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Show J. B. NIVIN TESTIFIES Presents Mass of Figures Fig-ures Before Money Trust Committee. Washington, Dec 17. The attraction attrac-tion of money from the small banks outside of New York City when the I money market shows a high-rate for loans was asked about today by the I house money trust Investigating com- , mittee. I J. B. Nivln, an accountant for the committee, presented a mass of statistics sta-tistics showing the amount of money held for country banks by thirty-two New York City banks and trust companies com-panies and the amount of money loaned on stock market sales in New York for these country correspondents. correspond-ents. Mf Nivin's figures showed 19,015 accounts for country banks 3n tho New York institutions. He explained that because the banks would not furnish to him the names of their country correspondents, some of the accounts might be duplicated. In the thirty-two banks, Mr. Nivin said on November 1 country banks had on deposit $483,000,000 and in addition had loaned on New York stock exchange securities, $240,480,-000. $240,480,-000. At that time, he said, the money mon-ey market was high. On July 1. with monoy easy, he said, the country banks had only $141,02S,000 out in stock exchange loans. J. B. Nlvin, a public accountant, testified that he prepared for the committee an analysis of the relation between New York and the rest of the country as to money. The analysis, analy-sis, based on the statements from 31 banks and trust companies In New-York, New-York, showed, he said, that 1H.015 country banks maintained accounts in New York. t The out of town banks, he said, hail I $9.293.091 000 In capital and surplus. Their average deposits in New York was about $600,000,000. It appeared from the date, Mr. Ni-In Ni-In said, that on January 1. 1912, the out of town banks had on deposit with 32 banking institutions in New-York New-York Citv upwards of $523,000,000. and that on that date the New York City banks loaned Tor them, on stock exchange collateral, upwards of $1 10.-000.000. 10.-000.000. Peters Testifier. J. F. Peter of Lewisohn Bro tes- I titled that ho assisted in conducting I btoek market operations in California Petroleum, acting In conjunction with representatives of Hall?aiten & Co. and William Solomon & Co. "You arranged your sales and purchases pur-chases to fit the situation as to whether the public came in or not, isn't that it?" said Mr. Untermyer. "No. wc sold It as there was a demand de-mand for it on the part of the public pub-lic " "You gave out buying orders to support sup-port the market?" askd the law-M"r law-M"r 'Yes.." said Mr. Peters. . "And ou guvc soiling orders to get rid or tho stock?" "Yes." Mr. Peters testified that the stock was sold "when delivered" on the curb before it was listed on the stock exchange." The first day on tho ex-' change it was quoted at GO. And with- in the next month the capital stock, was sold three and one-half times over. "After vou had dealt in this stock for a month, can you tell us how much stock your syndicate or pool had on band?" asked the lawyer. "No, I don't know." The witness agreed to try to get up a statement In reply to the question. He wan then excused. |