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Show END OF WAR WOULD AID BUSINESS The fall of Adrianople and the yielding of one of the Balkan allies to the demand of Austria Hungary should have a favorable effect on the war situation In Kurope and help lift the clouds which have been overshadowing overshad-owing the powers. The people of the United States are somewhat interested in the conflict, for the money stringency here and in Germany is attributed to the great sums locked up In Kuropean treasuries treas-uries for war purposes This goli would bo released with the disappearing disappear-ing of the present distrust brought about by the Balkan war Eastern financial writers attribute the preseut uneasiness in Wall street to the money condition !n Europe. Haydon, Stone & Co., in a market letter, let-ter, say : "Tight money continues to hold the situation in very severe restraint Tht Bank of England surplus has beon reduced re-duced to what Is for that institution a remarkably low percentage. The universal stringency is well exemplified exempli-fied by the fact that in spite of monev rates in this country, which would, ordinarily, lead to imports of gold and a decline In foreign exchange, we are still exporting gold; though money Is so tight here, we are still the freest market for gold in the world. This world-wide tension must be relieved in some way before there can be any large commitments for the future, el-ther el-ther in business or securities. If the tension is not relieved by the declaration dec-laration of peace abroad, which would immediately release enormous amounts of jealously guarded funds, or through ordinary business chan I uels. It will have to be accomplislie l by the liquidation of securities It is doubtless the fear of this that Ib holding hold-ing back the purchase of securities "Aside from this admittedly grave factor, we think the situation shows la decided Improvement in many lines; of course, the tariff uncertainty la slowing business down and we have been given this as an excuse for nor purchasing stocks by men who seem to forget that this very thing is one of the principal developments the market mar-ket has been discounting for the la6t five months In other lines, however orders keep up surprisingly well; there Is probably n little more courage than a couple oi months ago. Railroad Rail-road earnings, early crop prospects, foreign exchange balances, are other factors not much considered now, but which must have their Influence in the long run " The great floods in Ohio and Indi ana may have an unfavorable effect, but as a whole the country is In better bet-ter condition than six months ago and the feeling of confidence Is growing, so that nothv. ithstandlng the disas ters in two or three states, prosperity : may smile on the nation |