Show II Financial Situation I SO MANY people are talking so glibly abo about t the tight money market and making d dire e predictions ions of financial disturbances r that it it seems almost useless again to make the assertion that money is tight only to the extent fiat at it is being withheld fro from those who would use it for speculative purposes or to make unnecessary expansions along industrial lines and wit with the object on theother the I oth other r hand of providing funds funds for those interests whose further expansion is regarded as an absolutely safe move and really as s a public necessity However the repetition of this declaration might have some good effect if ac accompanied ni d by the recounting of an incident which conclusively proves the contention This w was s the sale last wee weeK of equipment drust ce certificates of the Pacific Fruit ruit E Express press company Announcement of the offering of the certificates was made in New NeV York during the morning hours and in the afternoon the statement statement statement state state- ment was issued by the bond company handling the deal that all of the issue of of certificates had had been sold 1 w It is true that the issue carries 7 per cent interest interest and that t the certificates are jointly and severally gu guaranteed by the Union Pacific and the Southern Pacific Railroad companies but the main main idea in connection with the affair i is th that t the loan was being made for for the purpose of providing for a necessary increase in th the facilities for transporting products of which the mark markets ts of the country will wilt be in need The fact that this really immense amount of securities was was fully subscribed i in less than a business day sho should ld be recognized by the most pessimistic as proof that there is money in p plenty enty for all really necessary and logical logic l forms of ind industrial and business expansion and the one instance should be sufficient to silence the yoke voice ice of every croaker |