Show THE FINANCIAL SITUATION Brief llctien by Henry Clcvrs the New > ork Haulier Under date of August 26 Henry Clews writes from New York as follows concerning con-cerning the financial situation The condition of monetary affairs is improving and to a greater extent than i appears on the surface So long as the banks have to restrict their cash payments pay-ments and currency is selling at a premium appearances must be unsatisfactory unsatis-factory but although these features still remain a great deal is being accomplished towards their removal The arrival of nearly thirty millions of gold from Europe and still more on the way and the issue of twelve millions of bank circulation cir-culation all of which has been accomplished ac-complished within the last two or three weeks cannot possibly fail to work out an immense relief The banks of this city must now be on the verge of a restoration re-storation of their reserves to the legtU limit and there can be no doubt that the country banks are holding much more than the average amount of cash When these facts become officially declared the spell of the stringency will be broken and confidence and ease will gain rapidly In the meantime there are distinct signs in the interior cities of a more decided turn towards recovery than has yet appeared v at this center |