Show I MONEY PLENTY SAYS Banker on From Europe Tells of Financial F There FAVOR AMERICAN STOCKS GREATEST CASH SURPLUS PARIS HAS EVER KNOWN Money is plenty In London and Paris and American securities are finding favor with English invest investors investors investors ors according to W S McCornick Mr McCornick returned to the city yester yesterday yesterday yesterday day after a vacation of nine weeks spent in European travel including a stay of r three weeks at Carlsbad where lie le went with Mrs McCornick in order that she might have the benefit of or the famous baths During his stay abroad Mr McCornick McCornick nick left all business cares behind and took a complete rest The result is ap apparent apparent apparent parent in his improved appearance appearance During my vacation I visited Eng England England England land Austria and France Mr Mc McCornick McCornIck McCornick Cornick said yesterday and spent three weeks at Carlsbad where Mrs McCornick took the baths While she is not strong and is somewhat fatigued from travel her health is good My Myown Myown Myown own is improved by the rest and change of scene I tried to forget business cares and leave all worries behind me meI meI meI I received only one cablegram on my trip and this I answered That was the only business I considered during my vacation We Te enjoyed delightful weather dur during during durIng ing the whole trip There was not a storm between the time we left Salt Lake and our return There was was a lit little little littie tle tie thunder shower for a few minutes at Carlsbad but only enough to cool the atmosphere and make the town even evan more delightful Met Salt Lakers At Carlsbad we met Mr and Mrs Samuel Newhouse Miss Moore their niece accompanied us as far as Carls Carla Carlsbad Carlsbad bad There were many other American and English acquaintances in fact there was quite an American colony there The financial condition in London and Paris the only financial centers I visited seemed s emed to be excellent The Parisian bankers say that there never was before such a surplus of money as there is at this time The same con condition condition condition prevails in London Friendly to Americans The financiers of these money cen centers centers centers are very Yer friendly toward Amer Arner American American I ican lean securities and they are looking more and more toward America for In Industrial Industrial Industrial investments In fact Ameri Amen American American can securities are looked on with great favor by these men menThe menThe The Tile securities preferred are Amer American American Amerlean ican lean rails or railroad stocks Ameri Amen American American can steels and other standards The European financiers do not invest largely in American Am mining shares their attention being directed to the properties being worked or developed I Ion on their own continent and also toward the Rand or South African stocks I 1 might add however that there are large blocks of American Smelting Refining stock held by London and Paris particularly Paris These stocks are being held and are not being trans transferred transferred transferred to any extent the owners look looking looking looking ing upon them as an an ai investment rather than a speculation The fact is that 7 per cent looks good to them |