Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-02-17
CLEW'S MARKET LETTER

ing the first han OF tile week. "A great
deal of this was late profit taking by
ov%er-confident bulls whose4courage failed
when they found that the Ja~nuary.Srise
had eliminated. February. is frequently
"a reactionai'y period. and in this instance
the decline, was accelerated by distrtst
ing, by weakness in New York Central.
by, a break In the oil stocks, by unpleas-
ant after-eects, Sof the Rock. Island cpl.
sode, by q vote In the Senate for another
New Haven investigation and by prospect
Of a suit between the Government and
Southern Pacific owe the separation from
Central Pacific. The weeks business was
also interrupted by the celebration Of
Lincoln's Birthday. and this served to
further restrict business and restrain
bullish: operations.
Apart from these tendencies the situa-
ton was satisfactory, and influences at.
fecting values were" generally of a fav.
orable character. There has been some
disappointment among those very Opt:
unsteady inclined at the slowness Of bus
fness recovery hut it is recognized that
considerable lost ground. has been re-
covered that economic conditions are
generally sound and promising, and that
should we be, blessed with another good
harvest. the .pro.pects are that. tho latter
hail. Of 1914 viii witness a,nnch, wider ~,
tivity than the first halt. This is consider.
able talk at present about tho large num
Der of su%nemploved IN This citv I1nfortn.
,nateiy the number Is greater thar, ,ias,ar
Yet 1T il proner 10 remember that! ~ ira
season tho, 1n,an1niovad fro,, q .,.,,.
partaI Of the, country. drlft ~ Na,v, 1,r-
because theeyv stand 4 hefter cbnnca 49,
than elsewhere 81 receivine food ana ,hel
ter from s tho numerous char,ta M 'orv.r;.
zatiohs in ,,th,s c,tv = q 80 - ~ =.
membered that stha n,,r,her ~ ,,n.,,,.
plovedf a. this ~. I'm 1. olr,.v. $500,
Tran at nnv n4har nor,od hsos,,sa ut
\. .dn.ot1.gl wUnr,. ti.a ], raa,,,s .,,.na,,aaa ,,riis
wear the 'nrorrrtion9 ~ No ,,narn,o,.a
from this cause - ercantlorailv 'hsavv
owing ia sya ~ neea IN t,,o h,,,ia,rr "a -,
but in tho w,nte; months .,nrk ',s a,,,,ss.
hess nleantif,,, mud tho ola.s fs,ahon :, ~.
affected; ,,s,r Nv .eoo,,a. I,,a,, .ns
sthns has o,1,or,,,,,,,v a., ,, ~. 5:
the time .of NON. amn,oy,,on
Cralua,,v h,,h .,c,,,,, troao !. ;,,.
ing In VOLUME NH. !. cutie .,,,. ~ ~.
steer tradesin ,whic,, tho ,,,,a,,ed ordo,. =,
January increaseds al an TONS Tho .tae,
trade 10 ,as vet, nv M ,roon. IN ~ !
tirely satisfactory cona,t;on tho Volume
OF business heinz stu ,,,,,t ,ho,o., 800
NAL and. nr,ces. 1ov .No,,srtho,s,s tha
tendency 10 dist,ntc,v to,,,a,a. r,,-4,,s.
in,nrnvan,ent Anothsr ~. ~, - 49,
torment was :, red;,ction ~ 4 non ooo nc
in the domestic stocks ~ co,,,,.r ld,,r,,,.
January. The monthly id,acar vt.+a,,on
also showed = dacressa - ( ON oars =.
January. railroad n,rcbasos hove "hoon
curtaailed- for months nast and - l. n,,oh.
able thai thcii.' orders d,r,ny tho ,ast
wear or two ~ rolling stock M rat,.
ave fallen below tha actin, ,Ioss thro,,ch
ordinary wear and tea,. shoo. nooass,t,
viii soon CONNIE, r.rvor n,,,,,,asa -,
railroad man,.ars rhs ,at.a. sss'
embarrassed Nv nah,ntv - sec,,,.a ha..as
rates and ~ tho d,nic,,t,a. - ,o;s;sa
money: tho,,rb .o,no ,e,,at ~ 80 -.
,fordetl Inv tho recant foil +, ,,.aras. -,
which made i-t.easier TO refnnI or axtn1
maturing obligat,ons. M a,,cstion - 80.
ipp tho went ,oo.s 80 s,,o... 49,
now much less s.r,o,,s .h.n :. ' 80 -
fear ,h,,r. - ,,a..a. -" -.
the. money! market No. ,ss,as - 80.
being oered VIII mo,s oo,Nsaaae a.s
seem 10 he, n~romn4,v ah.orhad -
amounts al. non rrrda- 49,
- 49, ~ aoo!iie a''u sto ok
institutions ,s,ht. ths f;rst rs 49,. go.
q condition Which m,tor,sm,, Ia co.
et,np ~ ,ia.;r.h,a -. ,.s..s. -
Which : n,n,,,e, III, aro ,amd .ssu.T, =
is every nr.,hsh,,itx ihot ,,;ast:,s IN,
have a. annie selec,,on ~ nsn. aets., wv
from which 10 choose dsr,ns ~ a .an',gss