New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-10
STOCK MARKET REVIEW
More ACtivity,with Some Higher
Prices Recorded Yesterday.

The stock market yesterday was
treated TO varying experiences OF az
vances and declines. but the result Oh
the days trading contributed a niue
comfort TO the bull side, while II leIt
the general trend unsettled. A uuIl
and heavy tone ruled the opening, ana
the little buying in evidence was
classed more as short covering man as
commitments for an upward move
Union Pacific made a show OF strength
with an overnight recovery OF y point
and Southern Pacific displayed a frac-
tional gain. The opening OF Steel was
at an unchanged quotation, but Anal
gamated Copper was off Il. Ameri-
can Telephone and Telegraph suffered
an initial loss Of Il. and in Canadian
Pacific the decline was q below
Wednesdays last price.
An attempt at a rally was made dur
ing the first hour, based on the sched-
ule meeting of the Union Pacific
directors during the day, who were eX-
pected to make an announcement re-
gardng a special distribution TO stock
But the attempt failed TO result in
anything like an advance, although
American Can exhibited individual
strength on the prospect of reported
better earnings. The market fell back
into state Of dulness, while prices
cased off In the early part of the sec
ond hour. and interest in trading praC-
tically ceased. In the early afternoon
another attempt was made TO rally the
market which was not successful. and
the official statement of the Union Pa
cific seemed TO give little consolation 10
the bull side, although at the close
Union had a fractional gain. In
United States Steel common a firmer
tendency prevailed in the afternoon.
and al the close was a point higher
than on Wednesday. The volume Of
trading. as a whole, was heavier than
on Wednesday. Notwithstanding the
interest in the ball game, which at
tracted many brokers from the Street
and the exchange in the afternoon.
United States government IS touched
new low price without any apparent
influence on the market in general.
No assistance was obtained from the
foreign field. as transactions in inter
national issues were not favorable to
betterment, and the London stock
market was generally depressed. The
news Of the day which gave a favor
able touch to the passing events was a
report Of a big decrease in idle cars.
The net surplus of freight cars on
october l. reported by the American
Railways Association, was 1O,374, as
compared with 40,159 on September IL.
AS October is the month in which
shortages Of cars usually develop.
there is prospect that the October II
report Will show considerable net
shortage.
The government crop report given
out yesterday, while little changed.
was more promising, and showed
Yields exceeding the estimates of a
month ago. particularly in the oat
crop as the increase on the Septem-
her figures was very substantial. The
wheat crop. indicated at 1913. IA. 900
bushels, is the highest total on record.
Operating temporarily against bullish
sentiment was the hardening tendency
In the money market, in which there
was an advance in rates for time &C
commodations. and a more insistent
demand was reported. In call loans
however, the renewal rate remained 4
per cent