Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-16
Wall Street Markets.


1885, this afternoon.
Wall Street Markets.
The action on the New York exchange
was less pronounced this morning, but
IS said to be satisfactory to the hnan-
cial interests generally. The weak
ness SO evident yesterday continued for
an hour after the opening. but this was
followed by decided improvement in
tone and a recovery in price on many
OF the leaders of about one-half point
net from yesterdays closing.
The general comment on the heavy
selling of Steel common yesterday was
that it was by foreign holders, but
there were no evidences of liquidation
OF that character else where in the list.
Steel common was weak today, SELL
ing Oft to 50K from an opening at ST.
steel preferred was steady. Union Pa
cific gained Is of point, Reading q
and Copper y. these being the leaders
IN activity and strength. Pennsylvania
was also firm around yesterdays close,
while Lehigh Valley advanced IL
Baltimore and Ohio sold off to 6s1.
and recovered to 20.
The market became very slow after
the noon hour.
Local Securities.
On the local exchange, the bond
business showed considerable activity,
as compared with recent daily records
Interest was shown in Washington Gas
IS, because of the results of the pro-
posed sale of 100000 yesterday. The
first sales are at 1031a. one-half point
below the bid price of the last few
days. Later. 103as was bid.
Capital Traction IS moved sparingly
at 1861.
Washington Railway and Electric As
were weak. selling off to S0A from an
opening around S0%4 to ST.
Riggs Realty IS. long term, brought
101, with a small lot at 101 y.
Bid and asked prices on the inactive
issues showed fair strength.
The committe of five having IN
charge the affairs of the New York
stock exchange during the closure
period was discharged yesterday by
the governors of the exchange, who
gain assume direction of the organi-
zation.
The committee of five reported that
the crisis had passed, the financial con-
titions of the country having prac-
tically recovered to normal conditions
But the governors evidently do not be-
lieve that IT would be wise to remove
all restrictions and has appointed an
other committee of five charged with
the sole duty of establishing minimum
prices.
Financial Notes.
The Sloss-S Sheffield Iron Company has
declared dividend of Ia per cent
payable January 1, in script, bearing 8
per cent interest. The officials of the
corporation declare that the dividend
has been earned. but. because of exist
ing conditions, the directors deemed it
wise to husband the cash for the pres
ent.
Lehigh Valley Railroad Company. IN
the five months ending with November
has earned practically six and one-half
months dividend requirements. This was
accomplished partially by economies in
transportation expenses, which reduced d
gross decrease of s1S0.372 to a net de-
crease for the four months of but $916.
The Central Railroad of New Jersey
has declared an extra dividend of per
cent. payable December %, to sharehold-
ers of record December 10.
The directors of the American Sc
curity and Trust Company have de-
clared a per cent dividend payable
January II to shareholders of record
december 81
The Columbia Title Company will pay
a per cent dividend December 81 to
shareholders of record, December 81.