A. M. WOOSTER
Formerly Examiner U.S. Patent ""re
1115 MAIN ST, BKIDCjbll'URX'
I
Mary Ltooaie Mas a JSew
HENRY CLEWS'
iVEEKLY LETTER
Another week, of postponement or
inactivity in national and internation
al affairs has left the financial out
look - but little altered. Conditions
abroad can, apparently, not be fully
adjusted to a peace basis without the
aid and participation of the United
States. This situation naturally gives
to policies at Washington and to
opinion throughout this country gen
erally a significance they would not
otherwise be expected to possess.
From this point of view the unsat
isfactory progress of the peace treaty
negotiations among the various Sena
torial factions has been especially
disappointing. The same is true of the
apparent inabllity to arrive at an un
derstanding regarding railroad and
other pending legislation. It looks
more and more as If some topics
which should be disposed of at an
early date might be carried over into
the political campaign Instead of be
ing promptly adjusted as they should
be.
Distinct signs of economic Improve
ment in some of the chief European
countries are the most Important
Item of encouragement in the pros-
peot, although these are partially off
set by immediate difficulties calling
for relief in the Central Empires and
in various devastated regions adja
cent thereto.
Money, Credit and Investment
Although the level of operations
on the Neiw York Stock Exchange
has continued low, call money has
again tended toward high levels.
touching 14. per cent or more during
the middle of the week. The action
of the Chicago conference of bankers
on January 23, confirmed the action
already taken by the New York
Clearing House in fixing a low uni
form rate of interest upon out-of-town
bank deposits.
