Salt Lake Telegram | 1918-10-19 | Page 9 | Wall Street Goes on Theory of Early Peace

WALL STREET GOES ON THEORY OF EARLY PEACE Admonitions Against Assumption As-sumption That War's End Is Near Are Ignored. By Aeeeelaied Prese. NFTW YORK. "Ocr it. On a dally mm over exceeding one minion aharea the stock market thla week proceeded regard -lea of admonltlona from high quarters on tha aaaumptlon that tha and of tha war la within reaeonabla diatanoa. This theos find a Ita direct expression In a further advance of paoe" atocka and other aharea dependent In a greater n-fia n-fia UMJfl. 1 realoraf Jon"of normal condi-! condi-! tlona throughout tha world. Tha rise, which attained sen aa tlona I proportions In oertaln issue, notably oils, was accelerated by public participation on an increasing acuta, romm lesion houses receiving many orders from out of town cuatomera. War at rwi-g Tfnre T-si"t'r heart moat of the tUne, but rallied moderately later when pressure upon United States Hteel related perceptibly, that Block ma Ing an extreme recovery of seven points from Its loweat quotation. Kaila were a auetatntng force together with metala. the former being In active demand because of the more satisfactory relatione with the federal authorities and tha latter hecauea of the belief that tbe war Induatrlea board ta mami uaeiy to an- ' nounce a higher echedula of orlcea. Confidence waa expressed' In the sw-eeaa sw-eeaa of Ihe Liberty loan, although It was, fully realised that the moat atrenuous af-forta af-forta would have to be made In tha brief Intervening period to reach th dee I red -gonl outstanding Liberty bonds were slight lv rowar in the main, hut ths general hood market kept pace with the rlee in atocka, convertible mils helngi moat fnrored