The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-11-09
Mon 4 aSio ii
III rt I
a RETURN 20 q coNoi.
! & TONS us kEp Upon AS
"a QUESTION OF A FEW II,
I DAYS,

II DAYS.
CHlCAGO o. Nov. Q. 7 he tlnancll, 81,
nation nt Chicago and the nprthwest
rs mainly n matter Of unblockipg
That is to say. the ordinary facilities
for commerce and the transaction Of
bringing business have been ourtaile,l
blythe shortaee Of current money Tbs
bankers are taking steps to return to
the normal condition. They do not
consider II srfe. however, to hestdi
the pNymert OF current money swfen:
ever demanded, md checks on 'hc
clearing house for small amounts are
rnw'n nreparation to be used as cur.
rent money ,l n
II Is almcst rsrtaln ths.fl,,rss q; cr',s'
viii Re 'ssur,l Monday ar.' several r,i's
'Iors o,kthor7 vii, be a"ci'sh''''n. 4 .r.'.
mcanwhIlelthe Golfers - t',r hr"';e rr'
the nrctets Of ,-I'vt'relss havn beer,
somewhat renlcnishei blythe imports.
j tlon Of over scc"o ""cjicf rn,,l -r,, .tc
deposits Of tho United Stntes Covcrn.
ment In the national h'nks ll'Ne ,,.e~
Increased several millions, Seemingly
Il is" question If few weeks. nj thu.
longest. when money. viii be freely IN
circulation. rs z
In tn" r"rnwhileithere must be con.
siderable strain. So far as Is known
TO persons closelyiin touch with Grnn.
e'al affairs in Chicago. there is not 4
bank which may Id considered in u
weak condition. 5ard the SINE il main.
" true throughout the northwest
Small banks which have no special
protection may fail, but there isfhard.
" more Of that sort of thing nowthan
In ordinary times.
AS to the large corporations. there
is no weakness except that which II
obvious to anybody familiar With the
reports of such corporations and their
methods for years past. With some It
is matter OF disseminating purchases
and making collections. Their collec-
tons will be facilitated by tho clear.
ing house devices now in use or here.
after to be. put In operation.
There is no1 matter OF doubt that
the northwest is richer now than ever
before. rot merely in fixed assets, but
In Immediately available capital. AS. n;
small illustration Il may he mentioned
that the shipments OF wheat and flour
for. nineteen weeks of the crop yelr
amounted to S2.25",00O bushels against
6S.dGG.0OO bushels the corresponding
period of last year. and the amount OF
money received for this produce Is
much greater per unit than last year.
It is to be assumed that shipments
from tbs tine on will be less active
than heretofore because the supply OF
CURRENCY is sn"ll and many OF the
farmers refuse to accept checks, This
very fact. however, shows that the pro.
dncine class are financially strong
enough to sell when they get reaAy.
The country banks have more cur.
rency than ordinary ut this time OF the
year. but are holding It for fear Ii will
be. boarded by individuals II paid ont.
The excess OF shipments OF currency
over receipts In Chicago during Octo.
her was s241l1.5l0 against s1G,755, 900
the corresponding month last year.
The banks In Chicago are treating
country banks as they do individuals
that is, giving them little currency.
they must have. and holding the re.
mainder for future needs. "a
The banks In Chicago also have been
calling loans to grain men to some ex.
tent In. order to force the produce to
market. The consequence has been a
decline In the price Of agricultural pro.
duets. The amount of money that
can be realized to the west from asri.
cultural products is we'll Indicated by
the fact that the visible supply Of
wheat in this country is now over
4".ooo,0oo bushels against $1,000, 900
a year ago, while the price is material.
" higher. q; ];
There has not been whisper Of dan
ger to any well known brokerage
house in Chicago and the extent Of
loss tn stocks from a speculative point
Of view is measured by the mlsfor.
tunes of two or three capitalists and
the common run of one hunaretl.share
operators.
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