Trust Companies Volume 2, PT. 2

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 Excerpt: ...only on condition that delivery be made from three to five months ahead. (In mercantile circles the. activity just now is especially marked. Autumn currency shipments have been the heaviest in years because of the enorrnpus yield of crop's.. But this condition is transient. The Cfrisis is already past, judging from the reports of interior cities. Money will shortly begin to flow back to the centers where it is required. Dividend money returns to the market's seeking new investment. The New York bank statement shows large loss in deposits-which most likely represent the transfer of loans from tr?e banks to trust companies. The fact that the trust company itefns and transactionsi.are not embodied in the weekly bank statement makes that documentalmost Aext to.worthless-as a barometer of money conditions in this city. The mpney situation, both here and abroad, is, nevertheless, the mpst important factor in market considerations just at this time.-There is no Eastern war to ascribe stock market declines to. The dove of peace flutters unmolested in European court circles. Germany and France have signed the Morocco convention. England and Japan now stand shoulder to shoulder as sponsors for the rhajintenance of territorial integrity in the Far East. At'home there is noting radical to apprehend from Congress. Railway rates and rebates will be a prolific theme, but legislation will be modified when the conference committees are through with the bilk The prospect of tariff legislation is dimmed by the confident altitude of the high protectionists and stand patters, who assert) that there is no.element in our economic oij trade conditions which'demands a revision. In view of this stand for high protection a tarjff warfare with Germany becomes i...