The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-12
Kept Busy at Phones.

Ntpt "uss ~
II no visitors were received that did
no, mean that the members OF the mis-
sion were Idle between 10 80 o'clock
and / o'clock, when they left the hotel.
Telephone messages overlapped each
other for them. zach of the six men be-
Ing kept almost constantly at the phone.
Although no word came from the
eighteenth floor OF the hotel. which has
been assigned TO the mission, II became
known that the mission was very much
Pleased with the reception Friday. par
tculdl,y at the evidences that the entire
financial interests OF the country are
ready 10 confer with them.
In addition II IL Known they read
win satisfaction dispatches from vari-
Gus cities published in the morning
newspapers expressing the willingness
u great financial institutions to
participate in a plan which will estab-
,sh credits for England and France
whereby sterling exchange and franc
exchange may be kept at normal rates.
Since the representatives of the cot
tor. wheat. meat products and manu-
']acturing sections are interested. they
believe their task will be much easier.
The programme for the conferences
has not yet been arranged. or at least
4, was not made. public. The men will
go downtown, IL was thought, and will
meet those with whom they desire TO
confer, IN all likelihood at the Chamber
q Commerce, which isia central build
ins The conferences will be held daily.
but IL is thought IL will be several weeks
before the plan begins to shape itself.
May Aid ~ Legal Work.
Ae Dar., Dn,lg,- 49,, 80. ,..,lki.
yesterday no confirmation could be had
~ the cable reports from London that
he might supplement his financial task
with work on the problems raised by
International legal relations between the
two countries. The English LuU Journal
IS quoted in its current issue as saying
There are judicial questions OF great
inportanCa which are now pending be-
tween the two countries. and II the Lord
Chief Justice can find an opportunity
during his visit to apply his great organ
King judicial powers to an arrangement
OF some basis Of settlement of these
questions hy the formation of "A nix
court or other special tribunal he will
nav" earned the gratitude OF Internal
tonal lawyers as well az of his country"
4 Sterling exchange rates broke sharply
Yesterday, closing "a cents on the pound
below the prices quoted at the end Of
business on Friday. Foreign exchange
experts said the break was due to a
heavy Offering Of commercial bills. 1t
was explained that many people had
been staying out Of the market. hoping
20 Ct better prices, and that yesterday
, was evident that nan OF these had
heeh t'rccd to offer their bills. As a re-
sun tn" market. which has been rising
on he > aspect Of the placing Of a Brit
'sa cred ? here, was unable to Withstand
no food Il offerings. Demand sterling
closed a. iG5N, with cables at 4.66 y.
ms compares with 4.69L and 40 on
FRIDAY. At one time yesterday, how
ever, DEMAND sterling sold as high as
+tt4 with cables at 4.70L.
Francs were easier, at 5.97 for checks
ana 5sG for cables. against a previous
close - 5.96 and 5.95 respectively.
Marks declined ~fractionally, closing at
~ for sight drafts and s2% for cables.
Inc closing price on Friday was san for
the former and SEA for the latter. Ital-
ian lire rallied sharply to 6.4l from 6.44.
austrian kronen were unchanged at 1905
az were rubles at "a y.