New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-19
BOND SALES ON
EXCHANGE SOON
Announcement To day
May Fix Resumption
for Saturday.
ANOTHER BOOST
FOR BUSINESS
Sound of the Tickers VIII Add
TO the Growing Chorus
of Prosperity.

SO advanced is the plan of the spe-
cial Stock Exchange committee of FIVE
and bankers to reopen the exchange
for dealings in bonds that formal
announcement on the matter is expect
ed either to-day or tomorrow. Ac-
oording 70 the plan rs It now stands,
business will probably be started Sat
urday or Monday on the floor of the
big board"
As outlined previously in The Trib-
une. the precaution TO be taken against
renewal of foreign selling will be
tho establishment Of q fixed minimum
price at which each issue can be traded
IN. 10 was learned yesterday that this
figure will be sufficiently under the
prices of July 80 so as TO furnish a
barometer regarding the amount Of
liquidation that may come from abroad.
The actual opening of the doors Of
the Stock Exchange for business, even
though il may be restricted by the i'm
osiuon of minimum prices, IS expect
20 add much 70 the improved senti-
lent that has recently been SO appar-
cnt in the financial district and IN
lines Of general business. The famll-
AaE EOunQ OF inc kNNhSlN ctHAtAk ANA vi
quotations over the tape viii be an
other added feature Of the plan TO re-
open in bond trading that will bring
cheer TO the hearts Of the brokers.
That full preparation has been made
by the bankers 10 stabilize the resump-
tiOn Of trading as far as possible was
evidenced in the fact that they stand
ready 10 subscribe to a $4,000, 600
pool TO furnish demand loans If these
prov necessary outside Of the usual
channels Bankers thought yesterday
that the demands on the pool would
be negligible, but they feel that as
aid of this character has been fur
rished 10 relieve the foreign exchange
market and the cotton planters the
only thing 70 do was 20 render similar
assistance 10 Stock Exchange mem
bers. if called upon.
In view of the success Of the re-
moval Of restrictions on unlisted
stocks the committee of seven invest
ment houses which has been supervis-
ing dealings in unlisted bonds and un-
listed guaranteed stocks announced IT'S
dissolution by issuing the following
statement:
"As q well established market now
exists in unlisted bonds and unlisted
guaranteed stocks, at prices when 40
not endanger the loan SITUATION the
commjttee of seven believes that its
services are no longe, required, and
has adjourned sine die. The commit
tee desires to express its appreciation
of the spirit of cooperation during
the period Of restricted trading
The members Of the committee were
Harris. Forbes & Co., Brown Brothers
q Co, the Guaranty Trust, Company
Kissel. Kinnicutt & Co., William A.
Read & Co. Remick, Hodges Co. and
White Weld & Co.
Following the successful opening OF
the Federal Reserve Bank Of New York
bankers noted yesterday a marked IN
crease in the demand for prime ac-
ceptances or guaranteed bills Of ex-
change. At the National City Bank
and the Guaranty Trust Company
where a large business was done. II
was said that the bills were freely dis
counted AZ 4 per cent
Bankers expressed qualification over