The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-03
Big NATIONS AT WAR
FINANCING WEAKER
New York District Is Interested
In Cabled Reports of
Help Given.
FRENCH CASH FOR ALLIES

Ths financial dist-,ct %. ,,..,-s.ed
yesterday by .h~ csb,.d -e,o,t. ,ba,
financial aid 10 being extended ~ ne ,no-.
po""riu' OF the warning European ma
TONS 20 'Neir snalle- and less wealthy
"I',S' u was recalled that at the time
Vi 'he Napoicon'c wars England extended
"''"hclai h'd 70 all the smaller nations
winch assisted her IN crushing the mower
OF Napoleon and even supplied them with
arms.
According TO cables from Paris the
French Minister OF Enance mas been
authorized by the Council OF Ministers On
open a Treasury account for time loans
and TO aid in the establishment of cr.dt,s
Tor her allies, and to debit S6s.1OO 600 for
that cause. 1t is to be divided as follows
$oO,OOO0O0 to the Belgian Government,
SiN,oOO,OOO to the Servian Government and
100000 10 Montenegro.
~ was also announced from London
I''lt Germany ~ preparing to issue "A
NJ" war loan OF $3.50. O00, 600 and that A
preliminary contribution. she would adj
vance SoO,OO0,00O to her new ally. Tur-
key '' -"
Russia is reported as floating a new
war loan OF $3.50, 900 600 while Hollaud
"h'eh mas so TAR kept out OF the strife
tnFpHt-
en'd by the Germans. Is said to be raising
loan or $4,000 600 To bear interest al
per cent. Russian exchange is expected
10 WORK much more freely, now that sh..
mas deposited In London G.. 300. 900. Now
,h"t runles have risen 20 per cent in a
week the credit of the Triple Entente
countries is said to be most excellent
IN the other hand marks are said To he
quoted abroad. according to Paris de-
spau'h'S. AT 10 points below parity, with
austrian kronen Is points below parity.
'"sslp concerning the further extern
SION or credits to belligerents by banks
III thls country subsidized somewhat yes
terday. There seemed to be growing
teeiing that more loans might not he
made. International bankers, who might
he expected to know OF loans to Europenu
countries. denied that they were con
''hpIathg such steps II has been
pointed out that such loans do not make
exchange and tina; outside OF the fact
That they create trade do not help 10
solve the situation which confrouts this
country one banker said Yesterday
nat sucn a loan AS the one made 10
France might bee a good thing for this
country after ALL as at It's expiration Il
would leave this country eth credit
there 1t was also learned that Sweden
had been IN the msrks, for loan at
the same time that Norway was seeking
one. but as she wished her accommo-
dalton 10 be long term loan as well
- much larger one than Norway
wanted, the bankers here were Obliged to
refuse her.
The exchange market was somewha,
easier yesterday Demand sterling was
quoted at 49oN and cables at 49OTs
which compares with 1905 for the
former on saturday and 49iil for the
latter. France sold at 5l3i, for de
maud and 5l2a. for cables Marks were
quoted at SIS il-16 for demand and ASS,
for cables Foreign exchange men re-
ported tina: business was quiet and gave
ss a reason the tact that Monday was a
pre- hoi day. adding that those who were
able would let exchange accumulate until
Wednesday. hoping TO get II at lower
prices.