New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-25
STOCK MARKET REVIEW
Irregular Prices Follow Early
Strength, Closing Higher.

Developments over HIsht
discourage the professional bulls an"
there was an all-round exhibition Oh
fractional gains in the initial deals
rocorded az the opening Of the stock
market yesterday. There was re-
crashing sentiment in favor OF the ad-
vance that swept through the STOCK
Exchange during the first fifteen min
utes OF trading, and then stocks were
sold and the upward pace slackened.
disposition was shown 10 gaze
through cheerful eyes at affairs IN
Mexico. the prospect Of a better cur
rency measure and the present money
situation. This optimism was confined
10 the period covering the first haif
hour following which the trend nuctu-
ated and carried the market along I'M
even lines, with alternating strength
and weakness in dull trading.
Among the features Of the low prices
touched during the day was the break
in New York. New Haven & Hart
ford. which carried that price TO SlS,
the lowest quotation since 1864. Penn
svlvania. also under pressure, sold
down to a new low record at loiA'
with was half point under Thurs
days lowest quotation. BY the early
afternoon trading had come to stand"
still practically, and while there were
traders who were convinced that the
markets impulse was upward, 1t was
not until the late afternoon that real
recovery set in, and prices advanced
and gave q firm closing, especially in
United States Steel which was the
most active issue in the days trading
and had a gain Of IL points to its
credit.
The Rock Island issues, both common
and preferred, developed strength in
the late afternoon, but in Canadian Pa
cifc the trend was downward and the
result Of the days business was loss
Of 15s points in that stock. One Of
the reasons set forth for a favorable
tone in the afternoon was a report
from Washington that Secretary
Bryan had announced that General
Huerta had given out a statement that
he would not consider accepting the
presidency, and had requested the
members Of the diplomatic corps to
convey this information to their gov
ernments.
In the discussion OF the currency
question, which absorbed much Of the
interest in the Street. President of the
National City Bank Vanderlip's pro-
posed plan for revision of the meas
though 1t did not seem probable that
il would be accepted in view of a de-
spatch from Washington conveying
the report that President Wilson had
expressed himself as opposed to sub
stitution Il the new form for the
Glass-Owen measure. Judge Gary's
views on the general industrial and
political outlook were reassuring after
the current of news circulated recently
carrying a note in decided contrast
10 tne optimism eApIeSSeu ny lUe
chairman of the United States Steel
Corporation.
The showing made in the report on
international trade for September ex-
hibiting an increase in imports and
total exports for the month, ahead Of
any previous september, was stirnu-
lating and helpful in allaying any
question regarding the progress Of in
ternational commerce. One of the
features Of the investment market was
strong tone In government per cent
bonds. and broadening demand which
carried bids UP to a point around 9S.
The local money market continued to
display an easier tone, assisted by an
indication of a favorable bank state
ment to-day. Call loans were renewed
at 3 per cent, with an abundance of
money in sight.