Salt Lake Telegram | 1922-01-01 | Page 33 | Finance Trend is Bewildering

TREND IS Shrinkage in Foreign Trade Has Large Effect NE NEW YORK TORK Dec Pec SI The n.-The The final we week k ot 01 otone o one ne of the most memorable years Teas In itt the financial f. f fi- fi i ancial n and general economic history of ot t the he country was attended by the usual usua be bewildering be be- w movements movement Trading in stocks was moderately active e even ven though public or outside seems seemed t to o be almost restricted to selling selig by Individuals in individuals In- In d and corporation corporations for p Ii Income tax returns return This also alo was tr true in lesser degree decree delree of the b bond ond list but list liquidation in that quarter was n If not wholly offet offset b by the con con con- f with which new wih were bought bought Views of competent observers regarding next years year's Industrial and comm commercial years commercial prosperity prosperity prosperity pros pros- were reassuring for what Wall Wail Wal street c calls alls cals the long bong pull pul Opinions were furher fur fur- t thoI her hor qualified however by the realization t that hat the foreign trade record will wi show an a enormous shrinkage from that 0 of the prey prey- b lous ous us year Figures available indicate that imports Import fo fot e the year will wil be curtailed by 50 60 per cent cent while exports are expected to show a a de decrease decrease de de- crease of 40 to 45 per cent foodstuffs foodstuff form form- i n ng the principal item Iem of reduction reduction Aside from the strong Investment inquiry for or high grade grade securities the weeks week's eels most mOlt favorable feature was the relaxing trend of 01 money rates Despite the customary yearend yearend yearend year- year end window dressing dresing by financial call cal loans renewed on an average average of 5 6 per cent cent and time funds extending ito next March llarch arch were obtainable at t the same figure me Januarys January's release of ot Interest and ad dividend payments while smaller than that of th the two preceding years year should prove sufficient to insure a a continuance of lower bower rates and give impetus to the Investment Inquiry Recent tendencies in the steel and Iron trade tho the concurrent strength stee of equip ment shares and news that mining of copper copper cop cop- per soon is I to be resumed in the Montana district were vere among heartening aspects of the Industrial situation On textile texie rubber and leather pronounced increase of production tion also Ils was wal reported Foreign exchanges showed a strong undertone un un- un regardless of such auch deterrent Influences influences as II the submarine controversy at the arms conference suspension of an important Italian banking institution and fresh tresh uncertainties uncertainties un un- un- un certainties I 1 with Genay Germay's Ja- Ja uary ad February reparations payments MARRIAGE LICENSES Ewen Kwen Thomas Thomaa and Marie Novak Rock Bock Springs Springs Wyo yo Nova Leland LelandD D. D Richardson West Wet Jordan Jorda and Emma A. A A Beckstead South Jordan Jorda Jordan Karl Strange and Anna Anna Salt Lake Arnold W. W and ad Cloa Clo X A. A Watford Salt Sal Lake John eE and Dorothy en en Salt Lake DorthY Raymond W V Dal Bales s and end and Ellen Elen La L Verne Vern Anderson Salt Lake Ver NEW SUT SUITS StIlTS FILED F. F J. J J. J P. P Jensen against M M. L L. L L Breed to quit title tte to real estate John against Salt Sal Lake City to recover alleged damage to automobile automobile auto auto- aut- aut mobile mobie In an accident Margaret Margart Ellen Elen Holley Holey against Salt I Lake k City to recover alleged personal damage darn dam da- da age in automobile accident accident Rolla Rolia Rola C. C Lake against Anna Lake for ter di divorce 1 di- di vorce alleging desertion Margaret Margart Hyde against Victor Georg Ger Hyde for divorce alleging nonsupport I