| Show I EXPECT A BOOM AFTER ELECTION Bull Buill Interests Are Likely to to-Ap- to ApI Appear Ap Ap- I pear as Conspicuous Sellers I i CONDITIONS A YEAR AGO Big Fellows Will Work to Prevent Prevent Pre Pie vent Usual Election Scare Now Ne' W York YOlI Oct 25 It 11 All of or the pr present sent talk In Wall street Is of or a I certain boom In stocks and tra trade o after aler the election limit Hut In some ome I quarters quarter the belief Is Js entertained rl that while there may be a boom It I is n-n n likely to b be maintained or even rn gre grett- grett il illy ly b protracted And the time reason on f for Or r this lila beli belief f is based 1 on elm expectation 1 that tho the boom exp expected cle after election will bo be followed b by a great rUil ruh to take profits The hull bull int interests who wh have been heen so o o eon conspicuous in iii advancing big ing the market in III recent months will wiil willbe ill be conspicuous noller r I With this the last laft wet week k of or th Presidential campaign politics I Is 15 exP ex- ex P to H o e the the- dominating speculative JaU c influence TIme The very ery nearness s o of the thc actual balloting acts n na ns ns' a check on expected commitments on th time the hull bull side aide A s far fOl ns as another election elec tion scare IP is concerned tIle tho big interests inter inter- eats ests are belic believed c to have the thc mari market et etso so 80 well vell 11 In hand that uch puh a n. dc development develop lop lop- ment IS lit exceedingly Improbable of or n a Year Apo II I Th The financial community has hos naturally naturally all ally indulged In man many reminiscences of or what had happened d n. n year ear ago or during he hc famous October panic of 1007 1907 As against t the time excitement nt and turmoil that then prevailed with prices crumbling credIt credit collapsing collapsing and th lh the stability of 01 our banking Institutions Institutions institution tion in question what a a contrast to tho the conditions of oC last Jast week eok It is timely timely time time- ly 11 and inspiring to record the great recovery that has haR taken ken place in one year rear and how splendidly the country has passed pa through the period of de- de lon that alwa always s 's follows such a pamm panic Ic Even en during this depression the nation na nfl- tion tien has mad substantial progress and particularly as re regards ards agricultural tural wealth In fact It is tIme the good crops this year and the tio high prices which mean good gool profits to farmers that hat Is the stron strongest est factor In the present present pres pres- ent situation A Added ded to tho the wealth of or Od go recent good years ears it moans means that ono large and amid highly hn- hn portion of or the time country Is enJoying en- en prosperity and that this is IR the tc lever Jever ever which will wl ultimately force a return of general business a activity antI and rood good times although few fe look for tor this before well wel into 1909 Doing Better Unmistakable Improvement emont has been noted In the important trans companies For Por tho ho second week In October all al the tIle railroad Sro gross s earnIngs earn earn- Ings so far as received show a net not loss 1088 ess of ot only 84 per cent while August showed a gross ross loss of 13 1363 63 per cent and a net loss of 12 1276 1275 76 per cent On October 14 1 the tio idle freight cars numbered lumbered against t 1392 on September 30 30 and the years year's maximum on April Apri 2 20 23 There have ha been beena a number of very poor annual reports made public b bv by both railroads and In- In Those These however reflect past panic conditions and amid from which the country Is Js surely If it somewhat slowly recovering A notable annual report was that of ot the Missouri Pacific railroad rail rail- rai- rai road oad with 37 per cent earned on the te tock stock against I er cent In iii the pre pre- I lous year Ear Favorable Fa minor Incidents were the s sale lc of or of four pet per cent ent bonds hona by no Rock k Island and the announcement that the the Southern bouthern Railway Railway Rail Rail- Ral- Ral way has completed d arrangements for forthe the tho h payment of ot year four notes notes otes maturing next year It I has been reported that there Is Improvement In Inho inthe the tho ho print cloth doth and woolen industry Tio To Balkan situation Is largely Ignored ig- ig nor ored nored d marketwise although it cannot annot be e said to have o cleared up so that a favorable outcome is Js assured although that hat any of or the great powers will ivill wil now become involved ol hl is regarded as Im- Im hi i H Currency Shipment Currency shipments shipment to tho time interior were ero in nominal volume and this center cen- cen ter cr made a email smal net gain for the time we week k kon kon on this account While hie ma may be further small smal losses on this account developments Indicate an earl early ending of this movement nt Tills This Is a factor making for easier casler rates as the big In Interior Interior In- In tenor institutions will follow their wil usual custom o of sending surplus funds to this market once tho timo crop moving demand Is over 0 Chicago o exchange on this has hOR ruled at a IL premium r several tc cral da days davs f during the tue or indicating a 0 return currency flow O OTho Tho TImo crop moving 10 In lug ing outflow this year car was not noL only well pJ below the tue average a loss 1018 but It has endo much mich earlier earler than usual New ew financial Issues will wil exert considerable con con- Influence on tho ho money rates but there thero time the electon election outcome will havo much to lo do with the tho volume o o. o new flOW securities 8 There wih has hns been further talk of United States treasury operations I ha having haIng Ing considerable effect on moue mOle money rates But no rio action is expected until after election althou although h with wih a n working working work work- ing cacti balance las last t year ear of nea nearly l 33 there o Is general expectations expect expect-a- tUon t- t Uon of or a call caU of ot part of or the go governments government's govern govern- rn- rn ment's ments deposits In the banks hank |
