Show THE OUTLOOK there has seemingly been called a halt in the recovery which started out with so bright a promise this delay however is only ft a necessary period of rest in which strength is gaining for the real work under the new administration this is a period lot and we shall see that matters will be in much better condition afterward it is not worth lo 10 stop to inquire as to the causes the more important question is as to the it is a fact that the upward progress has been checked the investment barometer rose to on january ad since this date it has been almost steady around 97 on saturday feb ath it stood at as compared with for the same date of last year the low point of 1908 was touched on the of february so far these readings are of value as indicating a very marked improvement we may therefore feel confident that a better condition will soon obtain there are a few facts which lead one to this conclusion there are going on certain adjustments in the prices of iron and steel which will result in steadying the business affairs of many of the chief industries recently the employees of the united states steel company were given the privilege 6 of subscribing for preferred stock at and common at 50 the allotment was more than twice overs oversubscribed subscribed uba crib ed which is a very significant fact the present per period od is therefore only a resting one which will be followed by a strong and steady market for all mining and industrial securities |