Show MONEY stringency M henry clews reviewing the stringency in shenew york money market says A good deal of unnecessary concern has been excited by the prospective payment jh of to france for the panama if canal in all probability that payment will not be made before midsummer and the full amount including the to colombia will most likely be paid out of the treasury without touching the government deposits held by the banks the treasury now holds in addition to the amount deposited in banks and judging by tho heavy customs receipt which promise to continue that cum will be very considerably augment d before the canal payment becomes due this transaction when completed will therefore contribute to case rather than stringency in the money market while in the treasury this 40 or 60 milli ions will bo unavailable when released it will probably go to the paris banka and there eventually reach the money marked or if interest rates were high the owner might find it mora profitable tto t to temporarily we the funds in this market in any case the transaction is likely to little or no disturbance in this market and alia exchange required will probably h provided well in advance such operations are always discounted by the shrewd bankers who for the small profit in such operations act as invaluable balance wheels against atino movements move menta |