Show WALL STREET TO BUILD BANK WITH Institution Which Will ill 1 H K Times of Money 3 Ins Din CIC on Chanse New Now York April Apri 13 Steps Steps are arc In contemplation It I was reported In fi financial f- f I- I circles to today ay for the establishment establish establish- mont ment of or a bank capitalized at at 50 for Cor the purpose of regulating money am and exchange rates rales during times Umes of financial stringency such a as that recently experienced In Wall Wail al street Certain leading heading Interests In Inthe Inthe the lie stock exchange are believed to be behind the movement Stock brokers feel that they and their customers have been Leon treated unfairly Unfairly unfairly un un- fairly by the banks an and that a n great r fal of ot business Is being diverted to lo London Lindon nn and aid other points on account of the excessively cly high bight rates which I ha have v been exacted for tor money I So far as can be Le ascertained it I Is proposed that Individual members of or orthe the stock stoc exchange shall subscribe a large amount of capital which shall be bu applied either in the tho the form forni of or an Increase in the capital stock of or the National City bank or to be Lu employed In the organization of or a n new now trust company to be operated under the di direction dl- dl of the National City bank It I is maintained by b those who arc are behind the movement that either lher shape which the project may take would place ilace the New York mone money market arid and ant the stock exchange c In a much stronger po position llon than titan either cither has baa ever occupied before and particularly in so 8 far fal as the operations of the foreign exchanges are aro concerned |