New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
FINANCIAL RECORD
HERE And ABROAD
Broad and Active Market
with Advancing Prices
Bonds Also Firm.

with no uutovsrd development over
3 Tire weekend, securities resumed their
upward movement yesterday. Great
, Britain's reply on the veIed eontrabauc
question seemed in its eonciliatory tone
20 confirm expectations OF amicable
settlement The steel Corporations
large increase in untitled orders pro.
~ided tangible evidence Of o start TO-
! ward recovery in The nations industry
The slow progress Of the war iu Europe
continued along the lines on which our
financial arrangements have been
based. Yesterdays broad list of stocks
dealt ir. with purchase Of many issues
o. rot generally active 40 advancing
prices. seemed 90 indicate that invest
ment buying was being extended more
freely from bonds into stocks.
During the day some 10000 shares
changed hands. about tho total Of Fri
DAY. In bonds business was also on p
Good scale. convertible issue follow
nc the upward trend OF stocks The
market opeaod around tho lcVc. Of Sat
urdav's close. but showed early inn
movement. A. first equipment stocks,
automobile shares and other udustrla.
issues were more prominent. hu,
around the middle o. She day railroad
also advanced I~ tho afternoon bust
ness was more quiet. hlt there was no
great reaction from the high prices OF
the day.
Gains m 20 o points were common
Canadian Pacific. traded DO az an adj
vance -r London. was strong here on
small transactions New York Central.
New Haven. Southern and Union Pa
cifc. Baltimore and Ohio and tho Erie
stocks gil made good Improvement
Missouri. Kansas and Texas common
and preferred recovered part OF last
weeks loss Consolidated Gas was &C
tive on q fair amount % business and
PEOPLES Gas also improved. steel wss
rather heavily dealt IN and got up 20
81 International Harvester Of New
Jersey made an abrupt advance in the
afternoon on one or two transactions
Money rates continued favorable, call
loans. as on Friday. being made as low
as So per cent. and renewing az 2-s.
Comrarrtive'v few time loans were
r1a5s. Liberal offerings 81 commercial
bills caused a1 easy tone ln The foreign
exchange market. Demand sterling
again sold 50 low as 4.sa b. closing "a
trife higher .
American shares in London. while still
ruling below the levels prevailing here,
showed en- upward tendency during the
dav. Consols were traded IN a. an ad-
vance and business was q little lvelier.
In Paris prices were generally firm.
The Imperial Bank Of Germany's re-
turn showed note circulation greatly
reduced. as natural after the first o.
the wear. Discounts increased and gold
holdings were lower for the first time
since the German people began return
ing gold 20 the Bank after the outbreak
Of war. From the Netherlands 70 was
announced that the government wax
loan Of 275 900 900 guilders. which at
one time was thought might require
compulsory measures, had been over
subscribed
Little importance was placed here
upon a resolution proposed IN the Sen
ate 70 prohibit the Eastern railroads
from making effective the advances IN
freight rates they had won after ga
much effort The argument offered ir
support of this curious measure was
that the Interstate Commerce Commits
sion had exceeded its powers IN taking
into consideration tho effect Of the wa
in Europe.