Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-11-19
DEMAND FOR0PEN MARKET
is TOO LONG IGNORED
Members Almost Unit in Desire to
Re-Establish Returns With
Their Clients.
WANT PUBLIC GIVEN CHANCE
One of Governors Says Officers Are
Willing, but Banks Object-Many
of Industrial Stocks Are Consid-
cred CheaD -'.-
RY BRoAnAN MAIL.


Stock Exchange for public trading. II nee
cssary conlne transactions TO dealings TO he
paid In cash tho Same day. and limit prices
to the minimum established by the com
In;ttee.
The demand for an open market for tho
public cannot DC much longer ignored and
stock Exchange members almost
unit In their desire to re-cstablish returns
with their clients.
One governor OF the exchange is quoted
as stating: THE officers arc willing. but the
banks object Well. they might. for
prominent bank president boasts that his
institution has made enough profit in the
past three months TO pay the full dividend
his capital stock for the year. How
functions OF Il stockbroker must one day
be settled. and the time is not Tar or when
,resn bank officers on just how, deposits are
used and profits made. There ie wide scope
Many OF the industt.n; stocks are con
sidered cheap; notwithstn ndins. all the
tnre. conditions. wall Street today is par.
t ts ,Ss pa s m anPo
sI,on to- express conadencc by tho c. purchase as
ome 81 the panic prices Of tho
Ssgss ETSh Isn predict psaSd Of d
mSss Fly
lie placed Tor export business
Gnsed states Steel 1a
these Issues embrace the three fields OF
ion United states s,oel ss selling 'S ss par
arc sound business proposition. The pre-
M s na Of pf he e safest ann o
us class. and the common stock. temper.
possibilities around tho present figure Of
Bethlehem Steel common. is now some
:. points above the closing .fsurcn of July
e. WIN every Indication of record profits
Steel preferred. paying per cent and sell
Ing 5rae Seo n may 70 cap
yond expectations. and n strong demand
0r s sss' s srfk pron,
from the increased demand OF It's product
9r shs ess and
itn, !. in the ability OF this company TO
Public dealings in bonds are expected to
mcnt' to this effect is looked for in a day
STOCKHOLDERS arc at least in a position to
benefit from onss the REDUCTION In can money
freely returned. brokers finding aceomme-
relieves those Institutions that at were bu tirs
Seoser Win too many loans and places tho
the accommodation and rates.
as as f hsr the
In. sound securities at present prices.
NEW YORK. November !s-pr.sident VIII
sons reassurins statement to the Secretary
OF the Treasury In connection with the inau-
Euration OF the new Federal banking system
MAS the main topic Of discussion In imam
with the completion OF tho cotton pool it
other directions. = -
Ono more step toward tho restoration of
normal financial conditions was recorded
during the day when tho committee OF
bankers and bond dealers organized to SUI
neTvise dealings In unlisted bonds and un-
nstcu guaranteed stocks. announced it's re-
trement. There was another conference be-
tween leading banking interests and author
tiles OF the Stock Exchange. relative TO the
navisability OF on early reopenlng OF that
institution, but the result was onco more
Industrial conditions offered Erentor
promise according TO authoritative trade
adviccs Copper scored another fractional
advance and purchases of pig iron have
steel anu iron thia month was considerably
IN excess OF the corresponding period or
last month. Incidentally come OF the larger
railway systems came into the market Tor
now equipment
Exchange on London was q trinc easier.
with little demand. business for Paris and
berlin Was the smallest in some week
MI e9n1inental rates were higher. Tho Inn
perial Bank OF Germany again showed an
Increase OF gold holdings. with very
The more detailed statement of the coun-
uSs exports for October disclosed the fact
mat shipments OF breadstuns FOR thax
month were almost three times M lnrgc
NEW YORK. November ls-CiosinE: Mer-
camille paper 5I05@. Sterling exchange
easier. SIXTY day hills SISSY: for cables,
rnTTnS ~ VI