New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-31
MARKET NEWS
AND COMMENT
Railroad Stocks Again q.
to New High Levels
Active List Broad.
TRADING ON LARGE
SCALE FOR WEEK ENn
Coppers Make Little Headw.v-
War Group Irregular
Sterling Lower

The week end did rot s,op n.
vance Of railroads 70 higher 80.
Elsewhere there vas more or l.,.
eyenness TO prices, as trader, ,l..-,
out commitments The war 49,.
were particularly uncertain. wiz,
losses and few gains Of any o,.,.'
ton. For the Two hours Of ,r,,;.
total Of over 100000 share, wa.
20 that Of the immense ,p..ul..;v
markets with which the month ~.
and the list Of issues dealt in
most as broad as on any p,.v,.-
full session.
The day began with dealing. in l,,-
volume At higher prices Prof. 80.
brought some reaction soon att, ..
opening, but in the main realizing ,I..
were well absorbed, End recovery ~.
lowed. In the last hour new 49,.
prices we're made by some Of II. ,,a
roads, while others fell back . Inn.
Favorable earnings statements ma.
public during the day and In pr.,...,
served as bull arguments for N. en-.
ricrs. The copper stocks did 40, sox
their gains as on Friday. and ,,,,.
from some OF the less active su,s,.'
bile issues, there were few cosri,-.
oVs gains in the war group. CrrA.
Steel was reactiorary. BALDWIN L1.n.
motive fell back > points, and bs,s.
lehem Steel. just at the close. Va,
dealt in more than 10 points b.lsv
the final price Of the day before.
In the second hour Union ard South.
ern Pacific went up % 2 points above
Fridays close. Chesapeake & Ohio
was also exceptionally strong. endIrs
with a gain Of points. Reading lo,.
its early gain 70 end fraction down.
A. their best tran poItation issues
generally were from 10 2 points
higher. Trading IN the carriers formed
large proportion o. the DAYS busi.
ness. United States Steel, which wa,
the most active stock, opened a, 81,
now high for the year, and was
dealt In slightly above this figure, clos
ing with a fractional gain.
The bond market was unusually
broad, with an excellent purehesin.
demand on the exchange and over the
counter. The last week has seen
further strength in the bond marks.
and an increasing scarcity Of issues
Of the highest grade. With this i'm.
provement in investment circles sore
small corporate financing has been ~.
ranged. and more is understood 70 b
in prospect.
The Clearing House statement Of
actual condition ~ the end OF the week
put surplus reserve more than ST.
100000 higher. Coming November
payments and financing Of foreign
loans and OF our purchases Of seeuri-
ties from the other side sent loans
more than S24000.00 higher. while DE-
mand deposits increased s2i.c00000.
Against this the aggregate reserve es-
banded over ss,000.000 more than SUI
fcient 10 meet additional requirements.
Besides the s1f.000.0o0 or 50 o. gold
received early in the week Their. was
imported yesterday through Canada
from London about s5,000.0Oo in SOW
ereigns. and further shipments ere
expected this week. Sterling exchange
fell hack yesterday more than . cents
In the pound 70 4.62c for demand. with
little purchasing, and exchange on
Paris also declined. The exchange
market. particularly in sterling. mas
been highly speculative one for the
last few days. advancing rapidly on
any appearance Of vigorous buying and
relapsing when bills in volume were
pressed for sale.