The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-30

the Withdrawals, even from the banks
which carry the very small savings ac-
counts. were small. AS were the gold with
drawals for pcrs nal use.
business men are Withdrawing a few
thousands Of francs In gold to meet the
mobilization emergency as their employees
must he paid OF instantly IL they are
summoned to- the Colors. At tho close OF
the market to-day gold was offered at
premium. but there were few sactions
The manager Of the branch hero Of a
prominent New York trust company said
that all financial institutions are operat-
ing on he strlctcst war lines on the as
sumption that a general war Is Inevitable.
The Bourse itself WAS only formally
open. Cash business only was permitted
in IN" parque;. This means absolute stag
nation of business The Total closing Of
the market is not expected even IN case
of war
VI Burland. a banker. who is a special
'si In American securities. confirmed the
reports that hnanciers are unanimous IN
expecting general war. The feeling on
the rourse this afternoon, NJ Burland
said wa blacker than ever on accoun:
OF bad adNices from London. Big houses
arc already preparing Ia MI vacancies at
desk in case OF mobilization.
The ahsrnc. Of gold coins j. proving
very inconvenieut. The correspondent Of
THE SrN has not been able To obtain a
louis since Sunday and there are great
difficulties In tho way Of getting change,
which Is always In silver. There is "A
general demand for the twenty ten and
nv franc paper currency issued 10y the
Bank OF France at the time Of the Agadlr
anair The hank had a full supply OF
these notes engraved at that time.
Berlin Price. Lower.
BERLIN. July 29.-The Bankers Asso-
citation decided to-day against closing the
Bocrse. but determined to suspend deal
lngs In securities handled for the settle
ment. which includes all the principal
stocks. The committee OF the Boerse
met following the action of the bankers
Association and. without taking formal
acton on the recommendations, gave In
structions that no quotations be regis
tered, and business stopped at once. The
committee announced later. however that
dealings would be permitted to a limited
extent and settlement quotations were Is
sued later
There was no sign of panic in what
little trading there was. although bank
ers are very pessmlstic. Prices generally
we're lower. but selling orders We're 10
greater In volume than for Monday and
Tuesday and the declines were not ex-
cessive. Quotations were not available
with regard to the greater part of the
ISL, so the cnortS 10 facilitate settlement
at the end of the month by Issuing quota
tions for the day were made difficult
II had been expected that the German
Imperial Bank would raise the discount
rate tomorrow to 3 per cent. II now
stands at 4 per cent. Late in the day,
however. II was decided to make no
change for the present
German and Austrian Government
bonds were not quoted to-day. Russian
4s fell or from NJ 30, Tuesdays figures,
to 1872 peutsche Bank was quoted at
2l9, points lower than yesterdays
quotation. Azofdom. the leading Russian
bank was quoted at 1850 Tuesdays
quotation was 1861. Canadian Paclflcs
fell to 100. a loss of IL points
The Hamburg and Frankfort Boerses.
following the lead OF the Berlin Boeran.
suspended dealings for the settlement.
~. Petersburg Rourse Closed.
ST. PETERSBURG, July 29--The ST. Pc
tersburg Bourse was closed to-day. The
present expectation is that II will not be
opened again until next Monday.
No Amsterdam Market.
AMSTERDAM. July 29.-Tho Amsterdam
Bourse was closed to-day for tho day.
Canadian Markets Closed.
TORONTO. ont, July 29.-The stock ex-
changes here and In Montreal remained
closed to-day and probably will not re-
open I'LL Tuesday. II IL not antcpated
! that any exchange firms will he In finan-
cial difficulties unless the markets become
/ further demoralized.