The sun., 1913-11-22
FINANCIAL NEWS
AND COMMENT
Market Wriggles Up and Down
and Closes With Prices
a Shade Better.
BUSINESS DONE rs SMALL
Heavy Engagements of Gold for
Canada Attract At
tcntiOn.

The net results OF the dealings on the
Tho market wriggled backward and for
ward during the session and closed with
prices n shade better on the day. Opera
tons were quite obv iously almost entirely
professional Perhaps more irregularity
in the trend of quotations was seen
than on previous days during the week.
with noticeable pressure applied to few
special issues. but the volume Of business
was far too small to lend any real sig
nificance to fluctuations.
The continuation of dulncss was nat
ural. The news OF the day having n
financial bearing presented no new aspect
and was In fact rather colorless. Par
ticularly, also. the complexion OF financial
AFFAIRS was not altered "a regards the
two main factors which probably have
more to do at the present time with
keeping sentiment in n state of uncer-
tainty The Mexican dispatches indicated
no change in the status quo between this
country and the neighboring republic. and
as such held out no hope OF any decisive
development In this situation in the near
future. Apparently. therefore. on this
score a period OF prolonged waiting is in
sight. The delay in the matter OF bring
ing out the French Government loan.
which has been looked forward to as an
event which would definitely break the en-
isting deadlock In the great investment
markets of the " Orld. was disappointing and
intensified the dulness. The lack Of mi
tiatiye Of which Wall Street is complaining
is by no means a local condition. The
markets abroad are In the same position.
Everywhere there is n disposition to sit
with idle hands until It Is seen whether
the French loan will do what 1t is ex-
pected OF 1t and clear the financial hori-
zon. or until a new impulse Is furnished
by some unforeseen happening
Amalgamated Copper stock was rather
weak feature among the active shares.
both in the London market and on this
side. The feature of COincident break
I'm the metal market abroad. however. was
not convincing, suggesting. as 1t did
speculative operations OF kind which
have become only too familiar. a sharp
break in the price Of the New Haven
shares was thought discouraging because
the market for the stock has lately ap-
peared to be on the mend. But the cnect
OF weakness in that quarter has become
more or less isolated in the sense that
movements In the stock have lost much
OF their influence upon general sentiment.
A specific reason for the weakness seemed
20 be Il mistaken idea that some acton
Oh the dividend might be taken ut a
meeting OF the directors OF the company
in New Haven.
The only fresh DEVELOPMENTS during the
i day occurred In the money market. Rather
heavy enga gements OF gold for Canada at
tracted deal of attention and stimulated
discussion OF the state of financial ar
fairs in the Dominion. one explanation
suggested for this movement was that II
represented remittances from the other
| side OF the Atlantic. representing the
proceeds of various Canadian loans i'oated
abroad and representing also payments oi
shipments of grain to Europe. the transfer
of credits being made through New
York because the position of exchange
| avored the operation. The influence oi
these Withdrawals and the sending oi
another 100000 to San Francisco was
naturally slight, in view of the pronounced
inflow OF cash TO this centre from the
interior OF the country. The reported
movements of currency during the week
showed another considerable net gain from
all quarters. indicating "A strong tlearins
House statement to-day.