Salt Lake Telegram | 1918-10-26 | Page 10 | Loans Are Further Restricted by Committee

I LOANS ARE FURTHER RESTRICTED BY COMMITTEE Tendency of Stock Market to Skyrocket Is Offi- cially Curbed. y Associated Press. p, NEW YORK. Oct. Mj-Money con da tlona outweighed all other consideration! In this waek'a very active stock market 1 even the significant developments m th war situation being subordinated to that situation. Measures adopted by the local monev committee to restrict speculation an1 otherwise conserve credits for the present pres-ent and future requirements of the government gov-ernment were .regarded as a step In th right direction, the enormous expansion of loans streaalng the need for such action. The financial community was almost uiiBMliiiw, tirwrwyer, tn aswpi ting the i such of the recent demand for securities emanated from substantial sources, for- i elan and domestic. Persistent peace talk, heightened by events of the week, haa undoubted!) 1 stimulated a distinct revival of Invest- ' i l ment puichaaes, applying with especial i i force to rails and Industrials of tha class not Identified with the war group. The Inquiry for rails had Ita basis large- 1 ry m the further ntefsctory statements j of earnings and their mora assured dividend divi-dend statue.' It Is In low priced trans- j portattons that foreign Interest has been J most evident. Conditions In 'the mors Important lines I of Industry have received a temporary I setnack aa a reault of the Influensa epidemic, epi-demic, but next week's quarterly report re-port of the United States Steel corporation corpo-ration Is expected to show earnings In keeping with tha first half of the, year. Operatlona In foreign exchange have i become so nominal as to lose much of their former value aa peace Indices,' but the rates of neutral European countries agwln favored this market.