The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-27
MONEY EASIER;
TRADING LIGHT.
Conditions Indicate Plenty of
Cash for the Balance Of
the Year.
STOCK TRANSACTIONS NOT
SO HEAVY AS DURING 1909
Speculation Has Fallen Off.
but Wall Street Is Sanguine
of Prosperity.
BY RALPH EMERSON.
TO The Tribune.

BY Leased Wire TO The Tribune.
NEW YORK, Nov. 2s-Proeress along
the most notable developments OF the
current week In the business world.
Call loans have fallen to "a per cent
and under. while yesterday to the end OF
well into 1911 the rate is now per cent
Last year call money was .4s@5 per
cent. while sixty and nlnety-day loans
ruled at 5 to ST per cent. and longer ma
A year ago Reading was selling at
172s. Union Pacific at 209. Southern Pa
cIhc at 1909, Northern Pacific at 14ss
ern at 1881 Baltimore & Ohio at I16a
United States Steel at 500 and Amalga-
mated Copper at 9l2. In the week of
1909 corresponding to the present one. the
daily transactions on the stock exchange
ranged from 1000 shares to 1,250. 900
shares, and prices were In close proN-
Unity to the figures noted above.
Trading Is Light.
This week the daily transactions on
the exchange have fallen from 100000 to
$4,000 shares The deduction to be
Is that there is not likely to be any
repetition. OF the higher rates OF money
that were made at the close OF last
yeRr,
One advantage 70 legitimate trade that
has already occurred from the increased
ease IN .money rates has been the week S
large absorption OF commercial paper at
lower rates However. merchants and
manufacturers have not yet renped all
the advantage that is likely to occur TO
them from the great fall in collateral
cations that commercial paper Will soon
settle down to from 8 TO 50 per cent for
high grades.
There is another possible advantage 10
business that may yet arise out OF the
marked ease In money. II the fall In
money should eventually lead up to an
improved bond market. then the railways
would place orders more freely than
here tofore, and this would at once be-
come marked matter of Importance 70
the steel industry aud the car equipment
interests, which are now. and have been
for some time past. in want OF some such
impetus to make a nearer approach to
normal conditions.
Money Plentiful Abroad.
Somewhat unexpectedly European dis
counts at the end Of the week reflected
conditions similar to those prevailing in
the money market The reason why this
fact that only very short time since
political affairs In Great Britain and the
forthcoming Turkish loan at Berlin were
expected TO produce hardening ten
dency and really exert such an influence
for g. spell.
The position OF the Bank OF England
and the Bank OF Germany is strong
one this season, and although the close
Of the year always brings with 1t more
or less demand for money In the leading
European centers, an easier state OF af-
fairs Is expected to prevail at the close
of the year
There are some who anticipate that
Europe may again take American bonds
In volume. although recently only smal
amounts have been placed on the Other
side II will be seen, therefore. that the
continued ease presents possibilities FOL
American railroads and corporations un'
less something not now foreseen shoulc
| arise TO settle matters.