Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-08
RESTRICTED TRADING
BEGINS ON SATURDAY
Decision to Reopen Stock Exchange
Is Reached mt Meeting OF Gov
ernors' Committee.
WALL STREET is RELIEVED
Resumption of Public Trading on
Floor Is Forced by Overwhelming
Volume OF Business-Quickcnin
= of Speculative Pulse Expected.
ny BRoADAN WALL.

NEW YonK DscemSer no.. Kestrls,ed trad trad,
minimum prices Viii be made public on
y e mse5ins OF the ees governors
committee after the close to-day. 1t. was
be authorized to enforce stock loan con-
tracts whenever IT may be deemed wise
Resumption OF public trading was forced
PEELED tho transfer Of trading from the
FEELS MUCH RELIEF
Much relief was felt throughout the fnan
Sial district over the announcement. Odd
their customers were under serious disad-
Msfn s to
Inc. ut per cent, siockhrokers will have
eaus nn qu lie IN
terests is expected to result with higher
High grade bonds. such as Atchison gen
erai As. Union Pacific first Is and Northern
business done was relatively small. a wlden-
ing inquiry is noted for the more specula-
Missouri Pacific collateral trust As ad-
S SanSed from g to s. These bonds have
stock. This road is in splendid physical
condition. earning per cent and paying 4, :
considered Thoroughly sound, and even IN
soS OF n f1r the M
would not depreciatc. When the bonds were
brought out they Solu nS nigh as ~.
Rock Island issues were again feature.
the collateral trust As advancing to 27h. a
Win the srensth Of P0 the Rock
Island and tho Missouri Pacific Issues:
SIX on reports of good business and the
expectation that profits would be largely
bEsLsS;p FOR STEEL
United States steel IS rose above par. the
demand for these bonds is growing; Inter
to 2aF. and Bethlehem steel refunding IS
sfr 5. a" s New 10 So1s S
price for this movement At the annual
1ss
elected This il is believed VIII be fol-
lowed by an increase from to per cent
Trade reGoT,s were more favorable in tho
livery in isii are now coming in larger
volume than nj any time since July 80. In
isc. and it is reported that several large
producers have disposed of their entire out
Tennessee Copper directors will meet on
Wednesday for action on tho quarterly divi-
dend, and the regular rate OF per cent
IS expected.
NEW, YORK. December Announcement
that the New York Stock Exchange will
resume trading in stocks next Saturday on
applies to londs was the feature Of interest
in financiai circles to-day. The list of stocks
Of the 565 listed on the exchange. It in
cludes all the leading industrials with tn q
exception of United States Steel. most OF
the railways not In the international class
and n great variety of cheaper shares those
selling under SIS being free from all restric-
tons
Bonds and stocks again were distinctly
firm. tho aggregate dealings in the latter on
the exchange being the largest according
sion. the chief lecture the Rock Island
group. which was increasingly active a
further advances.
Southern Pacific convertibles also contrib.
ntcd largely to the days total which was
the largest since the resumption of bond
largely 30 isolated issues. including Inter
national Paper 5s Declines. usual, were
pronounced. ranging from two to eight
points the latter representing the loss In
CRANKY Mining 6s
Among the principal stock gains were Le-
high Valley. Reading, Central Leather and
American Beet Sugar. In the later dealings
stocks manifested II ,reactionary turn.
Time money continued to work ensler
while call money touched In the new low
rate OF per cent Marks again furnished
the only feature OF the foreign exchange
market, their greater iirmness streng thenine
the belief that Germany continuing her
selling OF our securities in this market.
NEW YORK, December 7.-Closing: AIer.
camille paper 4hf@. Sterling exchange
steady: siNty-day bills, Sass: for cables
SiSS; for demand, Si.SIol; bar silver 5Qt.c