The Bridgeport evening farmer., 1914-12-12
STOCK MARKET
 REOPENS WITH
 UPWARD SWING Floor of Exchange Is Crowd ed Today for First Busi-
 ness In Four Months GENERAL MOTORS co.
 LEADS IN BIG GAIN Stock Takes Jump of 26 Points Over Minimum Set
 By Committee of Five

New York, Dec. 12-The New York Stock Exchanged re-openedt today for unrestricted trading in about 60 stocks and restricted trading in about 120.
 Not for many years has there been such a throng of brokers on the floor as that which waited patiently for nearly an hour for business was re- sumed. There are I, 100 mempers or the exchange and nearly 7G0 of these, it is estimated, were on the floor. Many of the others ssat, down with members gallery on the west wall. Half or more of the hundreds who gaed down on the unusual scene on the floor were women
 The first chime of Trinity church's bells had long been the signal for. sounding the opening gong on+the floor of the exchange, As the church clock struck a wave of cheering rip piled over the exchange and sWelled to a. vast roar as the brazen gong c1at- tered floisily in response. The volume of sound that echoed through the building has not been eqttalled for many a day. Almost before the me tallic echoes of the gong ceased ring ing the cheering had died down to hum and the hundreds of brokers were grouping themselves in knots around the trading posts The gal leries gazed down in dwlAdhng in- terest and slowly began to empty. Within the first two minutes the floor of the exchange was white with paper snow, the torn fragments Of thousands of memoranda
 An upward swing sent many issues whole points above the rock bottom figures determined upons by the com 1rlitee in advance. There was one fea- ture, however that was not at all in 44~sA- l17Q aicr days of more prosperous times and that was the small volume of single. trades Most of the trading was in blocks of 100 to 300 shares and much of it was in less than 100 shares
 Around posts Il and 12 on the floor of the exchange the crowds were thickest Although the trading was most active there, the volume con tfnued to be small, few single lots or
 more than 300 shares changing hands. The largest single transaction record < ed during the early trading was a block of. 400 shares of Reading. This stock opened more than points above the minimum price.
 Notwithstanding skyrocket ad-9 varces over the minimum, trading seemed to assume a cautious tone. The greatest gain noted was one or more than 26 points by General Mo tors. Texas Company came next with a rise of IS points above the mini mum, and many more active issues. such as Lehigh Valley, Tennessee Copper, American Beet Sugar and Central Leather showed gains from 1-2 to 10 points. Some stocks de eIined notably Southern Railway pfd. which went down 3 1-2 points from the opening figures.
 Trading today was only for cash. In this way the governors sought to curb specula.tion-and succeeded, doubtless, at the expense of volume. Within the first quarter of an hour it was estimated that 35,0oo shares had changed hands. This ordinar- fly, would be a poor record. The number of transactions, however, was vastly in excess of the ordinary, as most of them were for small lots.
 Although open trading on the floor of the exchange was forbidden in United States Steel, Anaconda, and certain railroad stocks, held largely abroad, these issues were traded in semi privately, under the supervi- sion of the stock exchanges clear ing house and committee of five.
 None of the restrictions on bonds, in force during the past two weeks. was lifted with the resumption of trading in stocks.