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Show EASIER MONEY IN SPRINGEXPECTED Farmers, Merchants Paying Off Reserve Bank Loans Xl-JW YORK, Feb. . Technically peaking, credit la easier, although It has not been reflected very largely In quoted rates for money. Brokers thought several weeks ago, whea call money dropped to 4ft per cent and ft per cent In the outside market, that Wall street was again going to enjoy easy rates. r.ut the market at that Urns was artificial. Funds dumped here by corporations and nonborrowtng banks had the effect of breaking the rate. Since then Wall street rates have1 firmed slightly, ltegutar Interior lend- j Ing banks would not permit their funds to he loaned In New York at such fig-j lures. They withdrew their money. 1 I Some lenders at the lower raeea. after j leaving their money hero a few days, i likewise found other uses for the funds. , All this threw the burden on the New York and regular out of town lending lend-ing banks. It naturally caused "shopping" "shop-ping" by borrowers, with higher rates as a result, fall loans now commanded com-manded 7 per cent, while bankers are also Raking 7 per cent for time obligations. obli-gations. This rate is on a par with reserve bank discount rate. The money rate In at leant stable. Nevertheless, rates will soon work lower. When the New York call market mar-ket eases. Interior lenders will not be so hasty In withdrawing funda, as they will not be able to employ them to better bet-ter advantage at home. Km ports from crop centers are that grain Is moving more freely, and farmers are showing at least. This will cause banks In t hose centers to employ these funds through other channels. Reserve bank borrowers will begin to liquidate their xk I i I IMM SlWSSS.I' HV llllF MM loans are paid off, a goodly sum wlli flow to the Kant. Again. Kastern banks also have large loans with Western and Southern correspondents. cor-respondents. As crops are moved those banks will liquidate their Kaatern loans, affording hanks 'here opportunity opportu-nity to increase accommodations. Hankers admit the trend of money rates Is downward, and that early spring will see an Improved money market all around. Commercial demand de-mand for money Is also materially smaller, which is only natural with Industry In-dustry In a hesitant stated |