Salt Lake Herald-Republican | 1915-09-05 | Page 61 | Dominant Factors in Week's Market of Conflicting Nature

DOMINANT IN I WEEKS WEEK'S MARKE MARKET OF CONFliCTING NATURE MATURE End of Strained Relations With Germany Counteracted by byI byLow I Low Exchange 1 New York Sept Germanys Germany's agreement to this country's demands In InIs Its Is con conduct of or submarine submarino warfare and the demoralization In Iii foreign exchange II were counteracting Influences In tho the weeks week's stock market The former influence had been largely large large- larse- larse ly hy discounted before Its Is formal announcement announcement an nn- leaving lea the tho latter later domin- domin ant Talk Talc of or peace penco overtures o which followed the to German settlement failed to excite m more re than slight Interest r f Dealings contracted In volume after the heavy August operations had ha reached the largest total In stocks clocks and ami bonds for tor an any month of oC the tho year ear and the largest Au August business since 1909 At sterling exchanges exchange's low figures of ot 50 for tor the poun pound tho the cost of or re remitting re- re from London amounted to over O 7 1 per cent cent- cent The Tho Increased advantage nd of of securing cre credits is in New Nc York led to large sales of owned foreign-owned stocks here Offerings of ot merchandise at nt this center which would bo stimulated In ordinary circumstances arc not available available avail avail- al aalI I able owing to tho wars war's curtailment of ot production Grave Gravo fears tears wore oro entertained that theother the tho other alternatives that of cutting down I purchases of or our products would op op- op Erale crate erate London financial authorities pointing suggestively to India Australia Aus Aus- sug est eh us- us and Canada Canda as ns available sources of wheat supply S Mon Money J continued almost superabundant daft dant dant with wIh reserves of Now Xo Yorks York's financial Institutions at their highest level le since the Inauguration of ot the new banking laws lows