New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-23
MARKET NEWS
AND COMMENT
Trading Reduced to Under
Half Million Shares
List Still Broad.
PRICES SHOW NO
DEFINITE TREND
Dealings Mainly Professional
War Stocks Rise Not Held
Railroads Heavy.

Business in stocks fell off TO total
Of only little over 100000 shares. the
Arst full session in which less than a
half q million shares changed hands
in more than two months. With deal
ings distributed through so broad a
list activity in speculative favorites
was even less than this reduced total
would indicate. Over the week end
there came nothing from outside the
market to revivify public interest IN
securities, and the professional ele-
ment had the market largely to them
selves. Prices made little definite
movement After an opening at about
the final levels of Saturday, there was
slight improvement and the war
stocks were put up, only to drop back
when their advance brought no specu-
lative support. The railroad stocks
were quiet and generally little changed.
Purchasing of bonds was on q
smaller scale than last week, but prices
held we'll the gains when made and
there was some further Improvement.
While money continues to accumulate
and yesterday there was an even
easier tendency in time accommodation
the demand for its employment
brings purchasing of Investment is
ues. Preferred stocks are being bought
as we'll as bonds, and ruled firm yes
terday.
The railroad stocks, however, were
rather heavy yesterday. October earn
ings of Baltimore e. Ohio, Lehigh VAL
ley and Kansas City Southern, showing
the predicted expansion in gross and
large additions to net, did not serve 10
bring buying to the railroads. Around
the middle of the session there were
some small gains in the list, but In
the last hour New Haven was sold in
considerable volume. II ended with q
loss of three points and unsettled
others of the carriers.
In the early trading the copper
stocks went up little as one Of the
largo selling agencies announced
price of twenty cents pound for the
metal, but this strength was not main
tanned. Among the war stocks gains
of around 2 or points were made by
Baldwin and American Locomotive. Cru
chile Steel, Great Northern Ore and
some of the chemical issues. Baldwin,
after falling back, recovered. TO close
almost at its best. Petroleum stock.
made further gain, some TO the best OF
the year.
October exports. according to the gov
ernment's statement, rose more than
$50 1000, 900 above the previous high
mark set the month before. The total
of over S34,000,000 was S1S6,OOO.OOO
more than imports in the same period,
which was the largest favorable trade
balance we have seen in any month,
What would have been the result for
October had it not been for the la:k
OF ocean tonnage to accommodate the
great mass Of merchandise accumulated
at the seaboard it is difficult to esti-
mate. Our foreign commerce. incom-
ing and outgoing, for the twelve
months ended with October exceeded
$4,000, 100000.
Such an immense foreign trade. alb
normally onesided, demands adequate
credit arrangements. Our bankers
realize their duty and their opportu-
nifty and further plans through which
we extend accommodation TO Europe
and purchase securities abroad are
under way. Foreign exchange rates
Yesterday were firm, demand sterling
rising to 4.69s in the pound.