davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Americans Form
Marine Risks Go.
TO Help Trade
b. V. II. Thayer Heads Enter
prise Which Plans TO
supplan' Germany in
aIic Insurance 4 lie d

On all-.Amarican marine insurance
company, sponsored by leading bank
.ag, insurance, slipping and industrial
interests, vii! beri business in this city
carly IN }anu&ry under the name OF
the Bankers and Shipping. Insurance
Company. VIII. otliccs 1T 3 South Viii
inn Street. The company has been in
corporated in this state with u capital
Of #',c0o,001 and paid-in surplus Of
$l50o,0o0
Ine principal subscribers 70 The cap
it&l stoci1 are the Chase Securities
Company, The Guaranty Trust Com
pan5, the Bankers Trust Company, the
Mercantile TITS. and Deposit Company,
ca Iont interests. WILCOX, Pcck g
Hug has, marine underwriters, and
Barber Z Co., steamship agents.
Ols@n.zers Of the company said yes
terday that i was the purpose of the
NeW enterprise to cooperate IN the
plans CT bankers, industrial leaders
an<. the government to extend the for
cign trade operations Of American
busi7ess interests. The expected in
creasc IN the country's merchant
marine, i was pointed ont, would re-
4Ulre vast amount Of insurance to be
written, and it is hoped that much Of
this business will 60 to the pro ected
strictly American organization. Be
torc the var the marine insurance bust
css Of this country was handled
principally by German and British com
Tanies.
At an organization meeting scheduled
for to-day i. is expected that the Of
hcal roster Of the now company viii
be announced as follows: Chairman
OF the board, e. V. 4. Thaver, president
Of the Chase National Bank; PRESIDENT
William G.. Willcox, IF Wilcox, PECK &.
Hughes; vice pres jdents. James Bar
ber, OF Barber & Co.. and Harold Stan
iey, vice. president OF the Guaranty
Trust Company; secretary, Robert Van
lderstina.
With the exception Of Mr.. Van Ider-
slime al the officers are directors Tfs
board. in addition, Includes John A
Spoor, Of Chicago; Oswald Kirs5y, Of
Wilcox. Peck & Hughes; Oaklcv Wood.
o. Barber Co.; John J. Watson, IT,
president Of the international Agricul.-
urssl Corporation: Howard Ba.ue, vice
president o. the Columbia Trust Com
rany: j. J. Eashob, roprcsenting tie
du Pont interests: Steward Prosser.
pEeS!u q nc bankers Trust Com
rany; Charles f. Peck. o. Wilcox,
Peck & hughes; Charles H. Sabin.
president f thc Guaranty Trust Com
pany; Ihellis 4. Austin. president 81
the Mercantile Trust ana Deposit Com
paHy, ard Edward J. Barber OF Barber
& Co.
The Bankers and Shipping Insurance
Company will begin operations a.
about The same time that the govern J..
ilent VIII abandon tns marine insur-
"Ncc iielA. An order Withdrawing all
rates OF premium fled Tor insurance b.
the marine aAd scainan's d;vi o.7 OF the
War RisA Insurance Bureau was Is
sNad Yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
and Com mn cree

similar aid IN This county also stable,
together via. Tao needs Of American
industry, it was likely can't oxtraordi~
nary conditions in tne credit lnarhct
would persist at LEASE for several
months.
Operations III the money n!n1Het were
conducted On an exceedingly large
scale yasfcruay, anu the 500, 100000
money pool which WAS established to
work W!ti The money committee on
Octohn. :, taiT, found II necessary to
lead between $20000,0op AID 30'00o,-
OGo reatcrda.. The ruling rates tor
cal sarncv ~e.c 4 end or per cent,
colnp.scG with 81 p2-' cent Il few Gays
ago. .lany II tAe opt-ot-tyWn banns
wnieA f1r r.Untns rave beer lending
freely n t..s market yesterday called
ioANs.
Besides tie large volure O. trading
il, the stoc.: market preparation for an
Nual settlements made large inro@ts Oh
80 resources oil the uioneJ narte..
loan Accounts Held Dowii
4: announcing that the Treasury mad
responded to It's inquiry or TO the de
ere OF thr Secretary OF the Treasury
regarding IN extension 81 the present
N~rnn gc1N"at9, The money committee il
Z statement to thc press said: "Actins
in accor..&.lce With tie expressed wish
81 the Tleas vy., tire aub-co.a.littee or
nlorny has arranged Win the banks To-
contin.c TIE present arrangement ana
h4l arrAnrad VIA the :.l;thor .iea o.
tsc Stoc,, Dxcnsngc tnat tacy snail
continue 70 exercise control 10 prevent
e,nnnsioA Il TIC cGGregAte loan ac-
CONT
V.,e e.;ist.aa restriction provides That
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
B. r.. T. Officials Seek
Aid FROM Bankers
Traction Company Has Interest
Obligations of $4,000, 1000
10 Meet

