Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-04-07
CONGRESS AND COURTS
AFFECTING MARKETS
iicur, Sicws Notes u Tithi'lnc~-
Nnong Bu,rr- Due To- tsNr ~ S'"'"
Va,ii,s,l Legislation az Decision.

New YORK. y Y. April Horny
Cicws says
1t has been largely spec
alty marxet during the past
week ana the Investment demand
seems e. have been largely sat
isn.d h, the liberal offerings Of new
issues and shor,-term notes. The
ANN disbursements VIII approach
nearly $3.50. cocoon ana should stimu-
late temporarily a, least the demand
Tor better grade stocks and gonds.
The chiei causes OF hesitation among
buyers appear la Oc the approaching
~, ssion 90 congress and delay IN SUI
promr cnur, decisions. II b. no, yet
realized by the general public that
these factors IN the opinion of our IN
lnuautiai bankers hnVc sen thorough
lv discounted. Financial liquidation,
they believe, ~ complete and has been
unusually thorough ana drastic. 1t rs
safe To- RAY that the financial situation
rs soander than has been the cas-" for
several years. This opinion IL shar-
I'd by an our leading Banners aud
hnanclers who are IN ~ position t.
,cach sound conclusions. The aver.
age Investor. hoWcNcr. ~ discouraged.
chiefly by what Is closest at hand, He
scce that his own business Is qui"t
and less prolitahio than year or iva
ago Bcing In u depressed state ~
mind. hc is naturally indisposcd 10
cntol Wall street. FOR the present al
loast General business is unpucs,ion-
ably unsatisfactory. and this explains
f4f ht e.
whether as Investors or as spectators.
The cotton goods industry. for IN
stance h. lill much hampered 10y
high raw material and and high costs
of production. and no Improvement
can De- expected until these factors
haVr been reduced. The position 90
our textile manufacturers ~ anything
bat satisfactory, not Ia speak of pend
ing tarin agitation. There are other
Industries in a similar position. from
which they can only h. cNtricated
b, further liquidation.
II nevertheless remains true that
the financial outlook IL growing
hrlght.r daily This Is recognized by
tho heads of large financial ins'ilu.
tions. and much of tho buying of the
last fow weeks has been from sources
oi this character The amount OF
auio, ABSORPTION of high grade invest
ments by shrcwd judges TX much
larger than generally anticipated. and
II is this movement which gives the
market It's present strong undertone'
Tho most potent consideration ~ that
stocks to-day yield much better returns
Than money o. situation which is rec
ognIzed by class 90 wealthy opor-
ators who are quietly borrowing mo-
ncN At low rates and placing the pro-
co,ds nv securities which they are
confident viii bring much better
prices later on.
This probably partly explains the
expansion IN hank loans Of Sl5a, 600.
r0d during the last two months. y,
uncasincss. however, should follow al
this expansion. FOR the banks gained
S53000 600 ~ cash during that inter
val and deposits increased tas.o00,
NnN These figures show a distinc
b,ttermcnt IN banking conditions an,
should prove an important element "
restoring confidence. There ~ n,
better panacoa for dun business thar
an abundance ~ cheap money such a
nov exists. and ~ soon NJ sxistinl
doubts disappear we shall proba hi
SEE - partial revival al least In trad
activity.
The case IN money Is practically
world wide. London, Paris and al
other important International mar
kcts being wen supplied with chea
money. Moderate amounts of eol
have been shipped from this poiu
10 canada owing Ia rapid develop
mcnt In that region, aud II woul
cause no surprise II further sum
were Ia follow. for the reason tina
largo sums OF Canadian money hav
b'cn on deposit In New York ana WI
nov he required Ia meet the oponin
of spring trade ana the rush OF ON
grants Ia that part of the world tn
prospect Of reciprocity with ranad
Is Also stimulating various new cntc