New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-13
INA NCIAL RECORD
here AND ABROAD
soeks Scarce and Prices
Strong as Trading
Starts on Floor.

=, trading in stocks, which had
T,snepded more than four months
49, OF panicStricken selling BY
E holders. TO which WAS added
sTss.ie liquidation, was resumed yes
~, With q pronounced scarcity Of
s'.s,,cs AZ prevailing prices. Foreign
EIs,ce rates were steady, giving no
ss.stion that Europe was taking any
s,tsnt part in the days dealings.
80 orders IN commission houses,
ssS,r commitments over the wires.
81. GOOD volume. Prices were well
w ~ close Of July 80. Railroads,
~ in the restricted trading
s-,b the Clearing House had passed
u,o the minimum Of the close on
- en- were notably higher, and in
LAS added 20 their recent improve
,be opening transactions were
,.Ilv AZ prices as good as or lit
Fhs,ter than in the latest official
&...ions. A slight reaction followed,
=. Ssfere the end of the frst hour re-
:" Rad set in. From then 70 the
~ the course OF the market was up
Active issues advanced hall
.s,rf A. d tlmc. A~NNlHNiif AN 80 o.
md Northern Pacific each jumped
~ .oipt and ST. Paul two points on
- sales. The Improvement was
= maintained. final prices being at
: ,ssr the best of the day
VIE II is true that purchases may
=. .ane extent have represented cover
:, AZ short commitments. the advance
none the less impressive, IN the
.ssolu;e lack Of selling pressure. For
800 after Northern Pacific had
sss-sreed 10 par q bid OF 10l a was
-,5s without meeting an offer. Sucn
:..s-pational issues as were included
!. .sst the market were decidedly
...0ne Erie. widely held abroad,
,si,S had not been traded in through
=, clearing house. opened at the clos
h. figure Of July SO and improved 2
,oipts. Reading. which mad been ad-
u,sing in the restricted dealings. vas
odd active. and ended the day 4
,ertS higher than the last reported
,r,ssaetion on Friday. St. Paul was
rrrlv 5 points above Fridays hnal
care. and Gains Of around = points
vsre recorded in Atchison, Copper, Erie
Isl preferred, New Haven and Penn
Eiysnla.
With Union and Southern Pacific. Bal
more & Ohio. New York Central, Steel,
.aradian Pacific and Anaconda not yet
admitted 20 open dealings, the volume
AZ business transacted 10000
,ssres-was excellent. This week mem
bsrs will be more accustomed to the
re.hOd by which business is done;
ceilings viii be easier, though yester-
Ssy the expectation was that stocks
would probably steady. as did bonds
WIEN they were released. The bond
nsrset yesterday was fairly active,
sveealstive and convertible issues tend
sg 10 follow the upward trend of
stocks Dealings in stocks retained in
he clearing house were comparatively
qrist Price changes here were irregu-
ar and OF no great extent, save IN
Cncn Pacific, which improved nearly 2
pents
Nonetary accommodation was, Of
coarse. ample for market needs. Clear
Ag House institutions at the end of
ne wees had made a small loss in sur-
ylus Of around S2.500,O0O. Loans in
creased about $250O.0 900 and deposit
liabilities were a little heavier, demand
assosits increasing S6.O00.000 and time
l0e00 With a loss Of some 3d.
esl80 In reserve in vaults and in the
regional banks. surplus was reduced
sbsgt g 5G0.O 600. but still stands at the
sigt figure OF nearly $4,000, 600 Fed
szl Reserve members Of this district
ssdEeed their rediscoun-s by about
81 oE900