The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-10
Sentiment IMPROVES
IN FINANCIAL CIRCLES
Confidence Expressed That Means
Will,Be Found TO Renew Trading
About November 1.
SOME IMPLEMENTS LIN WAY
Wall Street Hopes Committee Will
Clear Away Conditions That May
Endanger Resumption - Federal
Reserve Banks Rapidly Organizing.
nY nROADAN MALL.

BY BROADhN WALL.
~ NEW YORK, October 9.-"All trans
actions must be conducted at the
closing price of July 80" quotes the
Stock Exchange committee. Loans
must he marked down TO the prices
on the New Street curb" answer GER
tain bank presidents, "Conditions don't
jibc. Something is rotten in the State
OF Denmark"
Fire prevention day; destroy all
This sign was conspicuous through
on, New York to-day Wall Street
hopes the committee OF seven will
recognize its import and clear the i'm
pediments that endanger the resump
ton of trading on the stock Exchange.
Said prominent member to-day:
10 and u to be settled the same day
between - 3,, and 2 is logical. This
that might. be broadened as opportu-
All suggestions for the reopening of
trading have SO far been along these
lines
Much Importance is attached to. the
believed that his knowledge of condl-
tions in London will aid materially
In clearing up the international situa-
ton.
New city notes were in demand. with
the 1917 maturities selling a fraction
above lo3. Shrewd investors are pick
ing up these prime investments. Bonds
generally were n shade firmer,. with
good demand for high grade issues.
In the outside market activity was
noted in the Standard Oil subsidiaries
at advancing prices.
Time loans are shade easier. and
call funds more freely offered at rates
that ran from G TO per cent. Much
dissatisfaction is expressed by the pub
lie. who are charged per cent on
This is the time Of the year When
the decrease in idle cars should be
pronounced
to-day that the net surplus of idle
eauipment only decreased 5000 cars
on the expectation OF 4 favorable atti-
tude of the Interstate Commerce Com
mission towards an Increase In Eastern
: freight rates this month.
Foreign exchange was firm at prices
that ranged on Thursday. number
of large rcmittances were put through
with the aid Of the gold fund COM
mittee.
From different parts of the country
banks are gradually getting into shape.
and within another ten days the twelve
fon Pms %i P pr be
York reserve banks.
New York banks gained during tho
some s1o,AoO,oo0, according to prelimi-
allows for the s5.ooo.ooo gold sent to
Almost Immediately perceptibly. but
none the less certhinly. sentiment has
. improved III STOCK exchange circles
during the week. Confidence is still
expressed that means will be found
TO renew trading on the floor of the
Stock Exchange about November /.
New York, October 9-Liberal buying of
the New York City notes and broader
inquiry for various notes and bonds matur-
features of financial interest to-day. The
aemaad came largely from out-of-toyn
banks.
The amount of emergency currency now
/. outstanding has been productive of greater
ease at all reserve centres. and this condi-
tion is finding an outlet In the investment
field.
The time money was in better supply. be-
the local banks which are expected to re-
port another large cash gain Tomorrow
Some thirty days loans were made at 6Ia
per cent on collateral of the highest grade
cent.
Foreign exchange moved erraticalIy, OPEN
inE wei above yesterdays close, but reced-
Ing In tho later dealings. Brokers declared
to extend impending payments. this being
attributed to latest news from the theatre
OF war, =
Domestic trade conditions were reflected In
OF prominent dry goods interests and mer-
chandse authorities also Indicate greater
caution regarding new supplies.
Dec!aration OF a semi annual scrip divi-
The Southern Railway in lieu of the cash dis
bursement of sl2 per occasioncd little
surprise In view OF the disturbed conditions
in the cotton market
New York October e.-Mercnntile paper.
Ci2aI Sterling exchange. steady: for sixty.
day bills. $3.50: for cables, yi9s: for de-
mand steI. Bar silver. 5l%.