brooklyn Rapid Transit directors
and officials held all-day conferences
wish The company's bankers yesterday
on he prob!cIn OF meeting approai-
matuly S2,ooo,00o OF interest oblien-
lions that mature january without
me necessity of reccivcrshin. 1t is
understood thai the management is
without funds in It's treasury TO meet
taoSe Garages.
The largest hras q the year pay
NeEt is tia. due OF lie rilrce-vcs-
ger ccMJ notes which were cxshnr,~ad
ias5 Jais- 10. an issue al 53.T7G5oQ0 :,
nef cor, notes tnas ratu1cl a., 5vl1
1 noe yAo conversion Y!aa, H.. w.
f:'.':ac" Corporation asrevs. 10 adv.a..,
90 p'l' cont g the :4Yuonn. QUO n 1.styr,
-"- 5Ac rev Notos, provided chsy H.
'otchciders consented to the cxtor.s;c--,
az their remaining holdings. The 80
}ended notes closed at 81 yesser,,av o.,
the Stock Exchange q decline Of tbrss
points from the high price o. t,,e
session. ~
4. Z. T:stce., was also veal. dar1;,
NJ 10 &J1s, = net loss OF IL ro;,,%q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Sinclair Activity Continued

Unusual activity in Sincl&ir Oil and
refining Company continued on the
Stock Exchange yesterday within a
narrow range prices. Approximately
100000 shares have changed hands
within the past three trading days be-
tween low Of 81 and 33 y. The quick
ness with which the stock has re-
rounded when The selling pressure was
lessened led 10 reports yesterday THAI
The individual members OF the old Sin
clair syndicate had bought back the
stock sold by the syndicate itself TO
establish losses in anticpatioH OF The
t91S income la payments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

The friends and students Of gov
eminent operation of the railways
have much to ponder over in the
October returns. They do not diff
fer substantially from The results
IL September or in August, There
was apparently q small gain in
traffic. as in September, and this
with the blanket increase in rates
lifted the revenues some $107, 600
900, or little under 80 per cent
But expenses increased by $123,-
100000, so that in spite Of the
heavy increase in rates, the net in
come showed an appreciate de
cline. This was not due alone ts
the very heavy increase in mainte
nance. The cost Of transportation
also rose nearly 80 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

The January corn option III Chi
caeo sold yesterday at S1.45 a
bushel. That is something like av-
erage parity with the governments
fixed price Of s2.26 for wheat.
There is no guarantee of the corn
price. There is likewise no quay
antee on cotton. and cotton is now
selling at nearly 90 per cent above
Nhat may be called the normal
parity with corn and wheat. And
this latter is With the second larg-
est foreign consumer of cotton out
Of the market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Record Bond
Sale IN, Million,
Share Market
Selling TO Register Losses
for Tax mcnt 8
Makes Prices Sag
Treasury Asks Bankers ~
Continue TO Hold Down
The Call Money Rates

