New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-19
MARKET NEWS
AND COMMENT
Securities Little Changed
in Dull, Apathetic
Short Session.
UNEVEN GAINS OF
FRACTIONS AT CLOSE
some FirmneSs in Coppers-A
Few Industrials Up-Bank
Surplus Off S2O,OOO,0OO.

securities moved little yesterday,
s1d dealings Of under 100000 shares
made an unusually small Saturday.
pur dispute with Austria was ignored
md no other outside influence could
e. traced in the uncertain irregular
curse of securities. At the opening
here we're a number OF small frac-
ional gains. a little weaker trend fol-
owed and then prices hardened. Stocks
e the close were generally fraetionaily
,bove the final levels Of Friday, with a
lew exceptional advances that reached
, point or more. Bonds, too, we're dull
The Anglo-French notes again ended a.
Is after one sale as iow as 94@s for
Iture delivery.
In few issues did dealings reach a.
much as 10000 shares. Steel, after us
,aietest day Tor months, ended with
'iactional gain. Al :he opening 1t mad
made or advance of some extent, but
interest an .he issue died away. The
.opper stocks showed Irregular improve
ment. with Chino particularly firm;
Toward the close some of the chemlca
ssues improved. One or two low-prlced
mining issues rallied. Baldwin Loco
motive was heavy and ended lower.
The week ended in quiet, with prices
N the main not greatly changed from
hose Of the Saturday before. Inc
alarm over the Ancona incident has put
he market to some test and has pro
need little or no reaction. Holders OF
.ecurities have refused to sell on what
Washington dispatches indicated was
Considered a serious crisis. There has,
however, come no important accession
f purchasing from the outside. Some
absorption by investors continued, Dut
his was not enough to influence the
General market level by lessening the
.upply of stocks and cutting down col
lateral loans he~e.
Brokers, wondering how long the
market is to remain on dead centre
lifFer in their opinion as TO It's future
course and to what will renew pubic
interest. There is unquestlonably accu-
1iulating q large amount OF Duylh9
bower. Our immensely profitable crops
emphasized i'm last weeks government
s.iimate of farm values; our factories
1Lsily employed in supplying dOIhestI'
Is well as foreign needs and the un,
Isuallv encouraging state OF retaii
rade-all these mean prosperity ana
.unds for investment. Low money rates
sbich it appears will be long continued
encourage market operations. The IN
,ctus. however. is lacking, and II Is
doubtful whether such artificial move,
rcnts in speciaities as we're engineered
.st week can serve again to excite the
ublic Imagination as they did last
spring. - soro;,,
are. of which the winding up OIL INC
snrlo-French underwriting syndicate
.as the largest. Clearing House lnstitu-
IONS reported loans yesterday morning
Increased SOS 900. 900. Demand deposlts
ere only about SS,O00,000 greater. o.
a reserve held fell of sl9,OOO'OVo'
-bich was much more than the eSuI
.,ated shipments to the interior mad lea
he market TO expect. Surplus reserve,
"a the result of the lowered reserve ana
edition to deposit liabilities, fell more
IAN 1000. 900 to under sl5s,OVO'OVO'
he smallest since April.