COMMERCIAL LOANS TEND TO DECREASE; Lending for Civilian Purposes Shrinks Faster Than War Financing Increases VARIOUS LINES REDUCED Early Campaign to Find Funds for War Industries Aided by Government Acts
Despite the hard-driving efforts of the nation's commercial banks, led by the big institutions in New York City, Chicago and other money centers, to increase lending to finance war industries, it begins to appear that steady contraction in lending for purely civilian consumer purposes will force eventually a continuing decline in the grand total of commercial loans.
