The Birmingham age-herald., 1912-09-23
The Financial situation


 The Financial situation Henry Clews in his Saturday reviews says in part:
 The general financial situation seems to be gradually resuming it's purely bust ness character after the summer relax ation. This change generally occurs about the middle of September. but the week that Is just closing seems to have wit messed more than usually sudden tran sition from tho holiday spirit. The finan- cial markets have thus evinced a ten dency to fall in line with other branches of our national activities. Evidence of direct participation of the larger classes of speculative interests in the market has been apparent. This was clearly percep- tible during q sharp advance accompanied by distinct activity in the market on Tues day when prices closed about two points higher on many of the usually active speculative classes of securities.
 The fact that the market has shown such substantial undertone at time when the money situation has, on the sur face. at least, approached position of some strain, indicates. I think, that a superficial view Is being taken of the ad- vance in the rental rates for money. There are two prime considerations to be kept in view in any broad appraisement of the banking situation. It ts desirable to remember, in the first place, that the scarcity of loanable funds Is in no way connected with an active speculative movement either associated with the stock xxyfth Ia nd >p anything of a menacing character. Money ia scarce because it is needed in routine banking channels to finance, in the first
 instance, the most valuable crop produo- ton that, taken altogether. the country has ever enjoyed; and in the second place tc meet the banking requirements of the mercantile and manufacturing world. This latter is already running at high speed in preparation for the demands of con sumers that in the natural order of events must follow the tremendous buying power that will be available in the great agricultural sections of the country when we consider that the season will prob ably mean fully s,ooo, 900 900 in new wealth produced by the soil
 ..Therefore, 1t seems clear that the ac- tivity in money that Is responsible for the dearer rates Is a sign of fiscal health and wholesome development. Moreover, 1t is of interest to recall that the money market Is only relatively high. Some of the most active campaigns in the stock market have taken place with the level Of interest rates well above their present range"
 Plenty of Quail Assured
 "The approach of the open season TOT quail is awakening a lively interest among the lovers of the sport" said an enthusiastic member of the tribe of hunt CTS. which, by the way, is steadily ln- creasing here Th Birmingham.
 q have rambled in the fields already with my dogs (one young pointer that is being schooled on live birds for the first time) and I find the birds strong on the wing and large coveys. There are some fine coveys almost in the limits Of Greater Birmingham. regret 10 say that already some fellow who has no regard for the game law, and lacking in true sportsmans instinct, has been killing off some of the birds over in the Almshouse section. There should be deputy game warden named for the different sections of Birmingham to look after those fel- lows who not only rush in ahead of the permitted season, but kill every bird pur- suing to the extinction of the covey. q hope the next legislature will pro- hibit the use of both the automatic and the pump shotgun. l know pot hunt CT who last season with an open bore pump gun boasted of killing seven birds on a covey rise and frequently four and i've. before they could get out of range. It is brutal sport to throw four or five scoops of shot into a covey on the flush and in flight The real sportsman ia pleased to Kill one with each barrel and tar the more if the second one is at distance of % to O yards.
 .The game laws should be modified as to deputy wardsns- The license tax of Slt