The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-17
.0S,,P 90 stLL srREET.

me nr~ssuf unHrksf o. no. ~ hh' H~Ah
q an..-ist-d ,Tsm and thsr" are not 70"
t,-.,t.l. tn ths street eho are -u-piriph
Of AZ. r-.~n, expression oi huilt-h --ntin~n'
On All .tis- ant = ha h-ti.v- thai To strength
Of N. market - m. T~-ult "f o-i~ntaih'h-
bavtng under tho cover 81 Nht"h q pnist
di.trihutian - going on The" p""pb
,F. rurtptt- a. 20 Tho reason for -tt'h rnn-a' .
tion- a. that on FRIDAY In D"lasar". lh'sa
wanna ami Western stp.k. Nht"h d"pre--"7l
~. prtss af the issue - nov low fe'"fl
.ins. les The persistent Nrhkn~~- OF
standard Oh - another d"yrlnpW"nt "h"h
they want explained Standard "il V"~'-r
day sokl AZ sBi, q new low point for thi~
year and last The high point IN iSr' a.
~ AMI IN March this wear 49,.
4 despatch from chicago Yesterday
quoted John Mitchell ~ saying that IN"
Western hanks had made such preparations
that IN hts belisf IN. rnancins - th~ crops
tina. season would n. hansil-d without IN"
s--istans,. of the Ea-t Funds are IN 10
plentiful. h. zAy-. and no -tring"n"N VIII
o-rur rates viii doubtless - Hrm. hat
io not expect interest charge 20 80 ah"N"
per cent The Chicsgo hanks under
the recent call showed reserve of -"
a. against - u Ia March and - - year
ago The last unfortunately cannot tak~
auite ~o optimistic a view 81 the situation.
much a. H would like To ackn"u lsds" the
entire ability Of the Western hanker~ to
handle these AFFAIR."
Another highly favorable statement was
made hy the lo~ai HANKS yesterday. all
previous estimates both a. to cash and
loans being surpassed IN both forms Of th'
return An inrrea-e 81 about Ns."o.'"7
IN -urplu. reserve occurred in both tho
average and actual figures The average
Surplus nov stands a. 81 so .Gso compared
o. H~s OTs in Iao7 ga. nj .on IN ISSi. NI.-
o.s go IN 1906 $50 So. No IN ISaI sIl..5s. o'p
in I9ni ti5 7Gonnp In 1872. al .peo. go in iSoi
and So .o-I 90, IN ISon
Tho Clearing Hous~ institutions started
the new week YESTERDAY With gain from
the sub Treasury Of te.o7'."-n.
No great amount Of -ati-fartion was To
b. derived from me fortnightly report hy
the Am-ri an Rail way Nssn. istion Of the
surplus Of idle cars In the country showing
an increase IN idle equipment ia the last tNo
weeks Of - > per ,ent. The report showed
that this surplus Vas Increased by $3.50
cars since the ,a-t bulletin and nov stands
al a1.sa2. the largest total since August.
1919 The SHORTAGE Wa- reduced 20 80 and
vas - scattered a. to be Of no Importance
y hatsVer mother indicRtisn OF leS~ened
industrial Acti'ity In the country Was the
q ompilation Of bank Clearinr~ In tho nit"d
states tot the week ended July 10 These
figures. ArCo rCiing TO the F,HaHri"i' hToH,ri,.
were s2.9ip.nss. tsS. against -. So. Oaa. 7.G
last week and s5.Ois.t7s year ago. This -
a falling on OF - per cent As compared
with last year.
Reports Of national banks under the
recent call a. they come to hand daily.
somevh hat mixed. on tho whole
continue TO make showing NJ fortified
reserves "a compared with the state oI
Affairs last spring Yesterdays returns
include that Of Kansas CIty. Mo. with an
increase IN reserve strength from - ~ to
AZ tab and Nevada both decreased
but are above last years record
Denver improved from - So 20 - - North
Carolina influenced by the early crop
movement IN that state. fell OF from - -
Ia Is IS and stands near the legal limit
Virginia. on the other hand advanced
from 1915 to 10 ~. Compilations from
New Jersey Maine. Massachusetts, and
Rho>e island make a iAirly satisfactory
exhibit Massachusetts advanced rom &c "a
To 10 - in spite OF considerable Withdrawals
Of funds for the interior.
Il was suggested that a failure OF tho
canadian wheat crop might entail more
harmful consequences than a similar short
age on this side the border. The reason
advanced Vas that a great deal OF the Cana b
ian wheat land has only been opened /
or cultivation In recent years Farmer !
rom the eastern canadian provinces and .
rom the western portions Of the states .
nave gone there in great numbers and .
ettled on previously unCultivatsd Iand~
The money they took with them must have
'een pretty well spent IN the construction
II buildings. purchase OF machinery and
'ther expenses necessary to the opening
Il new farms Tn that account u was
believed that crop failure would bear
more heavily upon them than upon the
arrners in the states. Who have pro-psred
smnrkably on a long series OF good wears