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Show Local Conditions Steadily - Improving, Says Major Lee . j . Increasing Demand for Investment in This Market, H I v- . Declares; Eastern Situation Recuperates , Major Alv lee, mintftr bond department, J. A. Hoc l a Co.. i atatae aa follow: "Ae waa anticipated the Kaeten. market thla week 4tsplayed cn aidermble at ran art h. The wat of paae.rntem hick had awept OTr the country carried stock prieee to a lower level than the situation warranted. The action of the market mar-ket thia w-ek Indicates the pasted past-ed turn has com and that a fair el sad rally Is now In progress. It waa particularly aratlfyina; to note that the market closed at Ita high point for the week. Unless conditions In Europe osteoma ost-eoma very much worse w aspect thle prcaent rally to epatlnu. for anothor a palnta. Locally, condition, ara ahowinpT plow, etoadv Improv.maat. Thla a, to appllra to Idaho. It now .earn, probable that by neat year condition. condi-tion. In Idaho will b. aialn aor-mal. aor-mal. The bond market ha. ahown con-tldorahla con-tldorahla .trenath-atae. Auauat 1. With tha Improved money and credit cred-it rondltlona a. reflected by racen . atatamenta' of th. f.d.ral reeorv. bank aid tha dearth of new laeues now bclna marketed ky undarwnf- ra a tr.nd upward la boad prlca muat b aapected. Th. onlv new la.ua handled by pur firm durlnt; tha paat two wetka waa 9x.oftA.0O0 North American Edl-aon Edl-aon company t per cant, due 8p-temt.er 8p-temt.er I. 14. Thrao boada w.ro underwritten by Wlloo. B..d aV Oo.. and wara h.avliy ovaraub-acrlbed ovaraub-acrlbed within two hour., 'locally ther. la an Incraaalnt demand de-mand for Inveatrnanta. Tha low point appeare to hav. occurred about th. middl. of July which la ntlrely normal. |