The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-20
FINANCIAL NEWS
AND COMMENT
Plan for Bond Dealings on the
Stock Exchenge Is
Held Up.
DIFFICULTIES YET REMAIN


expectations that II might be possible
to arrange for the opening Of the bond
depaytment Of ths Stock EXCHANGE within
4. fev ao,. ,,rroa 40. ,..,..a. A.. 3D..
ou' 'e'.e'u~' W NV
ooe" '"uuiseo III SOMEWHAT prematureiy
intimations which were little too def.
mite were given on Wednesday about the
probable inauguration of the experimen,
,o.morrox mr. rex, Mo,aav ana -.
ro,h.u ,,...,,a..s,,' , 49,
"'"e.' '"esu''ous'' Aoeep'eo III some
qusrtes.
TOT more than q fortnight past an in
..easihS huInoer Oh bankers nave Favored
mo Sohnlehcement OF raoing IN ponds
on inc moor OF the Stock Exchange al
Introductory 10 the general restoration
Oh the securities market, ana recent oc-
currences ana developments nave all sug-
gested mat conditions might be pro-
pi'lous lor sueh an undertabing. There
Is no doubt that the STOCK exchange au-
.no,i tues nave inns week had some imam.
ciai announcement Tor an accelerated
reisxatioh OF restrictions on dealings In
securItes ana IL was not intended that
the reopehihg OF the oond department
snoulo Do unlimited
nevertheless the financial community
mas avoided mistakes 80 far by Keeling
Us way ana counseis OF prudence nave
.inpo'eu cneck on enorts 10 hurry mat
Us was ahiiounceo yesterday AFTER
non Wy 'ne ooInnhIttee whlch mas charge
-, sIA .auhanse amars curing inc
.'., nc III tnae on aScouht Oh tho mashi-
diT,o,,,,,a n.ea.s 'nso'teu SonsIue.apls
sa, W pe uisposeo OF
S{oci. Erchanaa no,'ia p e.I On 'h0
T,ha .,a,o,,,s,,. ,,.a. ..,N
much IN ths in,agin,tIon proh.h,, :, .a
oac,aa 90 let. 90 ,.,.n.. oo.,
craI factor. Which n,,h, $780, ~ ,a,a.
mined in the f,,r,hsr ians. =, lei.
time II ~ o,~ isn,,,-.d 80 go .,a.
evidence had been nras.r,.d tha, so,ii.a
pressure. especially from foreign sonrce.
which has been more or less in allowance
during the period of Irregular outside nd
very restricted official markets was only
awaiting the reopening OF the listed bond
and share list 10 relatively free trading.
There were indications also that the Stock
Exchange authorities were making some
response to the attitude which Washing
ton has been taking toward the stock ex-
change problem. Dispatches have repre-
scented the Federal Reserve Board as
having begun to concern itself with the
position OF the securities market.
III Wall Street Is disappointed on thi.
score it can stand 1t. There is a feeling
that sooner or later courageous action
Will be taken toward reopenng the stock
exchanges. but this feeling is tempered
by recognition of the necessity for sur.
rounding values with all the protection
which can be furnished them.
Attention was very largely engaged
with the Stock Exchange subject, and in
deed there was not much else in the way
OF news TO engage notice. The Southern
Pacific reported earnings for october
showing a gross decrease of $1,000. 00C
and net decrease OF sS53.000. This
was decidedly token that with the
progress OF autumn the contraction OF
general business had begun to hit the
railroads hard. Information about the
state OF trade contained no other move
features. The cotton market was quiet