Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-28
HEAVY TRADING, WITH SMALL
PRICE RECESSION, MARKS
EARLY TRANSACTIONS.
TOTAL BUSINESS OF SESSION
REACHES $4,000 PAR VALUE
Declines in Many Securities During
Late Hour Of Tradins-ssllins Pres.
sure Which Had Been Feared, Does
Not Appear Until Near Close, and
Thsn Not TO a Noticeable Extent.

exchange resumed operations in a
tentative way today for the first time
since July 80 last, when the foreign sit
uation, already tense, caused the ces-
sation of business in leading financial
markets of the world. Trading was re-
stricted to bonds for which. In all In
stances, minimum prices were estab-
lished. All transactions were for cash
foreign selling. 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 OUT
set Of the session The first transac-
ton recorded was the sale Of five bonds
Of the United States Steel Corporation
at 99N, decline Of 1A from the clos
ing price of July 30. The next tran
saction was the sale OF five bonds OF
Distillers securities shillings, at 56. an
advance of 31s. Then followed the sale
of single Chesapeake & Ohio bond. at
a decline of 1 Y. with later offerings Of
small amounts Of such issues as South
ern Pacific convertables, Ray consol-
idated skies. st. Paul general mortgage
Az shillings, and Northern Pacitics.
These showed declines ranging from a
substantial fracti on in Southern Pacific
to 3M points in Ray consolidated.
There were other sales Of steel and
DistiIlers and the range was from the
declines named to former prices
Early Trading 10 Heavy.
m ne to-, -
teen minutes was $123.000 par value.
The largest single transaction was
the sale of twenty st. Paul general
i2A.
After the first fifteen minutes trad
ing lapsed into extreme dullness with
converteb BILE 4 X shillings were up ~,
and Central Leather rose ~ per cent.
Selling pressure. about which there
had been so much apprehension. did
not appear during the first hour, much
ito the satisfaction of the financial dis
trict. Instead, many brokers said they
had commissions to buy five or six
bonds against every one they had to
sell.
A sub committee sat by the bond
table to fix minimum prices or to make
any changes necessary at the an
nounced minimum quotations.
Declines Recorded in Final Hour.
Declines were recorded in the final
hour. Lorillard shillings and shil-
lings fell 2M and 4ss points respective
ly. while Southern railway 4 shillings
broke points, Seaboard Airline ad-
justments points, and Wabash firsts.
5N. Atchison general shillings
dropped IN points. and Erie general
1k and 21s. Minor recessions were
made by Burlington joint. while Lake
Shore debentures Of 131 broke rs.
The heavy losses sustained by such
issues as Seaboard, 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 additional gains were
Bethlehem steel shillings is: New
York railways adjustment 5 shillings,
2M; Brooklyn Transit fives. IL; Rock
Island collateral fours, IA.
The total business for the session
amounted to S644.000 par value, with
$5, 900 in government bonds.