New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-12
NANCIAL RECORD
HERE And ABROAD
,,,dlng in Bonds To Be
IIImited-City Loan
Goes Through.

v...8 the initial trading In
HeW IA may be seen in the rui-
'''', :. 7 requires members who deS'
= sI.a s,' d. stock Exchange Clearing ing
sus 20 limit sales to cases where
s'1 ,i,iops require relief, This applies
''nei 49, As well as listed securities
2 s. .ammittes Of bond dealers desires
~ 49, for the present be re-
o. 20 bonds owned by the house
-. s,.s the sale and that all brokerage
'-s ,,;ors between houses be dis
80. With Stock Exchange au-
Sa 80 and the bondsmen commit
eofiues .;~ ;-inr sll dealings at less
81 - cicSing prices Of July 80, II IL
hsn ~ maj the establishment OF
.lps.', sTso,ations and jeopardlzlng OF
s.o.s,snding collateral loans may &c
Fss,. ,Cyccrtro'lcr Of the Currency was
ia ~ saving that reports from the
80 hanks o. this city had SHOWN
iiuGIs ,,sores where they had not been
i's 5s-ste 10 borrowers and that cases
eAs'T;.s 81 loans since the closing
occsance and of throwing out
s--r.tsrsl had been rare. This does
go, that the banks here have not
fs so,rs what they could to reduce
- s-;tbout causing injury. DURING
- - there has been a general
~ ~, nm Of call rates 20 5 per cent
l1 81 S-Sters have been urged ia. make
&c -. - where uoss;hlc On known
r..rsmspts Of currency the banks nave ave
...,,srenily gained around So'OOO'UuV'
y. boT much Of this met reserve re-
-. =; and how much was IN emer-
80 $50 currency and national DanK
49, & not evident.
Jsv's Clearing House statement
~ rsdect the financing Of the new
3. josp PAYMENT was made TO the
~, chamberlain and preparations are
~ roade for sbipnent Of gold to
49,. 10 BEGIN next week. The Lon
y. ..orev market exhibits such ease
-, ssN money is being offered at
-, 70 ~ rer cent and discounts
=. a. low as 50 20 So per cent. THIS
5.pB make the 6 per cent paid by the
- c;fv obligations an attractive IN
,.,t-ent to British holders, and It Is
...;,,,ted that az least half Of the war
80 bsl8 abroad will be exchanged.
TSs Bank Of England yesterday
.gis5 eIs5OO0 10 its gold and con-
nod 10 discount hills az a moderate
~ Regular foreign exchange. rates
:, eYpacted 70 be fixed IN London as
~ resul. Of the new act which pro-
49, holders from loss through war
i,iav in presenting bills for payment.
ne Bank Of France, it was announced,
i,S safely transferred lis great bullion
r,erye from Paris 10 the new capital.
p-;ees for rrlin were a shade easier
-,s,erdav. British buying having slack
-si France. however. is expected to
r,ke large purchases, as the war mas
3 interferCd with the harvesting Of its
~ erop. Exports Of wheat and four
i,Tng the week Of about 100000
s7,bsls we're more than 100000 below
gs record shipments Of the week pre-
sding, but made . gain Of about the
ure amount over last year.
Railroad earnings for August con-
fnse to fall or. tins being particularly
,o.ieeslle N the South, where CONNER
tal agencies report business particu-
hry restricted. As the result Of the
railroad mems visit 10 Washington,
however, they are now planning on re-
opening the Eastern rate case with as
faraBees nj favorable action from the
htentate Commerce Commission.