The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-13
Dill STREET STILL
RARPS ON STOCK
txCI A fE OPENING
BANKING INTERESTS, HOWEVER
NOT READY FOR RESUMPTION
OF OPER ALTON S-B X o ID
STREET CURB MARKET DOES
GOOD BUSINESS.

New York, Nov. lin d variety OF
directions toiAs important entour-
agement was furnished 10 recovery OF
financial confidence Wall street IS
perhaps prone at the moment 20 ex-
& AgEerate reasons for optimism but "A
good deal can he endured In The WAY
OF recoil from depressed sentiment
even though the rebound should be
carried to an extreme which insures
reaction.
As Result OF several Developments
there was more talk al he close Of
business tonight than has been heard
In long time regarding the pos
Eshilittes OF stock exchange reaR"uing
This need net he taken seriously yet
ss indicating any definite reasons tof
. believing that regular dealings IN the
organized securities market are likely
TO take place in The Near frgurc, but
the matter Ia wer'a referring 70 as
showing the impression which : be-
ing made on the financial community
by the latest occurrences bearing or
-alues
There are sunc things In the pros
poet which MIST become actual fact
before banking Interests Will incline
TO endorse 4 movement for the re-
opening # the stock exchanges Lon
don preparation pn thiH score VIII
have to I've carried further and" evil
ience will be awaited Of the foreign
attitude toward American securities
The Interstate commerce commission
must make its ruling in the eastern
rate case and so on.
Foreign situation Favorable.
AT the anne time the foreign ex~
chang situation favors decidedly
more hopeful views If the stock
snarket outlook. and the tenor Of
financial judgment on the position Of
security values is suggested by the rs-
moval Of All cmbarEoet against trans
actions II unlisted shares The Broad
Street curb market vii not make its
formal reopen!nE until Monday. buI
tor all practical purposes trading was
resumed today. The supervising
authorities of the stock exchange de-
cided sensibiy enough tha. there was
no valid reason In not permitting
publicity Ia prices for unlisted stocks.
and as soon RS this fact becarn~
known Broad street traders gathered
in growing mum aers and before Pae
end # the day a good deal Of bust
ness activity Developed at strong
prices. AT the ~ ne time the irreEu-
lar street market for listed stocks dts
played q similar further improvement
s.nd most gratifying reports were
given of the situation n inVestmer
securities which are being bought and
sold under ofsicla' supervision.
Of me brasdest kind of significance
WAS the violent declines which &C
CURED In the foreign exchange market
generally German Austrian, Italian
and Danis'1 remittance all sold at eX
traordinary discounts from normal
figures. French exchange practically
reached the normal and under the cir
rumstances IL could be sa Id that ster
ling bills with demand at 4.s7 and
cables at 4s7 as are to all tntents
and purposes selling at normal rates.
There were heavy offerings OF
sterling exchange which ia IN part the
CONSEQUENCE Of Information that tne
bankers in charge Of the New York
City loan operation had completed
their exchange arrangements 1t Is
also increasingly obvious that London,
where money IL n drug, is more than
anxious to extend credits here. where
credit commands q better price.