Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-07-28
STEADY DECLINE
OF CONTINENTAL
BOURSES MARKED
War Crisis Works Havoc With
Prices on European Stock
Markets.

A persistent downward trend of
European stock markets was one of
the outstanding developments of the
critical situation that confronts the
powers in the Austrian Servian inn
broglio today.
NEW YORK, July 2S.-Reaecting
foreign conditions, the local stock
market manifested further uneasiness
in today early dealings. Shares of
the International group were off1 to 2
points, in few instances, however.
yielding to London's low level Trad
ing was far less active than yester-
day and sales for foreign account
were in smaller volume.
Announcement of further gold ex-
ports to Paris and London served to
emphasize the financial tension at
those points.
LONDON, July 2S.--A feeling of I'M
Certainty prevailed at the opening of
the stock exchange here today, but
conditions were not so panicky as
they We're yesterday British consols
opened at 721a. then fell by slow
stages to liz, but soon rallied again
to 72. Continental favorites were
offered freely at first, but gradually
recovered.
Canadian Pacifics were again the
weak feature of the market on conti-
mental and settlement liquidation.
They went to Az below parity, being
quoted at 176, but before noon had
regained some of the loss, and were
quosed at 17Si5.
II
We're still a matter of negotiation,
the tone being steadier. Discount
houses continued to quote per cent.
tor short and sthree- months bills,
yesterdays gold shipments from New
York having had practically no effect.
The decline of prices on the Berlin
Stock Exchange continued, as those
firms which were unable to secure the
necessary funds to carry over their
engagements were forced to unload.
German government bonds registered
further fall. Three per cents.
started 4-10 lower at 731k. Vienna,
where the bourse was closed, was said
to be unloading on Berlin, and this
contributed to increase the highly
nervous state of the market.
The decentralization on the Paris and
Berlin stock exchanges was reflected
by erratic movements on the market
here. Rio Tintos fell points to So
but then recovered a point. Amalgai
mated Copper dropped 2. Most Amer
leans were easier, but there were
practically no buyers in any market.
One small miscellaneous jobber was
hammered.
BERLIN, July 2S.-The stock mar
ket here opened generally weak to-
day, particularly in the cause of AUS
trian specialties. Russian per cents.
on the other hand, were quoted u
higher. The changes generally were
small, the attitude of the Berlin
bankers having treasured their GUS
toners and checked the tendency of
investors to sacrifice their securities
at any price. The Bankers Associa-
ton held another session today, and
decided to meet regularly during the
crisis.
They resolved to support home
securities by heavy purchases. if
necessary. W
PARIS, July 2S.-Transactions on
the bourse today were limited and
the quotations generally were about
the same as yesterdays, but the ten
dency was downward. French per
cent rentes were quoted at 70.
Rene Viviani, the French premier,
who is on board the battleship La
France in the North Sea, today kept
in frequent wireless communication
with the foreign office here. He Is re-,
turning to France as rapidly as pos
sible, and Is due to arrive at Dun
kirk tomorrow morning.
Prices at the close of the bourse
we're low. Exchange on London and
private discounts were not quoted.
The suspension of all trading in
futures was decided on at a general
meeting today of the commercial ex-
change dealing in grains, sugar and
all commodities in bulk. This deci
sion will remain in force until an i'm
proyement occurs in the international
situation.