New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-03
FINANCIAL RECORD
HERE And ABROAD
Sterling Exchange a Shade
Firmer-Good Gain in
Weeks Exports.

A. yesterday was MonGay before a
,.1.ss,. s,,ch limited trading as is now
Lo,,t, done in the financial district was
49,, o,ieter than usual. Prices for
l"'...,,tics were we'll maintained, but
S.~,t,-, exchange was a tribe nrmor'
Tbc~e snpeared little increase In buy
- ~ demand sterling. so the advance
LIS or 20 points may be ascrloed 10
- tbst Great Britain's placing cop
or6 mineral oils on its contraband
H.. Nil reduce the supply of exchange
eIablc Grain prices were hrmer,
"Stb heavy foreign purchases OF wheat
AT" Sy Cryt from this city last week 70
H. saline of SOS, 100000, were $S,OOO'OOO
- than the week before and S9,-
AN ana ahead Of last year
revront OF the FIRST instalment OF
.tor hanks subscriptions TO stock
=. ,bc regional bank Of the Federal
~, w 80 system caused transfer of gold
-.;scstes Yesterday 10 the new insti-
N- 1, response to the request from
u.,..t,-,-ton local institutions. II Is un-
"",S we're not called upon to any
..3,~,bIo extent 20 make payment
So,,,t-c f.town members. Money rates
-. ~, ro NO spprcciable change from the
.to week in spite of the increase
GNU .',-i,s rerortcd Saturday, but funds
'" .,Lcr more freely offered.
,foosYres reported from London TO
,,, the collateral loan situation
80 crrhasizcd the difficulties that
.-S i, thc way of resuming security
Lenders who are unable 10
e., securities for currency at the
80 nj England are. according to the
49,. received. 20 Get through govern
80 -ra~s~tcc 60 per cent on their
49, from the bank on furnishing ad-
S,.,c,sl collateral Payment Will not
~. INSISTED on until q year after the
- ID ended Banks are not TO be al
l,,,s5 t' ,ell loans until quotations are
S~-.r, established az the minimum
.r,,ss Of the end Of July.
TSis aid 90 the stock market by the
p,t+isb Treasury is a part Of that gov
crrment's programme 10 make every
-rrr+ toward encouraging business 10
,,~t,rue as usual Here It is not CON
.o;,sb'e that our federal authorities
eo,,5 assume such obligations. No
-.,.b evrrso exists m TINS country as
Is presented through failure OF alien
-.,. MICS On fu'tl their contracts IN the
London. Ur"|.t ~ NttN Ne-s4'N' 49,
-,r.+ he trusted 10 work out some
means of reopcu.ng our exchange on
-bc.- own resources. Patience Will have
~ he exercised while week by week
-tc~ strengthen themselves against the
canning STRAIN and our international
,os,-i5r establishes itself more firmly
tbroprb our growing exports. Where
possible. loans are being made more
secure through brokers and their Gus
TONER'S tepcs.tiug more or better col
lateral. bat reduction Of dividends has
~e.~- that some readjustment OF mar
tet value must be recognized.
some comuaries, however, are fur
.iebir- encouraging news. The Federal
Srrsr Refining Company has taken UP
and raid in cash upward Of Sl,5OO,OOO
-~ maturing notes. The first few
months of the war have placed sugar
oo~.na-ie7 in the favorably affected
Fst The two great Eastern railroad
svs-ews. the New York Central and
.ie Pennsylvania. again show in their
rorthly reports that economy has ena-
bie3 item 20 change losses in gross
earnings into gains in net. The ~.
psrl and Missouri Pacific, through the
GREAT crops along their lines, report
material increases in both gross and
not