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Show 10 v AUGUST 23, ll920. THE SALT LAKE TRIBUNE, MONDAY MORNING, t k. GASOLlNEALLEYINWHICHWALTSPRlNGSAZFEWZAUBlS The Man of Business: Whether employer or executive, professional man, manufacturer, jobber, retailer in fact, every person of affairs whether still - working: toward a fixed goal or comfortably enjoying the fruits of efforts and of invest-.- , ed sums, will do well to provide a. harbor of refuge an invested capital safe from the uncertainties which lie in r , every course. Trust Plan, will do it. - It is The HaUoran-Judg- e carefully worked out by minds which have for years studied and observed in the field of investment. ' -- I The Man of Business owes it,' not only to himself, but to his family, to become posted upon this excellent plan. Ask for our booklet. t h ffiNE-RA-L CflEDII IN U. SITS IMPROVEMENT SEEN -- K BUSINESS CONDITIONS ,r Crops Indicated in Recessions ;i 'i j. By By Chicago 0. Deposits. A. MATHER. Tribune-Sa- lt Lake Tribune Special. Aug. 22. The shifting .ot credit resources of the federal reserve system from the east to the west. In preparation for the autumnal demands incident to crop movement, was betokened In the hank statements Issued yesterday, The real demand has not yet begun, but from now on the Statements should reflect the pressure of legitimate autumn - requirements on the credit market. Between August 15 and November 28 last year loans of the twelve federal reserve banka expanded 2592,000,000. The reporte of the New York and Chicago federal reserve banka were Indicative ef the shifting of credit requirements, the former showing a decrease and the .fetter an increase In loans, while both showed recessions In deposits, although the government Increased ite balances at both Institutions. Both Increased their purchases of commercial bille In the open market. The New York Institution showed a decline to loans of 217,683,612, those on gov 212,235,763 eminent securitise receding and those on commercial bills decreasing hanks 25,469,969. ' Other federal reserve decreased their borrowings by 22.081,956. o (hat the member, hanks lowered their oy 815.598.656. The bank Increased purchases of commercial bills In the market by 23,663.917. so that total bills on hand receded 214.219,696. CHICAGO, I By W. S. COUSINS. YORK, Aug. 22. Securities surveys, one significant observation being on the New York Block exchange that as one consuming field declines because of seasonal or business Influences, have, for the past week or so. another seems to step Into Its place. maintained a neutral or waiting Taking the automobile Industry, which - attitude tuwaidtndusti litU events to admittedly less active than to the spring, the steel makers find that and credit conditions at home, and po- early contracts held In abeyance or cancelled litical and military news from abroad. can Immediately be switched to the manWall street has always prided ItHelf that ufacturers of farm Implements, machinery and tools whose demands had been It was able to 'discount coming events, unfilled before because of the and that therefore price changes always of mill space for sheets and steel burs motor the fundamental by not companies. The closing of follow, precede, amf such a gap between production and conchanges or revolutions In economics and sumption Is a decidedly steadying Influbusiness. Nevertheless there Is always ence In room for the unexpected, and sudden like the periods of business uncertainty present transitions or transformations have never failed to exert their Influences upon Denied. Loans New naprices, from nuld to chaotic, as the ture of the case might be. The strain upon credit due to crop There has been little apprehension In harvesting Is now well under way. The the big flnaniial dlstiict concerning mil- banks are striving to allocate adequate itary conditions in fclurope. But the bears, amounts of credit where they are most who have seemed thus tar to profit by needed tor - the all important, task of every new turn In the tide of economic-events- , conserving the perishable source of a gladly seized upon the prospect vast portion of the nations wealth. The of European war clouds In order to gain process is, and has been, fully reflected their point. Many stinks are now sell- in extraordinarily high money and credit ing at their lowest point Tn the year, rates and In the denial of new loans tor while others have receded to a lower pomany Industrial purposes. No doubt sition than they reached even during the some business to suffering in the process. long war period. The bulls continue Liquidation ot goods at the best prices their exhortation to purchase stocks at obtainable has been and still is being present levels, saying that not again forced by the inability of holders to within a decade will such tempting barfinance themselves In a market which has been made unsettled by the relucgains be laid upon the counters. tance of the public to buy. A hopeful development Peace Prospects Dimmed. has been the reporte of the manufacturers In nearly As to future