The Washington times., 1913-08-31

The ranks Of those who believe con.
ditions have undergone = oecaeo
change for the better are being IN.
creased In the financial world the
bankers and business men who g. rev
weeks ago were uncertain or pessi'
mistic In their views on the OUTLOOK
for the faIl, being gradually converted
IN the more optimistic way Of looking
at 1t.
The week has been an inactive One In
local financial circles. The money Is
here. the statements Of the banks
showing that their deposits are eouahy
as good as during August OF aimos'
any previous year; the stocks ano
bonds are obtainable. and sufnciens
number of brokers to do as much buy
ing and selling as Is desired are here.
But there seems to be something wrong
with the small investor. He does not
seem TO want to dabble In stocks ar
This time. As a number of the brokers
are out of the city, but little profes-
sional trading is being engaged In The
result is that the record OF the STOCK
ExcanRe shows q light week In every
respect.
But prices have not weakened as
result, of the inactivity. Practically the
.,ame figures that prevailed during the
weeks preceding the opening Of the
summer months obtain today. There Is
every indication that they will remain
such until the return OF the vacation
Ists. which influx will begin during the
next two weeks.
The more optimistic of the bankers
believe the unfeyorable factors IN the
Tod
reports Of damage to crops especially
corn and cotton, have been exaggerated.
and that at the worst yield OF corn
equal to the ten-year average Is IN sssnt
n Is further pointed out that business
throughout the country has been handi-
tariff, and with that out Of the way
trade will quickly adjust itself 10 the
new conditions.
The relief to the money market given
by Secretary McAdoo in distributing
Treasury funds In the banks OF the
country has faVoraoly affected senu-
ment and eliminated the fear Of strin-
gency this fall While boom is not
expected, the feeling is that there will
be an active movement toward that end.
Something like ,250,Ooo In straight
loans were made on District property
during the last week, while notes given
for deferred purchase money amounted
10 more than 362, 900. Loans aggregating
Sl50. 900 were made on county property
during the week.
The prevailing rate Of interest for the
week was sc per cent.
Officials and members OF the Ameri-
can Bankers Association look forward
TO the convention to be held In Boston,
October 6-l0 as one OF the most impor-
tant held in the thirty-nine years OF the
assoc!ation's existence. OF course, first
in importance from a bankers stand
point, will be the expression of the asso-
ciation's ideas as to the currency legisia-
tion now being considered by Congress,
and which takes rank with the financial
legislation OF the civil war period In i'm
portance to the country's interests. Con-
nected with this, naturally, will be the
report of the currency commission of
the association dealing with the past
summers work on this line. Second
only to the currency discussion. prob
ably. will be the subject Of agricultural
I 81 Tefoprmeni, wt.ch win receive treat
m,nt by s"mG distins 8ish9d agrieuitC-Gl
barsers.
TIE work g The vss ous seciions of
the association gill. curse, receive
attertio Wn'ic Oh the E.Eiai stde OF the
conyeut!pl a Tariea' program oS enter