The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-30
SITUATION AGAIN SAVED
BY NEW YORK BANKERS
Stocks Arc Supported in Such Il Mas
terly Way That Rally
I]uSucS.
NO PRESSURE FROM ABROAD
London Market DemoraliZed to an
Extent Never Before lIuuallcd.
New High Records for Exchange
Established.
% PRESSURE FROM ABROAD
ny BRoApAN WALL.

New York July .e.-Ncw York banker.
took ca:c Of tho. critical situation. support
.pS stocks "a Sucl. - mastery way that aft or
dozen new low records had been made a
r1iiN ensued q: from To points that car
ricd the most active issues to u level slightly
above thG, losing Of Tuesday
nEeei was considerably iightencd by the
fao' that, there was no pressure from for
TINS week al American -nu-es
No pressure eame from London because Il
market was Gemornlized to an extent never
uouuccl, prices quoted there were nominal.
end cables received here stated that there
The Amsterdam exchange also was ciosed
To-day and 40 business WAS reported bc-
tween l3ei ;hi& eity ami Amsterdam
s.ou Ct foreign selling ,rhe Foreigners
securities here they would bc forced "a take
eeN:-cmciy low prices. and not get the money
%sw high record for exchange, were again
az 500 and rose - 500, while demand
ca6es rcceded 10 s.95 and demand TO si.S G5i
These nigh prices resulted from the de-
set loans from their home institutions TO
pay FOR stocks. were forced TO pay high
SO Ear American bankers were aware.
no ,oro dissount r%tes wers quoted In the iarSe
ali falling to quote any discounts s.'' D''''''
Money rates for time and on call y.r,
cent where the heavy offerings by The IA
'ional City Bank and Trust Companies
The discount rates o. two foreign govern
ment insututions were advanced to-day The
10 az per cent willie The Bank of i'I Russi.,
marked up is quotation from q per cent 20
cxpec;ed 20 advancc its rate ner ,cn{
to-inorrow; ana tho Bank OF England rate
Brsa hun;saN y mere IN 10 wPp fF s sfn,
Gay !" large numbc.s The odd lots houses
Exports OF gold continued. total engage.
msn;s 9,9aogntinE to $1,000. OF this
CITY Bank. S!,p!1.Orl by the Bankers Trus;
oinp"ny s::..%g,;y1' by i.alenhurs. Thaln!aun
" Co. ana $'9'''o' by unanno"nced bankers.
Nov York. july % The local stock rs
change was At most the only 'uarl,et or Inn
Italy in the initial lridnF, storm signals
paralysis manifested by London and Berlin,
Lon caused aSHdf'G he Rr,! N 'hs ana SGr rc Iu4
Net- 10 practically withdraw from all active
An unusual feature o: the London market
was tne merely nominal quotations posted
i ior ll'"m% .NmeTigan .suas whiie those in
here wore inclined 10 follow i'",,dnbs. inod
n.uyins movement OF Canadian Pacific Tor
IN Important factor in The advance here
WAS the extensive purchases credited to in
lacking IN the financial district.
i'rices were inclined 10 shade fractionailv
ourin? ne midsession OF RESUMPTION OF gold
exports IN moderate volume. followed hy
per cent rate f"r call money and some
hardening ior long naturitics. Bes; prices
were established In the nual hour when
iHr.
Foreign exchange again highly UNI
Ku,incs, was $4,000 shares under yes,er-
days active session
Bond huctmatcd widely. showing les re-
operative ability than stocks. United states
coupon Is gained i per cent on call
New York. July 29.-Ca' money strong:
"-HI; ruling ratc. .: closing 3"ii. Time
!oahs strong rates nominal; siNtY days. =:
nueiF days. 1n3!t; SIS months. 5i.c Mcr-
,NuilIe pnner. Wv. startling cNchNnse. mn