New-York tribune., 1914-11-28
Paris BourSe, Following
New York'S Lead, Re
opens December 7.
PHILADELPHIA DEALS
IN STOCKS MONDAY
Reading Among the Is
sues That May Be
Traded In There.

while special committees Of the New
Work StocN Exchange were completing
arrangements for reopening the eX-
change this morning for bond trading
sour announcements. important as
chewing worldwide Improvement il
b,spess conditions, were made: These
we're;
The French Ministry decided 70 re-
open the Paris exchange on Deeem-
Der T.
The governing committee Of the
Philadelphia Stock Exchange voted to
reopen the exchange on Monday for
.radinc in all stocks and bonds not
listed here.
The Washington stock Exchange
voted 20 reopen on Monday.
IN the House OF Commons David
Ilovd George. Chancellor Of the EX-
,.souer. announced that the British
war loan Of Sl.75O,OOO,OOO. the largest
loan ever soated, had been heavily
ovsrsubscritcd. a feature being 100000
individual bids for small allotments.
The rcopen.ng Of the philadelphia
eysbance. SIS 81 present arranged for
will oper the doors 10 the first test OF
.be foreign pressure 20 sell stocks that
las beer so much feared by those VINO
have opposed the reopening Of the New
York Stock Exchange in all its depart
ments. The announcement Of the Phil
adelphis governors says:
"l. viii be noted that permission ls
not granted 20 trade IN securities listed
on the New York Stock Exchange and
heretofore dealt in on the Philadelphia
Stock Exchange by virtue Of being
listed on the New York Stock EX-
Asnge"
This bars sucn issues as Amslga-
mated. the Harrimans and Steel, but
permits trading ia Readings, one Of the
great international speculative fa-
vorltes. and in American Telephone and
Telegraph. which IS largely held
abroad
I'm al. these twenty-five issues listed
in New York may be dealt in on the
Philadelphia board;
Central Of New Jersey. Pennsylvania,
Pittsburgh. Cincinnati, Chicago & st.
Louis, same preferred. Reading, same
1st preferred, same Cd preferred
Texas & Pacific, Philadelphia Rapid
Transit. United Railways Investment
Company. same preferred. Virginia
Railway and Power Company, same
preferred. American Cities Company
preferred. American Telephone and
Telegraph. Baldwin Locomotive Works,
same preferred. Central Coal and Coke.
same preferred. Electric Storage Bat
tory common, Philadelphia Company,
same per cent preferred, same 6 per
cert preferred.
Stock Trading Here Expected Soon.
With every prospect that to-day's re-
sumption Of bond trading on the floor
Of the local exchange. after an absence
Of seventeen weeks By the members,
would not be followed by an avalanche
Of selling orders from abroad, the feel
ing increased yesterday that it would
no' be long before stocks were added TO
the list, with necessary restrictions
20 prevent any abnormal foreign liqui-
dstion. There arc approximately sew
enty listed stocks which are selling at
prices above those quoted when the
exchange closed its doors, and il IS in
these issues in which il is thought the
trading could be broadened, as the
European Investment ia them is small.
Purchases and sales Of these stocks
are now going on through the official
Stock Exchange clearing house, and the
trading d. in good volume Upward OF
10000 shares were transferred ON
Wednesday. and yesterday it was un-
derltood that the trading was even
pttlei. Normally the NOluinc OF DoHN
business reaches from S3,O0O,OOO to So
Oo0,OO0 daily. which is equal TO "a trans
Ter Of from 5000 to 5000 bonds.
Reversing rs decision OF Wednesday
me special committee of FIVE announced
yesterday that bond quotations would
pc printed on the ticker tape from the
s'srt Previously il had been decided
vhy 10 publish the first few days quo
,sSuons on the so-called official sheets.
Ihe change was commended as an IN
ueenor Of the committees desire 10
s'lFe The public to IT'S best advantage.
pne OF the iormalities made neces-
,ay by resumption of bond trading on
'e moor Of the exchange to-day was
.e cancellation yesterday al o'clock
y, a.l orders BOO listed bonds and notes
rnlch mad been fled at the exchange
clearing house.
me prices beneath which trading
l not be permitted viii be made
sf"OEh TINS morning before the opening
VI business al 10 o'clock However, as
fodSS maniestly impossible that the
WV or more issues of bonds should
eCh nave prices iXed for them. il is
"ueistood that all issues will be
, oeslhed INTO groups representing rail
... .ae ponds, Industrial bonds and public
sIY bonds. One group may be low
80 possibly points, another points
another points below the July 30
Continued on page 3. column