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Show MONEY & MARKETS By Jmt McMuIIin TV 1Uv t Vttm a Obiswss Asis))) rV( $4vt)sr9 NTW YORK Vice President Jack Qaraee developed vary effective ef-fective technique, whtn he waa epeaker of the house, of beeping an elephant or two la tha center r tha iUi la attract publle attention, at-tention, while doeen of white rabbit romped through tha wtrg Just eut af eight Esreptiooally Informed Raw Tocher are privately pri-vately convinced that President Roosevelt kaa beea nalnf thla aama technique la recent monlha, that Garner baa balpad hint 4o aa, and that Garnar'a aatanilbla kad'nhlp of tha adnata group whirh flfhtlnf t. D. ft'a prama enurx propnaal la undar aiao4 and tacitly appro4 by hla thiaf. Thla brpibala aaunda fantaa-tla fantaa-tla an tha aurfara but cwwudar tha facta. Tba pUa U "pli tha auprama court baa virtually monopolitad tba poUliraJ hmd-linta hmd-linta avar ainra It waa Introdurad. Tha praaldant'a rl(lnal aiaaaaia mada tba pill aa bard far ron-(raa ron-(raa to awallow aa poaalbla. Tba Whlta Houa baa baaa adamajil for publlratlon la tta rafuaal to acrapt any cempromiaa court prnpoaaL Tha mftranra baa conalatantly baaa that congraaa muat abay I La maatara voira and not ttampt to changa ao much aa a comma. From tha binn!n( tha opposition opposi-tion baa baaa givaa avary opportunity oppor-tunity to caalicata tha propoaal aa outraaaoualy dirtaloriaL A smart politician and not (van hia worst enemies deny that tha pruatnent la onet-doea not go out of hia way to make things tough for himself, yet that u) what ha haa apparently dona. Note also that despite all the furore, Mr. Kooaevelt baa at no lima attempted to force tha Issue. Evan tha opponents of tha measure privately concede that ha could have crammed It through at any time be wished until very recently. A large number of new corporals cor-porals security laauea are ready te bo offered whenever the bond market looks propitious. They amount to several hundred million mil-lion dollara in the aggregate. Prospective issuers and their banker are all watching tha treasury department It la their conviction that Uncle Bam will have te "build up" the bond market mar-ket In preparation for aummer financing. There will be one grand and glorious splash when they all jump In at about tha aame time. Only trouble la it may be big enough to drown tha riae In bond quotations they are all waiting for. Senator Frederick T. Van Nuy f Indiana, ana of tha leaders of tha emoc ratio Insurrection against Roosevelt 'In tha aenata. has a new grievance. Ilia Junior colleague, Sherman Minion, who haa atuck by the White House on tha supreme court Issue, baa been rewarded with a Juicy bit of patronage. Ona of the 110.000 a year Joba In tha new bituminous bitumi-nous coal commission waa given ta I'leaa Greenlee, former aecretary aecre-tary to Governor Paul V. Mc-Nutt Mc-Nutt at Mr. Mintoa'a recommendation. recommen-dation. Tha value of listed stocks at tha and of tha first quarter of JMT waa about 1M per cent of tha aama figure for August 1924, snd for May, 121 Brokers' loans were bout tha aama on tha two latter occasions slightly higher at tha earlier data. Brokers' loans at present are a ahada lass than 40 per cant of what they were at tha other times specified. Financial Insiders call tha current condition condi-tion vastly healthier than tha former for-mer ona and reluctantly concede in private that tha Roosevelt administration's stock market policlea appear to have bean Jua-tified Jua-tified even if as they contend tha raat of tha new deal la all wet Copyright 13T, for The Tribune. |