Show SECURITIES MAYBE MAY MAYDE DE BE THROWN AT US Limit About Reached Reach d in the th Importation of Gold From the Old World CROPS MOVING TO MARKET SOME SIGNS OF ANXIETY AP APPARENT APPARENT APPARENT PARENT ABROAD AB OAD New York Nov No 10 The progress of last Jast week was WM a steady Improvement in financial conditions in New York which was as reflected in strong closing quotations in the stock market When the crisis arrived in New York Amer American American Amerlean ican lean obligations to foreign lenders Jenders were at a an unusual the London and Paris money mon y markets having been exercising severe discrimination against American borrowers for r r several months past This policy was prompt prompted I ed cd by b the recollection of the troubles precipitated on foreign money markets last fall faU by heavy American borrow borrowings borrowIngs ings attributed by b foreign critics to speculative operations in American and which whit gold shipments to New NewYork NewYork NewYork York at the th time of the autumnal strain in London and Parts t This year foreign lenders have hesitated to make even the usual advances in anticipation tion of the export of our merchandise and the consequence is that there are few maturing obligations of American borrowers now falling due to offset the debit accruing for the payment for commodities we are exporting Foreign Crops Short The shortage of foreign crops and the low Jow level to which copper supplies in Europe had been allowed to fall faU leave no alternative to the buying of our commodities and the low how level of ot our securities tempted investment pur purchases purchases purchases chases of these also for foreign ac account account account count American bankers who have purchased bills blUs of exchange against these exports export have their choice of ot commanding payment in gold and have exercised the choice But with the en engagements engagements engagements of gold already accrued now rising above and the th effect of relaxation manifest from the th supplies already received New York bankers are beginning to canvass the desirability of more lenient exercise e of ot their control over the gold supplies The perturbation of foreign markets Is keenly manifested and signs are seen of ot a disposition to meet American ex cx exactions exactions actions by hy free offerings of American securities te to the New York market renex action American affair that d at may result from pushing demands for more gold is coming Into growing consideration Demand for Currency I Interior requirements for currency have continued heavy hen and every re resource resource resource source has been sought to meet them and to assist thus in the movement of crops and the keeping open of the currents of commercial activity vital as these processes are to the working out of the time situation and the facilitating facilitatIng facilitating ing of liquidation The success to be obtained in this now commands the almost undivided attention of ot the financial world The contraction n of credit must work some hardship and did damage but the hope Is maintained that this may be limited and conditions placed early on the road to Increased number and liabilities of failures fall faU In prices of commodities and reduction of forces of ot labor Jabor there also aJo have hae been The rec tee record record ord of failures thus far and the fall faU n prices of commodities find explanation in overextension in new enterprises and a price inflation due in some e cases to withholding of stocks which must now come to market at a disadvantage disadvantage disadvantage tage |