The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-31
'fRICEs AT CONCESSIONS
FR0MCL9s|NC OF JULY 80
Bond Dealings Under Supervision of
Committee Pass Through Mt Rate
of 100000 "a Day.
sHoRT-TERM NOTES IN DEMAND
Banks Pretty Well Clean Up Market
in Better Grades, and Brokers Find
&. 1t Difficult to Get Offerings in
Large Amount.
ny DRoADAN wAII.

& DY BROADAN WALL.
NEW York. October 30.-A stock en-
change governor stated to-day that
bond dealings under the supervision of
the committee were passing through at
the rate of 100000 or more q day
Prices are at concessions from the clos
ing of July 30. Prices are separately
agreed upon by the committee. but are
not made public. 1t is hoped that with
oein eaSe In me money oo IN
toned.
BOND prices were distinctly frmer
on Thursday. advanced to % ga bid
Southern Pacific convertible rs rose
eeGm q to 81 s eGa st aaf Paul
Short term notes arc il, good demand
Banks have pretty, well cleaned ur
brokers find it difficult to get offerings
In large amount. Issues running for
s sx sbnse are ssllnE on Sa
/ on a to 12 per cent basis. while
s short term equipment notes are on Il
sues on. a 1-2 per cent basis. Anal
gamated Copper > per cent notes due
nress to IS Ia Gail loans We're made
rs a rule at per cent but the rate
pendent upon the quality of the col
lateral and the financial standing of
the borrower.
in fair volume at per cent with OUT
of-town purchases of paper not so we'll
rency movements during the week in
aboat s1d eS 600 'M e'sn 's '"' BANKS OF
Metal markets were easier New low
prices were established for leading
steel products--in some cases the low
est figures quoted for nearly twenty
prices saEging. Sales We're made be
m a ri tn
Interference with copper shipments and
the high INSURANCE rates on exports.
regular. dividend of per cent and n
extra dividend of per cent. This CON-
mp to %. per cent. compared with as
per cent in 1919 No change. was noted
in quotations for tho oil stocks.
Prices in the outside market for the
listed stock showed advances of Il point
or more Steel common was quoted at
Al to Al 1-2. AmalCanIated Copper, Al
and Chino; 30. IL TO, "a, tnls last stock
cciiic. was traded in AT INC IA TO Io6 1-2:
Southern Pacific at ~ - TO - "a and
PennsXlvania at 100 ~ TO lol:
DENYING any knowledge of 81 so.callcd
bankers plan, for the resumption of
vas said to include the prohibition Of
short selling for. the time being. aud
the ''carmarkinG' of socks sold for
in clearing house funds also the extern
sion OF existing call loans and n pro-
nosal that banks supply 10 to IL per
cent more money for the use OF brokers.
The plan apparently omits the pro-
vision of funds for the securities al
ready sold here for foreign account. bur
not yet delivered or paid for.
New York October si.-To-d, i marked tho
close Of the third month OF involuntary
idirncss In the stock market aud tho ter
tcrel into just before the opening OF the
European war. Most of the loans tncn
negotiated. which: are payable between this
date and neat Monday. were made at to s
per cent. tho higher figure prevailing. Re-
ncwals reportca 20 day were mostly the
tituation lost none OF its Improvement, do
uand for the high grade bonds and notes
coming from large financial corporations and
Insurance companies for amounts running
from sl.0o1ooo to So 100000.
In connection with the s.'.0ooooo French
was believed that other foreign governments
or private interests making ovcrtures
10 our bankers for the placing OF credits in
this market. There said to be grounl
FOR the belief that banks in this country
now have deposit not less than SO. 01o 900
was sent here as precautionary measure
In the early days Of the war. while addi-
tional sums were forwa ried later 20 meet
purchases nj our commodities.
EXPORTS Of American grains and other
foodstuffs are likely 10 show decrease this
weeks extraordinary movement
Foreign exchange WAS n negligible factor
To-day. only nominal business being done
at u parity with yesterdays close.