| Show M THEM FALL IN MINN STOCKS The Ai That Thai Is Allowed by Banks 1 aey on That Class o of Securities Depends on onil the jt ah T 7 letting Getting the Loan Loni 7 Y Tho The rapid decline In the values of I mining stocks stock quoted on the tho exchange yesterday caused much speculation among Imong mi persons as to whether I banks had accepted mining I stocks as al collateral for loans had hod ceased to do so BO There Thero were also many mahy i iwho Iwho Iwho who wondered what per cent of oC tho the values of mining storks could ouid be borrowed upon pon them from rm the banks The principal bankers who have hove nc sic mining stocks n 11 as collateral wert peon reen today generally said salil that they the were sere wele making loans as ns usual ui J Jon on that data class ela cf of lf securities jaw ll one prominent banker anker we ive nevet Mo loans of at amounts near a n as l r r n the value of oC tho the col cal lateral Ion given anti always In loaning our customers rl ra have received more niece on the name Inma collateral c than persons wt WC w did dil not know Cashier Burnett of t Co Ce said sold today todo Where we have loaned money on mining stocks we have gen motey traIl trally asked for a BO 60 pur per tent mat gin on traly paying 1 securities WI Wa Intend Intent to tu take lake care of C our customers and of ot o course coure sometimes accept mm mIn stocks loes as security B Stock brokers broker themselves con can an take better beter care of or per persons sons sane desiring loans lo on that clots class ot of collateral than wa we can because tIme the dont require such Ucb n R large marIJ Cashier Cash lor Cheeseman Chee said that Bros Uros do not make A 1 of taking ns ems collateral loral brat I raining milling stocks bu that the tho loans when so BO made were on onan 01 onon on an average basis ba l of about 85 35 per cent centor or 40 per cent cen t President Knox J nox said sll that the Dank flank Dankof of ot tho ho Republic line has loaned Jonnell and ahl will wi loan money alone on nn mining stocks stach but that on seldom occasion line hns the amount loaned over ben been over 60 GO 0 per cent of the value of tho securities |