prospects, nobody Is look- all industries a of general. Improvement ing for a bull market or even a sustained labors efficiency In the last four ot modest adeem e until the atmosphere of a clears considetably. The question of Bve months. Labor's Inefficiency of Its year ago, combined with Its strikes. whether Europe 1h to have war or peace continual more for and demands wages is yet to be decided, and recent developrestlessness, ments have tended to dim the prospects shorter hours. toItsa general score of different of peace somewhat, hut It Is probable was assigned aftes-wa- r let down, to the ITiat the market has discounted the worst causes, to an of leaders, to radthat can happen in Europe A new war agitation ical ideas, Bolshevist propaganda, a new Is not desired anywhere outside of Rusetc. Doubtless these elesia, but if It comes a solid front In West- philosophy. ments played their part, but the main ern Europe Is essential, and that is what cause was the familiar one of demand we may look for. Russia Is formidable exceeding Bupply. Workers, skilled or unonly as long as she escapes first class skilled, or Inefficient, could get efficient opposition and Russlrf probablv knows without difficulty; they were under that as well as the next one Englands Jobs no fear of laid off; there was no policy Is preferable If it succeeds, and Jus- reason why being themthey should exert tified even .If it falls. But selves. with a change in the situaThe report of the International Mertion has come a change It cantile Marine company for the year 1919 Is Interesting to notice that In the trades contains a number of facts and sugges- which have been which have depressed, tions which should be of benefit to those who are interested In developing an ef- gone on pert time or have laid off men. fective merchant marine for this country. the ImprovementTheIn efficient y has been recent action of the Emerging from a condition bordering on mqst marked. a few .yearn aSQamLlwUh bankruftcy accrued dividends or, the pre- qualftvofraU- ferred stock amounting to 68 per cent, way labor generally. Increased efflclen- the Mercantile Marine has become one cy will do to much manufaccompensate of the prominently successful business for lower prices and smaller volconcerns of the country For the year turers ume sales. of 1919 the company, after meeting all fixed chargee and operating expenses. Including and maintenance charges for repaiis. overhauls, had a net surplus of 317,719,931, liW New York and Chicago In- stitutions Show Some ' , Deposits Decline. Gross deposits declined 26,403,657. de In governspite an Increase of 215.061.747 ment deposits. Total gold reserves ln- Imports during the week. Total earning asIncreased 210,909.027. sets expanded 210,707,696. Federal reserve note circulation Increased 21,600,580. The ratio of reserves to deposit and note liabilities combined rose to 39.5 from 38.2 per cent to the preceding week, while the ratio of reserves to net deposits, after deducting 40 per cent gold reserves against note circulation, stood at 39 per Federal Reserve bank The- - Chicago showed an Increase In loans of 36,622,022, those on government securities expanding 36.044,280 end thoee on commercial bills hills In Increasing 2577,742. Purchases of so that the market Increased 31.922,862, 38.544.8S4. total bills on hand expanded memIn the Increase loans, the Despite ber banks reduced their reserve account N -- rtrtthe TotalFveili1"? i! 1 by 212.010,351. Earning Assets Expand. r3 : f4 ;f , J Britain Leads in Tonnage. I Statistics show that there are at the time seventy-tw- o ship engaged In transatlantic passenger trade. Of these twenty-tw- o are operated under Rrltlsh registry, sixteen French, twelve Italian, eight American, six Spanish, four Dutch, three Greek, and two each Norwegian and Swedish In the matter of gross tonnage the British registry enrolls 0 tons, the FLeuch.lstl,iut, the--, American 101,100, and the Italian 80,500. From this-I- t will be seen that only about of our passenger trade la under the direct ocean operation of American-controlle- d ships. Under the La Follette Seamen's act. similar In operation to the "full-crespecifications Imposed upon the railroad companies by a few of our stpte legisla-tprea number of unfaif grid unwise prescriptions were laid upon ship owners, especially In regard to the rates or wages of their crews. So onerous were these burdens that all hope of successful competition with foreign ship companies was at once destroyed, and many of our ships were either sold to these competitors or Transferred to foreign registry. A new shipping act has been framed to aid our ships to successfully compete with foreign vessels for the privilege of cs rrylng at TeastTt part of the merchandise we buv from or sell to other nations This la the --Merchant Marine act, end, In addition to laying down rates and regulations relative to foreign commerce, it provides that only vessels of the United States shall participate In that part of the water transportation when merchandise moves between points In the Untied States and Its