Salt Lake Telegram | 1923-02-25 | Page 25 | Business Briefs

d 7 1 i- i BUSINESS BRIEFS Shipping bill i dead In Washington President President dent Harding expected to lo tour West Vet Curing durIn during dur Cur In ing summer ummer In effort to bring a about ut revision Ion sion of sentiment against measure measure 7 New York Tork federal reserve banks bank's ratio rato advanced t from om 1 to 79 per cent cent President Harding to consult Charles Chai M. M Schwab on European Europen conditions upon lattes latte's latter's lat lat- ter's tes te's return from abroad abroad New York Tork stock sock exchange Investigating put and call cal business and to which members member of or exchange engaged led In In It Week end mercantile trade reviews spain point strongly to expanding business throughout country c Duns Dun reports failures In United States last week against last lat year Judging by the tho action of f the stock m market market mar mar- ket Wall V Wal street w was at first a little doubtful doubtful doubt doubt- ful tul Just now V to Interpret the advance Inthe Inthe in the tho rediscount by the reserve banks bank of at Boston Doston and Now New York It I was wal natural that many many traders trader should have regarded the Increase as 0 a warning such auch as ASas was as sounded toward the apex of the wt lest bull bul market Bunkers however took a different view viI of ot the matter mater regarding the higher rats rt as al a constructive step reflecting a I growing de demand for commercial com credit I Commission I houses apparently UY took a somewhat similar view Aa As A t ls Interpretation demand tation toton of at the tho rate rato advance spread for torI stocks increased the sugar luear issues were wr helped by an en In advance In Cuban raws rawn which went to a a now high of 5 56 Y cents a pound American Locomotive Producer and Refiners Refiner and American Wool Vol showed every lvery Indication ton of strength as a. did Id utilities ties U. U tock stocks North American going Into new high territory that hat the advance ad vance In the tho rediscount Is la a a bull bul rU rather e than a 0 bear argument It I reflects reflect bust busl- ness resa e expansion n All Ait lines line of business show I 1 great grest t te growth over ve the last twelve months g 1 As Al an Sn example from the tl low level levet last of 1 I year I steel r production d In has Increased d 73 per I cent For Tor two years Industry III went toJ through j I I II a period peio of deflation Inventories were werI i converted Into cash and many lines lne of In Industry Id- Id Iz- Iz I I have not been heavy hev borrowers borrowe A large number paid off their bank loans ioan i Recently there ther ha has ha been an Improvement In the tho demand for commercial P paper due i 1 to continued t da business f nc expansion p White Ji the I advance the In dl discount rate Is I. a. a I natural natUra l I development Incident to Improved busi buit business bul conditions It warning to n ness nese nerves luvel as It a. a a I the he business man mn not Dot to go co I too Wall fast VaU Wall Street Journal