New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-14
STOCK MARKET REVIEW
Trading Was Very Irregular
Changes in Prices at Close.

Nothing OF specially slgnincdhI
character WAS to be found in the oper-
atoms at the opening of the stock mar
ket Yesterday. Trading was actiNe anu
covered a broad list Of stocks ana 1t
ros noticeab BILE that realizing was on
large scale. but the markets apsorp-
zion was excellent and the undertone
remained strong. Considerable seii'"e
., t-nion Pacific occurred, but the buy
ing appeared TO take offerings WIN
.aea so there was no general alarm felt
os IN tho future of that stock. North-
or, poc,ac together with Great North
ern showed declines at the ope'ii"e
prices. Irrespective Of the eA'e'''"'
oarn,ngs statement Of Canadian IA
ci6c the initial sale yesterda!
decline of three eighths from "
80 ,,ose American Can ana Ien''"
y .,or both showed advances on i'ls'
a,~. ord there was generally puiiis'i
talk on Can. An evident uesi'
manifested on the part OF the oe"I
- tha market. but their ehol''
oro NOT successful, as the reac'io"
,. comparatively small ana soiiie
stocks continued to show slrehe'n
tho face of a pronounced atte''p'
ell ,ba market down. Missouri facI"'
nod - supporting interest when az
tracted some attention to that s'ooN'
Bullish reports lately have fa'her II"
acted some favorable action being
oss,,ned nv the stock, but how strong
tb. sunport is so far can only NC
guessed. Coppers gave a goou acoo""'
in the list, being assisted by iipio'o1
foreign sentiment. United States steer
car,a in for a heavy selling movement 3
hut tbs action of this oldtimer gave
traders the impression that hlehei
prices will be seen in 1t. Louls'i'e
Nashville continued on its rise ana
scored a new high. Erie. which mas
been taking life easy lately, came on,
Yesterday and began making prepard-
lions TO take part in the proceedings.
Around the noon hour Pittsburgh
Cool and other specials had attracted
the attention of the bull traders. 81
Paul was also strong and sold at n new
high on this movement. There was the
usual floating OF rumors in the air and
stocks alternated in being favored with
the good or bad reports, according TO
the fancies and desires Of the origi-
majors During the afternoon tho
market was dotted with irregularity.
due 10 a mixture profit taking in some
issues and bullish energy I'm others.
Southern Railway preferred was ono
Of the favorites and made a new high
price for this year. General Electric,
after its reaction following the recent
gift TO stockholders, started again to
advance, and presented an appearance
of strength which indicated that the
selling natural after good news had
been exhausted. Some OF the specials
were hit hard I'm the profit taking per
formances. General Chemical showed
a loss OF points, Sears Roebuck de-
clined > points and Studebaker -.
points. Pittsburgh Coal preferred
however gained a. and Chicago. -.
Paul q Omaha, on 300 shares sales
showed a plus sign OF liz points. The
news seemed TO be favorable. such ~
there was. Foreign sentiment was
strong, and purchases appeared to indi.
cate a better market for American
shares. Money locally was not changed
on the surface, and from 4 technical
View the market appeared 10 be rosd-
justing It's position TO allow some profits
In former leaders under cover ~
strength In new ones. It's action uas
not particularly rcassuring. as whole
bur In market So clearly profession. Il
sudden changes must he expecteI
There arc good investment stocks how
ever, which In prosperous times will
sell Tor more than AT present.