Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-12-05


when much structural work has 10 he
abandoned. 80 u should cause no dts
appointment " there follows some
slight cessation of activity In this neid
during the next two o. three months.
Noverthcioss. comdliions In the iron
trade are much more satisfactory. aud
some ~ the most Important manufnc-
turcrs have already opsn MY declared
thai n turn for the lsttvr has beet
reached. Prices are stlll how tot many
s,cei products, and tiic fact that ihvrr
y stu iafEv tat, capacity prevents any
advance. Tlsis. however, does not de-
tract from the fact that conditions
have improved. Oves million and
half tons ~ inlahed products wcrn
rula W November. upward ~ soe.oeo
tons 81 this amount going 10 the rail-
roads which are aiWuks The earliest
nnd shrcwdost buyers AT such times
Thert II also conslnucd Improvement
in tho textile trades, aud while The
volume 81 business II not ny 40 nor
mai there II a decidedly more conf
dent uaderionc. IN III west business
u fair In volume and a. further IN
Crense 81 confidence n reported BY
bar kcrs IA that section. In tho south.
ton, conditions are fairly satisfactory.
The volume Of traffic on the railroads
u welt SUSTAINED. and although the
price or cotton y comparatively low.
the size of the crop insurcs large
monetary return 20 farmers no, 90
speak of a good tonnage for the rail-
roads. In some lines ~ business there
~ disposition TO qule,ness incidental
o. the approach OF January ! and the
oncomlnr Of wlntsr. hut this tendency
IN nat moro marked than usual al this
season.
In spite 81 present Weakness and
pront taking wall street breathes
easier and II showing more conf
dent feeling. There l. a slightly Dct-
ter investment demand for many Sc
turlties. not only IN New York. hut at
pther financial cent,rs. Bonds have
bccn In fair inquiry and considerable
buslness has brcn done IN municipal
issue-. Monetary conditions arc sat
isfactory in spite OF the low condition
~ bank reserves The latter causes no
unsnsncss because funds VIII soon be-
gin to return from the west, and our
International credit IL such that W.
can readily draw from abroad IN ease
~ necessity. our favorable balance
~ trude has much strengthened our
credit abroad. ana u must be rcmem-
b,icd that much Of the hundred mil
! litns loaned 20 Germany during the
Moroccan crisis " yet 10 our credit
These two acrounts have been same-
what reduced ~ foreign sales Of
! American stocks. but as conditions
here become more satisfactory Il IA
4 aulte certain that Eusope viii r"-
purchdae SHARES recently sold Earl
(, grey's speech on Monday last would
seem 20 have thoroughly cleared uP
7. the Moroccan situation. and paved the
way for better understanding be-
tween England and Germany while
the forclsn situation Is sin full 81 In
serrsiing possibilities. Il a. certainly
mere ansurlnE that az any time within
IN, LAST four months
New secursty issues thus far this
year an estimated NJ si.soo. oco, ooo,
AGAINST ti.too. ooe,evo a year ago. Tsie
somewhat surprising Increase coupled
with iae strain which abe market has
endured for the past twelve months
shows that the. situation 10 soundrr
an u generally rscosnizcd. Tech
~ tlly and intrinsicaily The security
market IN In a fairly satisfactory com
diiion The chief obstacle. ~ we hav,,
alrsndy said, II poiltirs. For this rca-
Hon Developments ~ Washington dnr-
lng the coming week win have par
slculnr slgnlncance. IN this connec-
ton the forthcoming report 81 the
Hadiey Railroad Commission VIII he
awaited with keen interest: likewise
shc report ~ tho iarifr hoard and that
OF The senate trust inquiry committee
These may have an important eject
upon thu stock market