New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-01
MARKET NEWS
T. AND COMMENT
Stocks Show Firmer Trend
at Close, After Day of
Uncertain Dealings.
STERLING EXCHANGE
UP; FRANCS HIGHER
Some Industrial SpecialtieS Ad-
vanced-Bond Dealings Are
Larger, but Lack Snap.

Tho market made little more head
wav in either direction than on Mon
day. but offerings were absorbed with
greater confidence, and the close, IN
stead Of the heaviness Of the day be
fore. presented some appearance OF an
inward tendency Net changes again
were generally of small fractions, nut
among the issues most active there
were generally gains. BUSINESS OF
around 100000 shares was niue
smaller than that of Monday.
No definite trend appeared at the
opening. but some reaction followed by
a fairly good recovery. Trading there-
after was on small scale, with very
little done i'm the middle OF the atteT-
noon. Among individual issues tha'
stood out for wide movement, New
Vqver was conspicuous, advancing over
. points and closing at its best. Can
was also strong in the last hour, max
inc a maximum gain of points, with
reports. aftcrward proved unfounded,
that good news was to be expected
from the directors meeting, but half
of this gain had been lost at the close.
Some of the sugar and petroleum IS
sues made considerable Improvement
and n few of the chemical stocks went
limited States Steel had rather more
attention than Of late, but ended with
ont change. The railroads generally
continued quiet, closing with small
fractional gains. Copper stocks were
irregular. though there has been no re-
cession from the recent advance in the
metal here and purchases for export
and for domestic needs were reported
as still heavy. ooo nm
BUSINESS in bonds, over $5,0OO,OOO,
was we'll above that of the day before,
Int the recent enthusiasm IN the BOND
market seems to have evaporated,
Growing as it did from the extraordi-
nary ease Of money, that movement
took a great many obligations from
the market Institutions and indivld-
uals bought freely and absorbed with
little difficulty considerable selling
from the other side of the water. There
was. however, much TO be ascrlDed 10
speculation, TO mere trading among
dealers, in the continued rise OF bond
prices. go,
Now. while there is still q fairly
good investment demand, dealings are
much quieter. Underlying investment
issues are scarce, anu tlc supp! @'"'''
the other side is very small. IL may
be that the proposed government bor-
rowing of our bonds in England for
collateral purposes will be sufficient to
prevent any large amount Of selling
here for some time. Bonds not so we'll
secured will be subject TO competition
of new issues announced and impend-
ing.
Exchange on London and Paris made
further recovery yesterday, and was
particularly strong in the later deal
! fngs. Sight drafts on London got above
an in the pound for the first time
since early in October, with excellent
support. German exchange went still
lower, and was pressed upon the mar
| ket.
Trade figures continue TO run heavily
in our favor, last weeks export bal
ance from the principal customs dis
trjcts amounting to S42,00O,OOO. With
two business days still to be accounted
for. these preliminary statistics show
a favorable trade balance Of more than
$50. 900 900 for the month, and exports
Of above s8OO,00O,O0O.