The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-17
FINANCIAL AND CONNER ClAL.


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SATURDAY Dec 1916 r. NJ
' stock rcarket vsas actiys and on the whole firm
today; but Cleveland and Pitsburg and Cleveland and
Toledo showed exceptional strength the transactions In
Abe former being unusually large Ohio and Mississippi
cer Gates were also In brisk demand the earnings OF
the road for the year according to the annual report
having been sa4 IN excess Of those Of the previous
year while the expenses show decrease Of $l4e,o9o,
making net gain OF $597 1850 The earnings for the
wear ending with the present month the report estt
mates viii leave balance OF 81 Ole 622 after deducting
all expenditures
At the open board ten o'clock Cleveland and Pitts
burg sold at Oh. NJ Rock Island l0s1s Northwestern
355. Cleveland and Toledo 1laA, Ohio and Mississippi
certificates 29x Schuylkn Coal 1s1 Marposa preferred
IL At the first regular board New York Central closed
higher than at yesterdays half past two session. Erie
" Michigan Southern y, Illinois Central l. Cleveland
and Pittsburg az Northwestern X, preferred q, Rock
Island " Cleveland and Toledo 2h Ohio and Mississippi
certificates 4 Reading and Fort Wayne were IN
changed. Government securities were steady coupon
nve-twentes Of the old issue excepted, which do
cined Y.
At the open board at ono O'Clock there was a large
business DONE but the market took all the STOCKS
offered without yielding Erie closed at ssa, Hudson
1927, Reading lit, Michigan Southern 75, Pittsourg
Wayne 1853, Ohio and Mississippi certificates 2ek
son6ylkin Coal l3x, Marposs preferred 81 Cleveland
and Toledo 1lSk coupon avetwentes of the old issue
103k, ten.forties 9l% seventhry notes OF the third
series Elk. AT the three o'clock session the market
nearly steady Reading sold at 1888 ex-dvidend
item per cent? Erie 93A, New York Central s8h. Hud-
River 109,s Michigan Southern g. 81 92ss, Cieve-
land and Pittsburg s2k, Cleveland and Toledo ll4H,
Northwestern 3s&, preferred 62&. Fort Wayne l06
Ohio and Mississippi certificates 2eh Schuy!kh Coal
1917
Afterwards the street. the market was strong and
somewhat excited Cleveland and Pittsburg sold at 49,
Eric Ssx "a, New York Central 96}l s., Michigan
Southern 1874, Ohio and Mississippi certificates 29k,
Northwestern 384.
Money abundant for employment the Stock
Exchange at seven per cent and number Of balances
we're loaned at six All tho current indications favor
continuance or monetary at this CENTRE which
hardly fail Of giving impetus to speculation in stocks
The gold market weakened from f46H at the opening
10 l45H 146 q, the close Of business The shipments Of
gold and silver by to days steamers aggregate 81 o53 4
of which the Bremen took $5e0,l2o the City Of New
York s272, sss and the Hecla $3.50, 4l6 making for
Foreign exchange was duh Ut 1924 Y Tor bank
ers' bills at sixty days.
Petroleum stocks were active At the first board Pit,
hole crock closed zoe lower haa at the same time yes
terday, selling S14 90 United States 20c selling at
$26 70; Copper Falls &c. selling at ga So Empire and
Pithoe Csc, selling 81 %; Bennehof Run 81 s.
selling at Sl6 80 Great Western Consolidated sold at 55c
Kentucky National Petroleum and Mining Company,
81 20; New York. Philadelphia and Baltimore, DOC Blu
ehanan Farm, SSc. I; Bradley Soc Central, $780, Ham
McClintock 81; Oil Creek 81 55; Rynd Farm, y5c Ma
honey Coal, So; Waikiki, 81 80; Ganneli Cold 81 rs
The Stock Exchange In this city has taken de.
cisive step towards pcpularzlng itself by admitting
che public into an outside circle of the room
during some Of its sessions, that customers
communicate orders 10 their brokers the impulse
OF the moment The Intention is, however to issue
10 members tickets OF admission for such Of their
toners as they may choose to distribute them AMONG
and 80 10 limit the public attendance in the board
room. The lower hall will, al The time be thrown |
open 70 all persons satisfactory to the stock Exchange
Committee their payment of certain subscription,
and the board prices win beconstany uadc known
70 those below through speaking tube There rs an
uneasy feeling among the members Of the open board
relative to the changes gong forward In the
OF tho regular Stock Exchange but a, their last meet
ing they decided upon no notifications OF their |
isting regulations although radical proposi
lions submitted vote II Is clear that the open
board has lost considerable portion OF It's former bust
ness which derived from members OF the regular
board, who execute ALL nearly oil, their
doris But those doing Independent commission bust
meas Of unaffected by the loss OF brokers
orders, and II the open board body Is careful
unity OF action among its members there is
why les existence should be imreri.led By closer
rivalry with the regular Stock Exchange
The business At the sub-Treasury to-day as fol-