Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-11-13
MAY SOON ALLOW
LIMITED TRADING
ON N. Y. EXCHANGE
Financial Community Has
Word That Transactions
Will Be Permitted on Floor
in Many Bonds.

That authorities Of the New York StocR
Exchange are arranging to resume busi'
nes9 soon with limited trading was the
word the Street had today 1t was said
that an order will shortly be Issued per-
hitting transactions in Government, pub
lie utilities, municipal and number Of
other bonds on the board room floor.
Brokers hold that action Of this sort
would only be natural in view OF the
improved sltuation and the cutting down
of restrictions OF trading. both in this
city and New York 1t can no longer be
said now that the Improvement In the
situation is proceeding quietly. rather the
changes for betterment are at times very
pronounced.
AL the markets today were active and
strong. with bids on the new street curb
for Union Pacific at tiih, Brooklyn Rapid
Transit al 80 United States Steel common
at ~, Pennsylvania at I03 and Reading at
1874 without reaching a supply.
After midday further advances were
made in the open security markets. Read
ing was in demand at 1877, with none for
sale at that price. Brooklyn Rapid Tran
sit bids were advanced to S0h. Other
quotations were Amalgamated. 45k Erie,
1ih Southern Pacific, sOH, and Tennessee
Copper. 2IIs.
Further material gains were made by
Standard OIL Issues on the curb. Prairie
OIL. which n few days ago sold for $40,
continued Its upward movement and sold
Mt $40, Standard OIL OF Nebraska was
quoted at 305 bid. Standard oil of Indiana
at t55 and 465 and Ohio oil at 165 and
1c5d6S. There was firm tone to the
curb indLstrlals with British Tobacco at
15hdl6. Profit Sharing at 12h and Riker
Hegeman at ~.
There was supply Of both call and time
money at 5h per cent. In New York far
in excess OF the demand; Kuhn, Loeb
and Company have reduced all of their
call loans to ga per cent. and New York
institutions today loaned months money
at 81 per cent.
The publication of quotations and the
unrestricted buying of public utility
securities caused general improvement.
The preferred stock of the Common
wealth Power, Railway and Light Com
pany advanced ia points over yesterdays
close, American Light and Traction COM
mon gained points in bid price, Amerl-
can Gas and Electric advanced 2 points
In BIZ price in as many days, Western
Power common improved and Cities Ser
vice was unchanged,
A seat on the New York Stock Ex-
change was sold for s3S, 900, an advance OF
$1,000 from the last previous sale. For n
scat on the New York Cotton Exchange
5000 was bid. compared with a sale at
5000 yesterday and the last previous sale
of $1,000
The approaching change from the pres
ent national bank to the Federal reserve
system will necessltate changes In the
New York bank statement, and the state
ment tomorrow will be the last under the
present method.
More inquiries We're noted in the local
market today. The inquiries. however,
were more for bonds than stocks, al
though several sales of stocks were made
U. @. /. sold at rs, Pennsylvania at 5O54
and Philadelphia Electric was quoted at
2lSsN21ls. Reading general mortgage Is
were quoted 90hG9l. Pennsylvania 49, 1913,
9s&a96k Northern Pacific As S9MdS9%.
and Norfolk and Western convertible 4hs
eSsidA6iz.