New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-06
REVIEW OF The
STOCK MARKET
Prices ReactiOnary in Day
of Dull Trading
Bonds Still Firm.


ment seemed. temporarily at least
pretty we'll exhausted in yesterdays
market. The volume Of business was
small. the total OF shares sold beinS
not over 10000 and prices moved
within narrow range. Principal activ;-
" was in issues for which there is
generally little market. The usual
leaders were comparatively neglected,
showing slight price changes and those
generally reactionary Bonds. how
ever. were still firm. and about S3ioo,-
600 were sold. Foreign buying here
was still in evidence. though a profit
taking reaction was reported from
London.
After an opening in which price
changes were few and unimportant
the trading was dull and comparative
~ featureless until afternoon, when,
as on the day before, professional SELL
ing depressed practically the entire
list. American Can common and pre-
ferred were comparatively strong, the
1
After announcement had been made
that hearings in the antitrust suit
against the company had been post
poned reports Immediately became
current that an understanding leading
to an amicable settlement with the
government had been reached.
Third Avenue, Sea board Air Line.
Central Leather and California Petrol
cum showed unusual activity. Steel
remained unchanged, though increases
| in untitled tonnage reported by the
Independent steel companies led 10
expectations that the next statement
of the big corporation would make a
better showing Of untitled orders.
As had been expected, the Bank Of
Germany lowered its minimum dis
count rate from Az TO 4 per cent and
the Bank Of England held its present
figure of per cent unchanged. The
Bank of England reported decrease
Of over S2,5OQOOO in gold coin and
bullion, having failed 10 obtain its
usual allotment of South African gold.
/ However, the percentage Of. reserve
was still high, at 1896, as against
/ 55.3S a week ago. The weekly state
ment of the Bank Of France gave in
creased holdings Of gold and silver of
over 25,OOO,OO0 francs. with a decrease
OF 100000 in general deposits and
an increase Of 1874 100000 in circula-
ton.
Money here continued in abundance,
Call loans renewed at rs per cent,
with ia per cent the low rate. Time
accommodations were slightly easier.
Demand sterling was firm al a further
slight advance on news from London
of an increase in the private discount
rate. The Sub-Treasury continued a
creditor at the Clearing House. the
loss by the banks being now over
! s., 100000 since Friday.
/ News from Washington again failed
to produce anything of definite market
/ influence. Reports of the hearing on
the owen bill to regulate stock ex-
tHdlStS gave SIdiIylDS SNlutIlce OF
the unfriendly attitude Of the Senate
Committee toward the measure and in
dictated, as had been expected. that the
exchange would be allowed 10 continue
without Incorporation. President HUI
crta's published messages Of confidence
were accepted as a clever bit Of public
| ity work to counteract the effect Of
the removal Of the embargo on export
of arms TO the revolutionists. The at
titude OF the Street toward the admin
istrations Mexican policy remains one
of perpleXity, with some belief in "A
joint military demonstration by this
country and European powers as the
ultimate outcome.