The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-08
FINANCIAL NEWS
AND COMMENT
'anks Gain Cash and Show
Large Retirement Of Elmer
gency Circulation.
SOME POLITICAL FACTORS

further R'iRht Improvement m rovi-
ION was shown ny tho Clearing House
banking institutions I'm yestrrdty's state
mcnt. \ ca ,h increase NJ about 81. ZOO
ooo was reported and as tho Increase In
deposits was only S2ioooo almost
ilooo.ooo was added tn ~. reserve sur
Jus which stands At about 't6ooo.ooo.
RI, most interesting Item was tN, de-
reasc Of tl20o0.ooo IN circulation. aud
g only average figures arc given tho
'ctual retirement Of circulation IS prob.
bly, much greater than appears on the
aos o. tho return. The Indications from
he retirement Of currency and clearing
iouse certificates. which are presumably
effected IN tho reduction Of tho loan ac-
cunt are Of the most gratifying sort
'hey show that the banks arc no longer
'ortendinR with emergency conditions
ny far tho most important Of recent
developments OF a business and financial
earring was tho outcome OF the VOTING
last Tuesdays election. Wal, street
tad approached tho election without ex-
,ectst!ons that ~ would have any great
irnihcanc" for values. Months ago ~
lad been houcd that the country would
how IA tho November btl'ot'ng change
'he current ~ public opinion adverse
q the political crusader against business
Who have done go much 20 disturb CON
1d'nc" I'm recent years. Tho outbreak ~
ne war. however seemed 10 lh'"r''f"
With any prospect FOR registering any
convincing expression 90 m" popular Wow
regardinE matters Of domestic concern.
Accordingly the actual uu'u~o " tho vote
ar,c "s an "Rr''''.' "'fF.'" 10 '."
nnnk,hE ana HS.htN0 ''Hi'''l... "Ly "''
~ t"' moro 'upr'NN.'' "', U.s., "' VIZ
under which u was Gust.
Administration Apologies ard defend
ers OF the N"oSeN'!' Secession may S''N
eNp'tI" Nl, "'l'' ~ WI. wv" ~
business '''''" S''' p''N" ''"." ~ ''''
- war on business ~ P'"'.'i'N "I'i. .
me heN wv" years "l ""'h'ht'' '"'
frduced conlro' ny po'il' 'iN VINO nav"
SlEnaIz"d themselves ~ ''l0N'N'NN
eVtension of governmental rr"'' o" 'y"r
business entcrrr'Se may h"' ne .'h ''''-
Ee'her Satisfactory p'r'"'' 'N' 'hS'h"s0 .
interests Looking h"N'nd thai Nne. are
.n'ln'n 10 of.l'Ne '.' Nl.'"''' 'N %
'ulur" ProSP'FHN VIII r'N''' 'n" 10
.rno !" ah''.p''e WOO '''' .rN''.N' "..
lucal atutnd's t""'r' 'F'1'' 'n""-, ~
ana finance. Extrcm" rel'tion ~ ~"
''f s'anfrnt days Is neither looked Tor
nor desired hut good deal W retreat .
rom tho eV'rem" OF radical advance is .
counted upon.
Although the organized securities MAJ [
net Is in state of suspension. thor" .
was IN oil tho dealings conducted IN se-
curities IN the last half ~ the week /
pronounced reflection % 'Le fr,''r,is''- /
implications 81 tho ol"c-or Stocks .
strengthened IN the irregular street mar
kst' investment transactions under of''cioi .
supervision Increased materially. and the
tone Of the money market became lie
cidedly easier Funds for an vn-e,te4
81 accommodation from call loans %
commercial paper discounts ave ro,r
quoted NJ from SO 10 per, cont. rather
than from per con, inward
~ tho Interstate Commences C,,,,,,-,s
sion should render q fay.r.,lo do,,s,o,,
IN the Eastern ate c,se ,r1 n ,bc
cotton exchanges ara rconeped 90 w.
course Of another for,,l,bt 10. 90,
s,ap,s NOW Ia ha . rossiI,.i,,. d....,...,.t.
factors vii, committee ,,o,,.-,,,f,, :. 80.
n de,arr,jped ,,oyo,,o,, Cos, ~ ,.,,...t,..
90 ~, Get, 49,, -. -
S,,ards 20 n,a,,,,, ~, -.
niv agntn.. Y,,,Sd.a,,.,, F'.l wv
I,ou,datior ~, A,ne-1,a,' ,o,.,n,.'1 'T,'lE"
-. W. ha,,. 80, - 80 i'h..N
,,,a.,ar 80 > INK '''.ul'"h =" ','S
,,,a,o ,.,.,.,t,.. '"N "'.'-
aco.sos W '"' N'h' can ''
49,. A.,
so,,a,.,, w. - ~ Wiz 6oIHeWhtt nh-
.ra,oJ - '" S,n Imr ,''Sl Stu'Noh Fe'-
,-nJo 7, q. ,, 49,, rI.''S ior our foreign
80. 49,, ~ 7,'i'''''' '.'' NC
eco oo6 oon WI rNP",' "''"H'' or 'n"A'
60 ~ S,o,,..,,,S NV lS",ne increase
=. ,lN $3.50 ,'' III" "n'-
,,os,.,a ,,.'''',' VI GU, E""d- ana com
-. - ill., '''t' WIZ ny mo
e a,lne insurance rates me Cor
% hllSn naval 81
10 '''''Nu''N ,"hor hF
t, - 80 W W aHPVIl'S from
..n.aiis 4, @ an" AHHFl', lh''- .
,.-...- .' ~ 80 we NJ" "lat W"i'e "uE
recoysr,, q, mc,obo. - tooI 'eaI OF