| Show K MINING MI MIK ININ NEWS AND ANI STOCK REPORTS lI MAY H HASTEN STEN THE REOPENING Of EXCHANGES In fri up the tho tIl stock k tr transactions for f-for loT th tM the we week In New Tork Tode the New News rUu r au r a aS s that fairly heavy hea a of ot toeD h h. recently been made mado at prices on oil rut part of the tho lb put through at t figure considerably under nader the closing on I July 30 0 The sales l B a o have In some C cases I beta made through bank banks and tho the stocks I i aU lone gone Into hands of oC at atro strong roar Interests where they will probably remain until on orS org after the end of the war wr when they easy n y b be O cold sola at prices much higher than row ow pr prevailing That A bl bis bia market has grown up Ul out- out lId ild Id the tin l lo Is admitted In all Im Important Im- Im banking circles Thom Thoi e who 11 nate that certainly would not the New street gutter an as asA A bIg market and while they do not admit neither do they den deny that much business I In III being don dono through generally do an over o the thc counter D In bond honda and other othel unlisted f without having ln membership In Inthe Inthe the stock tock exchange b by whoso whoa thoa regulations regulation ft tile they hey are not controlled com It In Is Mid that th t those houses house a bl bi Ine bu s Is III ib being nc dono done both hoth over o the counter and b by ri ul phone In prominent banking circles Mt It Id JI admitted however that a 11 number of of transactions ha have haC C ben been made malIc directly the tho bunla and that a R. conald- conald rable proportion of ot tho the liquidation has be Lt n of foreign m origin ra Passing of stocks from weak Into strong hands hand and accomplishment of or a a. considerable proportion of foreign dation dation in regard J to which the strict street has haft 4 iben been to apprehensive tend to strengthen the time Situation and to facilitate reopening of iB stock exchange It Is significant that certain prominent banking backing Interests rr to who a w week el ago fa- fa a- a Ored some plan b bj by which business ml might ht be resumed In a 0 limited limit way are re now I much JC Jess desirous of that development de while th they express confidence nce that re resumption re- re In a Cl normal wa way Is 18 not far off They My ay y the mark must r reopen open In a comparatively short hort time which contracts contrasts con- con tracts strongly with their warnings of ofa a few ks ago alio that It must remain remt They an say now th that t conditions are arc Improving ln so rapidly that It would b be Salmon useless to spend time devising temporary exp expedients lent because norm formal 1 conditions y will soon oon prevail alJ t Tho The market on New le street Is now only a u email maU affair the time business having lui gone one elsewhere Low figures are being named for stork stocky on 00 New cw street but no con- con line lino could b bo be J accumulated there at quoted tl figures I Sam Som of the Increased liquidation may have e resulted from reduction of ot rates rateR of ot I mil loan aa as lenders hl quite gener- gener idly Ully mado made It a L condition In reducing tho time rate that additional collateral be put up Timia has baa Induced brokers to stronger cr of- of fort to obtain additional margin from r some of or whom unable to meet demands on th them decided d to liquidate ui U mm operation facilitated In man many cases by jy transfer of ot th the HIp from loans Joan tit Jf f the tho br to a loan o of th Individual from r ronie mc financial institution which Inot riot hot bein ted to Iules of the thc stock t k han f could Quid undertake liquidation of Itne time the ac account In Inan many Instances It linn has een difficult foi or brokerage houses house to induce U c lomers to put up additional J or liquidate accounts but on the substantial progress IH Is being iliadI and speculative accounts arc gen gen- ISO trai rally in much let better r shape shalO than thamm thal a month 1 |
