New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-09
FINANCIAL RECORD
HERE AND ABROAD
Confidence Continued in a
Day of Quiet Trading
Prices Steady.

Security prices held steady Ysstsr-
day In a rather quiet day In the nnAn-
sial district, while preparations were
continued for starting 70 open business
In stocks, with confidence that this
step forward would be made without
difficulty. The bond mArkst showed
rather less price movement Than on
Monday, speculative advances, less IN
syidence, apparently indicating that q
larger proportion Of the business rep
resented purchases for Investment
stoeks through the Clearing House
were. & is understood, a little less
active, dealers awaiting open business
on the floor. Price changes here were
irregular, but generally did not reach
large proportions. Advances predomi-
mated, few railroads making frao-
tional gains. Money was easy.
President Wilson's annual message
10 Congress contained less TO interest
the financial district than has gener-
ally been the case in his recent pub
lie utterances. Before the people had
an opportunity 20 be heard on Election
Day he had said that his programme
Of business regulation was finished
So yesterdays announcement tns'
such legislation was beautifully com
nlete and made clear and firm the road
70 business success conveyed no spe'
cial assurance. AS expected, the SHIP
purchase bill Is to be pressed foI
massage this session. This Is appar-
entity q part Of that enlargement OF
tho governments activities which, ths
President said. did not violate th'
principles Of true economy. RuraI
credits are not TO be taken up THU
session
Administration leaders In tbs House
and Senate announced that they would
be able to put through for the Pres
ident legislation desired. The House
With an emphatic vote disapproved the
proposition TO deposit in Southern
Tanks hundreds Of millions Of dollars
Of government funds for loans on cot
ton and tobacco warehouse receips
So far as any reasonable accommoda,
ton lie desired by holders of cotton, II
will be furnished by the bankers cot
Ton pool. Blanks for applications tol
leans under this plan have been issuec
and a number Of requests are under
stood TO have been already received.
Tho Census Bureaus report gave
record total Of cotton ginned on De
comber 1. In face of this, there wa
exported in November only about haiI
tho quantity shipped in the same
month last year At that last month
total was greater than for Septem
beY and October combined. -
Apart from cotton, exports are wei
n. aintained. Last week from this porl
The value of shipments was arouhS
1000 600 better than for the weet
nreeeding or for the same week OF 1910
Great Britain and its possessions toos
about s1.500,000 more than during tns
wsek before. Exports OF Great BTU
g for November fell off more heavily
han in October, while imports
swelled by heavy buying Of food IRON
abroad. we're not so much under those
Of last year as in the month before
Startling exchange here is now expected
20 move against London, unless move,
amt Of securities counterbalances tnH'
80 goods. A partial explanation was
o,fered for the recent rise IN mark
vnsn it was learned that German
bankers we're negotiating loans mere
on collateral deposited in Switzerland
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