New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-05
REVIEW OF THE
STOCK MARKET
Late Selling Brings on a
Decline-UnCertainty in
Early Trading.

! \ day Of irregular and uncertain
trading ended yesterday with selling
movement that began i'm Rock Island
securities and finally reached the en-
/ tire active list over half a million
shares were sold in fairly large num-
/ her OF securities. Bonds were more &C
lively bought. 10 the amount Of ST.
100000
The market opened weak, following
the irrogularity OF the carly London
trading. The tone improved little as
the day advanced, with the low price
stocks and spccialtios again in the lead.
Around noon the general list was fsirly
strong. but a rush Of late selling orders
was more than the market could read
ilv absorb. Rumors OF the illness Of
prominent operator were used TO assist
| the late decline.
| Announcement shortly alter ! o'clock
that a committee was at work Consid-
ering what should be done toward re-
| adjusting the securities of Rock Island
| sent prices OF Rock Island stocks down
4
ferred TO lois, with net losses on the
day Of H.. and IS. respectively. The
collateral Is were again active, but
yielded little in price.
American Can was weak. common
and preferred declining points.
Amalgamated Copper showed early
strength on rather heavy trading
touching a new high record for the
year of 1875. despite estimates that the
statement of the Copper Producers
Association would show surplus stocks
Of the metal largely increased. Steel
was under considerable pressure.
though trade publications put it's pres
ont percentage of ingot production at
- and reported improved buying at
better prices in the iron and steel in
dustry.
! President Wilson's removal OF the
embargo on export of arms TO Mexico
had little market effect. Mexican
Petroleum went to 723s and American
Smelling and Refining to us, but
these advances Of around points were
nearly all wiped out in the late de-
! cline. Domestic difficulties in four
Southern neighbors, Peru, Nicaragua,
Hayti and Ecuador. were disregarded
Announcement by Attorney General
| McReynolds Of the postponement of the
! Southern Pacific suit had little in
! fuence on the price Of that security.
| though ii went through the late de
cline to finish the day unchanged from
/ Tuesdays close. Union Pacific pre-
| ferred and steel preferred were active
at advanced prices. apparently on in
vcstment buying.
| A fractional advance in open dis
| count rates in London and Paris and
the failure Of the Bank of England to
get it's share of the South African gold
this week caused general doubt OF a
further reduction Of the official mini
mum discount to-day i'm the British
! capital. The Bank of Austrias rate
| dropped to 4i2 per cent, the lowest
since the beginning Of the Balkan
troubles and a decrease in the rate Of
the Bank of Germany is expected to-
day. Money here was slightly easier
call loans being renewed at rs, with
time accommodation at some slight
concessions. Demand sterling was
/ firm. closing at an advance Of about 20
points The Sub-Treasury statement
showed the effect of the recent export
of gold 10 France The banks lost over
| 81 100000 on the day. making more
than $4,000 600 lost since Friday.