticipated.