Evening star., 1921-07-09
nisnatch to The star.

Special DISPATCH 10 Inc StdE
NEW YORK, July 9.-Millions OF
dollars will be released in the next
few weeks to trickle through the
arteries Of industry as water flows
through the irrigation laterals and
ditches of thirsty desert farm More
over, it will reach first the spots
where tho need Of relief IL greatest,
although the entire commercial sys-
tenn will benefit by the circulation Of
this elixir of business life.
This flow of money, according to
business dispatches and official an.
nouncements received in the last
twenty-four hours. will originate IN
large part from the national Treasury
and from the reservoirs Of the larger
banks. 1t will go first to the. rail-
roads, farmers. stock growers, and
through them in regular course will
spread throughout the country at
large.
Wealth From Grain Crops.
As the harvest season, now on In
the southwest, swings northward the
cash from the wheat and corn crops
will drop faster and faster into the
farmers pockets. Even If marketing
should be below normal because OF
holding for higher grain prices. SUI
flcient grain will be sold to liquidate
thus relieving the situation Of the
smaller banks An ample sum will
remain for immediate cash purchases
of commodities long needed. This
money will offer immediate stimulus
to the retail merchant, and through
him to the jobbsr, wholesaler and
manufacturer, with constantly in
creasing liquidation of credits and
settlement Of accounts all along the
line.
The live stock pool. reported now
practically arranged, will provide
$50, 100000 for the sorely needed re-
mediate availability of this sum
awaits only the signatures Of eastern
banking house participants. q eufh-
cient sum to obviate the necessity for
the grower to sell his breeding stock
to settle his debts should begin to be
distributed next week. This money
in turn. will follow the normal route
through banker, merchant and manu.
facturer.
Millions for Railroads.
Trade follows the main line Of COM
munication - the railroads.&c. more
ways than one. According to the Sec
retary Of the Treasury, half a billion
dollars is to be parceled out among
ment Is indebted as soon as possible.
Two hundred million dollars Of that
sum are Immediately available. AS q
pump is primed. distribution Of even
q part Of that sum will start q dow
from the railroad treasures them
selves for needed equipment and re-
pairs.
Steel and coal will receive the nrst
benefit Of those expenditures, and
those industries have been the slow
est to respond to business recovery.
Those who regard the constructive
side Of the railroad situation have
great faith In the immediate future,
Most Of the roads gain their greatest
profits in the second half Of each year.
the percentage Of late income running
from 55 to 73 per cent. The wheat
traffic is yet to come, as Is the move
ment Of the other crops. and more of
the 700, 900 idle cars are being put into
lrevenue-producing service each day.
DnyinE Reported Excellent
Retail buying during the last week
has been excellent in. most sections
Decline in purchasing power has not
been apparent when prices have been
placed at q point where buyers feel
they are justified. Some retailers even
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