New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-03-09
|ioPIcsoF The 81: DAY 4!Yn
IN WALL STREET
wheat Higher, Though
Var" Farm Reserves Are
Still Large.
ENGLAND COUNTING
LON ON OTHER SUPPLIES
oaks Rediscouuting Accept
pos '..s<-New Directors for Mis-
.ouri Pacific on the Scene.

s0uIl oN'
- government crop report
..,,o TO the bull side expected
goo !, GOOD purchases for export, May
1.,t IN Chicago recovered yesterday
''''' .hor : cents OF its recent loss
r''s we" .. 81 49,. bushel. The ON
tes'X1e .,-os Of farm reserves amount
- NJ sr,v i5SOOO.000 bushels, more
]" 100000 bushels greater than
y. total remaining on farms on
e ! last year. Because OF Iho
Ali." ,ron produced this season, the
ga 80 of farm reserves, liz per
f''.'r ,ss 2.7 per cent below that OF
sa is,rSjv demanded few weeks back
~ Cou,,,r
s..ki,c o. wheat prices here, "The
sle.s's sseid a couple OF weeks ago,
So onera.ions o. the allied fleets
MVIs corstartinople had been be-
wv .sTSe real remedy IS TO open the
P--,s and the Dardanelles. When
s'p';;@ done. we shall get an i'm
~snse supply lIVih N''0~i -,
sa' -, Of the collapse OF specula-
.. n The United States" In add
". @Tbs S.atist' points out, large
s...ay shipments are 10 be expected
!~.-' srgs.tina, and India should be-
H.A. .11oTts early in May. The mon
~ 'A TEbieb is watched by those in
Nen, in the Indian wheat harvest
Mss'' wstch the snow blanket through
inter wheat belt, has been favor
DE this year
Denver Liable as Guarantor'
c-,e ratification was made to put
.. Western Pacific into receiver
,.iu following default on interest on
Z, Arst mortgage bonds, there has
~, some irresponsible gossip that
- i1denture provided chat no &C
-, tould be taken against the Denver
4 Rio Crande, which guaranteed the
'..sysst pavment. Il is explained,
ever ,,,,, that the Denver is clearly
I'M under the agreement, but that
q la been considered TO the better
;,.s-ss; OF the holders of the de
.,1i,s5 bonds not 20 embarrass the
rBssnteeing road unnecessarily. but
- obtain what they could through
,.lssse by the Denver Of claims
srslnsi its subsidiary.
Investing in Acceptances.
When the national banks make pub
A, their condition as Of March 4, IN
accordance with the order Of the Con-
roller Of the Currency. issued yes
,s-isy. il is believed that a larger
lg,.sess in acceptances will be re-
| oslad. Since this class OF bills, based
q, he import or export Of goods, NAV
70 readily hQuidated at the Federal
gss,rve banks, they have come 20 be
| hyorably regarded as q reserve. and
he demand is largely in excess Of
he supply They are favored at
present. over call money, because Of
he higher interest yield The rates
t..,se yesterday were 2l2 per cent for
aGv-tsy bills, pa per cent for sixty
GAYS and ~ per cent for the longer
u periods That the rediscOunt feature
0! tae reserve act is being utilized TO
greater extent on bills Of this char
sca was indicated IN the statement
Issued by the local regional institu-
ton last Saturday. Over 20 per cent
d the $l.315.-l3 increase in discounts
tri loans We attributed TO the redis-
Hgltlng Of bankers acceptances.
Foreign Exchange Market Dull.
The foreign exchange market yes
sItay revealed little Of the excite
nelt that prevailed a few days ago,
Shen talk Of the establishment of
IIga credits here by Europe was at
Fs height. There appeared a willing
eSs among bankers TO extend ninety
pay credits 10 ease the situation
mould II become necessary. The In
enstlonal Banking Corporation re-
elyed from San Francisco 100000
Fold from the Far East, part of the
management announced last week. This
Institution still has S1,350,OO0 in
ianst from the same source.
Moving on Mo. p.
~ with enough proxies in the pos
y SESSION OF the Kuhn-Loeb committee
apparently assure the election of
IS selected list Of directors to the
Mlssoir Pacific board at the annual
~ S@etuhg N St. Louis to-day, Wall
IH go ieN certain yesterday that
O'Ogs Gould could not repeat his
ss.p o. 'hree years ago, when he de-
Il 800 'Ae efforts Of the William Street
...Ae'S 70 force him and his asso-
az rom control. But to see that
81 ~ eleventh hour hitch occurs, as was
.e case at the previous memorable
ii s ...' meeting, members of the COM
r ~,.te WI be on the ground. In the
- - VDa' lett here Sunday afternoon
y p Utio H. Kahn, Alexander j..
c,'-,yAA., Edgar l.. Marston, Edwin
t",.@ tsfIi.l, W. II. Williams, r. Lam
~ Williams, Finley j. Shepard,
pa, pa, S T. Brady, G. Minot Weld and
n. HyrS'aIh. With the exception Of
S...hahn and Mr. Cravath. these
gs -- s ar, are slated TO fill places on
VA new .l missouri Pacific board, and
W. 'heiT hrst meeting in ST. Louis.
Slnews of War for Germany.
~, -i'hases Of Germany's new ten
NJ per cent war bonds in this city
Cow. Jt'"vAing some proportions, al
r r'-sa no public Offering has been
s, mere, Il is understood. how
4 isy.' INA. mat two local banking houses
d, ,l prepared circulars on the issue
% u I:Iste distribution. In addition
p,' ~' appeal that the loan makes to
g,s VINO from racial sympathies de-
| 4 So. - heip Germany. the investment
e,,,'!"7 seems attractive should il be
-. 80. 'ha' the bonds will be met at
1 co,S,;ey I'd ume Of normal exchange
@55 ions The issue is put out ST
MI sho al present Berlin checks
to- a. under SO, where, in ordinary
Nd here " ''S means Import Of