Necord trading III bonds and = tuln-
>ror IN stocks in excess Of u million
shares combined TO make yesterday 5
session ~ the New York Stock g.
change the most active since early NO
Tcmber, when tho markets boiled over
On the news OF tho signing OF the
arinist.e4. Dealings in istcd bonds
segregated q pay value u S44 ,499 900,
me greatest sotal e9er traded in on the
exchange IN q single day, Of wl,ich $751;
o6roV0 represented transactions or
l.'bo.ty Loan bonds. Stoc.; t,ansec-
tlons amounted to l.l83,700 shares.
After he clcao OF The marleC the
unnAcra' .loaoy Committee issued Il
tatemc:e announcing that az = result
If request I-ou the Treasury at
Washington i nd boon decided 70
continue the present gys;ora Of money
market coa.rol in order to keep money
rates stable ana to Dre1ot undue spec
citation in securities.
all Street. accounted in large part
iotf the extraordinary expansion in &C
tNity IL the various departments CT
tAe SECURITIES market by the fact that
1t vas tHc Las dcy IL which owners
o. socks and bonds could sell their
ANiGiN&s III order 80 register losses fov
nurpoaes OF record in making up they
iHlS tax ssatemoNta. Selling OF this
cAar"cteN has Been a important fac5os.
IN tAc market Tor severa, weeks. coz
poraIons as Well as individuals liuui-
H''tlNG tnclr securities ,nr TINS pun
toSc. Yesterday vas the aat Gay this
Co"Id Dc done for II" reason that, al-
though to-day is the last trading ses-
son OF the ycar. Transactions made II
me exchange viii rot be settled for
"nll1 after the New Year holiday.
Vet Declines Frequent
he dsN's 'ncvemen. Of prices in the
s'och market was highly confusing,
somc issues advancing and others de-
cllNiar. The majority os stocks, how
eYcr, ended tie day wish suba tantial
K cessions running in some eases to q
rolnt or moro. Certain OF the repre-
sentative railroad shares declined
sharply. on heavy offerings, while in the
industrial group steel snd metal stocks
were under pressure.
as q result Of tic extraordinary out
pourins of Liberty Loan bonds the
fourth Gas, the last issue tioated. de-
g time at "a, this price representing .
decline OF q half point from TIE open
ing price. subsequently the bonds
rallied partially, closing at 94.2O. The
third a. 8 held fairly steady through
cut the day and closed slightly higher
at $3.50. The second 4+.s opened at
va and held strong. closing at 9l.3O.
l he 3,2s. while not so active as the
ether issues. displayed strength and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Ifrni.

Alabama Power Company First 90
Gold Notes,
Albert Lea. MINI, Permanent improve
mcnt VIZ.
Albert Lea. MINI, Refundiag Is.
Albuquerque, n. Mex, BID. Of Educ.
School Bldg. 4I/zs.
albuquerque. n. Mex, Funding IS.
Albuquerque, n. Mex, General Street
Imp. S..
ing IS.
Belx,dsre, illinois, School District No.
Benton, ILL.,. Refundins 4l4s.
pcrryviIe, Va, Water Works 30.
Big Rapids, Mich. Refundlns As.
Billings, Montana. School District
No. Z 4L2s.
Billings, Mont, City Hal 4Izs.
Boulder, Cello, Water Works. 4Izo.
Bozcman, Mont, Funding IS.
Rroadwa,er County, Mon, Funding IS.
Burlington, Iowa.
Carbondale, ILL.,. School District
Ne. IS IS.
Cascade County, Mont, Court House
Cascade County. Mont, 3Izs.
Cascade County, Mont, Funding H.
Cascade County. Mont, Ref. 81.
Cass County, Iowa. 4I2s.
Ccntcrville. Iowa, Refunding IS.
Centerville, Iowa. Rcfunding r..
Charlton, lowe, Funding IS and Bonds
Chicago He:gh,e, Ill.,, 5. D. No. 40.
Clifton Forge, Va. Bridge Ia.
Chippewa Val, Ry., 1t. {, r. Co., Eau
Clare, Wis. Let M.se. s..
Colo. Spss.. Colo., School D:s,. No. II
Refund. IS, Fl Paso County.
Consumers Power Co. lst Lien & Re
funding Gold IS.
Consumers Power Company &C. Geld
Notes
Cook COUNTY, H., School DIST. No. g
Morton Park) 4I5s
Cock County. H.. School DIST. 70. TO
Chicago His) Is.
Council Bluffs. L., Independent School
cu '1},.rt' c. e r. Electric Ligb, IS.
Dsnvil!~ s.. TIv. 3, 1t. Co., Danville, H.,
Ref Al,ge IS.
0enison & Sherman (Texa:) r.. CO. Is
Alsge Gold IS.
Der.y II. H.. Watcr 3iss.
De- Moines City r.. CO. General E: Re
funding s.
p~,les. 10. School DIST seAoal Build
! DicA=y Coun,y, n. D., ~.
Edison Glee. Co. New Otlt.ns, La. st
Mtg. s..
rrnineaac. KY. $; Stree, Improvement.
Eueene. Oregon. solool Disl Ne. ::
(Lane County, 8.
Florence. S. c.. Sewer IS.
Ford County, ILL.,, s. D., NO. IS S.
Fori Docae Iowa, ". " Z 5s.
Freepor' Water County H.. IS.
callatin County. Mont. Hish School
Building 1s.
Gala:in County, Mon, Ref l..
.'cnesee, idaho, Water Works S.
l'eneaee Township, H., High School Dis
.I.ci 4 g.
S's e H.. Improvement = $ and
granite Ctan, Schnol Dist. 4 Z.
Glenwood. Iowa. Funding 3.
Corham. N H.. Wa:e- K.
Great Falls. Mont. Sew s..
Green Esv, VS.. Refundng 4.
Gree Bsv, Wis. Sewer Is.
Greenv'lie: H., Reiundinp IS and Bonds.
Hsnblen County, Tenn. Highway s..
hickman County, Tenn
fli'l County, Mont, Funding s..
thll County, Mont Court Houss &
Jail IS.
Helene, Montana, "Judgmen. Funding"
IS
Hudson, Iowa. Consolidated S. D. s..
Humphrey County, Tenn, Road &
Bridge -.
Huntington. ". Va, IS.
fayetteville, Md. Sewerage s..
ABOVE COUPONS
Harris, FORBES {. Co..
Harris rus, {, Saving.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Coupons Maturing January l. 1919, Payable at the Offices Of
Harris, Forbes & Co
Pine Street, Corner William, New York

