Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-09
WALL STREET IS BUSY
PREPARING ITS FORCES
Brokers Getting Ready to Resume
business After Many Weeks
Of Idlencss.
SPECULATION IS ENCOURAGED
Free Trading VIII BE Permitted in
All Stocks Selling at $40 or Under.
Restricted Dealing i'm Semispecu-
lative Issues.
ny RRoAnAS WALL

NEW YORK. December S-Wal, Street
rearransins s' clerical forces and making other
necessary preparations for the resumption
stock Exchange officials have arranged
:" encourage, speculation by permitting free
Ing in the semispecuIatiye Issues and debar-
stocks. such as Union Pacific. &c Canadian Pae
cine. Great Northern. pfd.. and Illinois
Brokers are merchants. and their profits
aePeha npGn the rapid turnover oo OF other
have practically been without means OF
hSs bsem ha n m the
nitments of their clients. They are. there
encourage tradins ' in % STOCKS for the bond a
business IS but small portion of the days
change. Commissions on stock and specula-
tive operations provide the bread and butter
OF the commission houses
Bonds were quiet odny. Rock Island is
sues were active and strong on buying, ut
these securities win II is Believed a be foi n
OF the Rock Island Company. 4 lively ', de- c.
mand was noted to- day. the common chang
R fso6Schkly 1s SlS Fl & WILL
Speaking of the Rock Island property.
the head Of a commission house. who has
had practical experience In railroading.
,,.. II believe believe the Rock Island is one Of the
survive its punishment. L lived in the 3 west vest
FOR many years. and was prominently active
Paee survived n, Under r'c ercum
sta nlss. In which the country could not so
sion. 1t is easily conceivable that Rock
an attractive Speculative P propssiion prove
In the outside market notes were firm ut
the effect of renewal OF stock market STOP op.
week ending November NfG WE'RE eTe 1877 sss
believed in the trade that the business OK
bean In Se hands W
h;s s, ewe:y effort t Is being made to hide
in soliciting offers points to ''ae's eon aksnes
ton OF heavy shipments. Domestic man
Of the meta SeoW IL CENTS on
many OF the big producers have sold their
production for months ahead. higher prices
The administration evidently is not going
MAS Wall streets Interpretation OF President
Wilson'S message.
NEW YORK. December s.-sentimcnt in
financial circles was henrtened to-day by
sumo restricted trading In stocks on SAT-
arday. This feeling was accentuated by the
of securities. The days list OF stocks sub
,1iitnn for publication showed several ad-
steadx extension OF the demand.
w ME no apprehension was entertained re-
speeding tho wisdom of the move made by
tae exchange II may be said that every pre-
caution to inspire this success will be taken
The fact that 1t has not been deemed nee.
essary TO form money pool to he used as
oackstop against heavy liquidation was
would And ready absorption. Another safe
guard VIII be found in the level of prices Mt
which all stocks over s.5 may be sold.
FURTHER demand for exchange on Berlin
Mas Mas the sold feature OF the market for for
quoted ut 92i7. with sight drafts at %
Private ndvices from Washington suggest
cd an carly decision By tho Interstate Com
rate case. .
Continued ease marked the local money
situation. call and time loans being made
at the prevailing low rates. Interior banks
bought more freely OF mercantile paper
these accepthnces coinciding with encouraE-
Ing trade advices
Unofficial news respecting the steel indus
Ty suggested better inquiry for specIul
products. with continuance OF the dead
lock Tor equipment materials. November
tonnage or the United States Steel Corpora
tion. TO be published on Thursday, was ex
iiled orders. " VIZ
NEW YORK. December S-ClosIng: Mer-
camille camille paper. 4+@iH; sterling Exchange.
easy: siNty,day bills s4.si55: for cables
s''s''": Tor demand si.s725: bar silver sou.