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Show Financial Supremacy at Stake J Center May Shift to New York j U. S. Bankers Plan to Expand By Richard Spillane ; Editor of Commarca and Finanea and Spacial Writar for Tha Talagram, Aiaignad to Humanixa and Vitalizt'tha Topic of Economic -ij , and Raconatruction. J (CoM-rliihl. 131 8. ).y the NYwmmwr Krilrrnnar Amoclatlon. : A 1 A gathering of the members of the council of foreign rela- j r tions in the Metropolitan ciub the other day an eminent 4 Englishman made an elaborate address in which he showed how i the' financial cent.-r of the world had passed from London to New Yorlu A prominent American financier finan-cier replied" and insisted that, so far as the financing of exports and imports of the world are concerned. London still is supreme, and nnlv in so far ns loaas made by the I'mted Slates to the allica are concerned haa the financial finan-cial center been shifted to New YoiK. Financial primacy will go to the nation na-tion that shows Itself bent fitted for ' ihc"woTk. " At prsr.t TnB rtriTiwn vaw the lesl machinery Hnd America has the largest resources. It will lake some years to determine whether lam-don lam-don or New York will lead. A great deal depends on the measure of success suc-cess that attends our entrance Into Ine csrrvtng tiade of IheVworid. If our. merchant marine Is able !' fniuii'l-with fniuii'l-with the merchant fleets of other nations na-tions our position will be establish d. If not, bunion will continue to he the financial center. European bankers, on the fice of! things. . have prepared more carefully J for after the .war conditions lh:in the; American financiers. Kor some yeurs; the Pritish and ticrmans ha ve been ' conadidating their banks into a few powerful group, until today the remarkable re-markable spectacle is presented of five j banks In Britain controlling practically the whole banking system of the empire em-pire nnd three bHnks In (iprmany holding hold-ing the purse strings of cential Ku- j rope. ) The outrome of the war has rather 1 upset the C.erman world procrnm, snd Tlcrlln bn -kerg are likely to have their hands lull solving domestic problems without adventuring Into wider fields. The thirteen banks of the worl I with depi nits In exce of $5uo.oin ouo nre: Hinte Bank of Russia 1 1. fo London City and Midland... l.SI.s'.i.u-Mi IJoydf I.Z'Wt.iron.iuMi I in te rial Hank of Oermsny.. l.l.'ii,77i.iH)0 London ( 'ounty ( West minster min-ster A Parr's) 1.ftM.49VnAA Psnk of Kn stand y4,i:i.M0 Nutionsl I'rovtnclal and Cnlen fof 1 nndon) 77,?n nsnrsch bsnk n w National City SN7.nici.ee'' P.a relays si.i,i.iit Oiki Manque Russo Asiatlgue n9.1S.0iO ;unranty Trust &-43,0"U,(HH) Kusslsti Hank of Foreign Trade MO. 000. 000 The figures for the derm an nnd Russian banks are questionably owing ow-ing to the depreciation t f the rouble and the rnai k. The American bank nr strength If fer srei.ter than the tabulation would IrdlcHto. There are Sa.ooo hanks In Amerka. Of these 7671 are naional, state and 160ft trust coripani-n. The deposits of the New York bat.ks stone equal 60 per cent of the deposit of the SMn banks In the fire mam moth British usrsjrega tions. Naturally. New York irets first consideration con-sideration when American hanMmc is rnent ior.ed. Rut New York, larite us is the ratt it plays, is not so dom'n.mt as It ueil to be. Recently the ban' s 4f the middle West have been loormnf op. A ' "'licafin bank float d rr-e'nr rr-e'nr Iran, the first time !u history ; n Irterior bnk did such a thine. Trie j loan was not bis:, but It marked n ile-1 ile-1 parture n Amer!"un fmnc. Recent I 'v. too. Western tutnks floated a bond J I: sue for n icrent pack'nK coin-ern and , old the :o0( yf0 of it within one Tbe Western banks are deeply Inter- ' ester tn forelfrn trade. Some of thtm i want f' 1 eiun branches, f I'nttl recently a natiftniil I :ink w 1 I rot fM-fmltted In have branches. Now 1 Ihey may have branches In fore'yn I countries. The National "llv lank is , spreidins; out In various lands hut has less than two d'Xcn branches. At pris- : 1 ent America la handicapped sadly In j establishing foreign branches by lack of men trained In the field of Inter- rational fins nre. Deposlta of the bur American hanks ' re not true measures of thU s'renpth. , 'arlou croups are controlled by vs- i rious Interests or are so c'osely affii- j Jated as to be almost parts of one in- ! atltutlofi. The total deposits of one of I these srroups would top those of the j Htate Rank of Kusaia, by hundreds of millions of dollars. There haa not been the vlenroue ! leadership In our Internitiofial Ttneuct- j pros-ram that some of the most arOnt of persons would like to ee. but a worldwide financial organisation Is emt ( the creation of a day or ayear. I When our foreign trade develops as ! expected the ftnnnclar machinery will be tn s-cod working order. The American banker Is not slow. Neither are the American people CHICAGO LIVESTOCK, y Aeeeciatssl O'eeea. CHiCA'i" Iec. 1 Hogs Hw-.p;s. 4.'0: market steady to a shade lowt-r thsn Saturday's average; heavy. buU-her gradeii favored: bulk of sales. $17 33 17 so: butchers 1 7 SO If 1 7 70; light, tl 73 V17 ftO; packing. I16.764J 17.40; thmwouts. fl& 7&t7U 7, pigs, good to choice, 114 Cll&30. Cattle Receipts. J9 0o0. beef and butcher cattle, strong; mostly ISc to 2c higher; calves. 23c lower; good f seders, strong; others, aiow Heef cattle, good, choice and prime, f S 4i If... 3- common and medium. f9.&oeji3 4; butcher stack, cows and heifers. Is 8S414 23. eanners an4 cutters, 4 26tl&; atockers and feeders, good, choice and fancy. 11023 13 : Inferior, common and nieilium. 17 ii ft 1 ?&- veal calves, good and choice. lt.7Krl 2S; Western range teef steers. Ll IttflT.in; cowa and heifers, $7.7&t 12.24. Sheep Receipts, 13. 00: market Offered sOow to l&c lower; lambs, weakening most; choice and prime. $14.76 47 13 00; , mediuis) and rood, iuiOfjH 73. cuiis. 99 'fllJ.OO; awe, choice anti prime, f 9 00 99 3u; medium and good. $7.7369.00, culls, S4.OOO0.7f. . LONDON MONCV. ' By Aaaoclatad Praaa. irNDO!. IVic 1 Monry. I par 'nt; diwwjri ratra, .hurt bitla and thraa. m-ouiy bllla. n-U par caoL J |