Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-06-11

result both labor and capital Will GER
tainly find more ready employment.
On the stock exchange these con-
ditions have been reflected by more
buoyant undertone. Tie market has
not been active, outside of a fewt
specialties, but there is an unmistak-
able disposition towards wider oper.
atoms. A satisfactory feature is the
better tone of the bond market. In
Nestors are still discriminating I'M
favor of the higher interest bearing
issues, but there has also been a bet.
ter inquiry for low rate issues by
savings banks, trustees, etc. who are
taking advantage of the attractive Of
ferings which are being made. The
low price of New York State per
cents was distinct stimulant to-
such buying.
Bond Market Shows Resistance /,
Considering the heavy new issues
made since January l and the fact
that other large isues are pending the.
bond market shows surprising re-
sistance. Evidently there is abund-
ance of capital obtainable when rates
and conditions are satisfactory
Railroad shares are more firmly held
since with few exceptions traffic Isl
improving and the outlook is satis4
factory. The better class of indus4
trial shares are also firm, owing to-
the prospects for increased activity
Copper shares have shown SURPRISE
ing strength as a result of higher
prices for the metal and the I'M
creased amounts going forward into
actual consumption. The strength Of
the metal however, is largely due to
successful manipulation.
Money 10 Easy. !
Money continues easy and abund4
ant, except for q slight hardening I'M
time rates. No material change Isl
anticipated until preparations for the
harvest are in order. The banking
situation as whole is exceptionally
sound. No little interest is aroused
over the inquisitorial policy of the
government in the money trust in
vestigation, and it is quite likely and
proper that bank officers will do all
in their power to legitimately guard
the interests of their clients as conf
Dental. There are some things re-
garding high finance and banking OPP
erations upon which the light may be-
advantageously turned, but any
wholesale prying into the confident
tial relations Of the banks will be
strongly discouraged by sound public
opinion, howsoever desirable it may
be as a source Of political capital DUR
ing the campaign. Fortunately I'M
vestigation Of the most delicate isl
sues has teen deferred until after
the election. ::
Situation Abroad.
The situation abroad requires
watching, since Germany has evi"
IDENTIFY reached the high water mark
of speculation and industrial actV-
ity, and seems obliged, for the time
being at least, to partially retraca
her steps. The danger, however.
has been foreseen for some time past
and the efforts to prevent untoward
results it is hoped will be successful.
In England trade is still very active
and conditions are generally sound.
In France there is less activity, but
financial conditions are satisfactory,
and there is an abundance Of funds
awaiting investment. The whole COM
mercial world seems ready to take
a fresh forward movement, the chief
deterrment being the prevailing sol
cial and political unrest. Should this
moderate abroad, as it now promises
to moderate in the United States, the
effect will be universally helpful and
will pave the way for a renewal of
worldwide activity
A week hence the Republican con-
vention will open at Chicago and it's
effect upon the stock exchange will
be watched with interest. There Is
a strong desire in Washington for
an early adjournment of congress, at
which business would feel much re-
lieved. Certainly adjournment can
not now be far distant. 1t may oc-
cur in June and is almost certain to
occur in July.