possessions coming within the coastwise laws. i. i one-nint- h Total depostts declined '35,931,631 despite sn Increase of 36,468,896 In govern ment deposits. Total gold reserves re ceded 88,974 835; total reserves declined Federal reserve note clreula- ,049.858. '39 tlon again Increased by 33,394.115. Total ' assets expanded 38,926.881. earning The ratio of reserve to deposit and note liabilities combined declined to 41.56 from 42.63 per. cent In the preceding week, While' the ratio or reserv e to note cirou- latlon. after setting .aside 35 per cent against net deposits, tell to 44.41 from 46.04 per cent In the preceding week. The report of the New York clearing bouse banka made an unfavorable showing, the laxcess reserve being all but wiped out by a recession of 217,117 20l, standing at only 21,128,520. This decline was chiefly the result of a recession r,f tn the reserve tarried by The 221,989.000 member (banks at the Federal Reserve bank, .coincident with a contraction in Thus, the reserve position of the reserve bank was built up at the expense (of the clearing house banks. The other principal feature was a drop of 338,019.000 In net demand deposits, reflecting! the withdrawal of funds from New York by country Institutions. Time depostts Increased slightly. Government deposits which are not figured In the reIncreased 225,111,000. Favorable Business Factors. serve ! position. Loans expanded 31.179.000 Aggregate The last few weeks have brought forreserves decreased 321,458,000. ward a number of factors favorable to business. The award of Increased rates HIGH SCHOOL TEACHER RESIGNS, to the railroads, with all that to therein Implied with respect to Improved service gpeelal to The Tribune. BINGHAM, Aug. 22. Justin Tolman. for tndustiy and trade: the very fine who has taught mathematics In the high showing of the food crops; the Increase achool. has resigned hie position and will of more Ilian a million bales In the cottake charge of .estimate., the Increased ovitput-o- T ' his ranch at Mud Lake. ton. oa and Its Improving Idaho. distribution; the Mr. Tolman has a tempting offer from steadllv accumulating evidence of Inthe Rigby. Idaho, high school, but will creased efficiency on the part of labor: . probably decline. yiese and others constitute a set of circumstances upon which, ordinarily, busl-neconfidence would be built. It la evident, however, that there to much uncereven making all allowances for the tainty, GOVERNMENT BONDS season and the situation In tha money market. We have reaohed another Stags' In: tfi INVESTMENT process of readluatment, and busines InSECURITIES terests apparently are feeling their wny 41 ith-'toward a decision on developing tendencies, particularly those In the field ol FOREIGN EXCHANGE prices, since last May prices have been 'ailing gradually In. the wholesale mar-ie- t. I i" i ii, but. the effect of ueh recessions on the retail markets have not yet developed, end business seem to have made up ite mind to see what those effects are going to be. When that haa been determined the favorable circumstances reft ferred to will come Into full play on the OODEN BALT LAKE aide of expansion. 159 Mato St Ecolss Bldg. Further evidence of a broad and active TSL2 . . yfsatsh.77 . steel and Iron market appear to trad s. , ' sa , i i-- lift J.A.IIOGLE & CO. - ucts Successfully Indicated T SILVER CONTROL Conditions on Stock Market Presage Gradual Return Director of Mint Baker Into Normal Status of Trade terprets Provisions of the Pittman Silver Act NEW YORK, Aug. 22. Banking sentiment to respect to the country's autumn demand for money and credit Improved measurably last week. The Impression was gathered In local quarters of prominence and also in the middle west that the crop financing period can be gone through without overstrain of bank resources. That Is not to say, however, that bank statements may be expected to show from now on that the peak of the credit burden has been passed. It may be several weeks before the federal reserve institutions of the east will reflect the return of funds loaned to reserve banks of the Interior, and. perhaps longer, before the clearing house banka at New York will disclose In their weekly figures that deposits are accumulating and loans being paid off. A gulf still stands between the ability of the banks to meet agricultural and mercantile demands and a real easement of money at But tendencies apthe major centers. pear to be working to narrow the chasm. Speculation Lags. Speculation has largely been wrung out markets, evidence being supplied in falling quotations to many directions. The effect' of the general banking attitude against the expan sion of new loans and close ebservation of the growth of standing lines of credit Is coming further Into the light as time passes. It is evident also that the conservation of credit In the last few month has come Into favorable conjunction with cotton, falling prices for some grains, foodstuffs other than grain, and In the textile field, The fall of about 6 cents a pound In millions of dollars of credit necessary to carr7 be