Show FUNDS PILING UP IN BANK VAULTS American Financiers Prepare to Deal With Problems Arising Arising Aris Aris- I ing From War New cw York June The G-The The financing of or the war adjustment of or the disordered disordered d dered red facilities of or tho the worlds world's commerce commerce com corn merce merco and provision pro for our o own n cap capital capital capi capi- 1 I tal requirements are presenting their various claims with Increasing urgency to the directing authorities of or this country's swelling resources Tho The huge volume of ot the nations nation's bank surplus reserves while wILlIe stock market speculation speculation speculation specula specula- tion remains quiet is IB due ue to realization realization realization tion of or tho momentous importance of the tasks to be bo performed Details of ot the problem n are re disclosed with each u nka n tAita v nt n of ot th the fe federal e I reserve er b bank or of New e York la lays s 's stress on the importance of or fi financing financing financing fi- fi our own world commerce in instead instead instead in- in stead of or continuing to entrust this to others The advanced ad rate on the new new British loan had the tho effect of ot stiffening stiffening stiffen stiffen- ing the London exchange rate and of ot otIn In inducing renewed silos sales here of oC American American Amer Amer- ican s securities to provide means menns to invest Inest In that huge flotation The loan Sloan through the tile Morgans Mor Mor- I gnus gans which has erroneously been called a a. government project but proves pro to be merely merel an nn arrangement between international financiers makes provision provision provision pro pro- vision for payment of or French government government govern govern- ment obligations In this country by bythe bythe bythe the transfer of or high grade American railway bonds Tho The clastic elastic character of ot this transaction precludes the naming nam narn- ing of ot any exact amount but It Is not likely to assume tho the large proportions recent recently mentioned Gol Gold Imports continue continue continue con con- to flow low in and the greater part of ot the metal sent to Canada in the early weeks of ot the tho year has returned Crop prospects May railroad earnings earnings earn earn- In ings s and reports of ot trade expansion earn I I kept up tip favorable Impressions I |