New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-12
STOCK BUYERS
AWAIT OPENING
Indications Favorable for
@To-day's Resumption
of Trading.
o,IMOR OF RATE
NJ" RAISE A FACTOR
...,,l Improvement in Prices
Noted in Yesterdays
Business.

ling orders in the possession
Win g.ss;oS houses largely IN excess
o. co11.ss' or8ers and reports current
d SEM cs-e that the decision In 'he
vkieh -ss-.e;ght rate advance case WliI
Ess:sn .bie 10 the railroads, to-day
b ii'o'sSSt The Stock Exchange Tor re,
op.s.a.s trading in shares IS eNpeC.eu
sfe.' ,iece under circumstances sa'-
. use - 20 10 the Wall Street interests
ia sag ave paved the way for TINS I'M
peI;a1a,, ss details necessary TO the
Al 'r ,,i1c of trading IN stocks on
snos.n ~ the exchange were whipped
ne icy. shane Yesterday with the
i'io -.a bv the special committee
P9oAoo@...sS, be minimum prices OF those
o :" which will not be allowed 70 sen sl
80, ~. eyed levels. or the llst IN ~hi men
Nv +-sS;ng will start to-day liz sun
W. corrections. while the remain
ran Sssienated as free or without
q A,s CS as TO trading. A table
's'.l.., ,ss full list is shown elsewhere
% 10 lns .onmittee Of 1--WE also decided
ia npblic Yesterday the minimum
...ss Of the stocks when VIII con
..s 10 be traded in through the StocA
y ~ Clearing House oeginnlng
s !. Vopssy This list is also puohshed
ei Is ~ majority Of instances the
~ Tyebange authorities have Wld-
80 -. rsrre Of prices IN the stocks
- ave 10 be traded IN openly as
IN III a. through the clearing house.
~ ~ has been done by lowering the
-;,inum levels from fractions OF
,oi,t 10 as much as four points IN the
80 NJ the Consolidated Gas company
s-onc those which are lowered below
t. J5lv 30 prices are the following
;..,o,-snt issues: American Can Com
-.rv common and preferred, American
i.s Securities Company. American
Spvsr Refining Company common and
,-sfsyred. American Tobacco preferred,
American Wooden preferred. Bethlehem
S,ssi nrsferred. Brooklyn Union Gas,
Chicago. Milwaukee & st. Paul, Corn
Products preferred, Erie nrst pre-
i,rr,S International Harvester, Kansas
city Southern. Lehigh Valley, National
Biscuit. New Haven, Norfolk & West
am North American Company. Penn
svlysris Railroad. Reading, Third Ave
rus. Utah Copper and Western Union.
Among the stocks the dealings IN
which will continue % go through the
srehsnge clearing house and the mimi
num prices Of which have been low
cred below the July 80 levels. minus
he last dividend in cases where dlvl-
bends have been declared since that
tine. are such international issues as
Canadian Pacific. Big Four, Delaware
{ Hudson. New York Central and
Union Pacific
The effect Of the reports from Wash
irgson that the Eastern railroads may
receive a 8 per cent increase IN rates
in The near future was manifest yes
iGaSy in the business that passed
through the exchange clearing house.
There vas q general Improvement IN
pless those made public after the
Goss o. the market exhibiting ad-
Tsaces over the 1880 o'clock quota
tions.
One Of the factors which FASTENED
he resumption Of stock trading was
the great increase In the business
which passed through the clearing
house. This was indicated in the re-
cent decision Of the committee Of five
% permit the odd lot dealers 20 make
their own market before to-day.
Shortly after the Stock Exchange
closed on July 81 trading in stocks was
limited 70 very small amounts In re-
cent Gays one days business has
ioislist as high as 10000 shares, which
Is an indication that open trading
'hosld be in much greater volume.
While to-day reopering will be con-
Ads'sd largely in the nature Of a test,
i.poriant financial interests are conf
cent that Stock Exchange business will
o earned or so successfully that the
present restrictions viii soon be aban-
eonsc