The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-27
BOND SUBSCRIPTIONS
IN NEW YORK GAIN
Full Amount Reported to Be
More Than Best Previous
Estimates.
FIGURES ARE WITHHELD
S623,000,374 Of Second Dis
trict's First Payment Re-
ccived by Banks.
FIGURES ARE WITHHELD

. SUBSCRIPTIONS TO the Fouttn Liberty
Loan In the Second Federal Reserve dis.
trict were footed up for the first time
yesterday and forwarded TO Washington
according TO report current in the
financial district. The announcement o,
the exact total awaits the pleasure OF
the Treasury Department. but It was
learned that the subscriptions in the
New York district exceeded the est.
mates made at the close OF the campaign
by a wide margin.
This districts quota was $500 900.
600, and fully ont-third OF this huge az.
gregate had been paid into the banks BY
the beginning OF business yesterday
This represented not only the required
initial payment OF 10 per cent OF the
subscription, but a large volume OF com.
plete payments for the new bonds. An
analysis OF the bank statements ISSUED
by the Federal Reserve Bank and the
Clearing House banks discloses the fact
that no less than s62S,o00,574 has
reached the banks in one form or an.
other in partial or full payment OF the
new issue.
The following are the changes In the
statements, which indicate a payment OF
more than $500. 100000 An increase Of
$s7.9S3,O0 in Clearing House member
bank reserve with the Federal Reserve
Bank: an increase OF $27s.S34.0O0 In
Government deposits with local Clearing
House banks; a repayment to the Fed.
eral Reserve Bank Of S70.SS4.S77 redis-
counts on account Of United States obi
cations: a turnover to the Federal Re-
serve Bank of s1s2,9s6.750 certificates
Of Indebtedness. which the banks sub
scribed for last June in advance OF the
Liberty Loan: a total OF S630,63s,6c7
Offset by a renewed borrowing Of $685..
253 on account of commercial parer
This makes a net payment of S623. 600.
374.
The figures given do not include the
total payment by banks in this dis
trict located outside OF New York city.
It was estimated yesterday chat when
the returns are all in the initial pay
ment in the local district will be close to
$3.50 900, 900, leaving only about $1,l0t.-
100000 for future payments.
Renewed interest In the date for mi
tial trading in bonds OF the Fourth
Liberty Loan came yesterday with the
announcement by j. Frank Howell, presl-
dent of the Consolidated Stock Ex-
change, that he had been notified by
the Government that trading in the
bonds OF the Fourth Loan would be de.
ferred probably until Monday,1Noyemher
4 The Government requested that no
quotations thereon be made until tina.
date. The positive date for trading, Il
was announced. would be made known
later
One hundred per cent. OF the oI79S
employees of the New York Central both
cast and west of Buffalo. excluding tran,
sient labor, subscribed for 9.T/O 100 ~
the Fourth Liberty Loan bonds, the av-
erage individual subscription having
been s106.4s. A large number Of en-
ployees on the same system subscribed
for $6,152,715 OF the Third Loan Sf
per cent. OF the total making average
individual subscriptions OF s74o2
Reports to A. II. Smith, regional A.
rector for the eastern region, show that
ST. per cent. OF the employees Of tho
forty-five railroads In that region sub
scribed TO the Fourth Loan. taking n total
OF S4s, oI,65o. Average OF individual sub
scriptions was $1,000. Ten Of the roads
in this region reported 100 per cent. OF
their employees as subscribers
- Subscriptions by Cuba to the loan eN-
ceeded all expectations, and according 70
cablegram received yesterday ~
James Sheldon, chairman OF the Liberty
Loan Committee. will exceed $4,000, 900.
The island sent a voluntary quota NJ
$4,000, 900 for itself. so that IL has sub.
scribed to date more than l60 per cen,
of Its quota.
The Virgin Islands show their patriot
ism for their new country by subscribing
ss6,25o, according to a cAblegram re-.
ceived yesterday by James II Oliver,
Governor OF the islands.
Prominent among the late subscrip-
tons which have just been compiled and
announced unofficially yesterday Is ora
Of 100000 by the Banca Espano! ~
Havana. The Passaic. Cotton Mills a.
ditional subscription of s55o.o0o IL an
nounced, and 100000 each for tho e.
tate of H. II. Rogers and the Banca
ltaliana di Sconto.