Salt Lake Telegram | 1920-11-21 | Page 33 | Banks of U. S. Are Taking Care of Customers

I BANKS OF U. U S. S ARE it I I TAKING CARE OF I CUSTOMERS At Same Time Advance Is I Made in Eliminating II Slow Paper II Financial conditions have held their own well The the federal federal federal fed fed- eral reserve system shows an ample margin margin margin mar mar- gin of ot liquidating power while comparison compari compari- son of ot the discount situation as contrasted contrasted con con- with former months indicates Indicates' a progressive advance toward the tile elimination elimination 1 nation of ot slow or doubtful paper notwithstanding notwithstanding notwithstanding not not- notI I withstanding that there has been no reductIon re reduction re- re of ot loans i aggregate granted re-I re to the member banks says Henry Clews' Clews market letter Throughout the country generally the capacity of the banks to toke toke ke ke care of ot their customers is Is in gen- gen t. t 41 1 unquestionable the principal problem I lem being that of distributing and carrying carrying carrying car car- the losses caused by paper shrinkages shrinkages shrinkages shrink shrink- ages In inventory values There has been beena I a steady and encouraging growth In the investment demand evident in the ni market market mar mar- r- r ket and investment houses report that the attitude of ot the community toward foreign securities is decidedly better than II has at any time since the war Progress been made during the week toward the I I further development of export financing plans particularly the project which hasche has hasche I che he support of the American Bankers Bankers' association tI Although lt U there h has hI been ge a I t further decline in exchange c which es established es- es S new low levels in some of the principal European currencies this tills Is I not out of line with what has been foie- foie seen as unavoidable for a good while past owing to the large accumulation of ot I balances carried on Oil the books of foreign louses and banks A further movement Jt f gold into the United States this time I rom Russia via Sweden has been a a. of the weeks week's s development l Further urther anno announcement of railway Y earn- earn during the week has confirmed the I union based on early reports that the ew schedule of rates established by bye I e Interstate commerce commission was kely Icely to prove adequate to the require require- and that In the case of the well 1 managed lines at least It would be sufficient dent clent to take care of the charges regularly regularly regularly regu regu- I to be met by the companies For this reason in spite of ot the difficult COnditions conditions con COn- on the stock market railroad shares have in many cases shown a continued continued continued con con- ability to maintain themselves Notable Notable Notable No No- table examples are afforded by Southern Pacific and Reading and one or two other in which I new t financing plans have lines I furnished r ls edw a basis sr of t tt confidence c in future Pacific value The proposed Southern distribution has naturally called attention on onto other stocks which voluntarily or in involuntarily in- in to voluntarily ft J. J e e on the eve of ot making distributions and has also created many some of which no po doubt are without without without with- with rumors foundation that stockholders of other other oth oth- out companies may mav have something In er also store for them Better conditions In public utilities In th j-e. j cases exist reasonable basis of ot earning ea has where allowed a to be established In others ethers been the case of the Brooklyn Rap Rapid cl Transit na RS In system WhOM s operating results during the past week made public w weE weE-c e deficits are arc clearly duo to an unfairly there Ism is schedule of charges charees es but low throughout the Country a deded derided de- de manifest m change In the attitude of the pubic public pub- pub ded this question of ot rates while the He lic filling falling on mice of materials and equipments equip equip- should shortly horty assist very mate- mate ments In bringing about more economical conditions of operation