Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-12-13
Great CROWDS SAW
STOCK EXCHANGE Open
MUCH ENTHUSIASM WAS
SHOWN AT OPENING
OF MARKET
Nearly All Stocks Showed Sub
Stautlal Increase Over the
July 30 Prices.

NJ EW YORK, Dec. l2.-The stock
~ exchange today resumed it's reg
ular functions as one of the leading
financial markets Of the world. The
resumption was accompanied by .
display Of much confidence and en-
thusasm on the part Of the members,
many OF whom were in attendance.
The galleries were crowded with in
tcrestod onlookcrs.
Prices of almost all the stocks In
which trading was permitted opened
well In advance Of July 80 closing quo
tations and gathered greater momen-
tum as the two hour session pro-
crossed Many substantial advances
were registered. while declines were
few and unimportant.
Trading was on the restricted basis
fixed by the officials Of the exchange.
1t was confined to little more than
One-quaTtcr Of the total number or
listed and approved stocks and was
strictly for cash. This iueXorable rule
applied to all transactions except In
share The business was further cir
cumscribcd by the absence from the
regular trading list OF number OF
international favorites, such as Union
Pacific, Southern Pacific, Canadian
Pacific, Great Northern, Baltimore q
Ohio. New York Central and United
States Steel.
Feared Foreign Selling.
thorities in keeping these speculative
fayorites out OF the open market had
its origin In the knowledge that they
are largely held abroad and their un-
restricted offering It was feared might
invite an avalanche OF selling orders.
As matter OF fact, today's brief
session was surprisingly CONSPICUOUS
for its lack OF selling pressure The
movement was mostly the other way
and no small part Of the rise might be
attributed to covering of short CON
tracts dating back to the latter part OF
July In addition there were many
signs Of Investment demand, particu-
larly in the railway group and in some
of the industrials whose products have
been in greater demand by reason Of
the foreign situation.
Prices Rose Steadily.
Prices were inclined to ease of after
the first bullish outburst and for q
time the movement suggested wait
ing attitude on the part of the buyer
and seller When II became evident,
however, that stocks were In genuine
demand. another buying movement set
in, prices mounting steadily to tho
close
Total transactions in stocks amount
ed TO about ono hundred and fourteen
thousand shares with bond sales (par
value) at around 100000. The
most active stock was Reading. that
issue retaining It's leadership for the
full two hours with an exchange Of
over twenty-three thousand shares.
Amalgamated Copper, Erie American
Can, Lehigh Valley, some of the les
ser coppers and the local fractions
helped swell the total.
Conspicuous gains were as follows
Reading 10 points, Lchigh Ia IL,
Atchison 7-S, Brooklyn Transit
IA. Erie common and first preferred
and d. New Haven ga Northern
Pacific IA, Toledo. St Louis q
Western preferred IA
The most phenomenal movements
were In such specialties as Texas oil,
which rose 2l SIS, and General Mo
tors, whose advance was q Is.
Declines were few and relatively
negligible In their extent They were
mainly In the shares Of the southern
transportation companies, whose IN
comes have been materially affected
by the cotton situation. Southern Rail
way, common and preferred, yielded
/ IA and 1-2 respectively.
Quotations returned by the stock
exchange clearing house showed a gain
OF IA In Union Pacific, with frac-
tional losses I'm New York Central and
Canadian Pacific.
Prices in bonds I'm the open market
generally followed the course of
stocks, but these securities was less
expansive