The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-10-20
DOORS TO OPEN TRADING
HANG ON THREE HINGES
First Is Resumption of Normal Deal.
llngs in Foreign Exchange
With London.
NEXT, CALL MONEY MARKET
Third, Ruling to Permit Brokers to
Return Stocks Borrowed Prior to
July 3O--Gold Pool So Far Has
Afforded No Relief.
Try nuotDAN WALL.

X.
reopen the trading the stock Exchange
hens On ,hree hinEcs: ,,,,rr J., ,oro,r,
Ksytoration OF a cali money market for
A ruling that will permit Stockholders to
return stocks borrowed prior 20 July 3D.
pool Intended to provide relief to the ex-
change market but de,ails Of the operation
as known no shipments OF gold have been
made.
lem ia as outlined by Sir george Paish .Ail
bills ~ exchange or time obligations will
firms with German affiliations"
There are many american bankers with
expcctsa that The gold poor or any other
combination VIII pay these DIFFERENCES I"
English recognize the credits that these
Amcric,n-G.rnan bankers have established.
S Doth saS nf 1 the ledger "' must '"'S
Although money rates are auotably easier.
cent on their loans \ few average : per
cent, and those who do not need accommn-
cent. While fEurstively the money marke,
Is easier, the pressure is against the brokers'
and not In their favor.
on the third point. the return OF stocks.
apparently no prosress has been made. and
securities continue Ia pile UP In the hands
OF borrowers, awaiting a decision from the
Stock Exchange committees for tho return
nIcaliy long. hi, hnd it inconvonient to
assume their commitments.
Copper producers report the market steady
at about iilsc, with slight Improvement
hS aRGs on the hope tSa he 9si
VIII be granted AN increase In rates. The
" nd the '' M no rs
ported TO he a shade under q per cent OF
Dealings In securities were very near a
standStiii today, although hopefulness pre-
rcansnnr M ,r%" ,ng pnpne Tor inc
outsiders care to deal with unknown brok
hers ar prohibited from dealing a
cash prices public buying will he restricted
). nnmbsr of injuries Tor The Industrial
issnes That could not 6e filled as Stock En-
dealing on the outside.
New York. october io.-Reopenins a. the
Eastern freight rate case before tho inter
state Commerce Commission. the excellent
In the formation OF gold and cotton pools.
frame OF mind to-day. The decline in hills
on london; while accompanied by little
Of fus,hsr RELAXATION hy foreign holders OF
maturing American obligations.
dealing with the early resumption Of bust Sns,-
ness on the local exchange. but in con
a degree OF reservation. Regardless OF CON
hr 'ns e Gse, psrs st na.
until London points the way. The presence
british Exehcauer and the appro% @c ins
fertilization OF the moratorium in England
wiii'N Is expected. give rise to Interesting
developments on this point in the near
future
Outflow OF gold 20 Canada continues in
moderate volume.
1850 banks to the Comptroller OF the Cur
rency shows they hold clearing house certin-
Gates agEreEa,ing s5S.coo.ooo. with an lncrea Sc
In bank notes OF almost s2oloG'09o while
INDIVIDUAL deposits are smaller by about
slyo.GJo,tN These figures give significa nee
10 the steady reduction Of loan certificates
. now De1nE maze at most reserve
Money brokers reported "a shading OF rates
Tor time loans. but only Instances where
collateral OF the highest grade was offered
Call money was in light request, at I'M
changed rates.
New York. OCTOBER ,s.-Cioslng: Mercan-
re paper. a. Sterling exchange. easy; FOR
s.Nty-uay bills SLs3a5: for cables SisI15U
SIPS; for demand, s4.seIsi91ia Bar silver.