Stock Exchange Resume

Full Week. Customers of New York Stock Exchange houses, particularly those trying to trade from the Pacific Coast, clamored against the recent five-day trading weeks and last week's four-hour trading days. The Western traders, being hours away from Manhattan, lost precious time for making, and losing, money. Manhattan operators lost commissions. That was one factor that induced the Exchange to resume full day & week trading. Another was that trading last week was lighter than in a very long time. And another factor was that Wall Street bookkeepers had in a measure caught up with their day & night entries.

Speculation lessened during the week on the New York Exchange and prices of securities fell somewhat.

Industry throughout the country was quiet for this season. Automobiles made a striking exception, and because of them steel manufactures.

Los Angeles Curb Exchange was to open this week, subordinate to the Los Angeles Stock Exchange.

Chicago Board of Trade voted 795 to 116 to trade in corporate securities as well as in grain. This vexed members of the Chicago Stock Exchange which handles only securities.

Rediscount Rate became 4 1/2% in all Federal Reserve Bank districts except San Francisco and Kansas City.

Bernard Mannes Baruch, who was an active and great stock market operator before he became President Wilson's War aid, returned to Wall Street last week by renting offices in the neighborhood. He intends to supervise his large investments, not to barter. His son Bernard M. Baruch Jr. recently bought a seat on the New York Exchange.

Call Money Rate, for the first time since July, 1921, rose to 6 1/2%. Banks one day withdrew ten million dollars from the money market; Memorial vacation day's impingement was another cause; and twenty million dollars to England in the week a third.

Railway Express. According to secret information to the New York World, the U. S. railroads as a group next March will pay $100 per share for all the assets of the American Railway Express Co. Express Company stockholders expected $175.