New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-14
FINANCIAL RECORD
here And ABROAD
o.strictions on Delayed
delivery Check to
Foreign Selling.

:, permitting unrestricted trading IN
I'D municipal bonds. except for
, 49, delivery. the Stock Exchange
''.ori,,es yesterday recognized the
SUM- a foreign ceiling and indicated
'..' method by whieh~sueh pressure
W. :. ,s.sened. This is step toward
may ~ Of restrictions on the entire
INV, bonds which may now be shortly
'' u" y in similar fashion In
&C.,. &C.,. are sending orders into the
80 SOuses in good volume and prices
'O"s Iii above the low levels OF few
IS. ,..so Advancing securities prices,
80 monetary conditions with the APP
- o. lower reserve requirements
PA normal levels for foreign exchange
S..,s the extent CT financial i'm
..v.ment Il may be assumed that
~. will before long mean that active
.-.sips will not be limited at the Cot
=, Exchange and the curb.
supervision Of transactions for fut-
delivery is, Of course, only a par
-, check on foreign liquidation. II
!. t,own that large European holdings
:, ,.,prities are kept on this side and
'I;,usp,s are understood to have been
,,irlv heavy since war first appeared
-.hsbls But Il such discrimination
: continued after the exchange is
..a /. will prevent g sudden disss-
~ 4, the battlefelds from being so
.s;iv rejected by cable selling orders
II our market.
sd. Yesterday. prominent lenders VINO
IA been maintaining the per cent
20 dropping 90 So. Following the
.brrpt break in foreign exchange OF
,bs dsy before she market turned up
vs,S a little yesterday, but the recoV-
Wv aid not extend far. Local banks
,,:n reported movements OF currency
,rnsrently gained around SS,O0O,OOO
s,6rr the interior during the week. To
.S.s, this nearly Sl3000,000 in gold
~, sbipped % Canada. and on ordinary
S-b.Tressurv operations the banks
iost more than S15.C00.O00. As for the
,,seedirc week Dc is probable that
io,al reserves will be stronger than the
foreroing would indicate, as payment
N the Sub-Trcasury for retirement OF
er,srgercv CURRENCY may be made in
bspknotes. Arrangements have been
rsde in this city for the retirement OF
sround slSOOO000 Of the Aldrich-
Vreeland notes iu the last six days.
Gable advices received during bust
,sss hours reported the British govern
cent planning a way loan of f225,000,-
bad. II is now expected that the Stock
Exchange settlement will be accom-
slished with less difficulty than had
been feared. Money rates in London
yesterday continued easy, but prac-
.esllv no business was being done in
securities The Bank of France is pre-
pairing 10 release part Of the funds
licked ID By the postponed settlement
Of the Bourse.
Some Improvement in business con-
ditions is evident from bank clearings
for the week al outside cities While
still lower than last wear. the falling
is much less than in previous weeks.
Gross railroad earnings for last month
were Disappointing, particularly in case
Of Southern roads that felt the loss of
the cotton movement. Exports of wheat
and corn were larger than last week
and much better than for the same pc
rod Of 1913. Apart from lines where
foreign orders have caused activity in
dustrisl operations are still curtailed.
Retail trade is suffering from the effect
Of the unseasonably warm weather,
coupled with reduced buying because of
unemployment.