New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-31
FINANCIAL RECORD
HERE and ABROAD
Security Trading at Low
Ebb-Western Maryland
Issues Decline.

The securities market yesterday was
almost stagnant, the amount OF DUST
ness done being the smallest FIVE hours
Of trading for years. Price changes
generally were Of fraction ana III
such a market we're for the most part
NJ little significance. Bonds were more
actively dealt in than stocks Win
prices generally steady. Money con-
tinued unusually easy for the closing
DAVIS Of the year, and the foreign e"-
change market was quiet, WIN ra'e'
for sterling little unchanged -.
Western Maryland issues were We"
as a result of the announcement an". -
terest on the Sl6,OOO,OOO oil ho'eS a.e
tnr;no July / would not be paid. Note
1870 have organized 70 assist the
comnanv in readjustlng lts capilai on
legations and arranging for segregation
81 its coal and terminal properties
Tho Furopean war disarranged inc
comnanv's plans, as there are large
boldings of it's securities IN OethaH!'
and business depression rebuIteu !"
lower earnings than had been expecteu'
The Pittsburgh, Cincinnati, ChlcagV
g. St Louis declared semi-anhuaI
dividend on the preferred STOCK al 1ne
I'll - of per cent for the year
sfter having been obliged TO reduce
a. animal disbursement TO q per cent
in 1914 The dividend on the common
Nos again omitted. Control OF the roau
"a owned by the Pennsylvania Con-
nanv a subsidiary of the Pennsylvania
Railroad, which recently cut us oiyI
dend The Delaware & Hudson De
cIared It's dividend OF per cent LOT
the wear as usual.
Money for market purposes oo On
tinued abundant, with no pressure loi
end of the year financing iinle "o
eommodation was IN some iii ms a'57
offered at 3& per cent, WINE coz. 10
reneyed a little higher at .. Sterilhe
exchange opened steauy anu '"
day little changed. -. mind
The city loan syndicate began VINO
;ro nm its affairs through Distribution
20 the subscribing financial institutlohs
80 Tho full Q per cent profit on payment
- New Works. debt abroad. EXcnahge
rates were so lowered before opeIa
lions were ended that over S4OO'Voo, II
- ,,dorstood. will be returned TO the
IL This represents profits above the
o nor cent agreed upon, arising from
nurcbase of exchange below the sVipu
In Par;. number of the princlpa'
bonts announced that they would no
longer take advantage OF the Hi ti
torium ON deposits, and the resulting
incroase of confidence should ard gov
eminent borrowing. Security traulhs
in Tondon was quiet IN anticipation VI
roepmntiou of business on Monday anu
because of the approaching hoIloaSii
Discount rates in the British caP''S'
From the steel trade was reported an
advance IN the prize OF bars structuia,
shapes and plates. some increase
mill operations is predicted LOT Jan
arv. with a gradual enlargement II, p'e
iron production. The amount OF ran
wav orders TO be placed carry III '"o
wear is still question. 60.
The Presidents protest 70 urea
Britain against the way that eou"oiS
is enforcing cOntraband regulations ny
narentlv proved a surprise to the BIN
iSb nnblic Here il is expected 20 re-,
s,,it nrincipallv in furnishing GROUND
for damages after hostilities are ended.
Recovery on such claims has IN the
ros+ nroved n slow and tedious process
Nore Immediate relief 20 Shippers
would no obtained should the govern
ment accede 10 the request OF those
who ask that the federal war insurance
bureau accent risks on vessels or othet
neutral countries Yet the wisdom OF
such a step is debatable. Al pest lilc-
ZION over our commerce must be eN-
pected to arise during the war Inns
would be more serious should our gov
eminent be financially interested IN
such disputes.