TO STABILISE WORLD'S FINANCES

Dominion, Volume 13, Issue 23, 22 October 1919, Page 7

TO STABILISE WORLD'S FINANCES

THE INTERNATIONAL TRADE

CONFERENCE

AMERICAN BANK NG ENTERPRISE

By Telesraph—Press Association—Qopyrleht (Eec. October 21, 5.5 p.m.) New York, October 20. The New York "Times" Atlantic City correspondent states that at tho opening of tho International Trade Conference tlio delegates were informed that the topics o£ discussion would bo credits, finance, chemicals, coal, foodstuffs, metals, petroleum, textiles, reconstruction, supplies, shipping, and tho formation of a permanent international business men's organisation.

Mr. Alfred Bedford, president of tl«e Standard Oil Corporation, in a speech, said: "We fire informed that because of the high prices and the high vnte of exchange prevailing in the United States it may be necessary for some 'countries to buy elsowhere, but questions of credits and exclmnso are essentially bar'" - ' questions. Wo ivish youi to consider with our bankers, who earnestly •' ..in to solve this complicated situation. Oi J of the methods lvhero the future fiiiari ci.il co-operation between Europe and America can bo realised is by Americans investing money in European enterprises."— Aus.-N.Z. Cable Assn. TUB EXCHANGE HATES. (Hoc. October 21, 9.20 p.m.) London, October 20. Foreign rates of exchange to-day:— Paris, francs to ,£ sterling, 30.02. ' Stockholm, kroner to £ sterling, 17.2.1. Cliristiania. kroner to .2 sterling, 18.24. Calcutta, ,£ lo rupees, 21 3-B._ . . Montreal,' dollars to .C sterling, 4kloilars 30 cents; New York, dollars to S. sterling, 4 dollars 10 ccnls.—Aus.-N.Z. Cable Assn. SYNDICATE LOAOO KOLCHAK (Rec. October 21, 9.35 p.m.) New York, October 20. If is understood that an international syndicate of British, American, and probably French bankers will extend a fifty milloi) dollar loan to the All-Rni=-sian Government at Omsk, wh'ch will be required to deposit collateral.—Aus.N.Z. Cable Assn.