New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
AT Restrictions Removed,
throwing Market
Wide Open.
NAYS SALES BIGGEST
SINCE REOPENING
,.,iou. Following Announcement
Of French Loan, Taken to
Show Faith in Allies.

-. biggest days trading since the
s..,t Exchange reopened was followed
,,,,,rdsy by the removal of the peg
:, mich the governing committee has
.r.,teS certain stocks from selling
,.,,v fixed minimum prices. This re-
-. ,be conditions of trading IN the
,,,banse 10 the full freedom that eN-
;,,sd before the war.
The governing committees action
,,;cb affected al securities previously
.,,,,;e,ed. followed closely on the an
.,n,emept Of the conclusion of ar
easements by J. 7. Morgan & Co., the
y,,iopal City Bank and the First Ma
.;o,sl Bank for loan Of $5O,OOO,ooO
q, France H. the form Of French bonds
:, be offered TO the American public
Tss action was considered significant,
-. only because il had been apparent
q. veeks that danger Of liquidation
. longer existed, but also because one
.,,be bellieerert nations which is stili
large holder Of American securities
has adopted method of paying her
s.bt, tina. eliminates any fear that she
NAV sell American stocks and bonds
20 psv for goods bought here.
Sees Faith in Allies.
Wall Street also interpreted the ac-
,ion Is an indication of the commit
tees confidence in the ultimate victory
% the Allies. One Of the chief argu'
m.nts heretofore put forward for re-
tanning minimum prices has been th'
nossibjlitv Of a great German victory
which would upset the security mar
kets.
The decision Of the governing com
-i,tec took the form Of approval o.
rsolutions presented by the two spe
al committees appointed to establish
rinimums on both stocks and bon9s
Tho former committee consisted Of II
G. $. Noble. president Of the exchange
HK pcmr3y, Ernest Groesbeck, D. q
Ged3es ard S. f. STREET. Their resolu-
tion follows:
The special committee appointed by
tho governing committee on the 18TH
day Of December, 1914, for the purpose
Of establishing minimum prices belo"
which stocks could not be dealt IN or
,he exchange, are unanimously of tht
opinion that the necessity Tor suei
minimum prices 10 longer exists.
Their reasons for arriving. at TN,
,onelusio mare: First, that IN mos
cases the ruling prices are far above
the minimum prices, and hence the
latter are practically useless; second
mat financial affairs throughout INK
country and our foreign trade situation
Rave so improved as TO remove inc
6snger existing az the time of the re-
opening Of the exchange. Such belne
The case. the committee recommends the
abolition Of the minimum prices re
iened to and the discharge of the com
nittee.'
The special committee Of three. con
sisiing Of Charles ". NewcomDe, W. h
Remick and Willis d. Wood. appointed
las December 10 supervise dealings II
bonds, made this report:
That the continuance OF sucr
supervision is no longer necessary OF
tesrable. II Is. therefore, recommena
ID that all minimum prices on bonds be
,bOlished and the committee dis
ttsrged'
Prizes Above Minimums.
The recent advance in security
Itlces. while 10 mas been most apparent
IN such specialties as the motor issues
and Bethlehem Steel. has also extend
q 10 the so-callcd international list
nat the minimum prices established
y he Stock Exchange are no longer
iecessary IL shown by the following
lEt Of stocks in which the foreign hold
ngs are believed 10 be large: