OCR Text |
Show BANKERS WILL NOT LEND THEIR MONEY 'New York, Aug. 13 Tho further course of the recovery' in stocks this week developed nme hesitation by reason of the extent of the rally, the reduction ( or the short interest, tho lessening 'of the investment demand, and the disposition to realize profits. Weather conditions have Indicated some Improvement of the crops over the monthly condition estimates by (he government, but tho heavy deterioration deter-ioration there shown from earlier hopeful estimates remains an underlying under-lying influence. A plethoric banking surplus has not incliued bankers to buy mercantile paper freely, nor to lend money for fixed periods. The bond market remains re-mains almost stagnant. Metal trade advices lndlcato contiuued contractions. |