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Show Tho state of New York wanted some ready mon-ey mon-ey nnd It tried a now experiment thnt of IbbuIiir short term notes to tho amount of $27,000,000 at an hvcraKo rnto of Interest of 4.87 per cent. The notes will maturo.noxt February. Tho strnngo port nbout It Is that when tho day enmo for tho subscr p-t p-t on tho amount needed was oversubscribed $0,000,-000. $0,000,-000. This seems very strange to financiers. Wo see no significance In It, except that thero Is a g-eht deal of money lying Idle, nnd that, until somo permanent tnrlff legUlnt'on nnd other legislation Is disposed of, tho owners of thnt money do not wish to invest it In any permanent way, so wcro ready to toke thoso notes nt tho low rate of Interest, knowing thnt tho great sttito of Now York was behind be-hind tho notes ns security. Tho oversubscription, ns we look at it, Is not a sign thnt there Is on nbun-dnnco nbun-dnnco of money, but to us it looks ns though n good many men who hnvo money are shying to themselves- "We'll wait and seo how th'tigs come out before w-o mnke nuv peTin,nent Investments." Imports Im-ports hnvo fnllen off greatly, as It natural while a new tariff law Is under consideration, nnd trndr halts because men ennnot seo what Is coming In 'he near future until leg's'ntion Is disposed of nnd 'hlngg nro nrjtisted to the new order Telegram . immijmmbbbbbbbbbbbbbbbbbbbbbBbbbbbbbbbbbbT'BIbI |