The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-31
SITUATION is UNIQUE
IN HISTORY OF FINANCE
Practically All Foreign and Canadian
Stock Exchanges Have Sus-
pended Operations.
UNITED STATES ONLY MEDL,
Problematical How Long New York
Can Stand Heavy Strain OH Its
Resources-Question OF Suspension
Has Not Been RIOaChcd
ny BRoAnAN WALL.

.oeStae. 81 prse,icaiiy ali the forssn aaa
those no.; actually closed having in sense
suspended business. is unique. IN the history
changes o: the United states as the only
medic ~ stock tran:.e;io1s IN the world,
change. which sets the pace for the other
exchanses OF the country can stand the
dc;ions tina, the exchange here would be
ccompe'ied 70 close before another, day. are
although the governing board o: the
change has not yet tahcn w. the matter. 4,
The question OF suspendinS trading ON the
floor vas not even referred TO- according TO
>nomr The EXCHANGES which have been
pest, Brussels Amsterdam, Antwerp, 81
l'etershuff Rome. Milan; Montreal To
50 restricted a. 20 amount 10 clos'nE-B e:-
In London and Paris, This Includes pTac
suspension o: business theSc-n situation
prooaolN unprecedented.
Gloomy News Brings Break.
inc uorst hreah in tho stock market since
the. opening Of hos;i!i,ie. between Austria
% SSi' bic ed S4esG H'G !ns s"S:
many and Russia The market opened from
and then shdT.d Fm tendency eS 70 G rsii,
ior an hour or more. With the opening OF
had break. and practically all The Leading
International issues Wen; a-turn bling from
'Nffc 10 clcNsil points. AnialEdilluted Con-
atierGoon. United states Steel held com
10 and ,h5sa poin;. sale Of u i5 9e ,area
~ ,tn INNS ,om"i at loss Of more han
i,'clnr sold at recession of g, Canadian
f9cite sold down more than six points.
h f9Te Il: Kew rise 2o4 K
s'Gs S Ma5I G%uid not long stand the
bet'er .fo- al concerned il business we're
81. 10
ysrssmon oT Sew So4E :" said Sfe one mar ss
observer to-day in reference 20 trying Ia do
had much symra;hy fo7 the hoy who Stool Stool
on the burning deck whence AL but him
had aea. would nave he'd, too"
,New York. July q" European financial
deNo!o3ment. to.oay caused great activity
,nrcd The whole session, with more business
any aa ''H , to GsST .r The i% i
maximum iossos OF from 10 l. points in
Eresnied on..h fth 90 The days. operations.
hut ~" definite figures were available. Low
81 prices we're reported In the final hour
on announcement that Germany had served
sn nltimatum ON Russia. r:lces crumbicd
rom snecr weight OF the onerinss. and
numerous transactions testified 10 the cN-
trsmc demands 81 ;hc situation.
Vague ru'ncrs also afioa; rs To home
conditions, an9 II was the intention OF The
moe;ins out 1t Wa deemed wise - post
Another adverse contributing factor was
iic continuance nt gold shipments To Lon
o"u ald Paris in the tacc q: further az
vance Jan 'Tnr risks insurance rates The
Standard %. Company. 10 allay amy alarm.
offered large sums al call money a; pre-
waiting vate> which we're fl!gnt,y above
Yesterday, with another hardening in long
t"rciEn exchange was dcnlo.a .!%cd. II was
rfaric"'tE Impossible 10 negotiate bills be-
tween ;h.s aud European points AZ ihc
mure excited moments -; tho day
Tho bond mariis' waS extremely weak
losses ranging from two 10 six points. Cni;c,i
S-At,- N0nua Nerc micnansel on ralI