New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-12
STOCK MARKET REVIEW
Prices Recover from Mondays
Low Levels on London Buying.

Following the natural impulse due T."
the improvement in London sentiment
and more favorable political influences
i'm Albany, the stock market yesterday
turned its back on the bears ana Sl"'
cd i'm an upward direction. Moh"'F
was one of those extreme days III So
curity trading when all factors SCENE
combined 10 deprcss prices, ana pears
were as thick AS mosquitoes IN NJ"
Jersey swamp. The distressing news
sent over from Europe regarding GER
many's money conditions and the re-
ported liquidation of securities through
the London stock market appeared to
he the last straw, III view ot othor pur-
densome clements which have been 50
pronounced here for some time. Ihe
change of mind which il was reported
Governor Sulzor had experienced. me
indicated beginning of the END OF me
Turko- Balkan conflict and the sold-ou;
condition Of the stock market were sur
flcicnt 10 give the bulls little over
night encouragement. so that yesterday
morning. stimulated by European buy
Ing. estimated at about $4,000 shares
in this market, they proceeded 10 re-
verse the order of things. and at the
close of the market in by far the larg-
est percentage OF the list there were
gains recorded instead Of losses Is eX-
hibited on previous days.
The rise seemed to present no feature
Of leadership. Standard railroad and
Industrial shares responded to the buy
ing movement and developed strength
from the opening. If any special in
terest was evinced it was In Canadian
Pacific, which has such a strong Euro
pean connection. Had ii not been for
the unsettled position Of the Union
Southern Pacific dissolution plan, re-
sulting from the attitude Of the Cali
fornia Railroad Commission. II is pos
sible that a leadership In that direction
would have been followed by a greater
betterment than was recorded in the
days transactions. The Coppers re-
flected the better feeling regarding the
copper metal situation. but in some or
the Tobacco stocks there was consider
able weakness, which seemed TO be ac-
counted for by the uncertainty in the
action of the new Attorney General,
whose programme on the trust Gue5-
ton has not been definitely announced.
Reading was the most active stock on
the list and scored among the heaviest
gains for the day. Improvement of a
substantial nature in European affairs
cannot be accepted as the mere intima-
ton of Turkey to accept the good Offices
of mediation does not signify that
Balkan War troubles have ended. but
rather that an opportunity will be
granted for a period of parley, which,
Of course, may result in definite UNI
Outstanding and a declaration Of peace.
However, such a move is better than
no move, and the only thing now 20 do
is to await further information. SO far
as Germanys affairs are concerned
they are practically the same. minus
sensational cables. No engagements of
gold for Germany were definitely an
nounced but there are indications that
further shipments will be made during
this week. and an engagement of s.
100000 reported yesterday to go 10
Paris may be for Berlin account. An
engagement Of 100000 in gold for
Venezuela was also announced yester-
day. At the present time there is no
end in sight for the outward gold move
ment, and money times are not yet IN
a cheerful way.