New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-09
STOCK MARKET REVIEW
Early Strength in CopperS and
Specials, Closing Dull.

Yesterdays stock market was !ei'
for its leadership TO other IMAM 'iio
standard issues, except so far as Anlai-
gamated Copper might be accepted as
representative and its influence ac-
knowiedged as a director of the mar
kets trend. Irregularity marked 'he
opening prices, but the coppers were
notably strong as a result of the de-
cded advance Of the price OF the neldi
in London and prevailing sei'ei"
idea that THE Producers copper
statement would show conslderaoie
| decrease in the stocks on hand Aildl-
gamated Copper American SmeltiHs
and Refining, Utah and other copper
issues were features on the size Oh
early improvement, while'United STATES
Steel, Union Pacific. Reading and olher
railroad issues displayed decIin'hs
tendency and were neglected III the
trading.
Equipment stocks came in for atteh-
ton and as the interest in the copPerS
lessened the equipment issues were
taken up by the professional traders
and given boost, which had been eA-
pected for some time, but was late III
arriving. The initial energy RESPONSE
BILE for higher prices among the sew
eral less prominent issues did not main
tain its force. and during the secohu
hour the market sagged into state OF
inactivity and resolved itself INTO
trading affair which moved Wl'hih
very limited price range, rejecting Ihe
period of uncertainty in crops. ponies
and business more than any other feat
ure.
The copper report. showing de-
crease Of over $4,000, 900 pounds in the
stocks of copper metal on hand was
more favorable than had been expect
ed, but the publication of the hgures
did not produce any marked depression
on the stock market and trading De
came very quiet in the early afternoon,
with no appreciable change III prices.
The dulness developed soft tendency
in several of the issues noticeable Tor
strength during the forenoon ana AT
the close irregularity and lack OF
interest predominated. few specials
recorded impressive gains. the chlei
among which was Mexican Petroleum.
which had an advance of more than
points.
As a whole during the days business
there were no signs of real liquidation
and the stock market assumed an atu-
tude of expectation, waiting on the
government crop report, which VIII be
made public to-day. The foreign STOCK
markets were firm but quiet, and Lon
don was inactive IL view Of the settle
ment. which begins to-day, so mere was
little stimulating influence obtained
from operations abroad. a reflection
OF the Balkan situation was nGted IN
the reported negotiations by the BAL
kan States and Turkey 10 obtain
money, some Of which, II was sald' Is
being arranged for on this side. The
report OF tne NOIllOlISi Va w "
rency on the condition Of all national
banks in the United States on August
Q exhibited loan expansion, not only
in comparison with the June call but
in the figures for the twelve months
period over a year ago. The statement
was not one to afford much consolation
TO those who are watching the banking
situation as an index Of the general
trend Of trade and industry.
The local monetary situation pre-
sented no important changes. and call
loans were renewed at ) per cent. with
Il slightly lower rate later. There was
some restriction noticeable in the Of
ierings Of time money.
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