Show BEST IN d YEAR W I 1 q tula this 13 the poorest season to borrow money because the bo price la Is high eel says the fruit jr jcurd r nal A tabular state ot of the tho av eryngo interest rate on prime commercial loans at new now york for each week la in the year over a period of nineteen years shows that the borrower in tho the latter pert part of septem bor and the early part of october pays fully one per cent more than the borrower in february may or june the new york interest rate in this respect is a fair index to that tor for the country at large says th saturday evening poet post As bank loans in the united slates amount to some fifteen billion dollars the higher rate on autumn loans represents a cond considerable deable tax the reason tor for the higher autumn rate Is of course that money is 1 then required to more moye the crops the eastern banks in september and october ship out nearly two and a half hall times as much currency as they receive chicago and stlouis also are then saip snipping pIng currency into the country at a brisk rate reserves fall interest rates advance the money having baying moved the crops speedily cornea comes bick however in january and february the eastern banks receive nearly two and a half times as much curren currency cv as they ship reserves rise interest rates fall from timo time to time other causes conspire with this seasonal dislocation to produce an abualy distressing situation as halpen ha opened ed in october 1907 there Is no sound reason for shunting a considerable part of the ready cash bael and forth between the reserve center centers nd tho the harvest fields while there are a number of sound reasons against it will con congress greas by any lucky chance have a little pare spare time this winter tor for the consideration of banking ana ano currency |