BANKS HAVE AGREED
MARKET MUST ADVANCE
Hniomont Shows K/Tcrt of Invitation
to Brokers to linrrow on
Industrials.
sti:i:i, c;oi*:s ii? o\n point
^'Jirars ComiiiK InI<? l'"avor .\gain.
Wall Street Is Hopeful War in
Ktiropp Will <'ontiniiR for Several
\'ears.
IIV Hit OA DA X \VAI,I?
NEW VOKK. July 22.?That stookf
lave been accumulated if or the ac
?"tint of Wall Street interests the la?t
few flays was tnarlo evident to-day
through the hank statement. Tli?
nvpniRn surplus allowed an increase ot
compared ivitli an increase
of only } 1 iMtT.'sVtn in the actual. The
average loans wore reduced $18,^-3,
fifid w 11i)? - the actual reduction wax
only S3,^S7,fHM'. The average reduc
tion in demand ileposits was $?r?,S07,
00 a, while i lie actual reduction was
only $2.1 Ii.'.Oipi. While tills shows t)ie
banks arc in a considerably strong**!
?'.million than tlir- previous week, it
shows also the effect of wold that
wi nt out a ivi'tk alio inviting brok
t.. Imnow 11 ? ??111 more liberally
on nxlUH'.rials. It is evidence that the
1' itik.H have at;i i ' il that the. market
n iim advance.
If evidence wire lacking on thi*
point it tomtit Iie shown that direc
tors of corpora t ions, particularly ot
tiiotor anil copper stocks, who work
closely with the hanks. have placefl
1 In-incelves in personal chare*' of stock
t'l.iil'.et iiiov f-ni'ii i The\ aie making
these movement!' with tin amricssr..
