The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-07-13
STOCK MARKET
SHOWING LIFE
sopcIIatOrS Throwing Off
Waiting Attitude and Buy
ing Securities.
uFNTY OF MONEY IN SIGHT
.,op WELD PROMISES ABOVE
THE AVERAGE.
d FNTY OF MONEY IN SIGHT

- ,,srket gave a clear reflection of the
nination arrived at by an excessive
..,bs, Of stock market participants to
i Nv, OF the waiting attitude maintained
-, some time and to act on their convic-
~. that better things were in prospect
G . bpsiness and industry. In contrast
-.,b the absolute stagnation into which
w. market had fallen by the close of the
NEEDING week. there sprang up a degree
y onin1atiOn not equalled before since the
,iy periOd Of June. the average daily
s,.aa,nsactions rising wen over half a nit
"a sbares. There was expansion also in
%" bond division, and a broadening Of
llamand in that department which was
.'osf encouraging to sentiment.
plenty of Money; Good Crops.
Tho assurance OF abundant supplies of
hanging resources throughout the year,
La nronlise Of crop yields above the aver
~ ~. ffo- recent years. and the approaching
asesrmnation OF the sessions of the Demo-
v-afic national convention were the main
S,ctors in stimulating the new speculative
departure.
Tbe spirit Of uncertainty and the con-
.sanent halt IN business activity have be-
soT,e so much a matter of course in years
~ rational political campaigns that prog
- towards eliminating the unce rtainties
~ Of recognized beneficial effect. The
asminr OF the candidates of the two great
--aFtiraI parties and the defining OF the
i,cves on which the campaign is to be
InSbt were accepted as steps toward
s"Swledge on which to base the estimate
y the outcome and were acted upon in
tbs light. ,
Trade ReViVing.
n. Milling up Of Ioanable funds in bank
Inc reserves and the resulting pressure
"a find profitable employment for these
.vms have an almost infallible effect in
s1sning up a demand for well secured
honds and dividend paying stocks.
Great Importance was attached TO the
svmptoms last week of reviving trade
TbA most striking of these were reported
rom the steel trade. where assumptions
an large scale of operations in the steel
milk in the Piusburg district were chron-
ioed with renewal OF employment for
thousands OF laborers. who had been idle
and without DAY for several months. Spe-
sial significance was attached 10 the large
nroporti0n Of the new orders for steel
which were received from the agricultural
implement makers as indicating well IN
formed opinion on the prosperous cond'-
inns OF the farming community and the
GOOD promise for the years crops. I"Spss
for the crops were fostered by the gov
eminent report on the grain crops. The
satisfactory cotton report of the previous
week completes the data ON which the
assumption is founded of the continued
prosperity Of agriculture.
Poor Railway Earnings.
Railroad earnings do not yet show i'm
movement. The American Railway aSso-
riston. however. has reported a further
asrrease of So 696 in the number of freight
ears idle in the two weeks ending June
a making a total reduction of over 1000
esrs from the greatest idle equipment or
Anil % Railroads i'm the northwest are
reported 10 be calling in their freight
equipment from foreign INES IN prepdia-
lion for a large traffic movement when
the crops move. In various minor lines
Of Industry come evidences of revivlnS
demand and preparations for increased