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Show SPECULATION IN STOCKSNDTED Declaration of . Dividends Hat Stimulating Effect NKW TOK. Oet. 14 STttmlnstloa ef the Turklab crista, announcameni of lb ovrn-men ovrn-men t s new 4" per cent loan, decline of the OTimn mark to a new low record and declsrallnn of stork dlrlilenda by Ihrra Imports Im-ports nl Indus! r is I companies were the outstanding out-standing U viipmnts pf the week la tha financial markets. Jteclaratlua of stock dividends eerulted a Iteary apula tlnn ts stocks, particularly In shares of coin iwn lea hnllira larr surplus! sur-plus! available for distribution. In each of the Hire d 1st rlbut lns. Low ever, in beat prices for the shares were regis! r-l Juat he for I lis act us I snnminrmenf Waa made. Publication of tha news Invariably resulted In a sharp decline in the Block. in th nt or rtisndurd Oil of New Jersey, wblcb dec lared a 40 per vent stock dividend, this reflected speculative disappointment on ths directors' announcement that no Immediate In erase was contemplated In the ssregate dividend. ftnnd prices lost ground as a result nf the slh rig of high grade railroad and Industrial I change dealers are of the opinion that settlement of the reparations nuestloa and balancing of flermany's Internal budget must b effected lu Insure stabilisation of the mark. Announcement ef lUs sole of a $1 fl.00t.in0 bond Issue by the Norwegian government lo ths National City company and an award of Tbe Magtts tribunal of $11 no.OeS against lbs Lotted Hiaiss on claims arising out of the eel sura of Norwegian Nor-wegian ships during lbs war were followed by a sbarp advance of 44 points la ths Norwegisn eschangs rate, nearly half ef which was eanoslisd today. Hessnnsl demands for money r sol ted In S hardening of the rates. A flurry In call money, which sent the rate up to per cent waa dee to the celling of loans by local Institutions and the withdrawal of funds by out-of-town honks nnd the ge-eminent. ge-eminent. Tha closing rate for tbe week was per cent. Rediscounts with tbs federal reserve be nks, and bet b the nolo circulation and deposit liabilities with tbeea lost 1i a lions, ere increasing, but It Is generally gen-erally believed that sufficient re sou roes re-msm re-msm to make a further sbarp rise In rates improbable during the neat law months. provide funds fir ths purchase of tbe more attractive long term tax ri'inpl Issue. The ai-tlvs re si imp! ion of fore: an financing was on of th fsaturea ef the neck's hood market. Commodities prices, as a rule, are anil tend ing upward, wheat being Influenced by r-uori of shortage la foreign eiopo and cotton by the rreumptlnn of buying, suspended sus-pended by the Nesr Kast situation. Copper prUes are softening slightly, due te a lessened, les-sened, domestic demand, and tbe usual sea -eonel reductions sre now being rnado In tu price of gasoline. Interest in tb foreign situation was centered cen-tered on tor Important events, alerting of the arm 1st lie- In th Near Kast. beinnlng of service on ths British war debt lo t bis ountr snd the furiber roll pan in ths Ut- i man eir uanae rate. Great Hrt tain's first painerit on be debt will b" made Monday, when Ps f.sral Ssents, J. P. Morgan A o, will turn over H0 0 io Hie federal guverniueni, approximately half of this rep-i-seniiiig in prutresds from the slilpinriiTs of goM svru here In th laat Jw moaiba fur tbe mvouni of th Hrltish 'ur).' Despite the Oernmn preid-ii t is I decree, forbidding speculation In e,hen snd th t rem end o us Weekly increase of more I ha a 27.Ooo.00O ottO marks In not circulation, tb mark continues to fall and tbs tsrienty ah or tag in Of rmany persist a l-oi a I ex- |