New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-19
lVCIAL RECORD
Are and ABROAD
,..vv Subscriptions Tor
CITY Notes Prove
Buying Power.

-.;op Of the city loan, AZ
ostrseggsea,sS Yesterday, means lIh
.sF. .,...., 70 betterment OF tne W o,,t
ftsi.iSSnn market BIDS rom ,,,' ~
y txensns received in large NUM-
toEn IS,v note placed IN the IN
~ Ano; king money to thiS clty'
sdF htlps as6sd. Though the SUP
slt's y snks have generally WIN
.sting, PSI slf of then allotments:
m 1hs" ,be rest means payment o, OF
y g! 9, oS Vi here by Septemoer -, "ni ;r
elisV,vy,, warrants mature ~
y f 'i ne way up 10 the end OF the
Csp' ~ 49,. 70 the deposits that accom-,
~ -osi;estions were many IN goI9l
~ return to the market OF
80. -, a,fsst Of the loan was seen II. IN
u .s.;Sn exchange market, Wh !,,s
y i1 49, 10 the lowest SINCE the
- ~, .,;sis arose. Demand sterling,
Tii,nit "a y cot under S4gS, recovered
Iiis.. a 80 buying from mercantile
5 49, desired 70 send rcmittanceSS
- ''T re- need for exchange Stii
-.sehs the actual Supply = 600 oo6
~ sush exports as the nVOU'UUy
"a. n wheat and -four for me week =,
= Tyb n 100000 more than
~ -rra.nonding week IN 1913, Ind'-
T.w 6ur foreign balance is being
g.. tor the new city notes ineiudi,,
49, for small amounts from an
3 ~ ~ country end gaze proof OF the
e...' ~. Of a genuine investment ue
~ The committee Cf Investment
- ,bsf has been supervising Inn
80 i've ~, in bonds has seen the same
though business under the new
sslAs..nent has beer small, proof has
- sseeived Of substantial buying or
- prices not greatly below the
= :, July 30. According TO reports
y pb;ladelphis, bond houses there
y - solesmen out on their rounds
!. -. -, customers the first of next week.
Il, ioesl bank statement ISSUED 10
Eli az course, include in its aver
: sgures the full effect OF me CITY
living. and in addition that OF pay
=, AZ gold shipments Of more thah
- N10 10 Canada. On direct cur
=, rovement with the interior, now
cain Of around Sll0oO,OOO IS
.s,.tsS 10 Offset The gold export and
=, If around S2.Q0o,000 on ordinary
\ Treasury transactions. The pro-
ZION u gold to banknotcs IN receipts
= other cities is reported as lmproV>
], II some instances special ship
10 of eo,d certificates have been re-
~ and some II the local institu>
- are requesting that correspon-
70 make deposits in gold or ITS
srralent. -
NV that after the Controllers call
!, reserves held in the different cities
: 4 matter of public record there
rs more prospect Of dehrlte meas
= for persuad.ng the rest Of the
r,,iry 10 share with New York the
-,3sn Of meeting Europe's demand for
ma Though members Of the Federal
l,erye Board are reported as expect
!, the start o. the new system by
J, md Of next month, IL Is considered
~ Tia, this is hardly probable. When
!, regional banks are IN operation the
rriment passed By the Senate yes
,,i,y, allowing the board TO permit
r,-bers 70 carry in them part Of their
rg7es, will be aa added factor IN
-shling ouy gold.
lsong the constructive news of the
4 vas announcement of the extern
II sf 455O.0Oo Of the Erie Railroad s
fR-year notes maturing ncN month.
NJ will be exchanged for one-year
rs bearing the same interest, 5 per
2, but issued az o. T. Grain prices
w hrm, though reports of discussion
preliminary peace proposals were
zadered by some 20 mean that the
urng nations might before long con-
IA such propositions seriously.