forthcoming crop while It is channels. being fed Into manufacturing The decline of wheat futures from the initial quotations of more than pen bushel when the market was reopened rea 15 Indicates around to 22.37, July vision downward of banking estimates of has credit needs next winter, and this been furthered by a fairly rapid flow of the old crop from storage into domestlo and export consumption since railroad facilities began to loosen up a month ago. of the commodities That the treasury can avail itself of the Pittman act to prevent a runaway movement In silver has been admitted by Director of the Mint Baker, says the Boston News Bureau. He is of opinion that the recent decline, due to a lull to buying from the far east. Is only temporary, and that the metal will again advance. Referring to action of European traders and Igovernments in melting silver coin and Belling it as bullion he said: In Germany and Austria their money was at such a discount in the worlds money markets that it was practically uselesa Their silver coin did have a value of course, due to its content, and In view of the comparatively high of silver it was natural they should price use it to chase the things they needed. Butpur-at some time in future both Germany and Austria must replace the silver coin taken out of circulation, so there la a potential demand for sliver from both countries. The same may be said of Mexico. Questioned as to need of a law reducing fineness of silver coins to protect them from sale ae bullion In event of another sharp rise in sliver. Director Baker intimated that the treasury, through the Pittman act, could control the situation. 7n event of a rise In silver to sav 31.42 or above, subsidiary coins of the country would be In danger of being melted," Director Baker said. The point of subsidiary coins Is, parity 31.38 and the price would have to say, go above that to cover cost of and melting the coins and pay collecting transportation charges. Price of silver would have to show a profit or there would be no incentive to melt coin Treasury., action- such"rise would naturally be governedpf by conditions at the time, but a study of the Pittman act will show what if could do. The act- - authorizes sale of silver bullion derive! from melting silver dollars for purpose of assisting foreign governments at war with enemies of the United States. That now is over. But the act also authorizes sale of silver bullion for purpose of providing silver for subsidiary coinage and for commercial use as well as facilitating settlement In silver of trade balances adverse to the United r.v SALT Lake. Utah States. 'These provisions have not been the war. changed by termination of we have reUnde the Pittman act 10,000, purchased to date approximately 000 ounce at $1 an ounce, and purchases are being made nearly every day. should the price go to above $1.42, what U to from reselling this prevent the treasury the market price? silver purchased at to $1.40, the went Suppose the price or 50,000000 sell could 25,000,000 treasury ounces, and if this should be absorbed and the price start to advance again the lots up government could sell additional ct. And to full authority of the Pittman the treasury has a reserve of 50.000,000 under the silver dollars not availed of the Pittman get which could be sold tocoindirector of the mint for subsidiary age at $1 an ounce. Such action by the treasury is posresible, as the Pittman act authorises that sale of silver purchased, providing conbe operations under the act ofmay silver purtinued until net amount sold. amount to be shall chased equal Under the act sliver producers In the of practically United States are assured $1 an ounce for their product until full amount of silver sold has been bought take back, while the government may to prevent another advantage of the act in silver such as sensational advance Last to endanger subsidiary coinage, the danger mark, fall silver neared touching $1.374. Mill Makes Griggs-Huis- h BROADWAY , Excellent Concentrate Within the next day or two the first carload of concentrates from the new Leasing complant of the Grlggs-Huls- h pany, says the Eureka Reporter, will be placed on the market and assays which have been made from day to day show that notwithstanding the low grade ore of excellent treated, the concentrates are ore Is availgrade. Higher grade milling able, but Manager C. C. Griggs preferred to treat only the lower grade product while the mill was making Its trial run and when many small adjustments were necessary: A of these adjustments have now been made and the manager declares that the mill Is sure to be a greater success than he anticipated, although the changes have taken up considerable time. Up to this time the mill has been drawbut ing Its ore 'from the May Day mine, carfollowing the shipment of theorefirst will be Yankee concentrates of load treated. The chutes and bins have been be will so arranged that It possible to the take ore from either the May Day ortime Yankee and within a very short a made whereby splenconnections will be did class of milling ore can also be secured from the Uncle Sam. the leasinge company having all three of the proper-"lieunder Tease. FOUR MEN ARRESTED. Four men, accused by the police of by Detectives using drugs, were arrested Hambv on Lester F. Wire and G. B. Second and Third West street between Third South streets yesterday morning. laThey gave the names of Otto Clegg, Max butcher; borer; John Carpenter, Simmons, painter, and J. E. Perry, machinist. They are held for examination by Chief of Detective R. M. Beckstead. Miners, Notice Agitators are circulating a report that the Standard Chemical Co. is shutting down iti mines. ,Thv report JaJahri-cate- d lie. 