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Show STERLING COMES j TO FULL lil MARKET Shipment of Gold and Securities Se-curities From England Fails to Stop It. f CENSORS ARE BLAMED Claim Is Made That They Keep British in Ignorance Ignor-ance of Facts. NEW YORK. Sept. 7. In the face of many apparent reasons for assuming assum-ing a stronger tone, the foreign exchange ex-change weakened today and sterling went down 4 cents from Saturday's close to $4.63. Large offerings of bills were said to be the cause of the drop. The market had apparently discounted discount-ed to then the latest importation of gold from England, for instead of advancing, advanc-ing, the rate on sterling declined. Even the news that the shipment was almost twice as large as expected failed to check the slump. Another cause for strength, which was responded to only by weakness, was the helief that a remedy was near at hand, a? only a few days, at most, will elapse before the arrival here of the Anglo-French commission. i Although no one in authority was willing to father the statement, it was known that local bankers would look with disapproval upon steady shipments here from England of gold in large quantities. This view is concurred m by many out-of-town bankers, whose support is counted upon here in lending Great Britain and France the money with which to pay for their enormous purchases of suppliofe in these markets. Censors Are Active. Instead of turning to gold everything 8 hipped abroad, bankers here would much prefer to lend their foreign customers cus-tomers the money to pay for their purchases, pur-chases, securing the loan by prime American collateral. What Great Britain wants to do in this respect maj be exactly the reverse of this, so far as local financiers profess to know. Largely because of the activities of the British censor, it was said tonight, the Anglo-French commission will reach New York almost in ignorance of the situation here. Local bankers have found it next to impossible to advise financiers abroad of the plight of foreign for-eign moneys in this market. The censorship cen-sorship on cables has built a wall about Great Britain, it was said, through which the truth has been unable to penetrate so far as the foreign exchange situation is concerned. One thing which London bankers apparently ap-parently have not learned is that the L'nited'States oes not want their gold. This will he one of the first things, it was said, with which the commission I will be made acquainted when it reache? New York. When this will be is problematical, prob-lematical, the censor having held up all the news as to their departure except that thev have actually left, and the personnel of the delegation but it was generally thought tonight that they were not more than forty-eight hours awav. |