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Show Export of Gold to Canada is Planned New York Bankers Deelra to Meet Obligation In Lendon and Paris New York, Aug. 31. Measures to relieve tho awkward situation arising from tho difficulty of meeting this City's obligations in London and Paris assumed a more definite phase today when It became known that local lo-cal banks which act as city dcposl-Urles dcposl-Urles probably would 'cooperate with the bankers through hom municipal notes were placed abroad. The plan contemplates gold exports of at least $5,000,000 to Ottowa. This sum may be doubled unless opposition becomes too strong. The conferenco ot International cotton brokers, which lias for Its main object a settlement of tho foreign for-eign exchange situation In Its rein-tlon rein-tlon to tho exportation of cotton, held Its first session today, but beyond be-yond arranging preliminaries of procedure pro-cedure nothing was accomplished. American representatives wore report ed to have dec'ared that the foreign brokers seemed disposed to accept most of the terms Imposed by thq shippers. Reports from Washington that the copper producers hope to procure from this government concessions similar to thoso granted to cotton planters excited little Interest In the financial district. Tho project was regarded as of a piece with tho valorization val-orization schemes recently submitted submit-ted by tho coffee and sugar Interest. Leading western railway lines reported re-ported steady traffic, with Borne decrease de-crease In grain tonnage duo to a tendency ten-dency on tho part ot tho farmers to withhold shipments In tho hopo of still higher prices. Tho government cotton report places tho condition of that staplo ns of August 23 at 78 per cent, against 7C.1 per cent tho previous previ-ous month and CS.2 tho samo month last year. On the whole, tho nverago Is well nbovo thtit of any correspond lng period of tho past deendo. Many loans fell duo today, and In most Instances they were renewed nt prevailing rates. Exchange on London, Lon-don, both cables nnd demand was easier on limited dealings. |