'We do not intend to shut down. jWe are working 200 men at present and will put on 70 more men as soon as we can secure them. , Company Will Be Reor ganized and Extensive Development Commenced. with est- In the-contr- , other hands. According to Jackson McChrystal, manno old was of the there company, ager further Information to give out. He said yesterday that a complete and very thorough examinattoh has been made of the GocUva by the parties who are anxious to secure control and that the reorganization of the company will undoubtedly mean an extensive campaign of development work for this mine. If work Is resumed on a big scale one of the first places to receive attention wilt perhaps be the winxe. now down 150 feet below the 1200 level. The wlnse will no doubt be sunk a few. hundred feet deeper and then used In prospecting, at depth, the big deposits of low grade ore which have been opened on the levels above. In Investment Funds Needed. - Four Diamond Drillers Drilling in sandstone with Sullivan Bravo Drill and B tools: depth of holes, 40 to 80 feet Wages (6.50 per eight hours, plus a bonus of 15c per foot for all footage over 30 feet pe: day. Drillers must averags 20 feet per day for the month before a bonus is due. A man that nnderstands his business can drill 40 feet per day. $1 per day will be charged for board and lodging. Wire at our expense. -' STANDARD CHEMICAL CO. Naturita, Colorado. FOR RENT A re " Few Desirable OFFICE ROOMS far the ATLAS BLOCK Reasonable rates. In the heart' of the business district. Excellent elevator service. Room 411. Wasatch llose-Picking-Lac- - i 3041. of 264 STATE ST. IN a wrong idea shout the BACON MULTIPLIES. will do addition. Neither to It to not Walker Bank Building For Rent y While this situation exists, and It may Stability Approaching. It I' I VI l I! 'f I, " I 'i t I If I J - ' I Second South street. Just off Main. line of travel to new branch postoffice, Inquire 412 i :w PRINCIPAL OmCE: Sll NEWHOUSB BLDG, SALT LAKE, UTAH. (Columbia Trust Co. ft Balt Lake City, Register and Transfer Agent) FOR THE OLD HOME OR NEW STORE, CHURCH, OARAGE, THEATER , Easy to Install. Costs Lsss Uses Lsss Fuel Ceets Nothing t Get th Fact Call fj J fj Wasatch ft Honors. suaidxanskip r)rk or th rpctjrt tift further information,) NOTICE. Estate of Oscar H. Marsh, deceased. Creditor will present their claims with vouchers to th undersigned at No. 274 South Main street, Salt Lake City, Utah, on or bafor November 2, 1929, WM. L, GOODS ELL, Special . ., 792 ann hobati (Coiuuit coo!? mn 9 Walker Bank RMg, -- i Salei will be made strictly in order qi receipt of Applica- No applies- I ition accompanied by check for payment an full. ff tiona for less than 100 sharei will be entertained, and the total V sales at $2.00 per share are limited to 5j0OO sharei. GEORGE M. BACON, President. i. . J SALT LAKE CITY. STORE SPACE an adding machine, although it It a specialized machine for engineers and technical computations. machine that anyone can operat. . It to fool-proIt is a simple, every-daIt cannot make mistakes And if the operator makes a mistake It shows np at once and it to tha easiest matter to correct It, If you want to get the product of 457 dozen at $18.75 per doted and you multiply hy 18.85. It show! this mistake. But Yon do not have to do the operation over,, i 81mplyttlm the 8 back to 7 and the machine corrects the answer. A specialty of the BACON MULTIPLIES to carrying ont and footing up bills and Inventories work that 1s common to every business house In the world. You multiply out the Items and when you have run through the list the total to automatically footed up. Get that? When you have carried out twentv or thirty Items you have their total at once. You do not have to add them up the MULTIPLIES did that ae you went along with the multiplying. And that to not all the saving. Take computing machines now In use all over the country and multiply by 18.75 on one of them. You have to path- - down keys or turn a crank 21 times: once for L aitht time for 8. seven time for 7, five time for 6, total 21 times. With the BACON MULTIPLIES you do It with four movement: one for 1. one for 8, one for 7, end one for 5, total fonr times. True, there are what are known as "short cuts." On some of them you can multiply bv 898 with only three movements. But these "short cuts" are equally applicable to th BACON MULTIPLIES, and It haa special "short cuts' of Its own which other have