The Julesburg grit-advocate., 1915-09-09

Gus situation: it has sold immense
bills OF goods TO foreign countries thai
owe for them. and the trade balances
becoming so big in our favor have
caused an up-setting in foreign eN-
'hahee l" degree never before ex-
perienced in our financial history
Europe does not want to ship Us gold
TO pay her debts. although one irl-
mense SUM has Just arrived in New
hork, and foreign exchange that here
rtofore has been satisfactory as ,
means ol payment, has declined so
much and 50 fest that we are now con-
frohted with almost a crisis, just the
opposite Ia what it wa3 last wear AT
this time, when We were being drain
ed by Europe to pay for the securities
she was sending here. and the other
demands made on us to pay her cur
rent bills for our imports. One crisis
may be just as bad as the other he
fore 1t is over, although caused from
opposite situation.
All OF these things must be worked
i out as they come along, and as there is
no precedent To go by, and no one liv-
ing who can tell how long the war will
last or what conditions will prevail
when peace is declared il becomes
| quite evident that the sensible policy
to follow in ones business is that OF.
conservatism and not be tempted by
prospects that are purely speculative.
Money for all sorts of business under
taking promises to be plentiful and
cheap this fall.
The banks are carrying the largest re-
serves in their history and commercial
paper Is being placed at very low rates
of interest; but that is not sign of
good times, but rather the contrary,
and is an indication that people are
not willing to venture very far in new
undertakings and that they are timid
This Company and The American
Live Stock 4 Loan Company, are bet
ter prepared than usual to take care
of their customers. We have streng-
thened and improved our selling ser
vice at the Denver Stock Yards, by the
return OF Mr.. w. f. Scho0lfeld, who
will have charge of it. This will en-
able MIR. Wulff to devote more time
to buying feeders on orders.
We have decided to make horizon
,Eal cut in interest rates on all loans,
bn both feeding cattle and sheep
bought or sold by us at the Denver
| yards. This rate during the coming
q winter on strictly feed yard stuff, will
! be six and one-half 6R) per cent
What is meant by feed yard stuff. is
, cattle, sheep or hogs that are in en-
closed lots being fattened for market
and that will be sold as fat cattle,
{ sheep or hogs. prior to May 18th, 1916
{ These loans will be carried by The
american Live Stock & Loan Company
(which Company entirely owns The
American Commission Company and
as usual we are the first to give the
western feeder a chance to enjoy the
now lower interest rate being charged
in other sections of the country. We
are out for good business and this
move of ours will benefit many who
are not our customers. There has
never been time when our Companies
; were not leaders in their specialties
and fully able to take care of our
! customers.
We refer to the prosperity that has
come to those who deal with us, and
we shall be glad to hear from anyone
interested in our line of business. Tt
Banks that may desire to buy some OF
our paper their atteton is called to the
fact that our endorsement means over
+. one and quarter million dollars. and