| Show WALL YAIL STREET TRADE ACTIVE Adverse Railroad Legis Legis- Legislation Legislation lation Not Feared Now Hi Bc n STUART P weST San I nl Corre Copyright 1924 by This The dated da ted Press Pres YORK July H 1 Wal 10 q Wall Streets Street's Interest In the th business rind and world of oC o the pat pasi 1 i eek eek loss hM ha been ben abol b bed by hy the and nod nil nil- rail l ot of the grain nay s ny securIty markets Tho tto extraordinary upturn in it farm prIces price particularly particular I Vo n ti he-ti nod coin ha lies 1118 done mor moro more to tc tosu su confidence ce nee In the tho th out out- outlook look than anything else that has ha o oi currod so 80 far tar In 1321 1925 This h has been blen demonstrated in an 50 n Im- Im un Ire l e advance In rall a i tooke amid nd bond bonds wl which have hAvo reached non nen high hish and ond In the In- In InI in creasing optimism which ha has haa been In and ond spec I e quarter the tho fu- fu tote tuie Not ot only hc has hes the PUI- PUI put pui chasing power of ot tJ the e agricultural anil lets undergone a rapid I for or the tho th better batter thereby ther improving the Uio whole hole economic structure but bue buethe I the effect upon sn tent has hai been striking It IInO It Ds U I JD ID Tho The use Ilse In 11 grab graIl prices tens ns nn aging enough Ii h IP itself but bul th time ruling of ot the interstate coin coin- coin merce commisSion gl the il to reduce Moslem estern rail rail- rallay nay ay It lales lates on glain and grain served Se ed to emphasize th the tho Importance of ot what has hs taken place in ITt the field of III It from irom the public mind the fen feat of o adverse rala igis- igis laion which ba hat has h beer berri pr Ill I'll IIa ig 1 bulnes and opet Moreover er 11 U brought out mare clear clearly the of ol the substantial In the the of crops In lii thi title count v This Ibis enhancement In n rico non on values allies It la Is estimated h hi has Inre 1 s l the thc agrIcultural Health or of the thc nation by over 01 0 er 1000 arcely more than a month 1 TiKE T T Kr- Kr 11 1 It Since the tl o first week weel in June Vo hen th the Bo report of condition of film flim hI III prou wa coca as md miu public at hult it t t us lis high highie hiBle cl le el ie el of the tho sc week eek eek hIt hl hi- hi i Isen ap- ap ap ap 30 cit cent In the tho bu- bu he corn coin hid un an ad- ad ad- ad ad tance of Or ocer o cr 35 36 c c nta and In Othel commodities there veT nero COt coi responding gains She 1 hI stock 11 live e stock industry too hn lits 11 shoe ho it 11 decided Improvement ement A coni com coni- combination of some somo ot 1 them then unforeseen a as recently R a asa a 1 ten fe weeks ato go hRS hns been re- re re responsible fat toi these dc dc In tic the th Case cas ot or what for In- In In when the defeat ot of o un ta un- un fa legislation became it a aCet talt the market woe was allowed to o mo move o 0 under the Iho Influence of at caus causes Producers ot of wheat cut do n their acreage anti this LitlO together with tho bad wea wea- weather ther her and the th late spring and early I Is to result III Ii a it iel in this country ot of 4 4 43 bushels bushel under th the out out- uin of ot a eal ago aso For the orld altogether the Is la expected to 0 be 10 Zest less le I In the crop rop ap- ap appears ap appears pears eara to be b considerably les less than had iad been anticipated and in other supplies III ale aie e e expected to tobo tobo bo HI l educed by unfavorable wea ea weather Icea- Icea ther her conditions condition Corn requirements ha h he hase e been permanently Increased and the theorn corn orn Clog Is likely to be tho the small small- est ct St In years with Ith an unusually mall carry over Iron fron the old h eat st RUL R stR stIll Ill STOCKS BI All classes clase of railway o securities O participated In tIc lle spirited UPI inc Ing on the tho tock stock exchange an md l for tor this there can be b no doubt thit the tile agricultural situa situation I tion ion has been ben largely responsible high grade erade issues got gotto cotto to 0 their best belt prices price for tor the ear It t l Is true that th the ti e e tl cindy emely easy money noney conditions havo been a factor actor however another factor has sac come Into pla pIa Wall Street looks for tor an era of o r con con- consolidations con consolidation On this round ground the in the rails has hias lia taken III is a large larce number ot of o the tho non non- non dl pa er the stocks ot of chich have shown hown either medi mediocre ocre earning power 01 ot have hove In hc past dono done well ell to earn Interest cha chaiees Speculative Ins Ins- im has been ben firs d b bi the possIbilities of o mergers but ut at preB nt these have hav only the lie tumor junior stage The Th approval al oC St tOte the Interstate commerce comm com corn commission mission In each case cas b be necessarY the r wolY earn earn- Inci carn-Inci Ing logs have been beon be n the average ai 11 or of a lear ear ago aeo and It t H r Il alo ato 0 no that the carrIers III undergo any quick change chango until business ha l has as shon sho n more of ot an improvement than recently rc noted Y IILA TR I LG G rite Tha available oC or money noncy for tor investment add e purposes has haj been favorable to the bullish demonstration In the railway shares and In groups group ot of Industrial which have hav been bean bid up on reports report of better bust busi business ness flees ne In the line lines o of trade trad hey thoy represent She Iho of ot tran trait transactions on the stork stock exchange hs been ben heavy beavy all nil through neck eek exceeding a million shares daily on the tho In Ia the foreign the notable renco w was the oh In sterling inge ng early In the th week eok But Interest In this thin quarter dwindled d en o far tar as o the changes change could be taken DS as asa asa a gUIde Elude The Th exchange mal ket WI was simply imply a more mor news regarding the tb at tho Inter-allied Inter conference on 01 rep rep- reparations reparations rep reparation |
