The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-06-25

Roanoke with few hundred dollars
and bought $4,000 worth OF property.
They can not IN some instances meet
their notes and begin to croak about
hard times at once. There is now really
no depression in matters, so far as am
able to observe, in the way of loans.
Our bank has loaned over $50, 900 during
the present month, besides supplying
our regular city customers. All indica-
lions point to general revival in the
money market after July l."
L. L. Fishburne, president National
Exchange Bank. Money is rather
tight yet, but it seems to be getting
easier than it has been for several
months. People have troubled them
selves entirely too much about the de-
preston in the market. The demand
can BIO easily met. look for money
matters to be better in short time, and
far as can learn, than they have been
for months. My reason for believing
that we are on the point of better times,
is that the wheat crop will soon be
moved. The Bank of England has re-
duced its discounts, and the fact that
this government has stood the strain of
financial crisis has given confidence
abroad that will cause spectators to
invest. Our bank has not aimed to sup
ply the outside trade, but the home
customers have been accommodated with
ease. Paper is being met prom pity and
scarcely note is going to protest"
j. w. Coon, president Commercial
National Bank: "The money market
item toward easing the market still
more. The indications are that de-
mand will be made for 10000, 600
bushels of wheat. This means that
much money will be put in circulation
in this country, for the wheat crop in
India is practically failure. The
fruit crop in Virginia is excellent and
will bring in considerable money in
the next 120 days. Notes are being
met fairly well and just here it is sur
prising to know how some mot their
notes in this city, considering their
encumbranccs. have every reason to
believe that the market will be we'll
supplied, and that July will make a
turning point in financial affairs
5. w. Jamison, secretary and treas
Safe Deposit Company: THE reason
some people are harping about hard
times and circulating reports about the
stringency in the money market is ow-
ing to the class of paper they present as
collateral for loans. OF course bank
will refuse paper made on property on
which there are from five to ten specu-
lative mortgages. ] think that in July
money matters will be better. That is
the time for the distribution Of divi-
dends, and the money that banks are
holding to meet this demand will be
turned back again and be put into cir
culation. There are many other rea-
sons why the money market should be
better. The wheat crop is the most i'm
portant factor, and several largo sales
arc now about TO be made which will
undoubtedly bring in considerable
Then, again, the sale of the city bonds
which | am sure can be disposed of with
out any trouble, will greatly add to
helping the Roanoke market. firmly
believe that S30U,UOO will be put in cir
cnlation in this city during the month
of July"
S. +. Ferguson, private banker: Il
think the indications arc good that
money matters will be much bettor
after July l. The dividends will he put
in circulation then and many other
agencies will tend to strengthen the
market l have stopped discounting
since December, but find that paper is
being met very we'll. All banks will
mako their statements July /, and
have every reason to believe that money
matters will then brighten: up The
crops will tend> to help the situation
and, as there will be a great demand
from abroad. There will also be con-
siderable investing and the whole coun-
ty will be benefited