New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-26
ANCIAL RECORD
HERE And ABROAD
,..,,.ted Stocks To Be
said Sold at Lower Prices
Currency Gain.

LAT advance toward ireer
AnoiheI tsnrities was made yesteT-
as6ing ~ vsos announced that deal
hl Y unlisted stocks az % p.a N,,id ba
IS, ~ close Of July % T TLn coro.
l,l.s, under supervision sncb
g. l''ttIS at formed to e9nslg9et tSa
rlilee ne was overwhelmed py Ie
HtnssstiiO'hSp siness proposed h9nos'
SIS ~ and unlisted, have oeSh
~ i priee concessions, ous LhS
lsit 70 .Itnal sales has been slight
ulene - ,,SsE however. should see an
De sex voiume Of business dohe'
l9lFeeAgie. hanks here cannot be Sx-
cd @ w erance purchases, all safes
pssteo " 20 Gown should beneht the
n1te GU financial institutions mere
gsitloH - ,redicted that listed stocks,
b . Row PsIcnc arc held to the Level
gli y. last day Of trading may . sun
q =. ~ in At range OF lower prices
y ssSst thus the way may De paNeu W
~ -e,pmption Of trading, =,
~ IesN t,orn currency shipments u
Er9n e Hn that local banks gained
q s ,Ssn $4,000, 600 from the ln n6o d06
sore ~ ~. week. or around Sll,OOO,OOO
t1rlhs ~ was lost through export TO
pore As "a in ordinary Sub-Treasury
Cinao. sst week the banks gained
ls'.ns,.Sja.rahle amount OF reserV
. eeh',SS 49,, transactions with then
ts..srondents, and so q IurlheI Ia
e.' - in cash holdings is expected 70
Deposits on oilers ior envy ooiluS
w. IA materially toward TINS END
h ~ Secretary Of the Treasury, IN
~ ,st;on Of his crusade against the
- Sost of borrowing, accused New
" b,rts Yesterday Of charging
loA ;1tsreSt 20 their correspondents
llgnsl ns;,;ors justified. This, he SAID
eis .V tSat n New York charged the
san .ls.isnt Of = pcr cent TO the banks oil
4, south these must impose nlsH ;sL
- on their correspondents We
II--.-,5 cause very high. If not eNoFol-
a2siG - n the ultimate borrowers.
~ Treasury Department, having com
-. returns Of conditions OIL All ma ma
80 hanks, should be able 10 ten
'5..bsr or not this city ought TO lenu
$3.50. -. freely 10 Southern centres. it
~ ~ bssn supposed. however, that with
100 so low and so large per-
..s,scs of deposits involved IN co..
S S.'sSi loans New York institutions
80 doing their share, and that the
800 49, Reserve Board had recognized
a, IN asking other reserve cities o
"a New York in paying gold to meet
isrsign balances. ~ =
1, REPRESENTATIVES Of the State Of
,.1 ~ were unable on Thursday 70
wee with local anaucIcrs on terms Tor
,ytsSding their maturing note issue
sss,etsry McAdoo announced that he
~ arranged with a national bank OF
IN, citv that acted "a the states fiscal
,sgrt for loan at satisfactory terms;
!, ,nnears that. after all, the loan had
IA bsep refused, but that the state
Ia declined TO pay local investment
l,rsss the price they asked for the &C
1wmodation. A year ago last sum
~ tennessee offered Sl1.500,00O in :
~ cent refun ling bonds and received
S5, for less taan S2OO0,O00 at prices
rom mar down to below so. As a re-
I'M Il had TO replace maturing 3 per
mi long term bonds with an issue OF
we,year per cent notes, which II
wl5 Al $50. 1T that time, however, 1t
rs not considered a necessary tunc-
ton Of the national government to
Hperyise state 6Hancing