Show STOCK MARKET I RAPIDlY NEARS PEACE BASIS Removal of Restrictions Signalizes Signalizes Sig Sig- Important Financial Financial Finan Finan- cial Issues New York Tork Jan Jon Rapid 4 Rapid progress the first towards a n peace basis attended financial days are of ot tho new year r c In the market the only discordant noto note being sounded by tho Brooklyn Rapid Transit receivership I I I I- I I In most t other lher respects developments ts t 0 of ot a n confident and nud auspicious character Removal of or virtually all federal restrictions against t noW new capital Issues was signalized b by several im important financial Issues It Is generally assumed that numerous numerous numer ous other will attract In Investors In In- before spring when the government government government gov gov- Is to como come Into tho the market with another largo Liberty loan lonn Apropos of ot this this prospect tho the rally In existing Liberty Issues was Wl ono one of ot the tho stimulating features of or the tho now new year Authorities are aro agreed that domestic Industrial and commercial conditions are arc sound Railroads Uncertain Unc Tho The most uncertain element clement accordIng accord accord- lag Ing to general opinion In tho the country's immediate progress toward readjustment readjust readjust- mont moat Is furnished b by tho the status of ot the railroads I Although specialties dominated by pools comprised a vcr very largo o proportion proportion tion of ot tho the recent stock dealings appreciable ap ap- strength was shown by other othor Issues which aro are believed to owe their activity to more moro substantial reasons Chief among these were secondary rails which are aro destined to figure conspicuously conspicuous conspicuously con con- In tho the country's war post expansion r L. Largo Large o part of or yesterdays yesterday's general l advance ad- ad vanco vance In stocks was forfeited during durin L today's das short session duo to a n combination com com- of oC taking profit and fresh I pressure against local utilities Refusal of oC the authorities to grant Increased fares arcs precipitated declines of ot 1 to almost 3 points In Brooklyn Transit Transit Tran Tran- sit sit Consolidated preferred pro pro- Union Gas Gns and Con Can Brooklyn I I I I 1 Oils Olt Decline Oil Oils th the tho strongest features of or recent days dos forfeited 1 to 31 points steels and coppers Including United States Stool Steel and American Smelting an nn aver aver- ago of ot 1 point and rails 1 to 2 3 points Texas Pacific was again mo most t active of ol tho the yielding 2 21 points of ot Its Us recent substantial advance while whilo Canadian Pacific St. St Paul preferred pre pre- U Union lon Pacific and AtchIson o eased cased on very very- moderate moderato offerings Tho Tito tow low features of ot strength were tree confined to speculative shares notably beet sugar American Ice tobaccos and distilling stocks whore where extra gains of ot 1 to 3 points wore retained at nt tho the heavy close Sales amounted to shares year Over transfers of ot loans were ere reflected re reflected reflected re- re In tho the weekly bank statement which reported an actual loan Increase e eor of or and an