New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-30
WALL STREET The
WORLDS MARKET
Only Exchange UnrcStriCt
cd. Takes All Offerings,
Then Advances.
BRAKE. NEEDED AT
TIMES FOR SAFETY
More New High Records tor
Foreign Exchange Call Money
Up-S13.OOO.0O0 Gold Goes.


The New York stock Exchange yes
+crdav CvpCricnCCd tho ScNcrest ''~' ~,
-. .i>tor{ Of moro than 100 years and
emerged with hoU0rs.
The only omen and unrcS'rC'od MAJ
Act for securities M the Vor.o. II '"VN
everything offered without STRAIN or o.
for,. and. after breaking ground At INC
cocr,rc -, .hc face 81 further liquids
go, iron, Iuvorc and bclatCd selling al
lo-,c brscc6. made Up 1ts carly ioS~'S
yrd diSnlsNcd 50 much strength 'nA'
those who hold &c lu hand appu'u nc
brakes Nv throwing over stocks e"ut"'
., tovrer levels Lost lt advance too rap
,cl. &c foo much and thereby invite
LANCER. I'm AL about >op.oco shaicS were
DCalt lr.
Tic action Of tho market was &c
'.cf. bu. not 2 SURPRISE. What turoNe
might 10 none knew, ana there were
corhte before TIC opening whether INC
>bo-t covering Of INC day before anu
buy,uc by commission houses hso NOT
seriously weakened the technical pos
ZION Tho >hrcvdcr operators Thought
not. and tho events of the day luS'i''o
fhcir cont dcnco. ,-.r
Tho only excitement vas IN ro'
Too FNrb5nrC. which decided not 10
,osc. and in Tho foreign 'LCnS,s'
market. which continued 80 make new
-,ro~d. cable sterling sold up ~
G n, and francs again - whatever nc
dealer might ask and tho need, OF INC
purchase compel
5000 .Oon in Gold Go"s.
Tic Carwaria. of the Cursrd Line.
,rG la SaVo-c. co. tic French L'n'.
esTcd with >l2.Ooo.ooO lu coin and
bars During thc day an additional
600 600 pae tskcn for shipment to-
morrow hv tho National City Bank and
the BANKERS Trust Company. The toi-
MGR also fooA s. 100000 m coin for use
over IS counter. Part of this was
taken from the store m the Clearing
House.
Insurance on gold shipments rose 70
in cent r hundred. almost ten iheN
INC normal rate. This had q tonlenc!
10 q courage shipments. especially a.
. supply o. bars IS expected F. the
Sub-Trcasury this morning.
Money rates. which were ahnormal y
low tuesday. hardened yesterday. ta.l
funds advanced 20 = per cont. with
much business transacted - % II 10 !
per cent. Time money was also some
what nrmcr.
There was an unusually large a.
tendance on the Aoor and IN Office be
forc tho hell rang for the openlne,
Vacations had been cut snort ana
members who had announced mat me
street would 500 thom no more un,i!
carly autumn were on nand. win 10
anolocles for being present. They ca
vcctcd a. inc best d lively opening.
London. with only nominal marAc;
was eagerly watching New York. Inc
carly morning hours brought many
cables asking = j. we're true that TIC
exchange would close. The answers
were IN the negative. though m some
ID .taDcc- thc dcnials were 0u8lined a
crution that ma have seemed JuSuAcG
later iu che morning. when ( was an
r,urccd that tho governing committee
which lad adjourned for nc summcr.
i.d been called M >pecla! session.
Meeting Held as Precaution.
Eo7inallv the case Of Irving J. Stur-
r Boston member, was the cause
a. tho meeting. As 4 matter Of fac.
-.c real eau was the desire o. me
management 20 bc on hand IN the event
= amy emergency.
~Wc dor; look for trouble" OK
r.eIrcG ore unusually well informed
member of the committee. "but J n"rcr
heard that anybody got into troup."
through hong prepared. That's the it,
r4tiou Do q nutshell
Tho opening was active enough 20
-..- the most uimblc. Overnight orders
lad accumulated M all the nternatlon-
~ issues and home tavorltcS About the
>.,cI pos were many brokers with sell
-.c orders. They did not have 20 sho"
..r,r hands 10 the expert their .acoS
cold th. story. Into the crowd We.
William &. Van Antwerp, one OF the
,,orc active leader Of the Exchange.
A. ono side stood member VINO lacked
the worried look most o. the others
How arc you sxcd:" asked Van Ant
vcrp.
How arc YOU" 81.
I've cot bunch o. selling orders.
Well. don't worry, I've got an order
81 5000"
rcpcstcd a. the others. Everywhere
rhcrc we're selling orders, but also
brokers with large buying orders core
-. cycry noet. l. WAS clear that bank
iu- .upDor' va beng extended. hi''
,,'fh commission house orders and the
covering of short lines put out the day
before. va suficicp'.
Starts OF with Rush.
Tho opening was wide and active. In
-fc first iftceu minutes nearly l501OO
shares wcrc dealt IN. or ~ the rate OF
10000 share day. equal 20 the
host dan m the stock Exchange lls.
tor, Af.cr the early break ground vas
ou,c.ly made Up. and then the brakes
,.c,c applied For tho remainder Of the
day the market ruled STEADY, with oc-
ca,ional breaks here and there Wn N
4. bclatcd selling order was cAccu,' "a.
Undoubtedly much Of yestcrda{ p
business was investment buying Of the
best character The prices invited nc
attention % the bargain hunter ana
+bo-c was also buying Of the better
class o. securitics by savings banks
and insurance companies.
Berlin was the one European centre
"a how improvement. judged from ~
,c.ions here. While London and Pars
HE WHO