First Continued.>
ln,erurban Ry Co. Debenturc DE-.
Molnes, la.) Cs.
Idaho Falls, Idaho, s..
Iowa Falls Ia, Refundng "A.
Joliet. H.. High School.
Knoxville, Iowa, Judgment Funding ~.
Knoxville. Tenn. Street Improvement !,
Kossuh County, la. Bnidpe 4l5s.
La Sale, ILL.,, S. D. No. ,lzs.
Lincoln County, Mont, g. 5l5s.
Lincoln Tel. g. Tel. Co. lst Mtze. S.
Manson, Ia, Refunding IS.
Marion. H.. and Bonds.
Marion County. Iowa.
Msrshalitown, la. Rcfuno.aa Is.
Monmouth, Ill.,. Water Works IS.
Montreal f.amways Co. lst & Ref. s..
Morris,own, Tenn, Water Works In.
provcment 81.
Mount AIRY. N. c, Wafer Supply. Ell. l..
& Pr. Plant IS.
Moweaqaa. H., School Bldg.
Nrscatine,~ r., Ind. s. D. W..
NusAcgon' Siic'.r zen Street Improve
rscrs 4.
Muskegon. s'ioi,.. R4funding 41s..
Muskdgon, Mich, Refunding s..
Nuskegon, Mich. Lake Michigan Ws,c.
Works IS.
New Orleans. La. 4I2s.
Norman County. MINI. District No. 81
T/s.
Oklahoma Ry. Frs, Mlge. s.
Olympic, Wash, Water WORKS s..
Owosso, Mich, Water Works s..
Pendleton' Oregon. Water Work,
Q9I3) IS.
Pendieion. Oregon. Water Work.
(9l4 &c.
Pierson. Iowa, School DISTINCT s..
Plum Bayou. AK. Lcv9e District e..
Pontiac Township, H.. 5. D. Hiah
School Bldg.
Portland Gen. Elec. Co. Portland, Ore.
lat Mtse Gold IS.
Redwood Falls. MINI, Refundne IS.
Riverside H.. School District No. 5
Riverside. Ill.,. Water Work. 4l,s.
Rosebud Count Mont, Bridge as.
St. Joseph, Mich. Sndec Als
Scranton e. Co. Scranton, Pa, IS; &
Rel Altge Gold IS.
Sedal'a, No. School Dist. School Build.
ing s.
Sheridan COUNT. .,ant, Funding 5L3s.
Sousae.a Cal I'd. CO. Refunding s..
Soe,hern Cal. Ed. CO. General & Re-
funding Nllge c..
spasianburg Couaty, 6. C.. County Re.
finding II s.
Sumter. 5. C.. Sewerage S.
Tacoma Eastern K. R c.. CWash.)
lst }iig-. Gold S.
Taylor HE H.. Yep HEN School Dis
IAoras ..r. Ia. Cons. lad. S. D. ~.
Texas Elec. Co. Is. & Re. s..
liPtcn County. Tern, School $.
Iullalonla, Tenn, Elec. Light Us.
Iulahoma, Tenn, Water 6, Light s..
luliahoma, Tenn. Water Works ~.
Union League Club 6.
Valley COUNTY. Mont. q =.
Nsidcn. y G., Water & Sever IS.
West Hoooken. y J.. School = IS.
West IIobokea =. l., Funding $.
White Pla.as. \. y, School Dist. Ne.
5I7s.
Whit. County, Tenn.
NinneIka. H.. Park District IS.
\. NJ. {. A. College Isl Ntse. is and
Bonds.
Armour. s D. Ind S. D. School Bldg. S.
Florence, COL, Water Work, Refund
ing IS.
Garrard County. Ky, Turnpike Road Is
Lewis,o.sn, Mont. Water Is ard
Bonds.
Temple. Texas. Public Ind. Sch. se.
No. I IS.
Jackson, Men. Paving, Water &
Mount Pleasant. Mich, later Refund.
ing 4Lz..
sedaIis, Mo. School Distde, Funding IS.
ALSO PAYABLE AT
ina.. Boston. Mass. and
Ba1,; Chicago. Illinois
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Plan Brass Export Association

