OCR Text |
Show " - - v 'V C:.I:-j3 l' ::-.:: C:r.: , - -t.'r-. ...1 - -.. --- Ci - - . tors Will Ccur.tr:'. CHICAGO. March .--Characterising the slump in stocks as a "New Tork affair," af-fair," and declaring, that the agitation relative to the railroads has had little to do with, the Wall street panic, Chicago bankers asserted yesterday that they wore not troubled over the outlook and that Chicago and the middle West would be In nowise affected. There was manifest among: the banker, bank-er, with perhaps one or two exoepttons, no alarm or mlsorlvlngs. The .consensus of opinion was that the rate for money In Chicago, 6 per cent, would not be lifted, lift-ed, that there are millions In reserve here which can be utilised, and that the country- at a whole Is unusually prosperous, pros-perous, i- - One other Idea of special Interest also was expressed. It was that the "bumping "bump-ing of the speculators'' out East will do the Nation, as a whole, good. The local men of finance consider the bottom has about been reached in the Wall street slump and that stocks, instead of being too low at their new figure, are gradually approaching a fair valuation. James H. Eckels, president of the Com mercial National bank, was one of the financiers who looked on the situation' with some pessimism. He claimed, bow-ever, bow-ever, that there la too much agitation and that the railroads are being unnecessarily assailed. James B. Forgan, president of the, First National bank, did not go quite so far, but said he felt that the wave of antagonism antag-onism against the railroads may have had as much to do with the stock market mar-ket slump .as any other single influence. |