New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-21
MARKET NEWS
AND COMMENT
No Certain Price Trend
Few Issues Above the
High of Tuesday.
WAITING MARKET;
LIST STILL BROAD
Dealings in Railroads Light
Bonds Firm. with Trading
Well Distributed.

Security prices yesterday Huctuated
in uncertain fashion. New high rec
ords b. A few favored issues gave AZ
times an appearance OF strength 20 the
market which was not carried out else
where. Not many stocks got above the
best 81 the day before, and among
those most dealt in fractional losses
were the rule At the close. number
Of specialtics were brought forward
ard the list was still broad. w''h the
DAYS total over 100000 shares Trad
,nc in the railroad list was further re-
duced, while talk Of new war orders
served 10 advance some Of the equip
ment issues. Bonds were Arm, with
dealings well distributed
The market appeared 70 be waiting
for some stimulus 20 start it in mo-
ton. The great Teutonic drive IN the
Balkans that has so disturbed the
allied powers does not seem directly TO
influence traders here There is some
talk Of It's possible effect upon the plan
for opening the Dsrdanellcs 10 Russian
grain and upon new munition contracts
Further than that the stirring news
from Europe gets little attention. The
Balkan situation is. however, big with
possibilities that might come with pow
erful effect upon a hesitating security
market here.
United States Steel. whose previous
strength had been so influential
throughout the list, was quieter yester-
day and moved in a narrower range
ending n shade below Tuesdays close.
That the report for the quarter TO be
presented next week will be an excel
lent one no one doubts. but that the
directors will consider il wise 70 re
sumo dividends at once instead OF re
plenishing the depreciation account
Gnds less support.
Higher prices for steel products. bet
fey buying Of pig iron and h"avy or
doris for finished steel are reported by
trade authorities. The suggestion that
~. British government may place an
enlarge on steel exports furnishes pos
S,riiity for an even greater expansion
o. 'orcign business These glowing &C
counts found little reflection in move
molt Of the steel company issues in
yesterdays market.
Overnight changes throughout the
list we've small and with 10 definite
-ro1d. The market showing little dis
position 20 20 up, traders sold around
noon. but accomplished lite. toward
any important reaction. There was a
slight recovery in the early afternoon
and marked irregularity toward the
close.
Bethlehem Steel on comparatively
small dealings went up more than 81
points, ending at its best. Studebaker
closed 7 points higher Inspiration
Copper advanced in active dealings.
American Locomotive and Car and
Foundry were yher. Allis-Chalmers
improved and Consolidated Gas recov-
cred points OF its loss of the day be-
fore. Elsewhere most of the changes
on the day were Of fractions, with
losses outnumbering gains.
The local money market had an
easier tendency following the addition
from abroad 10 local reserves, though
rates were about as on the day before.
Sterling exchange fell a little lower.
This continued weakness in sterling in
tensihed curiosity as TO how the credit
obtained By the sale of the Anglo
French notes here was 20 he applied.
The recent decline and the gold i'm
ports indicate that IL is 70 he drawn
on sparingly so as 20 be available for
some time.