New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-04
TIANCIAL RECORD
acre II And ABROAD
rt,dIug in Stocks Heavier
BONDS Generally Firm
Gall Money Lower.

..-ovsment IN security trading
DO yesterday. Dealings In bonds
s'nsS's oOr Of the Stock Exchange
. =, !, broader list with prices
,a' e. some hrmhsss and the total
I'a0s'1s nttje better than on Tues
Following puohcauon o. Peg onNs
Isr, AN stocks are passing tnr0usn
. war 'pi.sring house, the business was
Ilss esss, "a the greatest since July, and
snsiss.v. quotations were Tor the
Iya!sios;. hsttar than those Of the day
lness psie, -ssscre Of idle funds for oc-
bssorrss.. ,sused higher prices for short
Ilupsu0n,s Call money was offered as
IsI~ AZ per cent
low -, bond situation seemed now SO
~ !. hand, doubt was expressed as
vel - ,scessity Of restricting business
70 snS -isimum prices. Some investors
VII L. 49,, ave sign that current prices
lssl Ias! .;sl and will work lower. Bond
rs s ~ Ssva specific instances where
hcusss ..;ons have been made on the
trss's.."r-;e es lower than offers they
1901 - for large blocks Of the same
f'sslI... before open trading began,
!s.-;nr that the would-oe purchasers
os's si had been shaken by
$3.50 market. So the Stock Elk
~. authorities are being, urged 70
s.aaS r. minimum and let the market
>. h nstural course.
-p..;nsss In bonds yesterday was
l -, all az the start, but prices were
...insd. Special strength appeared
~ Island issues and New Haven
Il. vile New York Railways ADJUST
~. K continued to advance. South
~ sDi psciac convertible 5s made some
a,.yr About q score Of bonds not
80. go traded In since resumption ap-
...,.S IN the days dealings. Generally
H.. .bowed declines from the final
-. n July about as had been hith-
- rseorded. but New York, West
S.,.er { Boston 41zs were well above
lbs closing figure.
noss repor.ed for Wednesday, railroads
sst;nr Improvement as we'll as the in
s"styisls which constituted the greater
50, AZ he active list. So few are the
reilrosd stocks being purchased above
ia minimum established that there is
selling that the effect of the Inter
tate Commerce Commission decision
|,hould be seen before business in stocks
! transferred, Ike that in bonds, to
|As floor Of the exchange.
With no immediate expectation that
,Yehapge on London Will be heavily
,urehssed to pay for European hold
ms Of securities, demand sterling was
lssin weak yesterday, the maximum de-
line amounting TO one-half of a cent
4 q pound. The report that the syn
;isste in charge Of meeting the city's
;sbt abroad had obtained exchange
,nough to complete its operations may
furnish an explanation of recent stead
ness in sterling exchange and the
present trend downward.
Call money was offered under per
.snt down TO 81, with 3% the ruling
rate There was little borrowing of
Fixed date funds, lut rates were main
aimed. Sub-Treasury operations are
.susing q hsvy drain on local institu-
lions, the less since Friday being some
l25,0OO0O0. In this time retirement Of
emergency notes amounted 10 around
n7OOO,OOO, and 100000 more was
burned in yesterday. The new war
taxes are also causing heavy payment
The Bank Of England yesterday pub
ished another rather poor return.
Loans were expanded and deposit liza
Sili'ies we're much heavier, idle funds
u outside Institutions lodged with the
bank increasing over ell 100000. At
hs same time gold fell off 100000,
but 100000 had been reported set
iSids for note redemption. The reserve
vas about 29B per cent, against over
IN the week before. The London
stoek Exchange was reported rather
unsettled while waiting reply Of the
lovernment to its proposition for re-
flrinO opaufrv