New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-05
FINANCIAL RECORD
HERE AND ABROAD
CORPORATION Batting Less
Popular - Sterling
Exchange Quiet.

The antl-administratiOn complexion
~. election returns resulted IN
.-,ea gain in cheerfulness in the
...,.l district yesterday. Such QUO
"" u, &C were made known with the
go, Exchange closed we're consider
INV hrmer. and the volume OF business
'n,,,b the Stock Exchange Clearing
80 was unusually heavy. In spite
=, ,he aggressive activity Of German
-.h,o. sterling exchange showed no
1'eno.ition TO harden, and grain prices
we're decidedly higher
rho General reputation of the
o..;aort's policies by commercial in
i.Sss.sol sections proved that the inter
ouS,i., ~ war in Europe had not
yT ysso5 the people 20 the great dis
oHne.- n business and the complete
tuIo 1S.5orn Of the nations fiscal policy
oIe~No5 becon,e evident before hostili-
ms 80, Tuesdays vote, in almost
us - ont the great Democratic ma
W'Y.rs IN congress, should insure that
lSi'S ,,,,rr of confidence so generally
,ne 'S u-;ll be furthered through ces-
eeste 81 legislative measures inter
ss with the proper eonduc' OF
Snsiness by corporations.
O1 r. the steel trade, where lowered
- and unreasonable regulation OF
~. - -.ilrosds have caused most unusual
tne .s,;on. the result Of the election
'ss.r,irularlv encouraging. Some OF
NsS waller companies, it was reported,
H5 bsgun reducing wages. but the
hsu - ~ the steel Corporation de-
en- ,Lst II had yet considered such
me- me-. ard sdded that he still hoped
49,. srbstsntial improvement in bust
~. N the near future. Last month
a., production was at the lowest
pig for nearly four years, and steel
Is.g onerstion has steadily been
I L,;,tinr Foreign orders continued,
-. he resulting tonnage was COM
rsratively small: c,r
ooo o00 in Treasury bills yesterday was
III absorbed. snd early figures indi-,
49, 49, RAJ the rate Of discount would
49,. .usve well with the average Of about
81 ~ cent. 40 which former issues
ha6 been placed. AAe oHN4"e
,~"%oc-,torium had no apparent effect on
J;seount rates In the British capital
.-L;cb continued easy. The London
S.nct Exchange settlement in the mid
Ts ~ the month is being awaited here
s.;,h much interest, for II is felt that
Tonson must be in position TO resume
serurity trading before our exchange
The foreign exchange market was
5rn Yesterday. IS no available steamer
-, Fnrone was scheduled TO sail until
4 .Se and az the week. Sterling bilis
wsra In plentiful supply, and the price
81 demand was slightly lower than on
Wor6av. The increased danger TO
SHINING from scattering mines IN the
Nh Sea and the raid toward the
! coast Of England by a portion OF the
4 German feet failed 10 cause the. ad-
vorcing tendency that might have been
sYreeted. Monetary rates were praSc-
Jcsilv az ~ the beginning Of the week,
& br- more institutions offered call loans
4 q. & ner cent. The Controller Of the
4 Currency having asked for condition OF
me banks as Of October 81, before the
rsw reserve act Is in effect, the re-
ror.s presented will be OF interest as
Showing changes in condition during
The two preceding months Of stress and
indicating the progress toward retiring
Clearing House certificates. Emergency
s currency 20 the amount OF about sS'-
1 100000 was retired by banks here yes
(terday