Tic principle Of coordination 9og
foreign Grade which is permitted under
tl.e Woob ?oniereno acs IS leading 10
discussions in the copper products and
brass fields, and, although 10 associa-
ton has yet been formed, an organize
ton IS likely 10 spring W, OF the pat
tern Of the Copper Export Corporation
Inc, which represents TIE coprer sell
ing agencies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
The Dollar in Foreign Exchange

Dealings IN lEa local lorcign e.
change market yesterday ware com
p&ratlTely small II volume and changes
N ratcS we're narrow. offerings OF
swiss francs we're somewhat large
resulting IN It sight decline in the
rate. Rates on Paris ard London were
steady.
Closing rates yesterday, compared
with q week age, follow:
Quoted dollars 10 the pound)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

The last hours Of trading showed
new low record in The price OF
Fourth Liberty Loan / Ids. This
also established y relative new low
Tor al Liberty bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Adopt New Contract Form
Steel Trade Expected to lse,scns
From Change

Iha committee On con5.x.ce o55.sa.
lions q tie american iron and s+ae,
INSTITUTE according 70 ~ ai:lcunas.
menG yesterday, Las completed .,s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

The October results. coming on
top Of the disappointing returns
from the two preceding months,
pretty effectively dispose of the
hope that the increase of rates
would make up the deficit, under
the governments guarantee, which
piled up in the earlier part Of the
year. For the ten months of gov
ernment operations, the net railway
operating income declined 1924.
100000, on on increase in revenues
Of nearly 100000, 1000. The larger
Part of this decrease was caused by
the enormous increase in wages,
which, it is now predicted. will run
almost twice as much as was orig
inally estimated.
The Railway Administration S
new system of traffic reports show
q decline in tonnage in the last two
weeks Of November of about 10 per
cnrfE
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

&c saatgeat recovc1ios N Li5er-
Ian Quotations have come Just
preceding & new loan campaign.
.ia st<v ~l.4 probably 49, CHI
...,..n r SUI th4ec months O. more
;.s.ar What has ciiefy puzzled
prospective purchasers is the cx-
tent to which lie present selling
has been due to tax lodging needs.
The idea is that many individuals
ana some corporations reduce their
income taxes by the considerable
loss on their subscriptions if the
bonds were sold at present prices.
1t is not a very crcditable theory,
and it is evident that if it We're III
dUlged in to any considerable ex-
tent. it would tend to defeat itself.
That is to say, the price would tend
30 TALL to such a point that the net
less incurred by the sellers, over
the reduction gained in the income
tax, would be larger than was COM
Portable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Relevant Comment
Oil Shares Strong

