New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-14
MARKET NEWS
AND COMMENT
Our Demands on Austria
Cause Little Selling
Trading Dull.
SMALL DECLINE IN
EARLY DEALINGS
Business in Bonds Falls Off
German Exchange Breaks to
New Low Record.

Publication of the demand made by
our authorities on Austria for salts
faction for the death Of our citizens Oh
the Ancona caused little selling of Sc
curities either from outside holders or
from traders. The day started with
prices irregularly lower, and there were
further losses in the early trading.
Then the market became dull, business
telling away in the afternoon to an IN
Usually small scale. with no important
a.. Dansion toward the close Changes
Oh the day were generally TO levels
fractioualiy below Saturdays close.
Losses Of a point or more were few.
The bond market Was also dull, bust
ness being reduced 10 only about 3d.
100000.
There was in the terms in which
our message 20 Austria was expressed
sufficient determination TO indicate
that continuance Of diplomatic rela-
tons depended upon q compliance with
our demands. That this determination
would be recognized by Austria, since
notes less drastic had been followed
with pledges from her ally. Germany,
appeared to be the market attitude.
Apart from some unimportant selling
BY Western spectators there was Mt
tie TO indicate liquidation. The uncer-
tain, hcsitating state of the market OF
recent days became more pronounced.
Little new purchasing appeared, ana
the professional trading element, whose
dealings supplied the bulk OF the bust
ness. found no reason in this foreign
complication to extend their commit
ments.
Irregular fluctuations of no great ex-
tent marked the carly dealings. Around
the middle of the day trading slack
ened and prices then hardened little.
There was no important increase OF
selling pressure at the close. and final
quotations were little above the low Of
the day In few railroad stocks
losses amounted to point or so.
Among these we're Rock Island, Union
and Southern Pacific, Canadian Pacific
and Baltimore &, Ohio. Reading, after
receding nearly a point, closed UNI
changed. The Anglo-French notes
changed hands as low as 94% for de-
layed delivery and At 98 for cash.
Some Of the less stable industrials
made losses a little larger. but there
was no heavy selling. Bethlehem Steel
on small dealings made maximum loss
Of 10 points, but recovered all except
later. American Tobacco, though the
president was quoted es expressing
confidence that the present dividend
had been fully earned. added more than
> points to its recent decline. There
was some selling of Peoples Gas. ac-
compsnied by doubts as to the per-
manence of its dividend rate. Consoli-
dated Gas dipped in sympathy, but re-
covered and ended higher on the day.
United States Steel. in which alone any
large amount of business was trans
acted, finished fractionally lower.
News Developments received even iess
attention than during the week before.
The Interstate Commerce Commission,
in allowing higher passenger rates for
the western lines and some higher
tariffs on livestock and meat products
gave further evidence that without the
aid of any investigating commission il
was possible for the carriers TO get
better return when need was shown
An analysis Of last Saturdays exports
showed the great outpouring of NUM-
tons Of war predicted earlier in the
year. On that day war material
shipped was valued at over S7,500,0 900
Exchange on Germany, which had
been fairly steady, broke again 70 a
new low record. Berlin checks were
dealt in at the rate of four marks for
773s cents, nearly IL cents below
metallic parity. The selling of mark
cables for Berlin account furnished the
most pronounced response of the day to
the increased tension with the Central
Powers.