The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-02-27

has been a most practical expression
conditions i'll this country. and even
should it not Immediately prove the
must certainly act as bulwark
against further depression. Our bust
ness situation is not entirely satiSfac-
tory. Trade as rule is slack and
however are sound and the situation
favors response to any real changes
for the better. Some time ago our
Eastern bankers undertook to check
excessive speculation in securities and
commodities. Western bankers at the
same time undertook to restrain the
threatening outbreak in land specula-
ion which began in the West several
ears ago The Eastern liquidation
II securities and commodities we have
,lready had with beneficial results.
ecurities are on a sounder basis than
or two or three years past; so, too,
re commodities which are declining.
bus reducing the cost of living and
lermitting our foreign trade to return
normal and healthy conditions.
rom the West it is now learned that
~ansactions in land have been greatly
urtailed, fully to the extent of % per
ent to so per cent, and leading oanh-
ers in that section now anticipate no
serious disturbance to credit. Farm
loans are still said to be much out of
proportion TO commercial loans. but
the weak spots are scattered and do
not cause any particular anxiety
among those best able to judge. On
all sides of the financial. industrial
and commercial worlds there has been
the process of readjustment, lasting
for almost year, which mas placed
the country's business upon basis
ready to respond to any really favora-
| BILE influences when the time arrives.
it is doubtful. however, if the time
has arrived for a fresh forward move
ment just at present. Money is still
easy, but is likely to show some firm
ness and slightly higher rates between
now and the first of April. The period
! is also now approaching when the
crop situation will become more inn
portant element. So far the outlook
is satisfactory, the grain districts hav'
ing had an abundance of moisture and
snow If any source OF uncertainty
exists anywhere it is in relation as to
what may happen in Washington. We
are still obliged to await the decision
of the Supreme Court and there are
possibilities of agitation connected
with the reciprocity movement which
cannot be ignored until that question
is settled.
The break in the market due to the
Commerce decision has brought in a
new buying element, the importance OF
which cannot yet be known, and also
eliminated number of weak accounts
Aside from this influence the techni
cal situation is generally sound and
favorable. This, however, is not q
favorable time for conducting a bull
movement. Many important operators
are going away to more congenla
climate than we usually have il
March and money rates are quite like
ly to become somewhat firmer witt
tuS dppi odSh VI piSPeAi oeioiS Aoi YIN
April settlements. After that periot
we may see a more active market, es
pecially when the winter vacations
are over and the sap begins to rise
Meanwhile speculative purchases arr
likely to prove the most profitable il
making quick turns. In the invest
ment field, however, there are still
some attractive opportunities left, blu
discrimination is required in such ope
ratiOnS