New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-17
STOCK MARKET REVIEW
Stock Prices Rise on Better
European Sentiment.

The hours between the closing Of the
stock market on Tuesday and the open
ing yesterday morning were fruiuui
Of a better feeling as regards the OUT
look in the Balkan disturbance. An
impression prevailed in the minds OF
the Wall Street public that the peace
pact which had been signed between
Italy and Turkey indicated snort
period of interruption to European
business and finance by the present
dissensions between Turkey and the
Balkan States. The London market
had contributed an encouraging tolie'
which started the New York STOCK
market off with a cheerful traolns
spirit and price movements toWaru
higher levels. About 10000 shares yes
terday were purchased on balance oy
London, confined principally to Unite1
States Steel and Amalgamated Cop
per. Trading was active at the open.
ing Of this market, and advances Oh
noint or more were shown IN
number OF the standard issues. Ca
madam Pacific was materially he'peu
nv the betterment of foreign sentl-
yner+. and in the first transactoh'
which involved a sale of 200 shares
gain NJ four points was shown over
Tuesdays final quotation. Amalea.
mated Copper was very strong anu
1rnited states Steel registered an I'M
nress,ve advance. Shelters and Ana
conda were among the initial oHerihs'
which displayed price improvements
overnight. The market presented
broad range. the standards ana epo
c,a,s sharing in the rise which continued
with some energy during the first hour'
The volume of trading was not as large
between 10 and II o'clock yesterday as
IN Tuesday. Tuesday the NUMBER Oh
sberas traded in totalled 25O,6SO, while
Yesterday 215,169 was the NUMBER
shown for the same hour. FROM II u
10 o'clock activity lessened and some
easing off in prices followed, but the
.ora ~ the market held well and there
was no evident disposition among INC
leaders to change their trading posi-
tions The Interborough- Metropoltah
Issues were strong features, but al
mica around 67A considerable stock
was supplied, which kept the price
within q reasonable range OF nuctua-
tion. AS the time drew near Tor the
baseball game there was marked de-
crease In the interest shown in STOCK
movements. and traders turned their
attention to specializing on the PROB
able outcome Of yesterdays game In
the world series. The news Of the Gay
OF home and foreign conditions was Ia
vorable. and trade reports OF the steS'
trade contained the information 'hat
nr,ce- are still advancing and that most
mills are sold as far as six months
ahead on impor art products Inc
stock market had a period Of reaction
during the afternoon, due to selling
pressure. but when the selling ceased
there was a revival Of strength, I'D the
closing, while trading was light, dis
played good buying, and sentiment was
bullish, with prices ruling around their
highest quotations Of the day. There
was a prevailing opinion owing 10
the demand for currency at western
points and the increasing domestic re-
quirements, that money will harden
and that a further calling Of loans vii!
follow. Commission houses and trad
ers in general are optimistic regard
ing the immediate future.