Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-11-20
TaAD|NC IN BONDS NOT
TO Be RESUMED AT ONCE
Postponed on Account of Threat
cned Selling" May Well DC.
~ ,S+t scribe Reason.
SELLING ORDERS ACCUMULATE
Ease Nm Money Market Extends to
Commercial Paper Quiet I'M
provement Continues in Metal
Trade-Heayy Demand for Copper.
MY nRoAnAN MALL.

NEW YORK, November is."Postpoped
ON account OF threatened selling" might we'll
describe the reason public tradins In bonds
will no, be Immediately resumed upon the
floor of the Stock Exchange
Selling orders have accumulated In bond
houses to an extent that threatened the
S 10 wses
quotations Indicated that buying orders
Stock Exchange officials arc forced raci,
to reconsiderstion Of dealings In stocks at
basis, with the disposition Ct the pSbiic to
The. demand Tor this class of trading. Is
thousand inquiries had s. per cent for In !,
dns,riai or traction shares OF known merit
common. Central Leather So,mmon. Corn
MesinEhousc and Brooklyn Rapid Transit.
The las, has been moro or lcss public
MANY of these issues arc freed from the
snspieion that forsiEn selling would follow
they DID not enjoy IN International rcputa-
lion. which proved II handicap during the
IN tho market. through the clearing house,
oss G DO nums w olaci Ssnes. and h SS
,nInr the cream OF the pahiic trading.
nne the The sse snse naars or Cast
Iron Pipe that has appeared for months
r.r.ay SIS PER poSHd has bs e9Se adTs"e need
In the copper market the domestic de-
maud Is heavy. and sales have occurred "a.
lc'tl to i.Sc per pound, against Use about
"a week ago The export deman. IL un-
In the, money market there Is album
tnna,e borrowers have secured acconmo
dat,ons st 81 per cent The case in this
cent. With some sales under these nsures.'
has dwindled TO almost nothing. Barely
,Noscore brokers. Neathered the heavy rain
transactions In fractional lots
c As'i,i, 4, was noted In the u, BROAD street
firm and automobile shares in demand. Kelly
S Naa sIndso Tire =, wh5eh ressnty sold a. o.
also wanted.
x hs IN ihs prssa of sfogxS v IS
and the business In them is almost entirely
~
members
reversal OF the definite plan 10 reopen the
bonds was The mos, noIeWorthy incident in
the financial distrIc, to-day. Reasons given
OF eean nn bsna h an nf
Investment ,n.,.,,I houses 10 meet the proposed
woke flood OF liquidation from foreign and
domestic sources.
ti6n OF bond dealings had aroused unsN-
pected opposition from influential banking
Suai tcI u Wus slBnlnCant OF the situation
asa whole that prices In the markets now
IN operation suffered material declines ear
lier In the day. Some listed stocks traded
IN without the sanction of tho exchange
declined from to , points.
Developments otherwise were mainly en-
ther exenanFc, With a lowering "i rate 10 for
commercial paper Exchange on London was
flriNcr. and an advance In France Was note 4.
There vas "a reaction In both markets how
ever. when the demand waned.
Further advances In copper and lead suS-
Eested u better demand for those products.
although the home consumption continued
at low ebh Reports that several railroads
were negotiating for new equipment. inciud-
Ing the Hartman and Hill lines. accen-
tuated The better feeling I'm the Industry
One important railroad report for October,
that OF the Southern Pacific, was submitted
II shows "A net loss OF SS53.o0o. The reports
of. minor roads discloscd heavy gross de-
crcascs
NEW YORK. November 49, Closing: Mer-
camille paper, 5tidSH; sterling exchange.