New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-24
WHAT THE BROKERS Think
Stock Market Outlook Based on
General Conditions.

General Conditions.
Reviews Of the week with forecasts al
fecting the probable course OF prices ana
degree OF activity In the near future are
ep!tomized In the following extracts:
Henry CIews G. Co.
1.-THE outlook for the market has It's
favorable features. sharp reaction mas
taken place during the current week, ow-
ing TO profit taking induced by eondl-
tons referred TO above. This has really
strengthened the market, for the supply
Of floating stock is small and the Sc
curities sold have generally passed INTO
strong and competent hands. When ao-
sentees return from vacations which VIII
be soon. we may look for a broader and
stronger market"
Posner g. Co.
Regarding the securities market de-
spite any of the so-called adverse factors
that have caused some hesitation IN the
upward movement, we feel confident that
the recent trend will be resumed shortly.
II has been clearly demonstrated that the
new leaders in the securities market nave
displayed more skill and ingenuity IN
their operations than are usually brought
about in operations OF this kind. III Is
also evident that these leaders possess
mastery qualities. This is resting
spell. and we believe the advance will be
resumed during the coming week, with
the copper stocks in the van of the IN
dustrials. while Reading and Union Pa
cifc will be the leaders in the railroad
list"
Wrenn Brothers & Co.
aside from crop news. the influences
Of the week have been mainly favoraole'
The markets for copper. tin and lead dlS-
play a better undertone, and even IN the
iron and steel market sentiment is m
.proving Monetary conditions are so sat
isfactory that the opinion is fast gaining
ground that there will be no money furry
this autumn. and present indications are
that during the balance of the year call
money will fuctuate from l to 3 per cent
below the current yielding rates of good
stocks and bonds. The consequent proh'
In carrying stocks with borrowed fNnus
should stimulate buying, and this, added
10 the investment and professional buying
already under way. should help the mar
ket. Outside influences are for the time
neutral or favorable. The Mexican stu
alton, while difficult enough In itself, docs
not promise 10 become financial FACTOR
of consequence, as our government Is pro-
ceeding with much caution. Europe. with
the ending of the Balkan war, has APP
parently ceased to sell American securl-
lies and turned buyer
John Muir & Co.
"The crop loss will be fairly well dis
tributed. Railroad tonnage is more di-
diversified than II was ten or twenty
years ago. and Is less directly anected
Az crop shortage The wheat crop will
be the second largest ever grown. The
cotton crop is likely 10 measure well up
to last years yield. the second largest
ever grown. The carry-over Of last year
grain is almost a record breaker And
finally. stock prices. having discounted
much that was expected and has not hap
uened. have probably discounted what was
not expected and has happened
Moore, Leonard G. Lewis.
THE stock market undertOne continues
reasonably cheerful The corner was
turned when Secretary McAdoo announced
his intention of giving all the assistance
10 the money market in his power. Since
then recuperative tendencies have been
steadily at work. When the tariff is set
tied the relief to business will probably
be partly reflected in stocks. There is still
some hope of securing currency bill TINS
session in spite Of the confused situation,
President Wilson's quiet but firm ana
rational insistence upon action being a
strong basis for hope in this direction.
The Mexican situation has disturbing pos
sibilities, yet It should be remembered that
the United States does not want war with
Mexico and that the government is doing
its utmost to avoid such calamity.
Technically the market is In good posi-
ton"