Show PUBLIC UTILITIES national consideration of resources much talked of washington oct 13 waste of utilities Is going to become more and more prominent in the public discussions and in actual methods ol 01 protection as time goes on sometime ago secre tary garneij Garn elJ predicts the ultimate exhaustion of the coal supply of the country and the necessity of conserving it in another interview with secretary allson be told about the destruction st ol 01 timber and the necessity for preserving it for the future not long ago it was suggested that every man who had water power on his land would do well to preserve and develop it president roosevelt has been convinced tor a long almo of the necessity ot making every effort to save our forests and he has already taken steps in that direction the reservation atthe remaining coal lands on the public domain is another step in the of saving the coal supply what is next needed Is tion most carefully prepared and after mature consideration which will i preserve tho forests and the coal supply this must be accomplished without crea tang a monopoly of timber and coal in the present owners and allowing them to squeeze higher prices out of the people neither the forests nor the coal have been exhausted to tho extent of creating as alarm although nigh prices at the present time indicate that the supply Is limited abo conservation of these necessities should be secured in a laasmer which will not mean robbery of the present generation of users FINANCIAL REVIEW fears of business depression outcome of money stringency new york oct 13 events in the last weeks stock market ran into demoralization by the endom the week as a culmination of uneasiness over the unexpected situation and fears of business depression reaction as an outcome of the money stringency the publication on saturday of an alleged order by B H harriman to cut down expenses in all departments of the railroad systems under his control accorded so well with these fears that the effect ws acute and but little modified by the denial of such action by authority of mr harriman the lethargic demand for was no new feature in the situation last week but for some time past it has corresponded with an almost equally torpid state of the selling so that occasional attacks on the market by bear operators had little effect in dislodging offerings but last week the selling was urgent the consequence was seen in the range of prices tor a long list of securities which Is the lowest of the present year and therefore a number ot years past the movement seemed to have iab inception in holland and amsterdam sent selling orders to the new york stock market direct in such colemo as to attract attention and to give rise to rumors that involved affairs in he market the firmness of the new york money market with loans on call touching six per cent every day until friday ana with almo loans tor some periods commanding as high as beaten per cent discouraged holders of securities curi ties on margin especially those of the low priced non dividend paying which were conspicuous in the weeks declines lenders of money in which these stocks figured were id leftrict le strict creditors with the manifest declining tendency of prices and the calling of loans precipitated the fall in prices |