New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-15
ALL STOCKS now
ON THE EXCHANGE
The Successful Reopenln0
Causes Authorities "a
Broaden Trading List.
FOREIGN SELLING
NO LONGER FEARED
Prices Continue Saturdays In.
ward Swinging Business
Through Clearing House.

A persistent display Of stren,,,
the stocks that were placed a. ~ "a
Stock Exchange last Saturday for ,s as
trading under the regulations -,
scribed by the Committee OF Five s "s,
the largest single days business W..
recorded for the issues which w.,s
retained in the exchange cl.ar;ns
house, led the committee Yesterday -
rule that beginning to-day all lis,sS
stocks can be dealt in on the sSi.
board" the only restriction heinz rs
in the instances previously specissS
minimum prices will still remain IN
force.
This ruling will probably be the ls,.
by the committee since il asspr,sj
charge of the affairs Of the exchanss
following the closing on July 81 a. =
special meeting of the board OF CIV
errors has been called for TO-DAY =.
which it was understood yestsrdsv
power will be granted il to dissolve
When this has been done the tssk a,
enforcing she minimum price reruIs'
tions will devolve upon the clesrine
house committee, which is a stspdjns
body.
In view of the fact that the comui,-
tee of Five felt last week that esr,.,,
stocks, including such international IL"
sues as Canadian Pacific, Baltimore a
Ohio, New York Central, Southern and
Union Pacific, and United Stst,, S,ssI
should not be withdrawn from Ia s,ocS
Exchange clearing house imnsdistslv'
yesterdays announcement was hailed
as an indication that ell fear Of hsayv
domestic or foreign liquidation had
passed. This feeling was further A..
tested 10 by the demand for the major.
ity of these issues. About $1,000
shares was the amount Of business
done through the clearing house
Union Pacific closed at 100, compared
with III, Saturdays close; Southern
Pacific closed at S7&, a gain Of 3%,
and New York Central closed at slA,
a gain Of ia. Steel closed strong at
san, compared with the recently es-
tablished minimum of AZ. In fact |.
was said that nearly all the important
issues dealt in through the clearing
house were we'll above the levels below
which trading was forbidden.
While the feature of yesterdays de-
velopments in Wall Street was the
decision of the Committee Of Five TO
transfer all business in stocks 70 the
floor of the exchange, this was for the
most part brought about by the con-
tinued rise in the shares in which open
transactions commenced on Saturday.
Prices opened generally = to u a
point above Saturdays closings, and on
active buying resumed last weeks up
ward movement Long before the day
was over, advances Of 3 70 5 points
had been made in such stocks as Read.
ing, Northern Pacific, Amalgams'ed
Copper and Lehigh Valley, with nu-
merous gains Of | 10 points else
where In the market. The losses sus-
tanned in some issues were only frae-
tional and were few and far between.
Comment Of bankers and brokers on
the continued appreciation IN security
values yesterday over the July ~
prices showed a spirit Of optimism that
could not be put down. While " was
thought that a part Of the buying De
mand was due 20 short COVERING the
belief prevailed that the strength DIS
played by the market was real: because
IF the continued scarcity OF stocks,
which was even more apparent than on
Saturday.
Dealings on the Stock Exchange yes
terday. the first full days business IA
shares since July 80, also marked 'ne
resumption of a normal call money
market, as no call loans are mace On
Saturdays. Between s6,OOO,OOO ana e.,
600 900 was lent at rates which EuIel
at 81 per cent but went as low as
per cent. Because of the appreelsuOn
in the securities deposited with 700
banks as collateral for call losns ses'
eral brokers took particular ssusias'
ton in drawing down their margins.
This will have a tendency 70 sloN
the members of the exchange 70 aG.
ment their commitments, because W..
added collateral they can increase '''U
demand loans.