Show FIRM RATES ARE VERY DESIRABLE I Needed as a Natural Sequence to Big Business Activity SOME FOOLISH VENTUREs A Ila tame Homily for Loonfileff I pun ulllblt I Ieldle4116 tral I rod Ilitlin New York Aug liMuch nnn steel talk It heard concerning the lUlu lU-lu or the monty market Firm rates we both probable and desirable for for tom marks 10 non they are the natural itqutnct or business activity and will I exert wholesome restraint upon up-on foollli ventures or which there U I a HUM ready for launching upon a KulllU public Six Months ago the aa aoclattd banks Hood at nearly 111 000 MO today It U trimly 1 110 WO MO but there li I nothing alarming this rtduo lion particularly aa It has been duo to leglllmal and not Speculative causes Hpeculallon relatively ipeaklnir li I dormant dor-mant Jut now while trade demand on the other han I are particularly ur went and tlq treasury finds It dim ult Ito I-to mttl the demand for small notes fur retailers There an tno Interest anxious for high then rates ont the M I der and I the other bear traders As already stated however whllt g X > d rates for monty mm profitable entire art no good reasons for anticipating a monty women crop demands will belittle be-little ir any larger 1 lAn Oiual and the West li I much better prepared for iheM demands than ordinarily Hank rt Serves al Interior clllei or much high air than a year ago and el icago til Ixtuli IJoiton and other center havt recently been ILIIIAL LENDERS In this market Mercantile demands It la north conilltrlng an not likely to Increase In inpoiilon to builiiMi at tlvlly many merchants not being In hand o r any Side t limited borrowing In duttlal act trity Sags ill ho offering or large I amounts or manufacturers pa per I el the big trusts and romblna lion have ample funds 01 their own And are n1 borrowers to any Important extent ao the monty market w II Wallowed W-allowed to this extent or demandi that ordinarily It would hate to net Morris faith li put upon gold Import ni a meant or relief but this Source U I rather problematical Wo teem assured as-sured of another late I reason of large I exports for 1 uropt mint dlnd lame ly l upon ui for grain AM I other products nl better prices 1 that than last year 14har my x I bu our moralities more freely houoh this Is I far front In Prooptrity here bummer will lImu late ImlI and thus Failure thetrade balance vilalle Europe In view 1 or the Iloted tesserves Ot the n great banks our liters 1111 certainly Target Any Im Iant flow of 914 In thin dlrKllon Defiles 10 I n point of oalonavess that will boA Watching specallaticas Itero having reached limits thai will nol traders much pressure It li hardly prudent therefore to utld great expectation upon our ability to draw gold from Iu 1 rope In Important amount In spite or the few uuthorlllti who believe l that because of the strength of condition b er w a can fore Imp rt a W an In I no ipeclal need or gold FIrt Fb the treaiury li I lurfrllM I nllh It gold I li I omln Inlo I our 001T from other parts of the world our production thin year the dirimoctor 01 the Trial estimattal will Increase 17000WO to 110 00 two and hAt of the entire world over ISO WO WO Lvldently there WILL III NO BCAHCITV of It and no great Scarcity of money 1tn move the Inconvenience that may arise I rrom the Inelasticity of our currency ym Ill stock market li mil dominated ojr 1101 ey rates and by rallnu I and In iluilrlul prosperity The two latter In llutnce art teptclally noticeable And how no symptoms or abatement Hold oral cannot be rrlghten Into aelllng I while they continue Main or the better bet-ter oysters 1 of While aro held at ouch high neurei mat luyen cannot u I found In a 5 and I per cent money mar game The tame li true ot t = rail road shares except where Increased dividends can bt Few onbly expected and three latter may continue the ad varier In the next bull market The lowed low-ed railroad chat are now attract ing attention limply because they have advanced relatively little although corrwl ndlngly mith other The In Ili I trials mwclally those connected with the Iron I trade I ore likely Va re celt more attention the WONDr HKUL ACTIVITY In that ranch or Industry rendering nn active specluntion Inevitable The ex cellent protpecti ot dhldenli on many of tie iroitrllii arc likely I to prove Irrcilillble lo the average peculator Iaut I tht rlak nil bo grrat and they will Iw tilt tint to lurtrr when reaction coition IIIr ery long the entire mar ket must how Increaeed activity Uncertainty Un-certainty ai to tilt future of th grope anti I money will then bo removed If datelopmento In theme quarters prove favorable an active I and higher I market I surely folio as on as mon lie comes easier The big I men of tile street believe In higher prices and when they and their follower return from vacations more Interesting conditions con-ditions will prevail The covernment crop report for August Aug-ust contained no surprise 10 IlnUcC1 weaeltt of about WOO bushels of wht which though 10110 less I than last year has Ion excoeded only tlce once In 15111 and again In inn Tito corn crop tromliM > ooonoixx bushels This II I S790000UO bushels greater than lull jear and game only been exceeded once antr I W The less In money value 01 Wheat therefore prom lie I to bo offset b > the Incnait In corn Increne 7 Ai laid In our advlcei lilt week Hiiro li I no Scarcity or wheat In ProC and I the agricultural outlook In gemrnl li satisfactory Tl o gold certificates now being Issued by the government cannot loll 10 give renilbl relief to the currency iitua lon especially In the national bank romervo clllei whir III U mostly needed The 25 per cent reserve now require d I by the national bank low are loKy I made tilt tit greenbor1 The new gold certificates will bin b-in urArrcn BUDSTiTvjrni by the Ink for these greenbacks and t lie latter will get Into circulation and that present demand tilt i curency its I It n become abundantly billiard 1111 Itham on1 thu brides over the crophonoving portrA Without Any seven straln ouch as has bn recently feared ant uslot In Wall street A a disturbing factor This 111I Improve the stock market an Y will bn back courage lo the leadIng lead-Ing operators who havo bon expert Into a urrcn y famine with a disastrous r < sulti Aa own O money btiln to wk member su ki will mOM family a 01 I vancg 04 evrythiriff but the money r J nth market favors Improvement back llENia CLnwa |