New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-08-25
MARKET NEWS
AND COMMENT
German Plea for Delay
Followed by a Broad
Upturn in Stocks.
CLOSING PRICES
ABOUT THE BEST
~ c Cta1I Ct:II <ho / ~ dor
u. S. Steel Still the Leader
Railroad Issues Sluggish
Pools Busy Early.

The market closed with hope that
the international crisis might pass re-
fected in a broad advance among the
industrials that left them with gains
of from TO points and more among
active issues. Trust that explanation
of Germany's unexpected move toward
Cancellation would further lessen the
tension made final prices about the
best of the day. in spite of consider
able profit taking on the rise. The
instructions from Berlin that our gov
eminent be requested to withhold ac-
ton until all the facts of the sinking
of the Arabic had been brought out
seemed in itself sufficient evidence to
warrant belief in possibility of some
change in the submarine blockade
which has brought this country so
close TO the breaking point with Ger
many.
Traders went home in expectation
Of an excited opening to-day, if. in
deed, a way out had been found Of
what a member of the Presidents Off
cial family had characterized as a
great international crisis that might
require pledging of our lives and sa-
cred honor. Mondays extreme de-
cline, it had been generally accepted,
had measured the extent Of the mar
ket's reaction to news of the attack
on the White Star liner bearing our
citizens. 1t was recognized. however.
that Washington's action in the mat
ter had not been discounted. and the
market in the forenoon. while no longer
reactionary, was far from confident.
Early trading was on much less
active scale than of late, with pool
operations in the war stocks RESPONSE
BILE for a number of gains. Orders for
war supplies. persuasively put forward
without official confirmation. served to
advance favored stocks up Q, 3 and 5
points, with Lackawanna Steel up 7
and Air Brake IL points. United
States Steel, which continued impress
sively to furnish the greatest amount
of business. was dealt in as high as
1871, an advance Of a little over IA
points before midday.
The noon hour was quiet, at prices
fairly steady. Little liquidation had
come to weaken the market. and short
selling and profit taking had been well
absorbed. Toward the start Of the
last hour reports that the German En-
bassy had pronounced break in inter
national relations impossible, started
vigorous upturn. which was continued
TO the close. Profit taking at times
checked the advance. but only tempo
rarily.
At the end of the day United States
Steel stood at "a. up over 3 points
after dealings that accounted for more
than a quarter of the days turnover
Of some 100000 shares. Net gains of
around 4 points were made by Ameri-
can and Baldwin Locomotive, Beet
Sugar was up over 8. Westinghouse
made a maximum gain of over 2. Lack
wanna. Crucible Steel and Studebaker
OF or more. while Air Brake was 13
points higher. Railroads had a small
share in the movement. Rock Island
alone in the list of carriers to receive
much attention. made up part of an
carly reaction. to close fraction lower
en- the day.
The foreign exchange market was
quiet. sterling registering a small de-
cline. Exchange on Berlin weakened
to a new low. those having balances in
Germany apparently not being encour-
aged by the news of strength in the
stock market. Francs improved as es-
adjustment of the $4,000, 900 CONNER
cial credit here for France became
known in exchange circles.