not. be hoped that It grows stronger Instead of more Bluggish. there Is certain to be a steady can upon Investment funds with The a collateral demand upon credit, USE Mountain States Rubber Co. II THE MULTIPLIER Do not get ! ing EVERY KIND, FOR EVERY Offering of Not to Exceed 5000 Share Common Stock at $2.00Per Share - The stock market In recent sessions ha been responding to some favorable developments, among them th change of sentiment toWard autumn credit demands. Rather small tufnoversi pn th stock exchange last week suggested that the short covering of professional .traders supplied the bulk of buying, but such a process Is1 one of the earnest developments to a period of growing price stability. The money situation at New Tork was hardly conducive during the week to an expansion of buying for the rise and It mav not be for some time to come. A moderate recovery atar so sharp a reaction as has been experienced lines the first week' of July, however, Is encouraging not only to holders of shares, but to the general buslnese community, and It goes without saying that firm or table stock market prices would make eerier .the 'Volume bf new 'financing to r WANTED BACON MULTIPLIER Police Chief One. of ...Two Killed in Gan Battle WINSTON-8ALEN. C.. Aug. 23. Chief of Police Matthews of Walnut Cove, N. C., and Walter Martin of Madison are dead and a negro 1s seriously wounded as th result of a battle In the road near Walnut Cove today between a sheriff s posse an 4 three Madison, VN. C., escaping d prisoner, J The shooting was th result of a row a carnival dance hall at which at assert th negro Insisted on dancing with white girls. Several Madison men. Including Martin and the itegro, were arrested. En route to the mayor's office they escaped in an automobile. of til Chief Matthews formed on posse which overtook, the fleeing prisA summons oners near Walnut Covs. to surrender met with a fusillade and Matthew Was (hot through th stomach. Crumpled In his seat, he shot and killed Walter Martin. The negro was followed for a couple of miles by a trail - of bkxri .which wa loot to a swamp, t tf OWNING AND DEVELOPING THE railroads ofre planning to draw as far upon Investment money at they are able for that current needs and It is expected many - Industrial corporations win enter the autumn market, anticipating needs The French of the winter and spring. government, for one, will apply shortly for probahly 310(1.000,000 and other foreign governments are waiting the opportunity of applying to American Investors for funds. Bo It Is seen that a demand will appear all the nav along s credit which - ..militates .... conditions permit. against the likelihood of an accumulation of Investment credit In a fashion to lower the cost. . i By JOHN I. MULLEN, Gen. Supt. NATUBITA, COLO. JBacon iHultipIter, Sncorporateb ad Stockholders ofthe GodTvq"WTmng company met Saturday and after considering a proposition for the sale of the entire holdings of the corporation, accepted It. As It Is understood, the proposition 1s more in the nature of a reorganisation than a complete sale, as some- - of the older stockholders still retain their inter- 9 Standard Chemical Company BELTING Since the Argentine put an embargo upon exports of wheat. It has been noticeable that foreign demand in the United States Jvas Increased. August export to and flour equivalent have date of wheat exceeded- - those of the same pertod-ls- st more than 6.000,000 bushels. Cotby year ton exports have contracted sharply this the month, while buying of spinners has been of the reluctant order, but the fafl of the price has been commensurate with the receding demand and the movement constands as an offset to declining sumption in respect to the use of bank credit. The signs point definitely toward a lighter load upJn the banks than waa Julv Li as yet pointing toward a genuine easement of dedlt costs during the early While part of the Autumn, at least. business has slackened in some directions, the aggregate of bank clearings and railroad gross traffic returns disclose the continuance f of an enormous business turnover. Tpe country continues prosperous, the healthy state of the Investment market discloses large profits seeking employment In securities. 'I tot MAIN AT Wheat Demand Grows. 538,-0G- i I L present compo-sftton-an- t F. Movement of Farm Prod- of Loans. Trend ward TMIST COMPANY -- Little Activity in Stock Market Owing to Waiting Attitude Toward Political and Military Views Preparations for Moving of Ability of Banks to Aid and at Credit From Events Abroad Home. in West- lu A, JI jkltOnAHjllDfiE prospect. Here and there the share list has disclosed unsatisfactory features, either of unsettled condition of trade or a lack of adequate working capital. This situation is likely to exist for a. period because. readjuatmenta of supply and demand for product cannot be brought about In a few weeks, while the bankers will continue to be sparing in their loans to corporations, to rely to more than an average extent upon temporary accommodation Instead of building adequate ftxedL capital, i ;! |