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Show SUGAR SURPLUS STILL IS HUGE Increasing Supply of Money Feature of Business World Last Week W I I K'S in SIN 358 REVI1 u w ntti-n fur tin- IntornatioiijU News Service NEW YORK. Jan. 14. The increasing in-creasing supply of money and further 1 gains in strength by Liberty bonds and Victory nofal ere two of tho chief features In hc business world I during th week ended today. Call money dropped to 3 per cent imd lime loans could be negotiated at 4 1-2 per cent If guaranteed by first clnss collateral. Both the Victory 4 3 -4 1 iu.es and the 3 3-4's have crossed par and all Issues of Liberty bonds arf rapidly approaching par. Heavy financing shows a big reinvestment rein-vestment demand by the American public. A total of nearly $4 '000,000 in new bond and note Ixsues was offered of-fered this week and absorbed A big gain Is reported in the export buying of American corn. The mildness mild-ness of the winter has hurl the coal Induatry. The shipment's of anthracite nro nearly 2.000,000 tons less per month than this time last year. Building Build-ing Is increasing in volume, especially In the northwestern states. Seven hundred and nineteen commercial com-mercial failures were reported to R Q Dunn & Co., this week, against 540 last week. The amount of cotton brought Into sight this week was estimated at 179,-000 179,-000 bales againM 1T0.'J7 bales 1. . week. The exports for the week wara 652.500 bales against 165,238 bales last week. The total exports since August Aug-ust 1 were 1.887,251 bales Call money in New York ranged from 4 to 3 per cent. Money was plentiful plen-tiful more id than for months, tho three per cent rate establishing a new luv. rACOrd fur thi nasi ve:ir Money was more plentiful In tho mlddlewest than for two years. Loans decreased. The average price of twenty representative repre-sentative Industrial Issues mi tho New-York New-York stock exchange was Sm 70 against 79.12 lat week and 74.48 this week last year. The average price of 20 representative- railroad issues was 75 28 against 73.86 last week and 77.13 this week iast year- Russia Is expected to take 30,000,-000 30,000,-000 bushels of American corn through the operations of the government's relief re-lief committee. However, on account of the large surplus and the big crop, this would hardly be missed, according accord-ing to trade authorities. Out of 80 price changes for commodities com-modities In the eastern markets this week 4 2 were advances. Cheap prices for sugar are forecast by the announcement announce-ment today that the sugar surplus In America and Cuba totals, 1,443,000 tons |