The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-09-29
OUTSIDE SECURITIES
!. HOUSED IN EXCHANGE
For Privilege to Denl in These Stocks
Permission Must BE Had
OF COMMITTEES.
SECRET POLICY is CONDEMNED
Demand for New York City 6's Car
ries Price to 1903 for 1917 Issue.
Extension OF British Moratorium
Not Applied to Bills OF Exchange.
BY HRoADAN WALL.

.Ntw X, ScpVNm = QCN4 OUT
mittee now housed under The roof o, the
oek Te The s naiks, tSG
h fe New Tt no stock S IN SsT
The home o: the legitimate
1T The pel!Gy OF condue.ins trades secre,iy
from all sides. Tho best defense ever made
by the Stock Exchange was the Statement;
That II was public market where all trans
actions were openly recorded
Another soft pedal was pu; on publicity
when the committee of five announced that
!; would no; REQUIRE. orders In mining stocks
not over So per share to be filed With It.
~ will permit trading 10 take place. pro-
Nid.ng tFansactions aHC quotations are not
The demand FOR the New York city new
isspe. Some disappointment is felt thet the
foreien buying did not take up a greater
caused the strength In Tho market for for
ssn d ssehanHse oS @SS ssns " TO 'oi
volume Of buying at these figures.
AnS.her Ieaso; to os.!gn for tho strcnE,:
the extension OF tho British moratorium from
u:tober to November docs not app% TO
call loans were made per cent. ANA
som. som nasiur,ng ;.,n9 loans ~ renGwed =,
Tor stockholders uses IL looked FOR later IN
ho ss lack ~ 0nS SS, The "oney ES, IL
Commercial paper vas steady with small
l pnnes. at rus 70 per the eeg Copper metal mar
ket, with prices ruling 1t i: cents O pound.
the 'Gu.ee that prevailed iast week. II 81
estimated that the stocks OF refined copper
nave Increased shout iv9.".,"E9 pounds In
tho last three months.
p9.auon; u Is raid' are row operating at
shon !" pc. cent q 'an%se,Nty inson:;ns
mage on the decline
In the outside market stocks were ex-
;remely Gull ana tramsactions few Sew
recorded a: aeou; tho figures that prevailed
when the exchange closed.
New York. September 9S.-By reason Of te
important ecarlne upon the international
market, to-day's violent r!sc IN foreign e3-
financial developments. Gables rose to SO?
and demand sold at SOL each representing
:. :atn OF cents per pclnl sterling owe:
highest quo,ntons for these Gcnittanccs
S'ace tho latter part of August The ud-
vance was occasloned largely oy an Increased
demand for London bills by persons having
large obligations 10 discharge abroad early
IN October when many ninety bills wi.l
the ina:urties would 90 met by new grain
and cotton bills, but the supply OF The. lat
ter hne been especially small! because of tho
embargo of exports OF that staple
Moreover the slco.clo.ao" gold pool was
hut. delay in the contamination of that
project nae added to the general confusion
of the market.
Apart from the curry in foreign exchange.
which reacted slightly later noet Of the
lays news was o; constructive character.
YEAR loans being placed at pcr cont. There
were some foreign sales .: American bonds
and notes under the new arrangement o: No
stock Exchange. b,, no N;,.rr. wee avail
able. 1t is known, however. that practically
AL the transactions were 1T moderate con-
ccss!ons.
New ySrk sep,snher -;Merean.iie paper,
e' & e fa! s'es g, n"Tettet Tor
s. !s'stS;9; balances. s',iat6,S. Rar silver.