America.

Stratford Evening Post, Volume XXVIII, Issue 8, 8 September 1915, Page 5

America.

THE EXCHANGE CRISIS. BRITISH COLD UNWELCOME. United Press Association. (Received 11.10 a.m.) New York, September 7. Thirteen millions sterling of British gold has arrived at New York from England to rectify Jlie British exchange. Bankers do not welcome the arrival, as the Tinted States has already more gold than can ho utilised. , Bankers fear speculation, and much prefer that Britain should borrow money from the United States to pay their debts, thus giving American hankers American securities as a collateral. The sterling exchange is still lower, and is.now at four dollars sixtv-five cents.

CAPTURED DESPATCHES. ! .! I AN AUSTRIAN EXPLANATION. d- ! Received 10.50 a.m.) 11 ' ; 1 Washiligtb'n? STptemWi' 1 ?, 1 ‘ Tile ’Austrian Ambassador called on Mr Lansing and explained that the despatches captured hy' the British’ wore' from' an American war chViTspohdeiit on route ‘ from' Vieh'na to NeW York’, and’ did not h licet American neutrality. ' The suggestion therein that the Austro-Hungarians refuse to engage in the production of war municions in America, being under risk ol imprisonment if they returned to Austria wiis explained by the Ambassador as inerelv a technical measure usually ** ' ' ' * 1 ■ f. ■' iT'*• B' / ~i.| 1 j issued to, Austrian subjects.