Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-11-28
WALL STREET WELCOMES
,T0-DAY's
stock Exchange Viii He Reopcned
for Limited Dealings I'm High
Grade Bonds.
INQUIRIES ARE .FoR sTocKs
Sentiment Clearly Is for Speculative
Shares, but Demand Is Ignored by
BOARD of Governors, and Brokers
Are Trying to Solve Problem.
ny pRoNpAN WALL.

only hfty who make speciality in bonds.
However. Wall Street appreciates .o-mor-
OF 100 inquiries nneiy,ninc will be for
5s s,sds 'RS i, mt mSrs appss 70
nsasiyc machinery OF Wall Street would ,bc
h.s snG%s ssss asS nn sse h n
from e hSse whS study In In
'renhs SaSe sharpsn s@s the 's Wits :hs
"t the semi investor. and the demand to- day
m II fax oer Of Inc ss
sibiiity Of Increased returns In dividend. and
Tie ssn;,%sn, i already " sisaris outlined
IN the up; bidding o, indus,riai stocks. Bonds
competition Of new Issues tha, will shade
Industrial stocks war naT,S"prIS , q.nSs n
shares offer the probability of Wide
margin OF proht and possibilities OF increH sed
SPECULATIVE MARKET
IGNORED by EXCHANGE
Why stock Exchange officials should is-
ketand only cater to the investment demand
sons the mSjor,y ' Of s,% eRs Bs S sGs
listed Of the Stock S1ssa ns@ aHs
dean. IN s 1Sn roS on's' In The SECURITIES
ard on Issues have advanced from to -
s s2ses SsSs spra nS9o mi"
unusual prominenie. JuimbS :Estehsion .o
from s may .s Sa'a akn'' United pre
sharing has risen from to H. while spccu-
, nenist. ;" listed railroad securities has been
steel stocks have appreciated u, value.
steer common advancing on New Street
from from 5is to r. Other steel shares hive
snea %S the eGnps ssSsh
Public Utility issues have risen despite re-
Triee ot Th'f + as pssssa a
why ..StocE ENGhanSe officials should &
,ss to eaequrase dealing In bonds when
stocks is soine,hing that the average mem.
Der OF the Stock Exchange cannot quite
sp sSs hEs,d active pssngs
strong ana United front sharing 'q rose no
strong rnE IS S. Mining stocks touched fen nem
NEW YORK: November "7.-Local interest
~, nnunSiht affairs to-day converged mainly
, about the stock ENehanGe and It's reopenins
The ,or ri m1sS dGsinEs in bonds
,nrfe " Of the nature Of an experiment and
only nrabS test Of Domestic t"f Inv Vest an
c,eh Is PERHAPS shs, n so%ps,hnE than coin
a., ~ on strictly cnsh basis early
s,malicr exchanges in this c.un,ry' are to to
'hEe similar action next week
money showed greater casc. and tho fact
Company n reE 2a dr money on nm marhe! would
MonuaE next might he accepted as further
pT"9f OF gradual return 10 normal. Banks
OF me Clearing housc will repor. large
cash losses tomorrow. according to most
inrecasts. but tho surplus OF these institu-
lions VIII not he materially affected -.
s.Xchange on London was steady. sight
tats showing some tirmncss on "a moderat e
inquiry. In Continental exchanges fr;incs
NM inI marks moved e2ntrarIly. the former he.
hea|y, The Bank OF England statemsn,
showed another relatively sma II loss OF gold
inu a reduction in LIABILITY reserves Thc
iimpeTial Bank OF Germany added more
snan SAp"o 80 10 itn rns, hoard OF gold. and
recorded "a large decrease In current notes
~, returns for October mnde by several OF
tnS larger railroads were In kecpinr viii,
ether exhibits Tor the same pcrid,i I;nion
nncihS showed net loss of Si5a,030. which
Mou,u nave been much larger hut fu; a
imarked decrease in cost OF opera tons and
.nMSaso nn'l Sorthw rstcrn lost siT1IIo
Which also would have been greater I'M
FOR saving. IN charges '''
NEW YORK. Sovembc- enclosing. ,,,r.
srnu,S paper s1l, iaH5n;. Sterling exchange
wv; Tor demand. St.Sl. Bar silver ;oi: