The battle between New York City Mayor Rudolph W. Giuliani and city Comptroller Alan G. Hevesi over the selection of a financial adviser continued yesterday with both officials exchanging letters and Giuliani suggesting he can independently select a financial adviser without Hevesi's approval.

Officials from Giuliani's press office did not return repeated telephone calls regarding the matter, but according to a letter obtained by The Bond Buyer dated July 6, Giuliani has asked Hevesi to hire one firm, Public Resources Advisory Group, as the city's adviser.

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