New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-26
sood Export Statistics
simulate Trading in
Mining Securities.
scyICAN SECURITIES
SHOW FLUCTUATIONS
DO Ia lama Throws Light
a. Financial Situation of
His Country.
=, csl-eto The Tr.bune I

rrr Ie".f n" 10 IlNAA'f.
,.r The Paris Bourse last
p - info line with the other Euro
- - exchanges. a genersl rise in
:. ,.,ne witnessed. With a marked
- .rsrtiv.ty On he industrial eroups.
- as partv due 70 the lowerins OF
= ...orrt rate in other capitals. an ac-
.s,es the Bank OF France expects
-fste shortly
- EXPORT statistics from the United
simulated trading in mining Sc
-. notably lr the copper section
- ,overinc operations were general
-, under pressure. The continued
:. so- cash and heavy purchasing
= petersburg gave unusual brisk
:, Russian metaliurgical shares and
-. latter closing very strong.
- rentes are for the moment
- Heay, shipments Of sold 10
,,,,-e are needed 10 meet the re
..~.sts OF the French banks for the
=. n the Balkan loans. Twenty
- dollars in gold IS expected from
n York alone
Points on Mexican Finance
.. s.euauuc movements Of Mexican
-sss on ihe French stock markets
=, n, last few DAYS show that there
y onpos.nc cu~rents-one q pessim-
a. me other OF optmism-in regard
a.. stocks. and 70 may be also Of CON
- market Interests dealing for a
"a islL
any rate. the views Of Senior de Ia
Given 10 The Tribune correspond
,es- bis res euation the other day,
=, some light on the financial situa-
- me Mex dean Republic. The min
I, came 10 Europe % settle the cues
,,.bs psvm,rt OF the coupon Of the
...-s Mexican Railways due on the
y, Or Januarv 81 Insecurity OF transit
- the circulation on certain lines
i, system. and the gross receipts OF
.~psnv we're insufficient 10 meet the
susnt
r,ossh the Mexican government was
a-,et,v responsible. not having guar
,,.5 The payment OF the interest OF the
..srsl Railways bonds the government
I, morally and materially interested
!. n, credit O. this enterprise should
.-,.- intact. because the powers That
-. urinary iten as the biggest
srshcllers.
~ eomparv Of the National Rail-
n, is ISSUING 6 per cent notes redeem
uiihin three years. guaranteed by
isosit Of $500. 600 Of . per cent
-.u-r bonds o. 1913. which the Mex
so,er.mert is willing 10 grant. The
-.mr opened iu Paris with the
rn-1 Legation have only Just begun
4 nsf Oh ect is 90 secure. II possible,
nStsron of the contract Of the loan
fug greed 90 with the French banks.
Money Lent in France.
rr french banks lent the Mexican
rr1nsht ssoo0oool. or Whereabouts,
Der cent bonds guaranteed by
rage Of es per cent Of the receipts
es Mexican customs These bonds
ne psri o. O. total loan Of SSe,-
Ha OF which sum the French banks
reserved an option The banks ala
zks up their option on the second
0, the loan. that was their right,
d placed TIE Mexican government IN
tscult position. for the loan contract
per- onerous in its various clauses for
zio
these Circumstances and consider
4 he present difficulties in the inter
sEsirs Of that country. the govern
b; isks its creditors 70. al least. al
b 10 regain its lihery Of action
/, fally maintaining its engagements
rs creditors
. reply 90 O. question concerning the
nality Of tie Mexican government
= ~ pc" ion 20 meet the large
n required. tho eN-mlnister replied
although a detailed answer is diff
a. This moment the needs Of Mex
e, noi so great as imagined and the
,,1a situation IS not bad.
b Treasury position IS not unfavor-
4 Tie ex-m'uister stated. and the
rrsni O. Huerta las spent little.
'smsn part o. the So, 600 600 loaned
lsar was absorbed by the state. be-
rore than $50 600 900 was sunk IN
4 'sag both tie principal and interest
i',rious advances made 20 the gov
~ o. Madero and with the deduc-
" commission payments ana the diff
~ between the rate Of issue and the
a par
Money Lent in London.
100000 remained available Tor
resent government. and II the S22,-
lent by the banks is included the
's.al amounts 10 $1,000 900. in add
ne above sum. The negotiations
y O an advance in London OF near
4 ANeao pesos )e1actly 10000 pounds
q 10 the Bank OF London and
- have fallen through and steps are
f'ng taken 20 enable the bank 10
y Us normal operations on the eN-
~ Of the moratorium. on the
sn O. its character this establish
has the right 10 issue notes equal
'-eis It's cash reserve. and this fac
VIC be extended TO thrice its none
'eerye.
.'s'on vas put 10 the Mexican eX-
1 as y the ultimate solution Of the
CRISIS 10 his country The min
40 mat II was a matter o. ma
''hof and for the good OF his coun-
President Huerts should remain
Until July neXt-that rs. until the
uecuons. Whoever IS elected
VII not oppose the popular voice
"'hsef - quite out OF the cues
ing Ineligible NJ. de Lama be-
'a' the American government ap-
NE necessities Of the situation
= await results. Further. he added