Strength of the oil shares was an
outstanding feature u a broad mar~et
OF the curb yesterday. Several Of she
Standard Gil issues ADVANCED sharply
end brokers complained Of scarcity OF
atocls at times. Standard os New Jer-
sey sold as high az ZOO. an advance OF
35 points from Saturdays closing
fienre. Prairie Oh and Gas jumped from
go to 045. i. the ovogthc-counter
ma'et transactions in Texas and Pacific
Coal ana Oh stocl. were reported al
1925. 81 advance of'125 points. AZ the
Sock Exchange Texas Company. selling
ex dividend, moved from 11oh to 49,
end closed "a points up. The strength
CT the oil group was associated wish q
report that the Irancontinental Petro-
leum Company, 4 subsidiary Of the
Carter Oh Company, the operating end
Of the Standard Of New Jersey in MeX
leo, had brought in $4,000 barrel we'll.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
Italian Lire Dealings

Since The Italian Institute Of ES-
change was organized in June for the
purpose OF stabilizing the value Of lire
in this market, it has sold approx
mately 44O,O0o.00O lire or about Ss5.
100000. The bulk Of this exchange has
been purchased, according to Director
Gidoni Who has charge Of the local Of
fee Of the institute, by Italians in this
country for the purpose Of making re-
mittance TO Their relatives back home.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

Nominal.
Below is given The current exchange
value OF foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated b. the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31
NalI money:
On mixed collateral {
On industrial c'Itl Ga

I0InMorvial PNrer.-Uass VapoN IS
heinG offered IN the LEGAL market. bus
ness is being transacted on a discount
basis OF 81. to 81. per cens.
Commercial Paper Conditions IN
jhis market We're unchanged ct The be
ginning Of the neW week. The most nj
tractiYe paper is moving or a 5sl poc
cent cisede.e basis for the longer ma
c-,-il!a..
Discount is;.tss-,lhc tolioNins table
gives the current rates OF the twelve
toacra! Reserve banks on commercial
'.Tcr .oc I'll periods up TO ninety day:
N..i.N i days,
lnciusin.
her ta1,e' CO..,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

Some solia brokerage houses have
beeN recommending the purchase OF
Liberty bonds at the present levels
simply Us q speculation. The evil
CT this, If evil there hes lies simply
il the ind;ssoluble belief Of every
security holder. and many others,
that a fall in prices is the result O.
some kind CT Wall Street Machine
SONS. Vet nothing would 80 fur
tier 20 give q healthy stability to
Li3ev,y bond Qgc.elions than the
presence of iust sacA . speculative
iugerss. II The slsrg Of the day.
t.e Liberty bonds We're sold 10 .
finish. For invcs.ma purposes,
there IS. ami probably for some
ti''e will he. .elatiNaiy Little do-
mald. On the otaer hand, IL
suay he considerable selling by
varlous parties. by, corporations
Which subscribed very heavily anl!
1-jsh now to liquefy their funds, on
week holders ana ot-crs. sNsc@ of
tie successive issues has undsrEono
some slump in the quotations, bu.
eeeA time there has been . SUB
: a,antial recovery. IN the case cf
-ao second loan, lor example,. tae
-ecovery from the extreme low
mounted 70 nearly five poinj2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

Exchanges. Balances.
New York ,...S485,466,717 $9e,608.752
Baltimore $500. 12,298,260 5.337,7t3
Boston ........ 25o,6l3,438 12,O7t,57i
Chicago ~ 91.972,406 o,A4S, 1Ao
philadelphia.. 05.737.137 t6,c44,82o
Sub-Treasury. The Sub Treasury
gained $121,Ooo from the banks on Sat
Urday
silver.-London,- 48isd., unchanged;
New York, f01j &c, unchanged; NeXicaM
dollars, 771sc, unchanged.
Bank Higher rates for
call money has resulted in a lcas active
demand for bank acceptancee Rates
yesterday were unchanged, as follows:
Thirty Sixty Ninety
spot de- days. days. days
livery: Per ccnt.Per centPcr cent
Eligible
member
banks 4A@4 4sa49s a. @4M,
E eligible
non-mem
Der banhs.4}4@41g 4s5@-t94 $685.
Ineligible
bank biNs.5la@5 5lsQs5 seas
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

Yesterday. Year ago.
Per cent. Tor cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-31

3Drsls, Folocs & Co.,
Harris Ircs, {, Saving.