New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-05
FINANCIAL RECORD
HERE AND ABROAD
Advance in International
List-London Reopens
Without Trouble.

The securities market here followed
news OF the uneventiul reopenlng OF
the London Stock Exc sange with an ad-
vance around midday Of from ] TO
points in the more conspicuous issues
Of the international list. Though
little Of the improvement was lost be
fore the dav had ended. the close was
firm. For about an hour trading was
active. Stocks seemed scarce when the
buying movement set IN. and the mar
ket appeared decidedly oversold
According 70 cable advsces thSt came
80 hand during business hours, resump-
ton In London was quiet and Withou1
anv untoward incident The trading
there is restricted more severely than
here. and for a while. at least, Is not
expected 20 exert much direct influence
on our market. NemNrs are lorolG
oeu 10 transact business after O'CLOCK
London time. which prevents them
from conducting aroitrage operations
with our exchange. American shares
IN London Yesterday were AZ nrst quot
ed a little better than the New lork
close % Saturday. but ended the day
fraction lower.
Little sign OF any business Tor Tor
eign account was visible here. ne
market opened al about the level OF IN
end Of the week before, ana was Qule'
until around noon. when some buying
developed and the brisk upward move
ment OF the day set IN.
Canadian Pacific was strong on smSIi
transactions. Nov lork Central an"
Reading were prominent IN the up'urh.
the latter being particularly nIm a.
he close. Union Paclnc, New maven
southern Pacific. Atchison, Baltimore
q Ohio. Copuer and Steel, all joined
IN The advance. Minor industrial
shares. which had been so conspicuous
of late. generally made comparatively
little price movement, though Beth!e-
hem Steel advanced again. Bonds
were more actively dealt IL than any
dav last wees in q broad list. Nlreinl1
deferred 6s and New York Railways
fdiustment IS improved on some vol
ume Of transactions.
The loss o. surplus reported IN Sat
urdays Clearing House statement ne
inf merely the effect OF temporary AZ
ranRement for corporation discourse
nents. monetary conditions were ever
moro favorable than at the end OF the
week Call loans were renewed at -
rer cent instead OF 8. and the tendenc.
Of time accomm JGatlOn was downward
An accumulation of bills lowered for
eicn exchange rates and demand SteI
limo sold a shade under Asa -. Pur-
chase of 100000 in gold bars at the
ASA Office caused some discussion
but il was understood that TINS was
not for export.
The $4,000 900 per cent Argentine
notes offered BY a syndicate OF bank
ers here and in other cities OF TINS
couutrv were all subscribed for before
the business day had ended. January
reinvcstment OF dividend and interest
i not always perceptible. This year
however. with funds accumulaung be
cause general business cannot use
them. there is expectation that It VIII
be Of some moment in purchase OF hlrI
grade securities The Regional Bank
Iere has started open market opera
lions by investing some OF ITS ldie
money in government bonds. revenue
warrants of upstate municipalities ana
bank acceptances. Subscriptions are
being taken here for the Netherlands
: per cent Joan. though the greater part
= expected to be placed 1T home. me
New Haven's blanket mortgage VIII
have 70 be submitted to the legislat-
ures of three states, and so bonds
under il will not soon be offered but
81. Paul is expected soon 10 do some
long term financing.