The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-04-15

NtW YORK. Ap.u IA tnrc-
iul survey and summary Of uuau-
clal and cconomi, conditions in tine
United states o.. we'll as boo frro
parts az Europe. VIII reveal tho
tact that practically everything
that was -forcOustcd In tho way Of
husinoss ana financial hetieruuant
has been delivered when asked
TO- their opinion ts Co the pros
uDcu Tor Che year 1899. the bank
ere and business lenders Of Amer
len were almost unanimous iu
thelr conviction that 90 would he
iruttleas Co look Tor AN old-
fashioned boom In business dur
ing this ycur. but that a GRADUAL
return 20 normal might ~Confdput-
3 br expected. tho Indication to
assert tNcmselvcs on or about the
second quarter Of the year At
the close uf the second week Ia
this second quarter 10 ~ possible
70 take a wide survey OF the whole
situation ana TO inventory urnc-
tlcHl'y all Of the good fhlnE- that
wore "a confidently promised. inn
proved conditions in general
wholesale and retail business. in
creafc in rtcoi production from 30
TO 20 per cont Of capacity. rrud-
uai cutting down Of the army 81
the unemployed fan IN money
ratct from o to a. por cent Tor
time bonds nnd ~ per cent FOR
bankers acceptancnf, a booming
and a. huoyant bond market with
heavy uvsr-suhsc option OF an new
issues brought 70 b. and O. steady
rise In the price. Of prime nccuri-
ties and finally O. wide Increase
in public interest in the stock
market There b. "a feeling that
the general huaiucst outlook b. Inn
proving and that tho country is
surely headed fur better times Ad-
vices received from tho various
cnntc Indicate that business is
hcing done cousrrvatively aud thut
there D. no disposition 10 over
speculate or oVer-trad.. The
banks are handling foreign trade
transactions with great care In the
effort not 20 u-Vcr-ostrud thsm-
tlvh or 90 take undue rifks.
This c-ouEcrvntiua has been apuri-
ally called for by the c.irao d.
nary victsFitudes Of last year. when
some very heavy LOSSES were
sustained by banks and forslen
trading corporations which wera
forced 10 extend large foreign
credits IN many raises TO people ~
whom they had no sufficient
knowledge
Despite the fact that the lead
rra ~ funnco and huslnoHs in
London ana Paris have niways re-
fused O. take tho Genna confer.
once seriously and that America
declined 10 DO represented u0ccuf
BY an observer. tho diplomats 81
the leading European nations. om-
bracing friend and Zoe IN the late
war. have been taking 40 their
tnHks manfuiiy. I'm tho hone OF
cVuivlnH some plans that will ni
lean Esrist IN solving tho econ
oniic problems OF distressed Eu
rope.
There has bean no halt 90 the
widening activities OF the stock
market which now has an the
evidences OF the proverbinl sprinv
risc. IL H. % cotIraa. inevitable
that profit-tnkinF reactions shalt
occur from time to time. but the
gradual entrance ~ the outside
public into the speculative mar
kets - taken a. an Indication that
the upward swing has not vet
entered into liz final stage. with
Increasing momentum NJ Il swings
tho market has entered
Z cycle OF million share days ana
hlfh prices that have not been
earnil He'd since the. ball market OF
1917 The independent steel stocks
been the most consistent