Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-03-06
londoners are Growing About the
Bears on Change,
INQUIRY FOR AMERICANS.


New York. March G-Thc Times Lon
don Financial correspondent cablcai
The suspicion Is entertained hctc that
Wall street II mancuvcring TO catch us
short. This may be- merely Our way
~ expressing disappointment that the
January great rise In prices has not
been sustained. unquostionably there
are already "a good many bears iu
your railroad shares here hoCuuHD "a
percentage of operators always SELLS
ON amy advance. iu the belief that There
viii be "a reaction. but I Htill think
that tho bulls predominant. " not 100
the market ITSELF at least among tho
amateur operators outside. the great
bulk ~ whom never take o. philuaOphi-
cal Wow NJ upH and owns.
An D.nrrIcncod broker remarked 90
ute only yesterday
what PEOPLE begin 10 feel is that n
Americans continue a. buy their own
railroad snaftF nH they have been doing
there Will r,un b. none at an left on
this side uud they regard such "a state
OF nnhin with spmU apprehension
partly ircnure they feel SUR that
those securities would noVo have been
taken home u the buyers were not con-
WINGED that they must ail IN time prove
tu b, valuable luNcHtfrHItt
This b. tir usual method - reasoning
AMI MEANS that IN "a ni - Friendly
envy We shpii Try 10 buy hacl, and keep
a Tow OF ui9e prUspcttls' IiNu tmtrt
stocks
We have been bothered. though. with
several worries ~ tho nlHht mnrc-Un.
rondcfinr sort They are parity the
consequence ~ our great Imperial posi-
ton. Not a day passes but some scare
monger gets at N" market from Humc-
where. This week u has been china
4. al
nus small alarms have sprung up re-
rarding our relations with Russia and
France. Prices have. therefore. been
disposed O. dfoup and in no department
have the large supporting houses done
anything To- sustain them. The cnnHc-
qucncc IN TINT the speculative position
wears an overloaded appearance In
/ pincea, NJ " ilnny plunRvra were up-
/ pressed by tho riass ~ paper they
bought mndly o. month nru. All this
| would disappear In i've minuthc N yuu
/ would Only rive uH some encourage
incnt by PURCHASING more freely and
displaying better bank statements II
| a. too had that your associated banks
should be- rapidly diminishing their
surplus reaerNrt just when We had cal.
! hntel on ttrlng thrr 49,. u1iri1ln -
| ant. votrr Ntili, TIT ~ treasury f''
| rcita should be- dnnglpd like deaths
heads before our eyes by Congress.
What much increases tho nEnravn.
tion IN the continued prccnrlousncaH NJ
our own credit position. We. too, have
bank which grows weaker instead ui
stronger and a government busy land
ing NJ In quite respectable d"n'lt
The prospect u therefore. decidedly moi
pleasant No wonder the markets nr'
left 90 the small buyer whn atiii Gomez
In thousands every day % the weei
and purchases his I'VE or ten shnrrr
principally kaiiir or ilhndoHinn minci
or home induatfinlH, IN the hope nj
making "a pound or two ON % rise. H.
may. II he holds on. but market condi,
ton are by no means me- assured as
like 60 see them. Not only h the hani
| unable Co retain any ~ the gold which
II almost daily reaching our shores
but q keeps losing part Of IT, already
slender stock ana India, Germany and
South America are all pulling at u
This means higher rates later on IN
the year. because the bank must re-
| pltnlah ~ stock before autumn N d
serious credit disturbance T. 90 be- thor
avoided.
Altogether. prospects arc not immc.
dlntrly favorable Go another great out,
break of huli speculation. Even th'
calmncHH NJ f1rlr counts extremely lit'
tie. because Tie same conditions pre-
vail there as here, This weeks bouTHi
settlement disclosed considerable
amount ~ weak speculation, quite
enough 10 neuiralize the good eject
u the superficial political calm. Al
thingr reviewed. l hold the opinion
that We shall not zoe much real go
In the markets this side OF April AM
n viii depend then upon circumstance
outside ~ our own market whether
speculation again rapidly brondonH on
or not We want lead and nb0yi
all, We want money and cash because
We have not enough 10 serve both ac
tive industries ANA active stock mar
kctH.