Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-25
WILL Be BENEFITED
Effect of Russian Revolution on
American Markets.
TIGHT MONEY IN THE FALL
Views Of q Local Banker on the Situa-
ton Abroad.
COST OF MOVING BIG CROPS
Condition Of Chaos-Matter Of Specu-
lation-Whole World Dependent
Upon Prosperity Of q. 8.
COST OF MOVING BIG CROPS

trary, IN some quarters it IS thought
that this country will be benefited
by the Inflated tide of misfortune
and calamitous happenings sweep
ing over the Russian domain. A
prominent banker, however, is of
the opinion that this country must
look for very tight money in the
fall to move the enormous crops
about to be harvested and beyond
the danger line.
dition Of chaos will have upon American
securities and just how it will effect the
United States commercially and industrially
has been matter of rife speculation among
men OF the business professions for some
time past Now that the country is in the
throes of a revolution It seems to be the
general impression of many f1nanciers and
stock traders and manipulators that the
markets of the world must be perforce Of
necessity effected to some extent
"A prominent local banker, however, is of
an opposite opinion.
There are very few Russian securities"
he said to Star representative today,
held In this country. and none so far as
know. in Washington.
The condition over there will not in the
least hurt US. On the contrary certain
benefits ought to accrue to US from the ILL
fate OF the Russians
The effect will be Indirect however
There may be enforced sales in France and
England. but the whole world Is looking to
this country for prosperity. In fact the
whole world. as things stand today is to
no small extent dependent upon our pros
and 1t Is going to require a lot of money to
move them
Shortage In Bushels.
There is shortage of more than 1900
900 bushels of wheat in the European crop
and Russia, a wheat market. Is particularly
bad of. This Will mean a great deal of
money to us In exports. So far as the
conditions generally In that country are
concerned, we should be benefited rather
than injured-and benefited very largely
The wheat crop in this country Is not
large. but the grain fs OF the finest sort of
quality No, we have nothing to fear
from Russia. Our troubles. II we have any,
are internal"
How to you meanT
I'VE are going to have tight money-very
tight money in the fall. 1t Is curious but
the greater our prosperity that sort OF
thing is very apt to happen We are go
Ing to, require a great quantity OF money
to move these crops and It will demand a
very high rate Of interest. There are other
seasons why money is going to be very
nigh tnlS Ia1l
What, for exampler'
Attacks on Trusts.
We'll, our good Presidents attacks on the
corporations and On all corporate interests
Is going to have it's effect and add to the
tightness Of the money market. But we
have nothing to fear from Russia-no mat
ter what happens over there, it is very
much more apt to help rather than injure
American interests.
So far as could be learned there Is not
a Russian security of any description held
at the capital On the stock exchange to-
day 1t was not thought that the Russian
revolution would have any very grave effect
on the Paris, London or New York markets.
In any event 1t will not precipitate any
thing In the least resembling panic.
Had the revolution come upon the world
unawares there is small doubt but what the
effect would have been disastrous. The
whole situation, however, has been dis
counted and 1t is doubtful If any serious
injury will be done to any of the big hold
ings outside of Russia and her immediate
allies.
What AIarmists Are Doing.