Show THE HUMORS OF FINANCE If a man happen to be load lead loaded leaded loaded ed up with kopper stocks or railroad securities or some form of depreciated investment the financial situation as explained by New Yorkers Is not with without without without out its humorous phases For Instance Henry Clews who Is something of a literary artist himself says Once more the stock market has under the domination of a astringent astringent astringent stringent money market Business in inthe inthe Inthe the interior is active crop demands are asserting themselves and the autumn autumnal al demand for currency has set in with its usual vigor Coming at nt a time when our bank reserves are low and when our credit facilities abroad I have been curtailed the natural result Is high rates for money mone with a consequent de depressing depressing depressing pressing effect upon securities Secretary Cortelyou Cortelyon has afforded considerable assistance having thus far deposited with the banks within the time limit which expired this week Whether he will wUl still fur further further ther increase these deposits is not notI I known but the treasury balance is now and arid much depends upon the emergency At the moment both speculative speculative and investment I estment buying is appa apparently apparently apparently exhausted A fair recovery in insecurities insecurities securities has taken place from the low prices of August and the disposition Is rather to take profits than to make new commitments when money finds such profitable employment outside of the security market Then Mr fr Clews dews says that whereas this country co has placed loans abroad In previous years ears to the amount of to it is doubtful whether a fraction of that sum could be placed this year Right there Henry stops although it Is the crux of the financial situation Why Europe want to lend us hundreds of millions Mr Clews led up to the question but balked Just as he reached the point H had a delicacy about saying what all Wall Vall street knows that Europe Is afraid of our securities since the disclosure of at high finance made by the most conspicuous security manufacturers of America Come to think about it ft nothing could be simpler than the withdrawal of con confidence confidence confidence In loans on such suell securities though It Is a pity that the good and the bad should suffer alike from the wrongdoings of a few There is another phase of conditions however which h Is more cheerful the crops so Mr Ir Clews says in criticism call for so much m ch money mone that speculators have to pay big rates for call loans Why not Why it a good plan to let the farmer and grain dealer deater the cotton planters and brokers have hare the money at decent rates rather than make them suffer for the benefit of speculators Legitimate business ought to come first In the consideration of conservative bankers and that is what is happening now to the great satisfaction satisfaction tion of the real prosperity makers of the country So long as nothing worse ails aUs the country than a plethora of wheat and corn and cotton the people outside of the speculative centers cantors will m try to be comforted a best they tl ey may Some of them may even be cheerful about it |