New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-27
STOCK MARKET REVIEW
Prices Improve and Generally
Better at the Close.

Driven between currents Of enthusl-
asm and del ression, the stock market
yesterday followed an irregular course
during the days trading. but In the
main preserved a firm tone, encouraged
by those operating the upward move
ment under the leadership OF Union
Pacific. At the opening dealings were
limited and there was a Discrimination
on the part of those favorable TO either
side 10 make commitments, and senn-
ment was expressed in words rather
than in action. Confirmation or the
rumor regarding Peoples Gas inspired
new faith in other rumors, parficu-
larly in Union Pacific, and purchases
made by one commission house sup
posed to represent some Of the largest
interests in the Street were pointed 10
by the confident traders as sign that
something in the way Of distribution
was still pending and that 1t will not
he long before the plums will begin 10
drop from the Union Pacifc's tree.
During the forenoon the market had
periods Of rallying and reaction. but
the trend appeared 10 be upward until
I'm the early afternoon. when the mar
ket became narrow and strength was
confined chiefly TO n few issues. one OF
the strong specialties was Pullman,
which advanced easily and seemed TO
have discounted all the bearish discus
sion associated with 1t when the agi-
tation for steel cars indicated changes
which might be very expensive 10 the
Pullman company.
Strength in the local market was
given an impetus by the showing OF
improvement in American shares in the
London trading, reported at the close
in that market. In other departments
OF the London stock market, however
irregularity and inactivity were mani
tested, rejecting some depression due
to the unsettlement in Albania.
In the late afternoon movements on
the New York Stock Exchange dis
played an inactive state except IN one
Steel and Reading were steady at the
close. but business in many issues was
light and price changes throughout the
list were unimportant. The interest
some railway earnings reports for Au-
gust, among which Union Paclfc's
statement made a poor showing a re-
sult generally expected after Southern
Paciflc's figures were made public On
Thursday. The decrease in gross only
amounted to 1886. but the net loss
totalled S5S2.6 Compared with this
showing was favorable return made
by Chicago & Northwestern. which dis
played a gain Of S4S4.5S9 In gross. with
small net increase. Colorado &
Southern also had an increase in gross
amounting TO S14S,3S5 and net gain
Of S44,564
a dispatch from Philadelphia stating
that the Pennsylvania has decided 10
dispose Of its anthracite holdings af-
forded a subject for discussion in the
afternoon and was accepted as a move
on the part Of the road to forestall
any government action.
The local monetary situation was IA
vorably Influenced by the reported
movements Of currency this week. In
dicating gain in cash by the banks Of
over 100000. An announcement by
the Secretary Of the Treasury that the
amount Of crop money distributed
among the banks so far has totallcd
S24. $4,000 seemed to have favorable
sentimental influence on time loans,
which was slightly lower yesterday.
Call money was renewed at 2a per
cent. More gold was engaged for ship
ment TO Canada.