Show I I j I RAil CONGESTION HURTS On Artificial Rallies Rallies Rallies' i Are I Shown in Market i i 11 New York May Ia 15 The Tho Tho bank statement statement state state- ment today showed surplus increased loans Increased and net demand deposits increased S 8 Tho average statement showed sho surplus decreased U. U loans de decreased decreased de- de creased and net demand de deposits deposits do- do posits increased Tho local federal reserve bank sho showed ed a ratio ralo of or per vel cent of ot re reserves no- no r- r serves ser to not net deposits and federal re- re re servo notes combined compared with HI a week week ago Tho The stock Market was so overcrowded overcrowd overcrowd- ed with shorts that a slight buying movement moved prices up in nearly all al departments Net gains were small smal but tho the tone of the days day's trading was strong The upward movement was not taken seriously by Important brokers who warned customers In commission houses to wait a lets few days before taking tak tak- ing ing- any decisive decisivo action on either side The rho chief concern was over tho Ion of traffic on the tho railroads because this Is not only restricting restricting- credits and multiplying loans but Is reducing the earnings of concerns that cannot get row materials It was felt that tho only relief possible was from the Interstate Comm commerce erce corn commission m iss io n wh which ich has power to grant an increase of rates thus putting the railroads in funds and making an Increase of wages possible Until the tho railroad congestion is Js relieved no hope can bo be entertained of mere mure than fitful and purely artificial rallies in the tho market With tWo the railroad situation relieved It Is possible say the tho leading bankers to have a recovery for a time Tile Tho railroads are arc so full of freight oven even now that It will take tako weeks to clear it all and by that time the crops will begin to move New low records again in Liberty Is Issued issued is- is sued disheartened the Investment bro bro- hers kers Strength of United States Industrial Alcohol Is attracting much attention The Tho high price of gasoline is bringing the tho motor fuel made by this company into competition The Tho company Is sellIng sell sell- lag Ing its new fuel In Baltimore at nu numerous nu- nu stations and will extend to all other cities as rapidly as mechanical facilities can bo provided The Tho United States Food Products also has a fuel that It will put on tho market if gasoline gaso gaso- line goes much higher |