The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-10
FINANCIAL NEWS
AND COMMENT
Quiet Trading in Stocks. With
an Irregular Price Move
mpnt.
L. :. STEEL'S ORDER GAIN

Stocks moved irrepui igly and quietly
in Yesterdays half session Dealings
showed A tendency to fan IN and prices
inclined 10 se. back a little further. al
though there were some substantial gains
The action Of the market as whole
was more ur less Natural after week
Of broadening activity u, rising quota
tons, especially when dealings are pre-
dominautly professional The heaYnes'
of Baltimore and ohio, which has been
discountiuE reduction in the dtNidend'
exercised some reactioudry influence. bu'
nothing of this sor; WAS really CONTROL
ing
President wilson's speech at Indianap-
oils was to say the least Disappointing
II proved chilly 20 hopes which we're
based on the cuuntrys vote last Norem-
ber and in hardly any particular was
II encoura ging to business optimism. From
Its declaration of policy toward Mexico
TO its advocacy Of that supreme folly. me
ship purchase hill r. exhibited total
lack Of essential sympathy with he
business point Of view. The address. taken
In the large. illustrated what tine financial
communii, means when n insist that pol
itics al Washington Is the worst thing
which the country has 10 contend with
at the present time. worse even than The
war factor
Were 10 not that bankers and business
men are persuaded thai the misiortunes
81 Europe are going TO prove .couunically
fortunate for the United States. the por-
tents ~ domestic politics would hr more
discouraRing than They are Besides,
there is a sturdy conviction that politics
IL heading In the wrong direction when
IL continues to ignore business ideas and
that the electorate Will properly deal win
II when opportunity offers. Wall street
sentiment has also taken some euCoula ge-
men from the late :reud of Federal court
decisions, eliminating In tho hoycot; dam.
age ruling against the bauhury hatters,
and expects thai the judicial pro cc'lnu
~ property rights will be more empha
sized IN tho near future than In the re-
,ent past
DESPITE talk about the pos= ibi.ties ~
an embargo on wheat to keep some supply
FOR domestic needs the wheat market dis
,layed underlying strength. Foreign eN-
-hange sold at the lowelr levels ot the
week and great interest was manifested
n the receipt OF $3.50. uoO gold here from
Canada. II was doubted II this pointed
tn the probability OF any large import
movement by way Of taking back our gold
sent to Ottawa last fall. aud there was an
inclination to think that international
transfers. for tho present might be chiefly
for tho nurpose of accommodating the
Rank OF France. which began the other
law. with the deposit Of $4,000 O00 gold
na national bank to accumulate a re-
serve fund in this city.
The weekly bank statement was more
,r less in line with preliminary anticipa-
ions A loan decrease Of 81 500. 900 was
reported aud S6.5oO,u0n was added to re-
serves The exhibit only serves To en-
1hasize the tokens Of the money market
turing the week with call .oans at -,
ner cent and time funds from 81 to
iis per cent. bid for all maturitlrs, th"l
he capacity to extend credit accommoda
Ion was growing
None OF the predictions Ihou' th'
United states steel Cooperation t"nnae'
statement was NeHheu. Inc REPORT
showed that IN Deceihher me corporation
nah m%He q net gan, Oh 'I-'''l IONS "
onward oruerS p'I't rs l''ulI VI Ie
lnced operations ~ me mus, puI NOR
Is "ohseluenC" ol new laliro'" ny ny
ns ioho"l"s 'l,t 'I'n.. '','
noWu'H - III W Is sue, '','.'H' ~,
'H ",,I ~, -, ~, ,.',,ls
- Wy '' -, -, w., ti,,
',... - ,ho s., Cnr,o,.,,io,.