New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-15
FINANCIAL RECORD
HERE AND ABROAD
Advance Continued, with
Coppers Strong - All
Stocks Open To-day.

The display Of strength on Saturday
in the list Of stocks thrown open TO
public trading was followed yesterday
by an influx Of buying orders that car
Tisd on the upward movement The
s,nnIv of stocks was still small In
,pits Of the advance. Covering by the
short interest, which now appears
larger than had been generally sup
posed, aided the improvement. Bust
ness through the Clearing House was
enlarged at higher prices. In the early
afternoon Stock Exchange authorizes
announced that to-day all stocks could
be dealt in on the floor. Following this
announcement there was a little hest
tation in the open trading, but prices
were we'll maintained. The close was
not much below the best of the day,
with gains Of from TO q points anu
over fairly common among the active
;ssues The total OF the days business
in and out of the Clearing House
reached about 100000 shares, of which
some 225,OOO changed hands on the
floor. Lib
When the Committee Of Five, which
has been in charge of security dealings
since the close Of the exchange, IS DIS,
charged from its duties by the board
~ governors 10 will be entitled 10
hearty congratulation for the success
mi outcome of its efforts. Having had
Al it's disposal wide information as 70
buving and selling orders, II has
known of dangers which did not be-
come common knowledge. Perhaps TINS
has made il overconservative, but the
outcome has justified the gradual
course Of resumption decided upon,
Yesterdays dealings on the floor
opened with 9 general fractional ao-
vance, which was carried turtner 30
stock failed TO be offered with any
freedom. Copper shares were PsrIlcuu,
isrIv prominent- Though export Is stu
i;ght domestic buying Of the metal
has improved Of late, and the price
was Arm yesterday here and in London.
Amaleamated led in the upward move
ment' with a good volume Of trading
at its best being more than points
above Saturdays close.
Railroad shares were also strong
Renorts of a favorable decision in the
freioht rate case to be handed down
before the end of the week were even
more circumstantial than on last FIJI
dav and Saturday. An order allowing
rates 20 be established without regard
20 the long and short haul clause so
that carriers in Central Freight Asso-
citation territory could take advantage
Of the advances in certain COMMONLY
tariffs allowed last summer, seemed 70
furnish some confirmation OF more
favorable attitude on the part OF the
n.
Reading. New Haven, Lehigh Valley
and Pennsylvania made good gains, and
New York Central advanced sharply IN
the Clearing House, while rallroads
outside of the Eastern lines also I'M
nroyed. The international list again
showed no sign of European hqulda-
ton. a.~.
almost overwhelmed the committee, and
selling orders were withdrawn. Ana
conda and other copper stocks I'M
uroved with the course OF those oealV
in on the floor. Final quotations from
the Clearing House were in many IN
stances considerably above those re-
norted after 1 o'clock, with exception
ally high asked prices on a number OF
active issues. Steel appeared at last
and closed at 54l9, against olS on
July 80 Bonds were trlne nImer'
The total business, over S2,5OO,OOO par
value. was greatly in excess OF any day
since open trading was resumed.
In London American shares were
6rr and the success of reopening our
Exchange encouraged expectation OF
renewal of business in the British cap
ital around the first Monday in Janu-
arv. Foreign exchange rates here were
easier. with the decline in marks con-
tinued. Call loans. with free trading IN
stocks. have at last become liquid, and
the renewal rate of Sl2 per cent made
on the floor yesterday was generally
applied TO new loans. On outstanding
contracts the tendency was TO get IN
line with the new business.