New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-14

were heavily sold. In the mlddle Vi
the week there was displayed the eNl-
dent intention of the strong interests
TO support this market, ana the 'e"u
of nrices was changed. Sentiment
among traders, however, was lho'ii''N
,,ore/ 70 the bear side, as the uncer-
tainty regarding the eventual ehec' u
tho disturbed conditions in the Balkans
srggested extreme caution and retire.
mont from the bull side of the market
on Friday, the last day OF traui"e
for the week on the Stock Exchalee'
Saturday being a legal holiday hea''
foreign liquidation, which lncluueu .
large volume Of American shares, uo
dressed the market, and prices uecii"eG =
ebarn,v. London sent larger total ol
uo,,iaa orders than on any day except
,,,ben the first Balkan war scare was
announced. There was an atteihp' "
cbocr the slump Of prices by an eN-
bibition Of buying support, but INC
CO.. ~ further unfavorable disclosures
in the Balkan situation before the
onening of this market on MoNu"S
oleie+ed the bears to raid prices anu
the closing was at lower levels ,
Tho estimated number of shares OIL
,,or,oon securities which Europe sent
home 70 us during the PERIOD slhCe
tbe first Balkan war talk began totalS
ahovo GoOOOO. The wonderful ABSORB
it, oS this volume Of forced selling j"
addition to heavy offerings IN our o"lt
market with comparatively sishI eile0U
gave substantial evidence OF the s'io"s
,,r,dertone of,the New York stock mar
- uben II is deemed advisable u
sunnort it by the Wall Street ieaue''
~ market movements. Had 1t not oee'i
60. o diverting interest shown IN inc
championship worlds series OF odSe
~ ,,ar,os the volume of trading anu
tho record of movements proo"Oi'
I'D have been considerably different
br+ on Tuesday. when the opening
o,or,a WAS played, almost the ehul'e
afternoon was given over to Wa'chlne
the returns as they came III oi' ''0
- nv those who remained IN the
S..ao+ There was a general leaVetahihs
- the financial district, and the generaI
abundance was so small in COMMISSION
houses that business practically was
.,,.randed ON each succeeding day as
tho time for the game drew near the
baseball fever began to sho" S'siS u
returning. and much of the AFTERNOON.
was devoted to watching the news VI
the games progress.
Tbe nrincipal events Of extreme ma
tional business importance during 'h0
week were the Copper Producers state
,,,ert sent ont on Tuesday; the govern
r,ent's crop report published OF
Wednesday, and the United states
Steel Corporation tonnage report iiiaue
known on Thursday. The copper state
nant was disappointing, as It divulgeo
. etock Of copper nearly as large again
&C had been estimated by the wan
street copper experts. While the eSt'-
mates Of crop conditions had been hb-
oral and there was feeling OF satls-
faction regarding crop conditions tHe
governments estimate exceeded the eN-
nectations of the highest figures COM
piled by specialists and naturally put
bevond any question the abundant mar
vests of the year and sure fouhdatloii
for American prosperity. 30 mucnl
faith is centred in the barometric CHAR
acter of the steel trade that each mon'h
the appearance Of the Steel Corpora
tons tonnage statement is awaited
with the keenest interest In the IMAM
ciaI district. The custom of anticlpat-
ing the figures and basing operations
on such anticipation is an estaohsheu
rule so when the actual figures were
made public on Thursday and the TOM
mage proved to be much greater than
the generally pre-accepted amount
there seemed to be little hope for the
pessimists who have stood douotlhg
the accommodating evidence Of growing
business and the development or ma
tional prosperity. Trade and INDUSTRIAL
conditions abroad we're very promising
up to the period of arising Of an asl-
tation in the Balkan States, and the
outlook in general harmonized win the
increasing development of American
commerce and industry English IN
dustrles had been charging their out
nut and lettering their facilities. New
capital for industrial companies OF
every description had been arranged
for by new issues; the amount or new
capital for the nine months to Septem-
Der 80, which has already been sub
scribed for English enterprises, totals,
approximately. S2OO,0OO,OOO, as COM
pared with s1lO,OoO,O 600 in 1911. THE
London Statists" figures for new
colonial capital for this year show
s20O. 900, 600, as compared with sl7O,-
600, 900 in 1911, and for other countries
the amount is given as $41O,O00,0OO for
nine months this year. compared with
1856, 600 900 in 1911. The total amount
Of capital subscribed during nine
months this year for investment in