OCR Text |
Show iHIQHER QUOTATIONS PREVAIL ! ON ACTIVE STOCK EXCHANGE ! Relaxed Money Rates and Foreign Exchange Im-' Im-' M-o'einent Principal Factors in I Favorable Market. NEW YORK, Tjcc. It?. He'axecl money rates, further pronounced ii:ii- ro ement ir. torecn e.;chanee rml f.torable technical conditions -ero liio principal factors vh:.-h ginci.-t-l toda'd n:riorate:y :o-tive .i'ck uiai'lit't to lnatcriall' higher quotation quota-tion y. HankinLr intert-sLs t prt;.ycil f at i.-::ic-t 'on at tho con i;dc lion 't estc;nl;; y's ciLLrni ,iu.- tax ni'-'his ;i p.d other heavy i--ili transf-Tis v. ithi-ut dtstnrhHnce to tlie local muiv-Kiry Miua'.ion. This uay evident evi-dent 111 the i 0 w t-r ra ', cs to r c all 1 o a n s . which ruled at 7 per ceut, with a final rate of t. Stei'i::nr or British remittances rose about 12 rents to the pound over the recent low records--, and diycoum s on France and Italy also tased, dealers re-p-!'t inc: a t narked reduction in ol'l'crinus v( lulls on London and other foreign cPie.-s. Much of the day's advance was made at tho c-pen' of the shortt?, especially 1 in motor.-, o:, stci-ls and equipment:. 1 wheve eMrenio p 111:; of 2 to 12 puints were recorded. There were indieat ions in quarters ct the niCirket oi an oversold c.'iuiU :-!,. 1 :a Is c: e J ;c on!v i:iinorta 11 1 'ocl".s to lag during h day. 1:::: that div.r-i.ui iui!e l'urv;u ;I in ipirited t'a'hi.'ii .i U;-t bci'uro tin clcs.--. Tlu'.i- Mril'SLll M.tS b;..scd on reports tha t ft' fort u to i-ccon-c.l" tho din ore noes lie t ecu the house and the .-mat c iviiardm tran-M'orta' ion K-f; i!;i f ii-u v cro likely t" Mice ceil. iSalcs ainountod to 1 .Ot'O.tVlo sha w. Llo.v.sip on tho exchaui;:"' di-a'.t -with lrosroci ivo dividend d--'i'honwnis in ;-r--eral aeti o issues, o'lrtlculariy .Mt r-an-tdo Marino and Anivric.m Can, while t ho renewal of ln-a y cxjmmM s of copper iniusod modcralc t-Lrcntli to nu-dal ituos. t .n vert : bio or specula t ive rn ilw ay liond.s wri-u lowc r. with Vrvcral of t mo hiiih-iira-iu iiulustriuls, incUniin; United I States St col 6:s. I Seventl of the T.lM-rty isMios alfo , yielded to further lirf-.ui'i', with nominal i cli:iiit'cs in intermit ionab . Tot a 1 t;a 10s I (ar value) aKytoal.-d ?2."..2i.00O. Old United Stales bunds wcro unchanged on 1 c;ill. |