New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-21
STOCK MARKET REVIEW
A Day of Indifferent Trading
Some Stocks Strong.

market yesterday morning as II en-
tered on the days trading. The en-
trance was soft, with suggestion OF
quiet for fear Of arousing the sleeping
bulls and bears. 1t was the atmos-
pherc Of rest rather than activity, ana
price changes were insignificant COIL
pared with Mondays close. After the
market had rubbed its eyes DIT anu
looked around there was enough vital
itv TO start the rumor makers on their
daily task of applying the story re-
storatiVes to the liveliest of the group
OF stocks which appeared to be ready
70 respond TO the old reliable trader
tonic ON ario & Western was among
the first TO take liberal dose Of Nine.
Rumors never-fail remedy. and llnn'e'
dately showed improvement New
York. New Haven & Hartford's "her
10 purchase stock not already owned
was used as the basis for delectaole
connection of prospective good things,
which assisted the "old woman 10 step
little lively The leaders OF former
DAYS. like the old shay horse, were
very tired and could not be aroused
from their letharglc state during the
first hour, and the specials had all the
attention. Talk of increased DIVIDENDS
resulted in strength for Amalgamated
and Anaconda coppers. and the diVl-
dend picture was focused on the direc-
tors gathering in September. BY the
same process, only fixing the period
three months later, Utah Copper ana
Nevada Consolidated were helped along
10 higher levels. Suddenly discovered
new reasons for better financial con
dition Of Bethlehem Steel caused an
improved market interest I'm that Is
sue. The former belle of the market,
American Can, fiirted with some Of the
transactions and received sufficient at
tention TO preserve a steady tone for
this stock. In the absence of the chief
bull on this issue. however, the latest
estimated earnings based on the num-
Der of apples, pears, peaches and other
canable products were not formally
arranged. and II may be that all this
information is being reserved for a
more propitious market.
There was a slow dragging noon
hour, and the afternoon trading came
in with that tired feeling so familiar
TO those who spend several hours a
day committing. The coppers were the
on.y features Of interest, and even
they, like David Harums horse, would
stand without hitching. 1t required
buying in large lots TO move Amalga-
mated and Anaconda higher. To help
along the tide of trading. Pacific Tele-
phone was picked up and boosted some
an easy task, considering the limited
supply Of this stock in the speculative
market. Wheeling & Lake Erie is
sues showed some speed and rose
quickly. Viewing the days transac-
tions. the market might be termed a
neutral one. with either an indiGfer-
ence or uncertainty on the part Of the
bears and a timidity on the bull side.
There was 10 bullish responsiveness
unless the buying exhibited IN the
coppers could be so termed The mar
ket could have been put higher lutte
easily if outward indications of the
days trading were significant. Every
reason apparently would justify n con-
siderably higher level. but the shadow
OF politics seems to be still lingering
over the portals of the Stock Exchange
and within is a handwriting which the
market-wise men are trying to de-
cipher. The closing was strong in the
coppers. and some interest was shown
in other issues in sympathy