Show Bl BUSINESS SHOWS STEADY INCREASE The The he General Situation I In n the Stock Market Continues Satisfactory RAILROAD EARNINGS EARNINGS- BIG Continuance of or Industrial it i Shown ii h by of Onions lot for Steel Halls nus Now York May 20 Tim The The general situation In iii the time stock market continues con con- satisfactory satisfactory- In spite of at occa occa- hesitation the volume of ot business busi bust nc ness floss continues upon a large and in increasing increasing In- In creasing wale scale Clearing house bouse returns at leading cities demonstrate this showing a gain of sixteen per cent last w week el and 17 11 per cent the time week before over ovel the preceding year ear Railroad earnings also continue very vory encouragIng ing l six Fifty sIX roads reads in the time month of ot April Apri reported gross earnings of 52 an Increase of nearly twelve tWElve per ter cent over last lat year yeni These are surprising figures In view V of ot the lie disturbances disturbances dis die caused by the coal conI strike which however may be more seriously ly reflected In later Inlet returns return Industrial activity continues unabated Enormous Enol Enor moms orders order have been placed for tor em steel rails some sonic of them for delivery delvery as far tam ahead as a the fall fail of 1007 1907 There are tons already on the time order books booles of American rail mi mills mis and other Important contracts s are pending which will wm soon son fl bring the time total up to a n million million milon mi- mi mil mil- lion lon tons i Money Situation Lower rates are quoted for tOl time mone money with tv-Ith fre freer r offerings which makes make a most satisfactory money sit sit sit- si- si It I Is quite evident that there will wi be money enough for or all al legitimate mate requirements until the time fall fail fal demands de do- mantis mands assert themselves New Nev York has persistently been shifting I Its burden hal bur halden den upon the tho foreign markets When Whelm San Francisco needed money the demand demand de the- mand was immediately transferred to tu Europe an and quite Cuite a number of or our OUI syndicate operations have recently been aided ailed by foreign capital Many stocks speculatively have been carried car car- nod ried quite quie freely in the London market mark mark- et C on better betel terms than could coul be ha lund had here Europe has been taking out our securities with wih rather more freedom of ot late particularly bonds and short term tm obligations The dl disposition of the time foreign markets to oIe offer offe us assistance asis- asis assis assis- tance mince is the result resul of a more p peaceful I condition abroad and our own strong general condition There is no imo reason to fear real therefore the time present outlook although movements movements move mOVe- m ments In prices will wi depend c for foJ a atme time at least on the time dahl dally any price de do- dl- dl |