New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-22
STOCK MARKET REVIEW
Prices Irregular During Entire
SeSSion-UnCertain Trend.

Professionals yesterday were at
loss how to value the news concerning
important events at home and abroad.
and sentiment during the stock market
session was unsettled and subject to
sudden influences in either direction.
The opening prices were lower than
Wednesdays closing and the market
had a dull appearance. with little TO
encourage activity. Union Pacific,
Amalgamated Copper United States
Steel common and Reading all opened
down. while Southern Pacific remained
unchanged on its initial sale. but
showed q fractional decline in immedi-
ately following transactions.
The natural disposition of the Street
was to look on the dark side regarding
affairs in Mexico, the foreign situation
and the steel trade. and N view OF the
apprehension manifested the stock
market outlook did not appeal to them
strongly as Offering more than irregu-
lar changes until something definite
should be officially given out touching
Mexico particularly. Along with other
matters that presented an uncertain
ASPECT the crop news was somewhat
mixed. as reflected in the commodity
markets. and this had tendency to
restrain business on the New YORK
Stock Exchange.
During ,the forenoon there was no
volume Of importance in the business
transacted and only few stocks were
notably firm; among these were Inter
borough Metropolitan preferred and
| Third Avenue.
The afternoon session brought little
relief from the uncertainty which was
! keeping the market in a waiting posi-
| zion. Politics occupied The attention OF
traders and the Street generally, and
there was a dissemination TO purchase
stocks by those who were favorably
disposed toward an upward movement.
| while selling orders gave no appear
! ance of "A violent effort on the part of
bears TO break prices. Interest was
centred chiefly in MeXico's reply to
| President Wilson's note and the prob
able next move that will be made by
! the President in his efforts toward
! solving the difficulty without resort
TO a more strenuous plan. In railroad
circles the report Of the Baltimore
Ohio. the first of the railroads TO pun
| lish a statement for July, was of prime
importance, particularly as the show
| ing was favorable, with a gain OF S'S',-
900 in gross and 100000 in net earn
ings.
The currency issue called for atten-
| ton in view of the gathering OF rep
| resentatives of banking interests
throughout the United States in Chi
| cago to-day TO discuss and recommend
| changes in the proposed administration
| bill The broad scope of tGis gathering
gives it a recognized standing that
must be taken into consideration in any
measure which finally will come up for
| Congressional consideration aud ac-
ton.
The meeting of the directors Of the
| Chesapeake q Ohio to &C. on the quar-
| terly dividend resulted in a reduction
Of the dividend rate from , 10 I per
cent as had been expected. The news
Of the reduction reached the stock
| market Just before the close, but, aside
from an advance in that particular
stock, no effect was noticeable. Local
money market movements indicated no
change Of importance. Time funds
were quiet. and call money was re-
newed at "a per cent. Indications
pointed TO further importations Of gold
from South America, but no positive
announcements were made.