nn Increase of ot almost al almost almost al- al most 1 In actual excess re rc- rc serves Trading In bonds was nominal the tho tone tono becoming slightly hUy Irregular on an easier elSler trend for tor Liberty Issues Total sales par value aggregated as Old United States bonds were Unchanged unchanged unchanged un un- changed on an call during the tho weekE week NEW E lOUK STOCKS I n beet 71 cS Sl C In cJ V 17 0 li oO 4 fi 47 nl Car r foundry 4 54 14 3 I J lief is 76 Americas u lief J. J Tel lm Anaconda Copps 1 61 CIP O r O 93 3 t Cult wIS W. W I S. S S. S II 1 t i i 1 It i Ohl I k Superior f too O- O l 01 California ula 2 1 I OI c. c l I 4 Central I Leather lIlIer Co GO Ohio 34 I I tj U 61 U Cit ChI 1 St. St Paul fW 1410 rn y O J I 6 Ch J 1 I. I J Inc Pic etc cita I G 6 6 Copper 00 i 1 33 3 I 1 Fuel Iron IroD 23 2 25 IS Corn Cor iSO 2500 r. r l 9 f Steel ISeo O I M i tuba Cub Cane Cune t Ot O 6 tIe Ii 63 i 1 62 2 Iro li 17 17 1 General 1315 General Motors 1 13 Great Northern pfd 1 II 91 Di dJ di Ore w. w 3 3 sc 52 32 Central 97 C Copper H 44 n 47 lilt tut Mer h Sistine pfd liVI SU its I 1 1000 3 32 32 31 1 laper Ut Ala 1 tO City SOuthern 1 Copper 2 32 3 J a Maxwell Motors J lcJ 1111 Miami Copper 23 6 I Missouri I Pacific 00 G 6 C e Copper 00 11 1 17 7 1 Nets cw Central srn sr a I n lip I 1 1 1 1 J n. n Y I H II Hartford y u 32 3 oO Norfolk W stern Pacific It y I 92 tall lall tOO 35 s 3 1 ISOO 40 f ii 45 41 Coal loCI Lie 49 41 H s i Con Can Cop Copper er too 1 1 l 1 83 liZi Ile lIep p Ire Iron o f I a S feet 18 Southern 10 lOl So 0 2 25 21 1 2914 Studebaker Corporation ra fil 61 61 lc S as Co I Union Pacific 1000 I U U. U S S. S Ind Alcohol I 1 Im Jm'S 10 U. U S. S Stool sr t i Utah Copper COO jt 73 I Western Union 1 1 e u fI 41 Bethlehem n. n 3 OO 63 S 62 6 62 T Total sties les for tho clay abare XI NF V MC W U C 0 3 5 2 4 re redo tS IS Gt t. t North l bt t 4 Us II S U 56 do coui coupon ori 1 as IS I III III C nt ret ref f. f it Ii U nj U. U rf 13 3 3 re U 03 Int t. M M. M I. I M St St. Ca do courion 3 83 83 K K C C. C So roC ret la ta SI U. U S. S Liberty I. I L. L It N. N i. i un un 41 4 57 U U. S' S U. U KIT KIT- 10 U Udo M. M I. I K T. T l tat ht t 4 44 4 67 d do cou coupon On Mo Io lac gen 4 h. h 63 Am lor Tor Sec See Cs tt 00 VI Mont Moat Toner Si t 1 sir 5 Am T. T tf lr T. T Cs ta 92 4 N. N Y Y C Coat Cent nt U. U MV I Anglo Cj SA r. r Xo No o. o la 44 SOl 15 Armour k Co i f i 57 STi fini do llo 3 cm CH Atch gee 4 f. f tZ 53 0 O. O S 5 I r. r ret ref s. s U 56 B. B 6 O. f 44 1 79 lac llIe T. T A T. T Cs OUi lH Meth rot Ct t. tS Penn lenn cou con 4 f Cent cot Leather 5 Ca CI 37 97 7 cJ dr do rea lD I. U 53 Cent Pac lat Ill 8 82 Reading gen rn 06 G C. C Jfe k O. O CT cr Cj Gs M 59 St H. t. t I r. r L. L I. I S s. s I. I p p. p t U O. O U. U J. J i Q Jt 45 93 03 I 2 I So s1 P Pac Pae c. c c CY c. C. C M 11 I. I S. S I 1 P. P 8 4 r R n So 80 U fly te 96 C. C R. R I. I P. P 4 70 76 T r r a 4 P. P 1st lt f Vi C. C i d S S. S ref fC n. n 75 Union Pac lc 43 y D. D U. U G G. G ref fet C GI bs U U D. D h b H. H cs 07 nn tn Dos Don of Can CaD C W t tH d H U. U S. S Steel Site 6 CiJI Erie cen ren tn n. n J abash lit 1st 06 6 Gen Can os Os is 05 lS french GaTt Colt li CH |