Salt Lake Telegram | 1932-02-20 | Page 11 | Business Hope Spur to Stocks

BUSINESS HOPE SPUR TO STOCKS Government Pushes Stimulating ing Activities in Various Various Vari Vari- ous Directions By RICHARD RICHAED L. L GRIDLEY United Press Financial Writer NEW YORK Feb 20 UP Grow UP-Grow- Grow Growing ing confidence in the business outlook outlook out out- look continued in evidence this week in most sections of the country according according ac ac- ac cording to tr trade de advices The feeling was translated into another another an other advance in s stock ck and commodity commod commod- ity prices and boosted them over recent lows So far little lit Ut- tie tIc evidence of a general business revival re revival vival has been uncovered Bankers brokers governmental leaders and arid business men apparently are arc determined the thc rise in security values must continue as an Important important tant factor in stimulating business recovery The stock exchange made plans to further curtail bear trading This will be done by making it harder hard hard- er for traders to borrow stocks for short selling The administration and congress have plans under way through the Glass credit expansion bill to remove much liquidating pressure that has overhung the security mar mar- Federal reserve authorities are believed ready to step into the United States government bond market to bolster prices The administrations administration's ant campaign already has borne fruit ruit the White House stating approximately has been pulled out of hiding hiding hid hid- ing since tho plans were announced The cased credit strain shain has caused a corresponding decline in bank clos cbs ings And failures decreased sharply Bank clearings gained over last week Plans of American Telephone and Telegraph company the worlds world's largest largest largest larg larg- est business organization to spend in improvements this year were read with interest The company maintained its 9 annual dividend rate on its capital shares but adverse dividend action was taken taken ta ta- ta ken by the Southern Pacific company International Harvester Laclede Gas and members of the Copper Copper Cop Cop- per group Steel companies complained at the theer theer theer er output showed no improvement Railroad car loadings showed more than a seasonal increase Steel companies complaint at the delay in purchases of materials by leading motor car ear companies Even Ford has not begun large purchases