New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-15
FINANCIAL RECORD
HERE And ABROAD
Prices Little Changed in
Dull Day-B. & o. Up
on Dividend Action.

For the greater part Of yesterday
session the stock market was quiet
traders being indisposed 10 make nc"
commitments and little stimulus APP
nearing from tthc outside. The vol
ume Of business fell or further. and
price movement for che most part was
negligible. In the last hour. however
following announcement by the Balu-
more & Ohio Of dividend at the rate
Of 3 per cent instead OF !, as had been
generally expected, securities moved
No little on more nctlve business
Part OF this Improvement was lost be-
fore the close. The bond market was
frmcr with dealings az about the same
scale as on the TWO days preceding.
Baltimore & Ohio was tho most nc
tive stock on the list Ia the carry
trading 10 made some advance, anu
after the dividend announcement
Jumped q. OF point. extending un's
Gain 10 . points on the comparauNely
ss,nsu ruuber Of transactions. AT the
close IL was nearly points above the
fral fcule Of Wednesday,, on business
of around 1900 shares. According
20 the company's explanation, net IN
com, En- the last six months o. the
voar was about 100000 less than diNi-
dcr8 rcouircmcntts. but the freight
rate decision is expected TO add up
ward Cf S22e5.O00 q year TO net even
Il business is no better than IN iva
Reading was firm in the late trad
ing. but closed only fraction up on
the dav. Steel moved within mar
row range and finished trihe lower
Conner shares showed some early rrm-
ness with talk Of better prices for
the metal. United States Rubber made
some Improvement on more DEFINITE
news Of permission 10 resume SHIP
ucrts Of crude rubber from London.
Gurconhcim. Studcbaker and National
Biscuit made gains of a point or more
Time money was offered lower, &C
cowmodation for sixty TO ninety days
being extended at 81 per cent, with
lower rates reported IN special IN
stances. Call loans again renewed at
ucr cent. Monetary ease elsewhere
is indicated in lowered rediscount
rates IN the interior, and here only
around 100000 of the emergency
currency taken out by local banks IS
still outstanding.
From London IL was reported that
sale hy the Bank Of England Of ST.
100000 gold was presumably for this
country. bat the exchange market in
Dictated no expectation for any such
gold import, sterling closing at about
the final levels of Wednesday, with
business rather quiet.
The Bank of England reported q
gain OF around 100000 in gold, and
The proportion Of reserve TO liability
unchanged from tthc week before. A.
a result Of payment of an inStalmeut
on the war loan. government deposits
wore larger and the outside banks de-
posts fell off. The securities market
IN London broadcrcd. q sign of some
investment demand. and British rail-
way shares were higher
Grain houses provided more excite
mcut Yesterday than those whose bust
ness was confined 20 securities. as May
wheat 10 Chicago went 10 new high
level on the crop, above S1.43 a bushel.
The cotton situation continues 20 i'm
prove. Domestic consumption last
month was not mvch under December
of 1913. and exports of over 200, 900
bales were only some $4,000 bales low
er. For the season. however. cotton
shipments are still less than half those
Of 1913.