Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-12-12
OLD TIME SCENE WITNESSED ~
REoPENlNo OF NEW YoRK Il
EXCHANGE ropAx.
MARKET OPENS WITH Rustse
OPENING PRICES hioHRW
Swing Upward In Prices lnausurl
Activity After Four Months q d
ness-Estimatss That 5000 chs
Change Hands-Mariesd Advances
Some speeiaitiss.

into its own today. Tho stock
change. closed for nearly four and
half months except for limited trs
ing In bonds during tho past two wee
was opened this morning for aoti
trading. one hundred ninety-two issu
were approved by the governors I
trading and tho other issues we
barred, notably United States steel, q
ttvity on the floor Of the exchange r
vived memories Of ten years ago. Noel
for many years has there been such u
throng OF brokers on the floor as thAt
which awaited the signal to resume
trading. There are LOO members oe
the exchange and nearly 700 Of the0o
were on the fioor. Many others smiie0
down with their families and f.iend6
from the members gallery.
The visitors gallery. across the wey
on the west side, WAS thronged. Hal9
of the hundreds who gaxed down on
the floor were women. The flrst chime
OF Trinity's church bells at 10 O'Clock
has long been the signal for founding
the opening gong on the floor. Al the
church clock struck q wave of cheer
as the brazen gong rang out Tho
for many a day.
Market Opsns With Rush.
Almost before the gong ceased ring
ing and the cheer had died down 70
hum, the hundreds Of brokers were
grouping themselves in knots around
the trading posts. The. galleries gased
down in dwindling interest and slowly
began to empty. Within the flrst tan
minutes the floor Of the exchange va
white with paper snow-the torn frae-
ments Of thousands Of memoranda,
There w; hardE 0csd. H 3sHned.
during the A.St NV Nv iainufel II trtd.
Ing. for tho posting Of the minimum of
prices. The market opened with :
rush and old time upward swing that
sent the principal interests whole
points above the rock bottom figures
determined upon by the COMMITTEES in
advance There was one feature. how
ever. that was not at all In keeping
with the big days Of moro prosperous
time and that was the small volume,
OF single trades. The trading was
large in blocks from 100 to 200 or 800
shares but most Of It was In blocks
under 100 shares.
Trade in Reading Heaviest.
Around posts IL and II the crowds
were thickest. At these posts Reading
and Coppers-such OF them as were not
barred-were bought and sold. Alth0
the trading was most active there the
volume continued to be small. few
single lots of more than 800 shares
changing hands. The largest single
transaction recorded was a sale Of
block of i.400 shares OF Reading. Thi&
stock opened at more than FIVE points
above the minimum prices.
Notwithstanding skyrocket advances,
trading seemed to assume n cautious
tone. A gain of 26 points was shown
in General Motors. Many more active
issues. such as Lehigh Valley. Tenne-
see Copper American Beet Sugar and
Central Leather. showed gains Of from
5 n to 10 points. Some stocks declined.
notably Southern Railway preferred.
which went down az points from tho
opening. Trading today was only for
cash. In this way the governors sought
to curb speculation--and succeeded.
tho, ii was believed, at the expense Of
the volume OF trading.
Trade $4,000 Shares.
In the first forty Ave minutes II was
estimated $4,000 shares had exchanged
hands. This ordinarily would be poor
showing.
Altho opening trading on the floor
was forbidden In United States Steel.
Anaconda Mining and certain railroad
stocks held largely abroad, these is.S
sues were traded in semi privately un-
der the supervision of the stock ex.
changes clearing house and committee'
OF five. None OF the restrictions on
bonds in force In the past two weeks
was lifted. Bond trading was dwarfed
by the trading in stock. as was ex-
pected.
Business was stronger In the final
hour. Reading was the active feature,
increasing its gain to over eight points
Lchigh Valley gained IL points; St
Paul. 5A. and Northern Pacific 2x.
Sensational gains were also made by
other specialties. Peoples Gas Jumped
ii points. The closing was strong.