Salt Lake Telegram | 1921-08-07 | Page 23 | Easier Money Greay Feature

EASIER MONEY GREAT FEATURE Expansion of Business i in Various Directions Now Is Expected NEW V EW YORK YORI Aug C. C The C.-The The outstanding development of ot the tho Industrial financial situation sit ell situation as It Il U is I unfolding Itself Itsel In this year H Hot of ot general readjustment U is I the broad brond casIng easing cal cal- cas Ing of tho the mone money markets Emphasis has hns be bo been n con constantly laid lall upon this but Its It fundamental fun fun- character ter warrants comment comment for forIn forIn forin In tho the same manner mann r that business s men t two yearn year eara ago S were stating statin that we wo worn wen wel In Ina a permanent era tra of ot high prices bankers banker I were proclaiming that It 11 would tak take tako years jears ears to bring brinG mon money y rAt rates back to normal which men meins 6 r BH per cent cent I Yet Tet tho f federal r rp reserve nervo eo discount rates have havo already alread been reduced three times this year ur and d 1 are aTO now virtually on a n Vi E-Vi 4 per percent percent cent basis bull the this government 1 is I. I now borrowIng borrowing borrow borrow- ing on Its certificates at t 2 por per cent time timo money I. I M b at last seeing the bor borrower ower In Ine New e Tork York at under the 6 per pe cent level leveland leveland and call cOn mono money rates havo have been down n within with with- in a G week as a low ion loW n ns as 3 per cent The most pronounced easing casing has his perhaps come rome In the tho past palt week weel or 10 two just jUll when the crop moving requirements have been en I I getting under WI way There Thero I is no question ns Re to 10 their genuineness us ua tho the failure of oC the tho Southern and ond ondel Western el rn r reserve e bank ra ration ratios ra- ra ra- ra tion tOI to rise rico 1110 attests If It I tho the federal re reIn reserve reserve re- re serve In system can continue to gain as a It still I. I li is gaining at this thin time tho the QU question anise whether sharp spurts will not when the u agricultural dl districts are over o the hilt hill hi and whether a C 6 per cent din die dil count rate rato In tho the late autumn Is not likely I Easy Cany money to be bo sure Is la a a reflection of ot poor business of oC Idle Industrial funds accumulating In tho lie big bl financial centers nut But without easy eny money expansion In di directions directions di- di 11 I where whre expansion Is needed and warranted viz building transportation and nn public utilities activities nell neglected Cled during the he war wor inflation cannot be bo effected Railroad Railroads Rail Rail- Ral- Ral roads road most moet certainly can con utilize credit credi The Tho period of ot easy CY money now at hand band hanl does toes not coincide with wih the tho overproduction and or o of ot g goods of last year rear Manufacturers are aro nr every n hero curtailing cur cur- tailing now to conform to tho the lal sales sale 3 curve curvo antI and Ih shelves l e of wholesalers and retailers are iro badly denuded A buying movement if It it eventuates which will not be restrained by credit tension will wil expend Its Ia force In Ina a 1 totally different environment from that of or last year