Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-02-08
THE WEEKS TRADE.
Stocks aud Bonds NotICsabIy and
PsVOrably Affected
BY TUE GOVERNMENT LoAS.
Wool Dull, Wheat STEADY, Iroa Pro.
ducts In Better Demand aud Gen.
eral Business Improving.

The success OF the government loan
has been reflected In tho stock aud
bond market since the opening Of tns
bids on Wednesday.
The country was prepared for m
over subscription to the loan, but had
msde no calculation on such a large
amount When It was learned that
over ive huudrod millions had been
subscribed iOr,mAny OF the discouraged
OPERATORS Ia American s,ocks aud bonds
1u both sides OF the Atlantic took
courage anu demand Immediately
sprung up FOR American Investment
securities, which mArvelously nj.
vsnced prices. This was not coz fined
to COY particular spocialties, but the
whole line responded, anu while no
very violent jumps were made, a good,
steady advance hos beon established
which hae boon shared In by railroad
and industrial stocks, ana the week
closes on n firm market for everything
which gives assurance Of reasonable
ulNluenuh 70 nuIueH.
Tue Borrowing Of 40 much money by
tbo government may not In the end pa
OF 90 much good 10 the country gen.
orally rs many would ike TO believe.
IL lisa good deal like taxing siimulAnts
10 keep up tue working forces OF tho
body, very exhilarating when fifst i'm.
UiUeu but the stimulus gained IL at the
expense Of the future. When the
| 81
"ptumiteg to pay,p or tue interest has
TO be provided for, natural reactions are
likely to come. But then our resources
are great and the hope ia the future
| Of our country 10 10 pronounced that II
would be Jolly to look at the dark side
Of tho picture, while n brighter one IL
temporarily turned toward US with an
Inviting itecination.
Wool has been dull during the week
anu rather disappointing to holders.
rho market lacks the vim and "snap,,
of few weeks age, though Boston
notes firmer demand and n sieAdisr
market for some grades needed by
wOtsiei good. msnufs ctuToTt, aud
sales have been larger for domestic
woods this week than last; but the con.
tinuod slow demand for manufactured
wooden goods all over the country
makes manufacturers proceed with
great caution In picking up their stock
aud they arc In position often ~
force concessions from holders " no
want TO realizs on their holdings.
Wheat mas maintained the advance
noted for several weeks past without
showing a disposition 10 40 much
higher, and IL would appear that those
Interested In the late advance have
used all the facts favorable to their
side that have been available. The
Argentine crop has been clAssed all the
way IRON "iAr below an average" 10
every poor" and even "bad," but the
fact that Argentine shippers have been
rather free SELLERS lately In the Eng
lish markets tor April and May de-
liveriss would indicate that there may
be fome manipulation In the kind OF
news tho traders have had served up
TO them frequently Of late, and while
America holds strong position
wheat with the liberal ceilveries.iu the
| northwest anu no abnormal demand
from Europe we look for some re-
action from present prices, but we do
not expect to see the low prices OF the
early part OF 1895 repeated this side OF
our next harvest.
iron pfOuuor nave Deen llttle more
Active this week with an Increased
demand for steel rails and other manu-.
faclured goods, though no higher
prices nave been established.
| General business has improved q
little in some sections. This appllos
| 10 the west aud northwest Bank
oisArings are slightly over last year,
and Salt Lake City shows n gain OF 10
per cont, which Is quite encouraging
when comparison 10 made with tho
whole country and would indicate
that we are on the up grade CONNER.
cially. Failures In the Uuited States
have been rather mere numerous than
n year ago but great many OF them
hAvs been email, anu while business
may not be all that could be desired,
there seems to DO no cause for alarm
| Tor toe future.