Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-04-08
WEEKLY FINANCIAL REVIEW.

Henry Clows, IN his report for Tn,
week ending April I, 1891, says that
The point has been reached on which
expectation fixed m the beginning ol
the recovery IN the stock market.
The decline caused In stocks ny the
panic, has not been recovered 10 mn
extent corresponding TO their intrinsic
merits.
The month Of April has n traditional
reputation for favofing "bull' opera.
lions. II is the time at which currency
begins TO fiow from the Interior banks
10 their New York agents, To rect there
until the crops have been
harvested and money IL. needed
Tor marketing them. This season
To always favorable for "buli' cam
paign. II has seemed impossible that
this ACCUMULATION OF money might he
checked by liberal expectation VI
gold tut tho present courss Of the for.
clgtfexchhnges dlscournges the cxpcc.
tatlon Of large shipments, for the pres
cnt, Mt least In some quarters there
has been. mn apprehension that the
nfter-e1ects Of the financial troubles In
Brazil aud the Argentine Republic
might force London to realize upon
some u its American securities; but,
on the contrary, British investors seem
more disposed 10 buy than TO sell our
stocks. The Italian money market has
passed through n sharp crisis owing 10
Argentine dealings, but the markets
Of London aud Paris were not affected
In any way by the Italian scare.
Henry Clews further says;
$50 far rs respects conditions at home,
the outlook, n not positively onoouRg.
Ing, i ut least free from any threatening
conditions. Tho railroad situation Is iu-
proved, Il not by any general recovery Of
mtos, yet ut least by moro moderate coun-
solsamong managers, BY tho absence OF
reckless "cu,ting," by moderate gains
upon Tie large gross earnings Of last
year, and by a moro considomlc a,tltudn
Of State Legislature aud state Commits
sloncrs In tho granger sections. Any
general advance In rates liz not 10 bO OK
pccied under the proseil light forwarding
Of wheat and corn to tho east, but II 10 a
good symptom that, notwithstanding this
deficiency Of gfain freight, rates are NO
steadily maintained. rho movement
VI merchandise, however, IL OF
healthy dimension; 40 that although
the grain recclpt- "a, tho sea-
board for January and February /
were ten million bushels less thAn for nho |
Same months OF 1851. yet the general |
traffic ~ the roads ha. exceeded that ~ q |
year ago by about i've per cent. Tho
condition Of tho winter wheat crop Is, Tor
tho mos, part, unusually encouraging,
aud tho prospects ARE 40 far good for get
ting In the spring crops under good con-
dition-."
There Ia nothing In tho present sltua-
tion to encourage selling stocks. The
range Of prices Is far below their In.
trlnsic value. The after-eiiocts of the
recent financial upheaval have occs.
stoned no shocks TO weaken confidence,
with the coming abundance
u money, investors Will soon DO forth.
coming NJ buyers. Railroad bonds
have advanced much beyond the re-
,overy IN stocks; and this disparity
may be expected 10 produce an carly
advance OF the latter. Tn. tone OF
though conservative, Is
more hopeful, and the tendency OF the
market l. best shown by the caution
md timldlty Of the "bcnr" side.