The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-09-15
BANKERS IN NEW YORK
BECOME OPTIMISTIC
Private Cables Bring News Which
Leads To Belief business soon
Will BE Booming.
REopENING is IN PROSPECT
London Stock Exchange May Resume
Trading Before November l.
Large Block Of Bonds Sold TO Eng
fish House.
icy DROADAN WALL.


;hc ar'nor Of bankers. To-day intcruationa!
bankers. In receipt OF private cables were
positively optimistic over the Improvement
in the foreign situation.
The announcement tina, the Bank OF Eng
land would take up the international eN-
change situation on Thursday Is tho hrs'
step in resumption OF foreign trade stock
brokers In London have been notified to pre-
j,are for 4 scttlc;nou; on October Is az their
mid-AucuSt contract. and rcopeninG OF
the LONDON stock Exchange may logically
follow before November T.
The exclusive announcement in this col
unn of sale OF a large bloch q; bonds TO
IN I.chich Nulicy OF several hundred shares
at the closing price of July 81. Better still
is tho statement that many selling orders
The quiet accumulation Of buying orders
tunties that are sim open 20 those who
purchase stocks at the closing prices 81
in inany case, soon loot, heap.
rher e, ias been inddGn ;'d 9 t S.o fS
.pany. ana - sharp demand Tor cl stocks
w noted today ,naniry rogardins in
hr"hca' attention 10 certain stocks Here
: suggestive list:
SOB. July 20 rate. Yield.
Erc1i N"rfN"rn pfd.. - =. 81
1ini9n ~ ........ ii3'a So -
N tH,, .. ........ Saa. sss q
Great Northern preferred, OF tho primo
inves;incn; ia.ucs. with an unequal record
ioF past u'rlEfftt+. t0iumCiuS liScif. kun
ming through rich wheat district. tho
iarmers .lGng ne road arc unusua!!% pros
inciit an.!cipatc ,he cutting OF a lin
melon that VIII give bonus to stock
Union Pac:nc as an per cent stock. should
DO abb to niatutoin this rate and the price
the opinion OF many bankers.
I.chish Valley, rcrrcscntins an Eastern
:!ye interest ;hot appeals. strongly to some;
.hn prIpeTE 10 in fHesiien' Gondi'ion and
Atehison is considered one, OF tho hcst
lG nay ~ tan c@anaty r%rn'nSS are Tc
financing T. n"c"ssory, ana tho future OF tho
sha nSs' %G be rr[;ST utilities he following
rricc Dividend
stock. July -. Rate. Yi"ld.
3 F,SoI,lEn p; r T.. ,5 &C. e =
Er"eklyn rapid transit is catni,,c som.
per cent per aunum above the dividend re-
'q sr@nies Gas he'd .harp sunp iu,, rrior
10 thc close of the cxeit,nac. ewing 10 liuui-
cation "i loans of a 'rm that failed. dc
The property ~ tho earnings.
Among The preferred Industrial stocks
s,., i,.i.c n,yiaend
u"ited state S,eci prSforred i probabiy
lis: ama a ,Esmsral f,vcri,c
welt known. has uidoub,cd morij. aai to
quote Il well known trader. III ths stock j.
urud."
Industrial issues unuue stiouahly VIII he in
great dcluAnu when pabic confidence is re-
stored. Here arc two speculative Issues.
t"icc. Dividend
Stoct. LUiy 80. rate. Weld.
Steel ccninou......... 5i's -. 81
Central I.cuthcr...... - 90, -
~ tho opinion al many ohSc:Vcrs Sto"t
- phinpn Is % stoch market THERMOMETER. are!
ihe price around - has Invariably proved
profitable for pu-Cinsrs.
Central Leather selling below -. will no
doubt bo quick TO appreciate with a return
q; public trading.
conilcucc In an active and higher stock
inark"i l. based on. nrst. tho small amount
OF stock hcinE carried on spcculatjvc ac-
counts when tho exchange closed. ami. ncNt,
on The enormous increase OF emergency
money that has been issued during Tho past
s!N week. Imitation in the past has in
!ardhl% been followed by speculation and
higher prizes.
Now York. September It.-C,osinE me~cau.
W. psspn"r Sterling rNcnanee easier; ca
Stis.