New-York tribune., 1914-11-11
FINANCIAL RECORD
HERE And ABROAD
pusiness Statistics Not
improving - Trend of
Money Downward.

'. anti. Of the increasing benefit de-
- from European orders our ousi-
-, statistics still show industry
.Xs,Irs The net surplus Of freight
"a, the first Of the month, 10000,
enc greatest az this time since
- I, The latter half OF October
,s..-.cked equipment increased lS,-
~, soo though the total Of idle box cars
Tu.;,,shed because Of the grain move
-, IN the Northwest The Steel
Tens Tens,~.t;on t; reported untitled tonnage
wv end of October Of less than
a. 40 S Soo q loss Of more than $4,000
~ IN ,he month. This decrease IN
'oss An the books was less than for
oIoV-S V.-.Sonth preceding, but that was be-
,.e ne Of reduced production, not
.t-onsh any better buying.
Txrorts from this port a measure
- foreign trade that has oeen ouer-
y continual encouragement, we're
- last week az a little under SIS
NSsoNOo over s. 100000 better than for
.Ls similar period Of 1918. Inc totaI
.u srorr5 $4,000. 900 less than the
sssk before. shipments OF mineral OILS
- of grain falling of rather heavily.
T,no-t buyirg Of wheat has apparently
J,ctered. and the closing prices yes
s.-5sv for wheat and corn were cent
!, moro under those OF the day be-
ro-.,rn exchange rates we're again
=, demand sterling at the end Of
L.,;ress selling 81 1904 the pound,
-lio r,srks we're traded in NJ under
~ sor four. This continued weakness
- German exchange. resulting from
=, st,ewpfs 90 establish credits here
- tbrouch transfer of balances here.
,..is bankers 20 believe that funds
- soon be sent 20 some neutral
-.~-.rv Ike italy. so they can be
s,svr against here. With the pay
~, Of the latest instalment toward
Vsw York City's foreign debt there
r,,s compsratively little demand for
.,,r'inr exchanges yesterday.
discounts rates in London yester-
s,r we're acain lower. at under 2%
per cent. The destruction OF the Ger
-sr commerce destroyer Emden netu-
-,uy had a favorable effect on tnan-
-;,i sentiment ir the British capital,
Z, well as on war insurance rates.
Investment buyinC such as has been
.ssr In this market was reported from
Iordor. extending from government
.scvvities into short term notes and
rlt.edced issues
Here. In spite Of the prediction of
-anv bankers that the rate Of accom-.
-o6stion could not rule below per
e,rt rs long as any considerable
amount 81 emergency currency issued
N local institutions was outstanding.
here was q marked tendency toward
farther relaxation IN exceptional
! sses. A small amount OF call money
| rss renorted offered al AZ per cent
nj fixed date funds or stock market
,ollstersl also went under per cent
n few instances. Commercial paper
;t-erally passed az s per cent, but a
Ain amount Of best names for short
atcs was placed az concessions from
Ne ruling rate The local reserve
,srk sent ont 20 member banks of this
district a call for deposit OF revenues
I, nrerarstion for the formal open
ne Monday. Request was made from
Washington that this deposit should
Be in cold or its equivalent. Advan-
tage. however, may be taken of the
permission of the act 70 include half
commercial uaper eligible for redis-
cunt after This has been defined by
'hs Federal Reserve Board.