Show I iR NEWS o p 0 By El th t Harold Hald Ti B. P. P Smoot Smoot Co tb Wire Wl New w Ne York Jan Ja 17 It H may m I b r r.- r. pored ported that this Is I the te view loW of ot on ont one of ot the best bankers bankel In Wall ValI Wal street Those Thos who have have conferred irl wt members member of ot federal reserve board hao have been given sen to that Wall Wal street sot credits situation Is I i n nD longer longor a menace or source j of ot conce to the te board boar The Te head he of ot one on of ot U largest banking Institutions In II Xe Nev Ne York said I I consider technical pot po tion ton of or Wall Yal street now sound sound D Doi Jones t Co j jAle Allies Ale to partly paty lift blockade In orde to relieve population in Russia RUm iv London dispatch to the Times Te raj yI negotiations under vay way between Gu Geu eral cral erl Motors find and d Austin Austn Motor of ot Birmingham Eng England and for tor by former of or pounds pound of ot ht tor's tors ordinary ordIna shares shares 1 United States treasury tJ floating here of bonds issue of part of or an ultimate issue Isse will m bear be-ar be Interest at t ril rats rt o of 6 Ej 63 per cent and run rn for tor four tour years year to bo be underwritten by group of ot I Italia b bankers j Dun Duns reports report commercial failure In United States this week against 1 l Iii i last week cek and last lat year Federal reserve re ervo bank bank plans s supt cuts cut In borrowing of or members member Average prIce twenty 1 off twenty rails rl oU oft ff 07 1 Tho The disappointing disappointing- action of ot the I nur hot ct chiefly reflects the tho blowup of r stock stocks one after another It I has as but I moro than we have appreciated How However 10 ever tho the oil 01 liquidation should no noW pretty complete and tho the general r nir ar kot ket ought to quiet down with a a Et d. d cr tone Men J n high In the tho rall t world expect within a few days daya to loV toi i ablo to forecast tho the main features ho tho new exchange and the railroad market marlet looks much better beter llio be federal federi federl reserve decision to force torce reductions r Ji l loans loas cans will 1 probably not have spec a aA bearing on tho the stocks Morse A leading merchant In pig iron or IT that eastern easter Pennsylvania blast fur furnaces r naces have recently sold an nS rt of ot tons of ot basic baic Iron for tor l last t h delivery delver at t from 39 3 to 40 deliver This price compares with base bae doln price o 2575 for basic baic Iron approved by br board last year DOW ear DoW Dow Jon JonM Co Co The Tho Sloss Sheffield ld company usual quarterly dividend of ot U 14 1 per per- perCe Ceon ce ceon on common payable parable February 18 U. s t l Januar January 30 4 New York Globe says ays Oil st atoc lorl Gobe three months ago ngo the prime A are now precisely pr tho the reverse Sp cul tiva sentiment has swung to the th opP site sie extreme Probably It Is too P pu peS as it was too enthusiastic thea The loaded with J. J public has been wih t class of stocks Hence their un UJ J el I ens 13 t ability as ns collateral in bank loan Joan loans accommodate difficulty of oC securing th il on Oh the mb speculative Interest All AU t t till tillis might wish Ish to extend support Is very clear and accounts for tor tb t. weakness it In the oil oU group quite Quie sU salV whether there Is or I 1 M.- M. nO Anything to the gossip about ll In n the Louisiana field New York Post says The belief prevails in stock market circles th thal t t rediscount rates of ot tho the federal rue ban before betOr I IThe loj banks Janka Its would be bo Increased The belief boier Is based upon S th the ha clearing house association to tOC to allow a rate of ot 21 i per ce t. t Interest town out deposits In Inot on ot of f a n maximum of ot 2 3 per cent v permitted under tho the existing at t under bar the nent As matters mailers stand now rent ire are charging maters 22 21 per cent which f lowe owed in connection with wih the tho th P PT d discount 1 rate Should the V rc Increase Its discount rate ha half Is would be ir iro per er cent tho the banks would I Iter q to o advance the rate on a ang acC I ter tel cr of oC 1 per cent This would ac lug to the federal reserve reser Jil ng detrimental to lo the tho present Ureal In Pan American i I S 8 UI with other oil stocks stocks 1 01 It t has hM no relation with wit Dick |