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At a meeting of the Executive Committee of the Federal Reserve Board held in the office of the hoard on Friday, February 1, 191E, at 10.:30 A. M., PRESEUT: Mr. Willits, Secretcxy. Mr. Mr... Miller, Present else: Mr. Strauss and Mr. Kent. Applications for permission to export coin, currercy and bullion, together with paperr in connection therewith, were presented and acted upon as follows: A letter from the United Str.tes Food Administri.tion with inclosure, relvtivf„ to the applicatien of Comision Regul,idora del Mercado de Henequen to export a00,000 gold tc Yucatan (0.304.) Read and ncted. A letter from .he Commercial Bank of Spanish ',merle-, Ltd., New York, re application to deposit with Federal Reserve Brnk a25,000 ,old for Peruvian Covernment. Secret-1.y to write ntetlng Board is favorable. A letter from Villiams Cold Refirilig Co. re dental gold export trade. to reply. Rend and Secretary ordered Corret-pordeuce submitted by Lactlud t Son with reference to the recert cancellation 3f tt.eir licenses tc export gold etc., because of violetions of their egent Rodiles at Laredo, Texas. Noted. A letter from Phelps Dodge Corporltion, re shipments for eccount of Moctezume Copper Co. ond Nacozari Railrond Co., submitted by U. H. Bates, AtNoted. torney. A telegram frcm Calkins, Federal Reserve Bank, San Francisco, re Amer, Harris Neville co., and their desire for rupee exchnnge. Noted; r.,y negotiation on foot for more rupees at 35*. A telegrnm from R. P. Jennings, Mexico, expressing appr cip.tion Board's actici re Rffidnvits re use of gold. A letter from S. S. White Dental Mfg. Co. expressing appreciation letter January 28 re dentni gold problem. A letter Mueller & CorpIy re foreign exchange situation, especially with reference to Spain and Scnndinavian countries. 1044. First Nntional Lank, Eagle Pass, to Cin Combustibles Arujita, rexico, a cop] mining company crn- trolled by American Metal Company, New York, not to exceed $2500 weekly currency excopt gold certificates. Granted. 1045. W. C. Laughlin Company, Nogales, Arizona, to same, $9.n Zavier, Mexico, February 1 to 7, el1,250 United States gold coin or equivalent in Mexican. gold. Granted. 1046. United States Smelting, Refining & Mining Company, Boston, to Compania de Real del Monte y Pachuca, Mexico City, during February, $140,000 gold coin, or Granted. bullion. 1047. Americs1,1 Express Company, Philadelpnia, to National Refining Company, Toronto, Canada, $218.44 gold bar and t3. 25 cash. 1048. Granted. Canadian Bank of Commerce, San Francisco, to Mint, Bombay, 2,000,000 ounces silver bulliori. Granted. At 11:00 A. 14., the Committee adjourned. AFPROVIZ: Secretary
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