Show t ii AND MINING NEWS iS'S t ot S X L 5 General i Situation Cl Good GoodBy 11 1 By Ira C. C Tichenor Tichenor- 5 S 5 5 AS S THE fourth quarter of the year progresses the general financial financial finan finan- S cial and industrial situation continues to improve in a conSist consistent con con- 55 nt and gratifying manner r S While the rate tor for call loans In New York Tork advanced d to 8 per cent durr durf dur- dur f the dosing closing days of the past w week k this did not In reality Indicate a aS S tightening lightening In the money market As a matter of or fact tact money is plentiful tut jut ut not for tor speculative purposes purpose although 8 per cent would Indicate that liea are rather liberal at that especially as compared with the rato of 10 S. S find t na 24 12 per cent quoted during a recent expansion of or the speculative move move- S 1 S S As 8 noted previously the Imm immense n e S amount amount of or new capitalization effected S l September and all of or which was r readily absorbed by banks or dl- dl S by private subscriptions of ot Investors not only proved that general generalS S business bUness ne s was expanding but that there I Is Js' a of or money for tor In InS Investment In- In InI I vestment In issues of or companies of known stan Standing S I S In In addition to this reports show that banks generally are loaning money S. S amounts on Industrial securities at at tho the apparently settled rate of ot t to 6 per cent as against the rate of 8 per cent Imposed as Us late lato as Sat- Sat J fUr SuaT y t S 1 fA lAs a matter of or fact tact banks are not favorable as a rule to stock exchange ex- ex S f change call loans for tor the tho simple reason that they are not at atS S I J tle federal ial reserve banks as in the case of commercial paper and bankers' bankers ac- ac cances As a result the Wall Vall street mon money y market I is 15 not a guide to the JV Ec ral monetary situation S IK j Locally the financial and general trade situation Is reported to be In Int t condition That there is a large amount of money here hero for tor strictly t purposes is Js shown by the fact tact that several bond Issues of or goodly proportions have been subscribed almost wholly by Salt SaIt Lake investors 1 There is 15 every indication that business will continue continuo good In Salt Lake f f throughout the coming winter winte and that with the opening of spring there thero thereS S be a a. still further increase in activity |