Evening star., 1915-11-15
WALL STREET MARKET
SLOW AND IRREGULAR
Early Advances Are Not Maintained
and Some Slight Losses Attend
the Late Trading.
Coppers Display strength-Rails Are
Neglected-Operators Holding
Off for More Positive Trend.

NEW YORK, November 15.-During
the first hour of the session today 263,
200 shares of stocks were traded IN,
and less for the second hour.
1t was a traders market pure and
simple, with specialties here and there
favored Some of the rails were given
slight advances and equipment shares
were bought on the theory that they
were bound to go higher.
There isn't any question but what the
street is inclined to the bullish side and
that the great majority of traders be-
lieve that between now and the holi-
days very material advances will be
scored, but there is still suspicion
that between now and the first weeks
of December there will be another at
tempt for final shake-out before the
Christmas movement gets under real
headway.
Just for the moment there is. perhaps.
little Tightening of money, not mate
rial. as the banks confidently expect a
cali from the controller of the cur
rency and are anxious for the usual
good showing.
Business in the city is rushing in
nearly all lines and factories, business
and prosperity is h ere in chunks.
That there is a decrease in specu-
lative activity is not to be wondered
at when the recent heavy shake-outs
are considered. Many a handsome
profit was clipped sadly. if not entirely
wiped out. in drops on Studebaker.
Baldwin, Bethlehem Steel and other
specialties.
If there isn't much movement in some
of the prominent industrials and rail-
road stocks the latter are certainly not
under any selling pressure. and are
therefore holding their own in the
markets.
Opening Is Strong.
Immediately following the opening
the market showed firm tone and con-
tinued to improve slowly up to about
1:15, when the profit taking caused a
turn the other way. resulting in many
instances in wiping out the entire ad-
vance and in others OF parts Of the
early gain.
From this time up to the noon hour
business was decidedly quiet. every
one waiting to see which way the mar
ket was going, there being no definite
trend save in specialties.
Baldwin Locomotive opened at 122,
sold to 124A and back to 123h: Cruel
BILE Steel advanced IN to 7Sk, and lost
all the Improvement regaining frac-
tion.
Maxwell Motors at oI ~, tne nisn VI
the morning hours. was up u, but 1t
dropped back to 79&.
Studebaker at ITO was points high
er and dropped to 1854. coming back to
VI, the fraction representing the net
gain.
Bethlehem Steel rose to $50 and went
back to 440.
Westinghouse was 2; and wilIys-
Overland seven points better.
Mercantile Marine was one of the
;o1f haf oh cd nre i've
strength. 1t sold to SAN from a close
Saturday at 5Sh.
Price Recessions General.
During the early. hours of the after
noon the market dragged, with price
recessions general in all the leaders,
about the only strength. apparently,
being in the coppers and the oil shares.
Anaconda sold up to SO. Is net ad-
vance, and other copper stocks made
sharp gains.
The motor stocks were slow, and not
far from midway between the high and
the low of the mornings range. Bald
win. 122A: Studebaker. 1871: West
inghouse, 6sh: Goodrich. 73E: Cruel
BILE Steel, 76k, net loss of Il; Steel
common. S7A. a small fractional de-
cline.
III ttiC idiiSp ~ o W. ioSl n, Union
Pacific was where it closed Saturday
and other rails were barely steady
Much of the weakness during the
noon hour was attributed to the rumor
that English liner had been at
tackled. All gains were wiped out and
partial recoveries followed a denial
New Low Records at Closing.
In the final hour the entire list, with
but few exceptions, made new low rec
ords for the day and the closing showed
but few recoveries.
This weakness extended to Steel COM
mon and the rails also. but was more
marked in some of the specialties.
Industrial Alcohol lost 2k points.
Westinghouse point, Steel common "a .
Baldwin Locomotive 3 points, Crucibie
Steel 2k, American Can In, Maxwell
Motor 5. but regained four points of
this loss.
Studebaker declined 3h net, Goodrich
fractionally. and many minor indus
trials ! to points.
Reading was " off at the close, with
good fractional losses elsewhere
Strength in Anaconda and copper
stocks and oil shares was maintained
with slight recessions from high.