The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-25
Big BRITISH CREDIT
TO Be SOUGHT HERE
800. 600. 900 Likely to BE- To-
tai Engaged Against War
Purchases.
WATTS MORGAN'S ARRIVAL

'N'''' q i''E'F'E''' MpNlAl ~ tIil''lf ~
mt as soon as !. y. MorSan arrived IN
london WAS for the first time a. nni'elv
admitted In international banking circles
yesterday. \ member Of one of The
mosi prominent International houses in
Wall Street said Isl, rday that all his
that some very important conferences
would be- held "n Mr.. Morgans arrival
ana that "nis m?:' :. were still In TIE
tentative stag" 4 wis likely that Som..
Trims dotinito would IL" dun,.
This banker also commented on the
aiunuunccmen last December TO the ct.
te't that leading bankers OF Euglaud
dud tn United states had agreed that
u At any time durns the war exchange
conditions should become such a. to
u',"ssitat, heavy gold shipments be-
tween the we counties artificial means
would ice taken - prevent such an oc-
'Nrr-n'". lie idtiinatcd Il was lugical
10 assume that such a stage had now
been reached and that the artificial
means WIS credits.
Frame also Is understood to bc ncgo-
tiotine for credits ia this country In ad-
dit,ou to the many small balance al
r,ady established. ranging from $1,000
lU0 to S5.oV0.oO0. Russia is no, be-
loved TO h" In tn. market for funds at
present. On" banker who IL in close
touch with Russian affairs said he did
not know whether the So. 600. 600 So.
cured 10y that country through the sale
OF five year notes was exhausted or NOT.
hut that he was certain that the cars
Government had plenty Of funds here
and that Russia WaS maintaining trc-
m"ndutiS balances in banks.
There were numerous conferences of
bankers yesterday regarding the foreign
chang situation. Bankers outside Of
tn" so-called Morgan group are under
stood to have been TO attend
and more of a hustle was evident I'm
leading financial circles than for some
time.
sterling exchange rates were tirmcr
yesterday. and brokers moved less OF
"a disposition to make commitments for
the future. There was a feeling that.
should credits Ice established here foi
Great Britain. sterling would r.s. and
that they would bc forced To- cover at
a loss. Sterling closed at l.i"it Tor
demand and i7.'s for cables. Brokers
said that the supply of commercial bill,
fell on sharply.
Francs were also trmrr az s.%'i.
FOR checks and 5.31 for cables. Marks
closed nj $685. Tor sight drafts and
N3ia FOR cables. Italian lire advan, ID
to j.I2 and Austrian kronen were
stronger at l5.GO. Brokers say that
the Allies embargo on all shipping TO
Germany via neutral counties has
caused a sharp ris, in exchange on
such countries a. switzerland Denmark.
sweden and Norway.
L.dzdrd f'rer.- announced yesterday
that they had engaged $500, uU0 Ina
ottawa for shipment To New York. a"l
sS.6oo,oOo arrived yesterday at the SuD
Eco. M frapn tf.t TsI4. ks..
the total gold engaged and shipped into
this country since January | up To- $40
300, 600. Of this amount Canada has
contributed s2".3O0 600 China. $780,
600; Japan. $4,000, coo London. ST.
loo. oo' South America. 81. OOO. 900 AMI
Denmark, S300.no0 Against this must
he deducted S2.oOo.ooO in gold bars
Withdrawn 10y La2u'd Frcres FOR tina
ac cunt of the Bank of France.
The gold imports and cugac,ments
since the beginning OF the year are AZ
follows.
Jan 3-Interusiiona Banking Cor
pOratiou. from japan ...... $1,000
Jan. u-Royal Bank Canada. from
Jan li-Guaraniy Trust Company.
from ChinI ........ 800. 100000
Jan. t'-Guar,nty Trust, Company.
from London ........... a0h0
Jan. eo-Guaranty Trust Company,
from China -" -oc,.,
Jan. e0-lnteruatiuua BANKING Cor
poration from China ...... 80 e0
Jan @3-Orental banking firm, from
CHINA ................ i..i0W-
Feb s-vsriou- hrms from south
America .............. 1000 coo
Feb. i0-Lazsri Frcr--. from Ottawa .i0o~
Feb. lr-LaSard Frerc-. from Ottawa -.Igs0
Fob .6-Lazard Frrrc-. from Ottawa 3.-5Je 40
Feb. 20 international Banking Cor
p%oration, from Japan. ..... t.oc,cOo
Feb 96-Guaranty Trust Company
from Ottawa. .............. 1000
Mar i-Goldman. Sachs & Co. from
London .,.............. ~ 0lo
Mar i-Kidder. Peabody & Co. from
London .............. 900
Mar, 3-Iazard Frere-. from Ottawa IN. 90
Mar. 3 National City Bank, from
Mar ,-International Banking Cor.
poration. from japan ...... 10000
Mar international Banking Cor.
p~orftion, from Japan ..... 10000
Mar !3-Gusranty Trust Company,
from China ................. acleN
Mar. l3-Guaranty Trust Company.
from Ottawa ............. falsn
Mar. lj-Lazard Frercs, from OTTAWA 100000
London '.....,...-....... O.o)o
Mar Is-Internationa BANKING Cor.
poratiOn. from Japan ...... 10000
Mar. ie-Ladcnburg, Thalmann a
Co. from Ottawa. ... ba!UOD
Mar. la-Lazard Frcres. from ottawa 800. o0o
Mar. o-McchanI", and Metals Ma
iional Bank, from OTTAWA 5000
Mar :s-Mechanic- and Metals Ma
tional Bank, from OTTAWA. lt1"D
Mar. - lioIdelbach. Ickclhclnlcr 4
co. from Ottaws. ......... loco. os4
Mar. 2.-Ladcnbur., Thilmsnn
Co. from ottawa. ......... Jn.0G
Mar. % -Lazard Frcrcs. from OTTAWA $4,000
Mar. % Hrid"lhach, I"kclhcimcr 4
Co, from Ottawa ...,...... 10000
Mar. -3-Goldmau, Sachs A Co, from
Ottawa .............. I,0.Oa
Mar. aI-Lazard Frcres ............... ".5vD!a0
Total ~ f.a,'ssl
LoNpON, March 2I.-Anuthcr Cana
dian loan of S95. 900. 900 has been an