Show l I I t tl l Credit Deflation I Is Complete i By Ira C. C Ti h no I from front various various fin financial financil cj l' l centers indicate that the era r. r Ri R of credit inflation has d definitely come conic t to ts an au en end and that that f for loans loatis t f being more readily granted an and at at- J rates for bO bowers b in in the more des desirably list ire 1 ed Discussing t tl ed financial situation the ho Do Boston Boto ton News Bureau I t the the thc season progresses more thought and co consideration are arc ts that I. I E. E fles Pg r r cn feli the crop moving mo and other autumnal demands Stud o or tho urns made by federal federl r reserve Str e bar ban banks s during tho past six Rix weeks week for tor stance shows that tha the tho down downward ard movement mo o of credit extension probably cd low point a about out the third week In June une when the total of dis- dis counted r d bills bis held by tho the reserve banks was Since then ten there I II I jis has been an upward swing and the last lust reserve reser e statement shows that some somo I t I. I or more has been added to the bills bis account account The members In Int f hort horti are arc beginning to let out their funds more actively a n circumstance shows hows a n twofold Influence On the tho one hand the banks in man many part parts of C the th te country c are ae at at last coming to feel feci that the long lon desired turn In r Business ss has set in and the they may now noW safely finance it in a lar large larce e measure J ol j t a a f few concerns hn have e become thoroughly liquidated and are arc as as good f Jp applicants for credit credi as OR thc they are arc Ikel likely to be On tho the other hand many are now making applications to cover er co autumn needs in connection It crp crop movement mo while In some Bore parts part of or the country countr the crops themi them hem i ire re beginning to call for financing There is a very vcr general opinion bankers that agricultural prices are wel well down toward bedrock andr and r m this It Is an easy Inference that they arc are safe In In lending mone money with It pro products as security It I may 01 be expected that there will wi be lie le a stead steady growth jn In the amount of credit extended extended barring of or course courie unexpected o or or unusual pc occurrences curr ces from now until autumn and that In the autumn a more normal noral noralL L of things should develop The The situation locally Is improving at a rate corresponding with that of the country countr generally This Tills Is proven b by the number and extent of or loans i nOW OW b being made especially for tor building operations The records show a n constantly Increasing number of oC instruments being filed in connection wih with transactions ons of or this character Last month the percentage of oC increase In construction n operations in Salt Lake was greater creater with wih one exception than In an any other et city in the Twelfth r reserve s ne district and it is predicted that that July Jul will w I show a n still further increase i. i i It 11 I ls l's confidently expected that Improving financial conditions will wi result r in in an an Increase in stock elock market market- Tho The indications arc are aret t that at a I turn tur t already has haa ha been experienced In the local market and that desirable stocks stocks' are inre arc being picked up at record low prices |