The sun., 1914-08-26
FINANCIAL NEWS
AND COMMENT
Developments In War Cause
Depression in the Finan-
cial District
URGENT CALL FOR WHEAT
Demand Extends From France
and England to Italy and
other Countries.

s,, - .,-..
oe"'in"en' !" 1s ""A'"su oio" 'o'
dIstlncuy depresseo yes'erday oy tne m
ferenccs drawn as 20 the financial bearing
OF the latest deye,opments In tn. Euro
mean war suph, ,,,rYenns in tho
-
e'er.'"S eN'"anse "A'' oo' W
10 the news or German succeees was
hardly an adequate reflection OF the sc-
tual change Of feeling Perhaps Wall
street had been unduIy optimistic as to
80. ,,..a,,o =, ~. -, ,e,,, Dor.
Wv - '"'
hdps' too' tno osy news ''"'" ''o '"e
tire or war conceded with gro" NJ teal-
ization OF the widening OF the Area OF
business, activity thai is being adversely
,ft.ct.d and of the otsst..clea that mus, be
,,..,.,,,,,, h..,o,. ,b. .,,u,t,on o.n n.
~,
wen aPp. "a i..t.
NJ" evei 20 " 80 n,,,c..ani.
- IS % W H. ,,,,','''., on,yov.r
-,', ~. .,,, 10 ,n. vvn,,, .xn,,rt
,.n,ta -. ,no,hI. ,ynnr,,v,ment The
800, t.s,,, %. ,,s..a, ~ ,ba laird
Is'atr, - p,ano. ba. sxt.nded To
C,-.'',a r,aIy .r,,rh.v ana sosaadinayt.n
1o,nts,.. Eo-, a, tn,ro,r in f.ct n
n,,o,ng -1srlv far wheat and orts IN this
rnsrk,s ana The AMOUNT OF tresb busin Gee
don. mi. .,.,h han already assumed large
nrotprsiona In suite Of h somewhat froer
orer,rs OF rrsin hills and also OF finance
bill, the sxchanxe market remained el-
ce,.dinsly unvnG Rates even advanced
slxhtly In connoction with the norsased
supply If foreisu nrvdits herr II Ia intsr~
eating To nots thsS $500 900 In gold was
Withdrawn frorp the Sub Treasury here
for shipmen, TO Canada. and 100000
uryre was taken frum the assay office
presuma bly, for the same destination
graIna prom Sc TO be lnc.easin1ly heavy.
surplus, the outlook for our foreign trude
Is poor. Some idea OF what Is TO be
expected In future months is furnished
by the statement or the country's t.reisn
trade for July. Last month exports or
merchandise out Of the country were
Sc. 095, 900 less than the total VI Imports,
thus showing an excess OF imports over
exports for the fourth successive month
Imports were Sl60,l7S. 900. new high
record. while exports we're sl5t.0e2, 900
For tho seven months Of the year the
export balance was only s5e.625.Ooo. ss
compared with an excess OF exports OF
1907, 907. 900 AT tho same time q year sgo.
The figures Just given out do no, cover
tho period OF complete disiocstion OF
foreign trade following the outbreak OF
the European war. The statement for
the present mOntn Wnen IL comes IN Will
show the effect Of this blockade. In the
past few days grain shipments hav.
started to move freely, but tho improve
ment In thi, respect can hardly Offset
the falling OF n other directions In
cidentally the figures will explain elo-
ouently why the reduction OF Govcrnmen,
revenues Ia pressing for attention
The resumption Of the conference in
Washington over the formulation OF plars
for Government a.slstAnce in financing
m, cotton orop ws, tca,ur. Of m.
day's news In ,,,ia regard ,h.r. s..ms
10 no .on. c,ovrd ,or consola,,o, 60
-hst the .sn,imnni .,,,rsss.d ne ,s"
leading sprI,s M iris m.e,,ns wns
.,ro,g,,, arn,n., ,h. -, 49,,
y.ncv rr.as,,ro. nrono'ad T., ,h. ~. :,
,,aior,vn,io, .o..,s TN o "
boi,s,nm ao,,o,' "a ,..,,,. "a" W WI
,.. 80, ,,,,ah 'Vs' 80 =" " ,e'
=, -. .n,, Iits 'o'
~ ,h, w l'"nn-
',,a...,,a ~ go. rN 10 .ne
,.aI 80 ~ s"' pa,iNs "e"., OF nol th'
80 s"' W "uo ou' VIZ No'ern-
u,,. l'e'' 'uen uppn'e.t'S rs ,na' 'hese ware
~ ~.'ouo. teo'ip'H hre 10 "e regatoeo az
','''e W t"e ""'uro oi pohu ana
| cnNTeiy sulthnle as OASIS Tor euer-