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Show ISSUE OF COTT! : ID Lli BILLS Muddle Among Bankers Gives Rise to Speculation as to Result. By I,eased Wire to The Tribune. NEW- YORK. Sept. 17. The action of the great Joint and continental banking-, interests in voting not to accept cotton bills of lading validated by American railroads and 'the subsequent reply of the American bankers has caused discussion among financial interests as to what effect ef-fect it would have on the money market mar-ket should this action be adhered to. What would happen If the foreign banks declined to "accept" the bills issued, is-sued, caph year against the $400,000,000 exports of American cotton would depend de-pend upon circumstances. If the Amerl-can Amerl-can banks attempted to Hnance tho marketing mar-keting of the crop without the co-operation of European institutions, the banks of the cotton' helt would unquestionably have to secure largo loans from their New York correspondents. The result would be a temporary tightening of money rates In this market. But tho crop would bo moved quicker under that system nnd-bankers nnd-bankers who have studied the problem carefully declare, that tho bank here would not have to make advances longer than one or two weeks on oach shipment. Tho operation might be troublesome, however, if tho money market was burdened bur-dened with the crop moving demand from tho west nnd mlddlo west, or If tho New York banks had other largo outlays to finance,. |