Evening star., 1915-12-22
ARE LEADERS
IN A QUIET MARKET
EARLY spurt of Strength Soon Lost,
But Demand for Metals Brings
More Firmness.
Anthracite Rails Make Gains, While
General List Is Slow-Some
of the Influences.

NEW YORK, December 22.-The stock
market still lacks definite trend and is
in a position to turn one way or the
other on short notice. Friends of high
err prices. or rather those who look
for better market, seem to base their
views on the fact that for several
weeks on the sllmmest kind Of trading
list has maintained a fairly strong
front
1t is further argued that a marRet
that will resist the kind Of news tha'
has been coming out on foreign al
fairs and the weakness in Franco
British bonds will go the other way on
the slightest good news.
At the immediate opening the mar
ket showed a disposition to advance
under the lead of the copper shares
and little better tone in the motor
and other shares in the so-called war
group.
Advancing Trend Checked.
After getting under way the list
again sagged, the advancing trend
being checked before the session was
a half-hour old.
OF the metal stocks those that were
especially strong were Greene Cananea
Copper, Inspiration Copper. Tennessee
and Chino and Natioal Leao, all Oh
which scored advances advances .,n,n1 v.s,er-
day, and United states Steel were un
der more or less pressure. put the LOT
mer held firmly and the latter, aIter
an early fractional gain. dropped PACK
to Tuesdays close. 49,
The rails were almost neglected. the
only evidences of strength worthy OF men,
ton being in the hard coalers.
Lackawanna's Sensational Gain.
Delaware, Lackawanna and Western
made a sensational gain OF IL points, ris-
ing to 232, while Delaware and HUDSON
made a fractional advance
Reading gained half a point. and other
gains we're less than this, while the Er1es
and Union Pacific showed slight recess
sions.
At one time Baldwin Locomotive was
more than a point higher, but the gain
was lost
Crucible steel was u OF. Maxwell
Motors a. higher Studebaker gained "
and Utah Copper et.
Greene Cananea advanced to 81. and
receded to 49. holding point net ad-
vance.
coppers Make Further Gains.
In the afternoon the, attention OF the
market was more generally centered In
the coppers thar, in the morning and these
shares developed additional strength, and
advanced nearly points. giving better
tone to the market.
While the feeling was a little better
the advance in the metal shares was not
reflected in the rails, and only. to very
limited extent in other industrials.
The action Of the Pennsylvania d.
rectoTs In increasing dividends had no
erect on prices for the stock
Anaconda touched 80 V, . % net gain
rytah Conner sold to so, y advance
Smeiter recovered ita early high, as oio
Greene Cananea.
Further Gains Later.
Further gains were made in the cop
nara. rubbers and oil stocks in the second
bour Of the afternoon. and then as the
mai hour drew near a close. there was
some profit-tahing and slight recessions
from high.
But the market remained STEADY
nropress being made on the bull side
~ the market on Steel common and
some other industrials outside or the
groups mentioned. Studebaker making
a 2t advance. "a.
Mexican Petroleum on its advance
touched l03A. as compared with q
closing yesterday at 9S%
The closing was steady.