Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-02-15
THE WEEKS TRADE.
Stock and Bond Market Slows SlTODg
improvement.
a FEELING OF CONFIDENCE.
Lurking War Scares Have DISAPPEARED
From the Country with Dene.
fetal Results.

The present week on the exchanges
mas been characterized by aNtrong aud
Improving market for all KINDS Of first
class stocks anu bonds. There hsve
been temporary se, backs from real z.
Ing sales Of n few tlmld holders, but
these spaama Of weakness have been
thorl lived and the chronic besss have
not found permanent consolation In
thoir attacks upon tie market, Tor they
have been met with more res,sts 20
than has been exhibited for some weeks
rast.
The facility With which the govern.
meni disp7soi OF its bonds 10 lntoi-
prctod by tho traders to mean that
with - many OTderB Tor bonds
unsatlhhod there will be dc.
mand for all gilt edge invest.
ment securities, which IL seen
THIS week all along the lire, for the Of
ders to purchase have been 70 well
distributed that railroads aud indus
ltiala have all been In good demand at
very much advanced prices over those
current n month or 10 ago.
A feeling OF general confidence has
succeeded one Of disirusi. The Euro.
psan faculty" have read thu signs Of
American returning confidence In this
llno OF busiuess aud have placed
themselves gqustVlY on tho bpyluR
aide Of tho market without any aplar.
ont rush 10 sell at n small prort 10 they
usually 10. They ARE gradually alb.
sJfbiug our beet stocks anu uunds ami
evidently laying them away ia
their strong boxes. Another In pOrtAnt
factor is the universal opinion That no
Danger OF war any niger turks In tho
atmosphere TO disturb values. Those
who most talked war short limo ago
ace now nothing 10 warrant tho ccaTo
aud everybody h assured that what.
ever international dinputea may arise
VIII be settled by diplomacy and that
tue ordinary oOuTte OF finance and
commerce Will not 10 inteTierod with
by any scenes OF war.
IL would not be IurprisinR n the
present buying movement In Wall
street and London should carry many
stocks 10 n pl,cn beyond their leRiti.
mate values when those values are
measured by the earning capacity Of
the properties represented by tnsir
shatst; In fact at the close some Of them
appear top heavy. But human nature 10
apt 10 10 TO extremes especially In
speculative ventures. Abnormally low
prices are followed by hbnormally high
ones aud vice versa, vrscking many
small fortunes and enormously snlafE-
Ing few already too large for the good
OF the nation, or even the comfort Of
their potseasOre.
Wheat has not shared In the improve
ment noted In the stock market ON
the other hand II has been weak aud
hating without being panicky. As
outlined In our review Of last week,
the price seems TO be higher than the
fec,s would warrant as compared with
other commodities. 10 had an ad-
vance In about month OF 10 cent?,
partly due TO manipulation OF pro-
fesslonal traders, and partly 10 crop
scares from exporting countries which
have not Leen fully justified by later
reports. Western receipts have been
very large tot the week, Uver three
million buthels against less than one
million bushels at the same points for
this corresponding week OF last year,
while export from the Atlantic anu
Pacific ports have bsen disappointing.
ly small and out OF all proportion 10
the receipts and calculations made by
the trade. Win favorable weather
from this time on for our growing crop,
prices are more likely TO decline than
10 advance or even maintain their
present position.
Cattle, sheep and hogs have been in
better demand with slightly improved
prices ~ the close, but still tho
market ia unsatisfactory to those
engaged in that branch ofbuslness and
future Indications are not favorable.
General business has been rather dis.
appointing, especially In tho staple
lines. While money seems plentiful for
Investment securities commercial Dor.
foWofa have TO pay rates OF Interest
which business will not Justify, and
transactions IRE restricted thereby,
There were S6 more business failures
this week than for the corresponding
week Of 1895, anu while bank clsaTings
show an Increase OF . per cent over the
same week OF last year II would seem
10 DO tho result Of speculative rather
Than legitimate commercial trsnsac-
.iOuH,