The daily morning journal and courier., 1907-11-11
LATE FEATURES OF
 THE STOCK MARKET Passing of the Financial
 Crisis. BETTER FEELING GAlNIN6 Premium on Currency Eases The outlook-some FIX
 pert Opinions.

The Outlook-Some nA
 pert Opinions. The stock market outlook is improved owing to the improvement in the flnah- cial condition of the country but No h,,u ereworks are to be counted upon The s5oOoo. 900 in gold from abroad is great help but lot of money is need ea in the west and south for moving orons @ and wall street will have to wait some time to get its second wind There is no immediate prospect oI any sustained speculative bull market anu if is generally recognized that none oan ha had until the money market reacbes that stage where the supply ol oonital will be in excess of the wants of laqitimate trade It Is quiteiy likely though. that there will be occasionai improvement, especially as general eoii ditions brighten.
 The nroducts of the soil this year hoyo . money value of approximately seven billions of dollars, and apouI +brea bnlion dollars have been knocked off from security values thus effectlNe- lv squeezing out all the water that may have been in stock and bona issues, Tbis is certainly most supstantlal raais mon which to construct reeuper- &ation.
 Soma of the opinions as to the out hook of the market of leading Wal street common houses are as folloWs' Roodv. Mcclellan & CO.,: It will pc a rone lime before the business interests of the country can again feel them selves in easy financial condition 4 ganeral reaction in business actlVltV s snust undoubtedly be reckonea Wlth ol he other hand, it cannot be denleu tna nany securities are extremely cheap Il ,ought for investment at the preseh, inc In this condition, it IS Wel no,gh to remember that there IS nc Iarya railroad system in the country < hat can to-day present so favorable lnancial statement as the Olli'e' &ta+es Steel corporation. Nearly ali U he railroad companies have been DOT owing money. The Steel corporatloi as been accomplishing a surplus. " ro inclined to think that in numoe eases there will be @ reduction Il # ividends We do not expect this U ike place in connection with the stee brporation.
 I $ Bache & co. say: "The acut anking crisis has passed in New York e hurricane has spent its force Ih' orm signal is up, however. The pres .doing splendid service in calming reasonable excitement. The invest ent side of the position is constant increasing in interest, and milliont dollars are being put into securi Is by people with comparatively hall sums to invest. This is an evi. nee of returning confidence, and vii , ike eventually and slowly for new i'd ground for advance"
 Marshall, Spader & CO.,: AS peLorl ted in these advices, return O lfidence is now more necessary thai other development, and it is hope' xt week will bring a realization o hope"
 arpenter, Baggot & Co.,: "we ad the purchase by investors of first ss securities as heretofore, believ
 that such opportunities as hay n offered may not occur again. w not look for important permanen ances until money conditions hay her improved" :"
 rannig & Lawrence: "This week tf
 banking situation Is much in :. ved in some respects, and, althoug
 acute monetary stringency ha Iad all over the country, sue npt measures have been taken f. relief that we may expect continue
 rovement until the normal cond
 is restored.
 A. Mcintyre & Co.,: Nothing be han continued narrow and err
 trading market is to be expectt
 some time to come, and we thin
 endency of values in the main W
 oward lower level until the lar
 mt of money hoarded througho
 countrv comes out and contiden
 he general financial situation h
 restored
 !i|a Bache & O.. "The foundatio
 olid, the country is throbPing wi
 hful business life, and the reco
 when it comes, will be a splend "a al"
 rtlett Frazier & Carringto
 Ire is just one great market tn
 not been appreciably liquidatt
 hat is the wage scale market. B
 ad of reductions in the price, it
 liable to be a cutting down
 umber of men employed and tn
 a shading of the wage scale,
 lry Clews & Co.,; "How far t
 action will go and with what cC
 nces it is impossible to predi
 he sooner the fact is recogniz
 general business must take
 of the present depression wh allen upon Wall street the bet
 1 concerned"