OCR Text |
Show 110 KEY TfE'D I fliEY MARKET'' NOTICEABLE Dullness, Narrowness and Relative Firmness Out standing Characteristics ' NTW YORK, March M A aid from pa Mcastoaal variation la call money von 4 I-I I-I Ion a la New Torli there ta Hill fresh aiyS uf any new trend III monev.' Dullness, narrowness nar-rowness and relative firmness nmim th outstanding characteristics, with banking opinion generally Ir-rlined toward In accenting ac-centing of such rr-ndt lions la the brief rater-vat between Mow and lb tag payment ait certificate redemptions at tha middle ' the month. Vns i iislnr reclamation in metropolian rates, at evidenced liy a fmfinrsrjr esrsthf -off tn - per cent and the maklnr oi moss, of the It ay a loans at that ffcura rather thaa i at tha renewal rat ol 7 par rant, la ajtrtb-i ajtrtb-i uted t a moderate Inrraass In forratxiRdml I balance Thl la possibly not nconne. ed with aama iNrther progress tn parts -nt th Inimur In a tr (cultural liquidation apd 1 tn part to tha clearing up of aoma of IM March land settlement Likewise a. eery-quiet eery-quiet borrowing demand la part of tpa equation, aa a result of tha light yolpirio f security trading. Pom a loan a ara uaHf stood tu aav been mad a In tha "euiaida merit: at a ah ad bain w 4 pr cent. It la tha common opinion of back ara tna a great deal will depend, .aa to tha course of mi reel ralaa and loan rapacity dunhg tha nes i f r w nion ( r a. on t ha speed wr h which commodity Hquidetlon and price readjustments re-adjustments ara carried through In certaia idea lir ouch processes ara yet rllle-f i .acorn piste. . " Likewise, a good dnl will depend Ofl tha j degree in ahii h prophets of a general new , impetus In Industry by tha late aprlng prov c-rrert In their forecasts, rather than thoea I of mora conservative mind who do not look for any bitr broadening In buinas prtoa to the fall. In other worda, tha limn clement. I at fttf a roneidarable period peat, rrairta the large problem as regards tha Working out of tha credit deadlock. |