Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1914-11-29
NEW YORK STOCK
MARKET IS OPENED
Exchange Resumes Operations in a
Tentative Way, with Only Cash
Trading for Bonds.
BUSINESS A LITTLE SLUGGISH
Practically All of the transactions
show slight Losses over the
QuOtatiOns on Close OF
July 80.

NEW YORK. Nov. 2s.-The New York
stock exchange resumed operations in a
tentative way today for the first time
since July 30. last. when the foreign stu
ton, already tense. caused the cessation of
kets in the world. Trading was restricted
to bonds for which. in all instances. mimi
mum prices were established.
All transactions were for cash and every
effort was made to exclude foreign SELL
ing. The attendance on the floor Of the
exchange when the gong sounded at 10
O'Clock was unusually large.
There was little business at the outset
of the session The first transaction
recorded was the sale of five bonds OF
the United States steel corporation at s9%,
a decline of TX from the closing price Of
July 30 The next transaction was the
sale OF five bonds of Dlstillers' securities
SIS at Sc. an advance Of 81 Then fol-
lowed the sale of a single Chesapeake &
Ohio bond at a decline of ~, with later
offerings of small amounts OF such Is
sues as Southern Pacific convertibles Ray
Consolidated IS, st. Paul general
mortgage 4Iks and Northern Pacific As.
These showed declines ranging from a
substantial fraction in Southern Pacific
to SN and the issues already named at
declines from the first record prices. The
total amount OF business for the first fiji
teen minutes OF the session was s123, 900
par value. V
Largest Sale OF Session.
The largest single transaction was the
sale of twenty st. Paul general mort
gage 415's at a decline of "a.
After the first fifteen minutes trading
lapsed into extreme dullness, with q mix
ture OF gains and losses. St. Paul con-
certibie 4h's were up III. while Southern
Pacific convertible AZ gained y and Gem
trail Leathes Sc rose \ per cent In
United States government issues bid
prices were down to 2 points. with an
actual sale of registered as at a decline
of Ia.
Selling pressure about which there had
been so much apprehension did not ap-
pear during the first hour, much to the
satisfaction of the financial district. In
stead many brokers said they had COM
missions to buy five or six bonds against
every one they had to sell.
A subcommittee OF three OF the COM
mittee OF five sat at tables close TO the
bond platform for the purpose OF fixing
minimum prices for inactive bonds or
making any changes which might become
necessary in the announced minimum quo
tations OF active issues.
Declines In Final Hour.
Declines were recorded in the final
hour. Lorillard 5s and rs falling 2K and
~, respectively. while Southern Railway
as broke six points. Seaboard Air Line
adjustments nine points and Wabash
firsts 81. Atchison general as dropped
IL and Erie general as 2h. Minor re-
cess.ons were MADE by Burlington joint
AS and Reading As. while Lake Shore
debentures of 1891 broke rs.
The heavy losses sustained by such
issues at SeaboRrd, Southern Railway
and Wabash indicated that the author.
tiles of the exchange had virtually re-
moved all price restrictions In the more
obscure bonds.
Among the few additional gains were
Bethlehem Steel SIS i%, American Tele-
phone and Telegraph convertibles ~
New York railways adjustment SIS ga
Brooklyn Rapid Transit Sc ~. Texas
company convertible 6's ia. and ROCK
Island eollaterals as 19s.
The total business for the session
amounted TO s644.OOO par value with $500
IN government bonds.