Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-04-22

ser, lac says that the Improvement
has been checked more or les by
seveml distinct causes. A large amount
ef Northern Pacifc stock has beon
thrown on the market from inside, a.
well rs outside sources. Reports OF
fresh financial complications In Brazil,
the efforts to accumulate gold In Berlin
the rumors Of projected war In Europe,
aud the continued exports Of specie nj
contribute to check the upward tenden-
cy In stocks. The westcrn Traffic
Association IA not proving success rs
u regulator Of railroad competition. IL
Advisory Board cannot get a quorum
TO be present, 10 business remains still.
Jay Gould promises 10 meet the Board
Ia few days, aud Il Is hoped that 70.
suits beneficial 10 railroad interests
may accrue from the conference.
Henry Clews further says
"rhe foregoing have becn.thc main
considerations tending to arrest the up
ward movement In prices. They seem,
however, to have already hal their full
effect, and tho market exhibits a solid
nnderione of hope. There are substan-
tlal factors tending to Offset these innu-
ences. I, IL taion for granted that the
exports Of gold arc not likely tog much
further, ESPECIALLY rs tho Berlin bankers
promptly couniornand their orders
for specie when the rates Of ex-
change deprive shipments Of profit
which shows that those banks are
not undor any special pressure for
specie. The hardening tendency IN
money il regarded a. only transient aud
likely 10 DO followed by frcc shipments
Of currency from the interior to this
contrc. The Improvement in tho business
OF the roads In the Granger sec,lon iscon-
strucd ~ hopeful symptom. and has
caused frce buying In securities OF that
class and tho statements OF railroad
earnings for March show continued
moderate gain upon the exceptionally
large business u last year, which Ia
something batter than was expected n,
an earlier date. The really important
factor In the situation, however, concerns
tho prospects Of tho gniu crops. Not
only Is tho acreage Of winter wheat large
but it, condition, according TO official
reports, IL much above the average and
the current weather IL favorable 10 tho
development Of tho plant. The prospect
Of poor crops ia Europe has induced u
planting Of spring wheat on this side tho
Atlantic which promises To surpa,s all
precedent In acreage, and tho weather Is
favorable TO sowing II under excellent
conditions, While tho same remark APP
plies to othor crops. Up To the present
stage Of tho season, therefore,, We have
tho promise not only Of grain freights Tor
the railroads but OF u profitable harvest
for tho farmers and corresponding Inn
proyomcnl In general business. Tho
marked revival In the Iron trade Is con-
slruod ASA favorable symptom "a, to the
general state Of trade"
The latest nows from Brazil does not
confirm the alarming rumors ola week
ago. Ratio Of discount In the Bank OF
England has advanced TO .! pet cent,
but this is due TO the tendency Of gold
to drift towards Berlin, and because
the bank losl sseo,OOo In gold during
the week.
The effect Of the s., 100000 OF gold
exports upon the reserves OF the banks
has been largely offset by gain OF
$500, 900 In their transactions with the
sub-treasury and Of over $500, 900 In the
currency movement with the interior.