New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-27
STOCK MARKET REVIEW
Local Prices Reflect Foreign I'M
OBSERVATION-DISCLOSURES Strong.

London experienced a similar degree
Of rallying power that the New YORK
stock market presented on Tuesday.
and there was q general advance III
prices on the London Stock EXcha'5c'
Favorabl sentiment abroad was ma
terially assisted by the decided I'M
movement in the Balkan outlook, |"
which the reported settlement of me
dispute between SerVa and Montehc-
gro contributed. and the occupation o.
Adrianople by the Bulgarans pr2ch-
caily marked the final passage OF arms
in The Balkan conflict. The tone of Inc
addresses by Premier Asquith and Sir
Edward Grey in the English House oi
Commons. conveying the information
that the powers we're agreed on me
lines of settlement in the Balkan war
Issue seemed TO fill in the necessary
link IN q complete carly restoration OF
pea, conditions and the beEinninS vi
an Improvement which should be hc'"-
full 10 all Europe and in turn pencu'IHi
ia this country. The buying influence
in the New York stock market ycstcr-
dav was chiefly foreign. and based OH
the generally cheerful outlook in 2u'
rope. may have been beginning ~
movement to secure a return of some
American securities which the foreign
ers disposed of in the latter part Oh
1912 and the early part of this year.
Naturally the relief abroad following
so prolonged period of depression
was stimulating, but whether 1t was
, overdone is question which viii be
, answered in the next few days. The
closing Yesterday was easier and JOS
siby indicated a reaction. 1t Will re-
quire some time 10 remove the STRAIN
Of money conditions abroad. and Jur-
ing that period of readjustment it =
open TO discussion whether European
stock markets will continue 10 he Dull
ish. That a response TO the buying
enthusiasm OF Europe should he MADE
here was not strange, although condi-
tions in this country were far rom
cheerful. To minimize the extent OF
The storm disaster in the West Is not
the part of wisdom, rs the effects VIII
be felt severely for some time TO come.
Large corporations doing business IN
the stricken districts will be immeas-
urably hurt. Thousands Of working
men will remain out of employment for
an indefinite period and particularly IS
this evident from the reports of the
Steel Corporation and independent steel
companies, which have been forced TO
close many Of their plants.
The loss to railroad property must be
very great. and when the final damage
has been figured the amount Will he
sufficiently large TO cause heavy odt-
lay and an inroad on earnings. The re-
port from Albany that bills affecting
the Stock Exchange, especially the che
10 compel incorporation. had passed the
Assembly by a decisive vote was not
stimulating TO traders and the Street
generally Notes OF warning from some
financial leaders advising conservatism
also were not encouraging, but these
adverse incidents largely. were passed
over, and the stock market put in
vigorous afternoon, with prices among
the specials and few standards on tho
rising side and closing which dis
played good support and some impress
eive gains The volume Of trading for
the day was greater, but the list pre-
scented more irregularity than on Tues
day.
Local call money ranged around AZ
per cent and was freely offered -
out of town interests and local banks.
There was no broad demand, and the
prospect for "A comparatively easy tone
locally during the next few days
seemed very good.