New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-07
OUTLOOK TN THE
STOCK MARKET
Views of Brokers in the Wall
Street District - Senti-
ment Better.

The irmer tone which took possession
of the stock market during the closing
days OF last week has added interest to
the question regarding the probable trend
of prices. The following views OF brokers
are published for the benefit of readers;
Wrenn Brothers & Co.
Favorable developments now seem to
predominant. The Mexican imbrogllo'
which for weeks has threatened at any
time TO cause a sharp break in the mar
ket. now shows definite promise of an
early settlement through the impending
fall of the Huerta regime; and this fact
has been clearly brought out, not only
by the unofficial news from Mexico but
also by President Wilson's message. This
message, too. displays such tone OF
moderation as to be reassuring rather
than disturbing Meantime. the reported
stay in the New Haven suit may perhaps
bc taken 10 reflect a less pusilistic atu-
tude on the part of the government. and
a growing disposition on the part of cor
pOrations to respect the Sherman law.
Not only current developments but also
seasonal tendencies are favorable to the
market: for the December Of 1899 was
about tho only one in a half century when
any serious decline occurred. That dan
ger from monetary strain is now all over,
rs it usually is at this season, is demon
strated ~ the flrmness Of stocks on Mon
day and Tuesday when call money ruled
at and 6 per cent respectively"
Henry Clews & Co.
"The recent protracted decline has prob
ably not only discounted the ills that we
have been compelled 10 experience in the
last few months but the ills that are still
10 come. IL may now be possible to dis
count Improvement in the future. There
has been a marked recession in general in
Custrial and mercantile activities This is
not unlikely TO increase before It finally
eliminates. But the market for securities
may already be regarded as being in a
position. to some extent, where 1t is look
ing beyond the point Of elimination
j. Frank Howell.
"A change in tone from dependency to
2 condition of budding hOpefulness is
present feature Of the stock market.
There is more life 10 the trading. and II
takes something weightier than the offer
Of a few hundred shares to disturb the
nerves Of the Street. The fog is clearing
away and operations are conducted with
greater confidence than for several weeks.
The testing process IS making satisfac
tory progress this time The cheering
effect Of the Presidents message is still
felt as an encou-a cling factor"
John n. Davis & Co.
"Forearmed by foresight and secured
by preparation the stock market now is
accepting with complacency the realiza-
tion Of long effective fears II is display
ing not only indifference to much that is
obvious and unfavorable, but also calm
ness as 10 much more that remains I'M
certain and vexatious. Furthermore, it is
suggesting budding appreciation of favor
able possibilities Of the future. In our
opinion. this condition and action of the
market furnish reason for new conserva-
tive optimism, and we are breaking a
silence Of many months TO express belief
in coming improvement in the general
financial situation"
Moore, Leonard & Lewis.
The improved tendency which gradu-
ally has been developed IN the stock mar
ket since the middle Of November ac-
quired increased Roadway during the cur
rent week.
THE fact that banking legislation is so
clearly in sight is. we believe. an element
OF strength in the market that has not
thus far received the general attention
that IL merits
Finley Darrell & Co.
Average price of the four active specu-
lative leaders rose 1ss points this last
week. There was an awakening to the
significance OF the markets firm resis-
tance to bear pressure, and this was re-
fected in the buying. which caused the
rise. Some OF the purchases were made
for short account, no doubt, but there was