Show bankers tell of prosperity new high record made in savings accounts per capita total As the result of an unusually prosperous year in 1926 coupled with a growing tendency the part ot of the american people to save their surplus there has never been a time perhaps according to local bankers and bond selling houses and deductions drawn from the reports of large national institutions when there was a greater accumulation of 0 money in this country seeking an outlet tor for profitable investment despite evidences on all hands of tree free spending says bays a recent report on business and financial eon con dit dillons lons ot of the national city bank ot of new york the american people have been making a better record for saying saving than they are generally given credit tor for this publication points out that three million more persons ownie savings deposits at the close of the fiscal year 1926 than at the be bein begin in ing and that there was an increase of in the amount of funds oan deposit at ita total deposit savings reached a new high record for all time the demand for investment has been extraordinary the only limiting factor in tin bond business has been the inability of distributors to supply the issues as fast as they are wanted this statement coincides with the experience of salt lake bond houses which report that since the first of the year there has been a brisk demand for all of thi seasoned bonds and dividend paying stocks of thi the larger corporations in this region some dealers also say they are finding a scarcity of municipal public utility and industrial bonds and the indications are that prices will advance still further as the year wears on while interest rates will experience a corresponding dec decline lirra this it is pointed out is the result of the great volume of money seeking investment if the rate tt of interest declines as it Is expected to it Is considered probable that the year will witness a large number of refunding activities with large holders of ou outstanding bonds refunding their high rate bonds into other securities bahring low interest coupons financial men warn that a time of large accumulations of money waiting for investments Is regarded also as a time for tha people to be on their guard against wildcatters wildcat and promoters of fraudulent stock I 1 j selling schemes |