The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-27
FINANCIAL NEWS
AND COMMENT
Satisfactory Bank Statement
Will Stimulate Growing
Optimism.
DEFICIT IS NOW SMALLER


The weekly bank statement was tho
mos, t,u,or,apt ue,, NJ financial news
,,, ,r,o .,,,,.. -. ,,o., ..,is
.''''"''' i"0 w.
FACTORY one ana WIZ unnoupteniy 'eh'
to stimulate tn" steady growth or optl-
nism noticeable during tho last few DAYS
ri. o,ah tp,ro,so ,y,s so,pevhat iess than
-,,...t.... ,.,.
"''" p' wv
NeVerthelcSs tnls WIN d uecre"se vi
s3b76 600 in the loan account reduced
IN. deficit nv S1GT4OOn. The deficit IL
No.. .,,,lio. ,t,, i, ,uy TINA xinre tho
-, 80
re'erNe nrs' rev "''"" INV ''-'' ''"'''e'
Apparently the city loan operation is 10 ne
held more or lcss exclusively responsible
for tina hir Increase in cash holdings
a..nV. ,bo ou,n,O ~, r,il d,,ri,,y IN.
, ,,,. ,,.,, g.. a.. .,,t,
Week 10 ''td""' Np''' i'"n' inv o""n
figures there was liiIc heN material Tor
financial discussion. The usual week end
reno-t. FROM tho business world came I'm
t,r .or,o -o,r,,L ,rbcso y,o,.o IL, tho main
,.a,,hi. ,,,,., al ,h .i,,.,,,,,.,.,,..ns
W,,ic ~ ,.'','.so ,nc,o On, hc NJ, ,Hn,,,,h,
- .,,o.,t ,,,,,,,,,..,,a,,, 4, ,,n,.,s III
I'D h,s Ton, ,,, f,iri,, zen IN Tho rarc
~ ,ho do,ast,,,r- ,goc,s 81 Tho Ian.
$50 ,,,,
v-hn,ror ne No, .,,,roi,. i,s,iscd
-. h.,,i .a,,,t..,,,. ',,,1,,',oa -
g.. a,,,,',,t ,o,,,,,,,'''r,,. ~, mo do,,io,.
$50 81, 49,, - 49,, ,,c,h.,n. , ,rou,.
t.. ,oot,,'n 49,, d,n,i,e c,c', - .lory
,,ro,r.'. - 80. ,.,,a ,I,.,,, ros,,,n'
,,o, -, ,,,,r., '',-,,,I ..ordi,tnrs in ~.
t,,,cii ,,d h,,.,ncss n,nr,J DC really
,ho ,,,,,s, e,,,Lt,,, ,o,,urc ~ ,Lo rcrL
60, ,,,,,,t.,, ,,..,,, ~ ,o,,rs, ,,,r,c,,d
~. 80 s,,r,Lcr rot,>,,,,,,, ,,c,r,itt.J by
~, ,,,ta,.,ias g., ,r''din,. l., sc,.,,ri,ics
rt. ',i,, 80, ,.,,,,o,,.,,i,.o orn',.b
istod sc,,,r,,ics ,n a rcs,ri,,.d vay aud
unde. ,h, ,toso s,rcr,ision y, Tho cx-
rbsr,a ~cyo,,b.i.ss that on,. reI.x,.iop
st ali sbould no allowed was rer.rded
os s,o, On tho riyht diroction .nd as
,uch main rroor Ina, tho situation /.
rightire t,s.'f rr,du,iIv AZ io.st +, is
,,,'',a -, .,... ,tu.,,i da,ti,,rs a., 40
c,,rt,,cs c,,, nr -, yerv iir,,,.d basis
,e,reser, F, ,,ndi,tou ~ .Sairs worry an,
fo-,,, Fror, III, ,h,otu,, chaos ,ba,
rroy.il.d A., tho ,loa, Of tho exchange
-, T,,i, a. Thcrcf,ra " ia nut sur
rr.st,,- ,b,t tho counting ~ tho c>rbanra
.b,ui1 hc y,id.r, dis,uissod 4, financial
circles II lie Known tina, FOR tho first
,fr,o tho matter has hccn tho suhicct ~
informal disru.ston batv,cn tho ,Il,hori-
ITO. Of ,h, c,,banye md b,ri,irr interests
ard tho lnpa is mat mo nreIirnin.rv
sec ,lrc,d,. talon 49, only a nrel,da
In others. so tina, tho scopc 81 trading
VII -,,du,ll,. br, surci, bo n,idoreJ
pu, Ohne some ir,nro,amept ha. nm.
doriahly occurred and 10 Thar ex,en,
homes ~ , resiinptIor Of business arc
rearcr fulnlncut the treatment aud Wild
rucsse. NJ an early date for reopenInp
+bo .~,b.rsc arc d,n,ec,,ed 4, corso-,,,
tive circles There is stIll n great deal 10
do. and tho problem has hardly We, heen
tackled
Amonr otber dsvelonmen-a ,ndira-,lv
errectinr hut stul having n hearing ,inon
,be etorl. -lto, sl,u,,io, us Tho com
rletc success az tho ctt,, loan o,.ra,ior
Will, Tho .o,,,r,,jes ofsored vors -, ,h.
highest charac,er and the terms ver. nm
uen,1Iv attr,c+ive ~ ,nust he conceded
,hat Tho f,rgc o,.ers,,hsc-,n,,or hy ~.
ruhIic furnished a rratIfy,nr indication
.s "a tho st,,c % tho cari,aI ,r,rk.t
vhich viii greatly stimulate erfor,s Va and
a W. out of tho n,asent tanpIe IN tho se-
c,,r,,ies rnsrket Nvitn aIeo,Ista nro,actio,
,urrlsbed f,r tho DIV he his trans,ction
ava r.I,b tho stcns bel,g taken nv hanler.
{, coonor,,ion ,,i,b I've Eedar,i Reserve
rosrd Tor Tho forming ~ SION Ooo ooo
80 ,,,i .,.,.i,.,. .,,ar ,ho so,,,,to, -, ,h.
t,,,i.,.,,,,.,Ia ,,-,,,to,,, % rohoh1,r.,,na ,ha
ir,orr.tio,,.l ,,,.h,rra mako, has heen
r,,tcriaily IossennJ
T., 10 ,rua ma, thu darling oxcbapge
,,.,rlot ro,,,i,'oJ Arm, a, a good recovery
- ,ho "a, lao, ie,,eis In fac, ~.
n 81 rot ola
~ nnss,hlo tina, tho necessity or taking
caro 81 oc,obar settlements may have had
a to,,r,r,rv cffer, unor ouotations More
over tho fa,i thar the oxtensiou of the
pritisb moratorium from October to
Nrvcrlher DOCS ma, annlv IN exchange
hiIis on er than checks or hills on demand
wa he cvertinr at least a sentimental
orfect unon mutations Dut on the other
hand our exports OF foodstuffs are being
steadily maintained. and altogether there
4, distinct tendency in the exchange
mar<et toward normal conditions.
This modification OF the English mora
,orium and the announcement that IL will
definitely end in November is regarded as
significant OF continuing Improvement in
financial affairs I'm the British capital.
There ia already much talk in London OF
n rconening of the London Exchange. That
event has indeed already received official
consideration. A committee OF the ex-
change has Investigated the subject and
made its report TO the governors The
matter now awaits action by the bankers
and the Government. In these steps Wall
street is naturally vitality interested.
The Bank OF England made another
highly Interesting statement. showing a
further Increase In the ratio OF reserve
10 liabilities, which Il less than half that
maintained under normal circumstances.