New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-01
FINANCIAL RECORD
HERE And ABROAD
Year Ends with Prices
Firm - Trading Still
Quiet-Money Easy.

The year ended on the Stock FIX
change quietly. Business, while small
was better than the almost record dull
ness Of the day preceding, and prices
generally were firm. Bonds, dealt IN
10 the extent of q little over Sl,OOO,VVV'
were about at Wednesdays level. SEN
timent in the financial district seemed
q little improved. The difficulties with
Great Britain over treatment OF our
shippins seemed less likely. 70 cause
unpleasantness, and an interview with
the spokesman of the Eastern rairoaus
as 20 better prospects OF the carriers
resulting from the decision IN ,I the
freight rate case was encouragihs' ne
exclamation by the Stock Exchange tnat
ninimums would not be 80 rigidly
maintained as 70 keep the market un,
necessarily 81 artificial levels was well
received.
The international list yesterday MADE
net changes Of fractions, and was gen
orally firm. A few industrials mace
good advances. Among these bethle-
hem steel. common and preferred
reached new high levels. western
MARYLAND shares and the per cent
bonds were again weak. mere was
eome selling Of Missouri Pacific, when
got down to Z, new low record. me
decline called attention TO the rosu
heavy note maturities, due in the sum
mer. These were extended FOR year
after long negotiations, and reao)us'-
nent Of the compsny's finances was
postponed at the same time. -
News OF the day included New YORK
CentraPs earnings for November, the
total Of all lines showing loss OF over
$1,000, 900 in gross-almost as much as
in the month before. Net again showed
loss In gross more than made up. but
the increase. some $500 900, was about
100000 less than for October. South
ern carriers continued TO show heavy
losses. Bank oleArings during the
week made rather poorer comparison
with 1918 than usual OF late. CONNER,
cisl agencies reported confidence ana
hope for the new year.
Money rates ended the year with un-
changed ease. Call loans renewed over
until Monday at per cent, and fixed
date funds on collateral were agar
offered at 50. Sterling exchange affer
hardening a trife closed az soout
Wednesdays rates. The brief advance
was more probably due TO covering OF
speculative commitments than 70 any
active end of the year purchasing.
Known currency movement, not par
ticularly important in view OF the
heavy surplus held by local institu-
tions, indicated a gain from the IN
terror Of around Ss,500,00O. This was
little more than Offset by losses TO the
Sub-Treasury. This Federal Reserve
Board, in recognition of the prevailing
abundance OF loanable funds, approved
lower rediscoun; rates for regional
banks in Sar Francisco, Dallas and
Chicago.
Paris responded 10 improvement IN
monetary conditions with more active
trading on the Bourse and an advance
in 3 per cent rentes. In London the
tone OF the market was confident,
though business was light. The Bank
of England's weekly return showed the
reserve percentage, while lower than
the week before, not much under the
average of the last ten years at this
time. Loans made an end Of the year
increase of about 100000, and gold
holdings were nearly 100000 lower.
This loss is not particularly significant,
as 100000 had been set aside for
note redemption during the week and
some gold was transferred 10 Paris.