New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-12
MARKET NEWS
AND COMMENT
Railroads Halt and Metal
Shares Go Higher
Close Irregular.
TRADING SLACKENS
AFTER FIRST HOUR
Waiting Tendency in Evidence
More Gold from London
Idle Cars Fewer.

The buovant movement toward hlehoi
levels with which Wednesdays traoihs
closed was not continued in yester-
davis market. though prices were nrm'
Railroads halted after a slight advance
and the industrials came forward, oop
per stocks showing aggressive stIens W
toward the close. The automopiis
oroun went higher, though report OF
Sou, merger was denied. At the end OIL
tba dav active railroads generally were
of a fraction, with irregular gains OF
from ! to 4 points or so IN the nous
trial list. Business in bonds expandea,
mora than $1,000, 900 changing hahuS
in an unusually strong market.
Further covering by the shorts mace
onening prices higher, but little lresh
purchasing came to carry on the I'M
movement. Before the first hour was
nrer there had been considerable re
cession. led by war stocks. Then, alteF
recovery. trading slackened, and inc
DAVIS turnover, little over soo'uoV
shares. was around 25 per cent under
that Of the day before. For TINS les
senine of interest in the market no out
side cause could be held fully respoh-
sible. The attack on the Ancons, iar
from clearly explained during market
hours. while more disturbing than on
the day before, merely added to the
tendency 10 wait for some new market
Refusal BY the Interstate Commerce
Commission 70 reconsider its denial OF
higher freight rates for Western lines
WAS practically ignored. With so many
signs Of better traffic less emphasis is
being placed on advances IN rsi!Fonu
tariffs. Yesterdays statement OF ioIe
cars. which reduced the net surplus
las, month 20 $4,000. indicated how the
facilities OF the carriers are BENG
taxed. This sum 81 sidetracked equip
rent was only abou, ors-third thst re,
ported 81 the beginning Of October snd
the lowest since the middle of NoVem-
Der. 1918.
Selling o. railroad stocks for foreign
sccourt was heavier yesterday. And
this. in :he prevailing disine!inA;ioH %
make new commitments, MSS s1htiehi
20 account fo- ire hesy,nssS n me
lesGirs carriers. From Ire meta. = ar
kets came news q rr-er prizes ioF
copper srG sYsl;er. l. ne as n'l'
American Smelling s-3 Refining Vas
sdvsrcsG mere thar : 7c,1:S - ~-;r-1
s shade % par. ArAco--A 80 o--s'
metal stocks .o,,owst Art ve-s re
feature c: re 5lAi ;r&--cs A--scs
the automobile issues. Genera. Meters
reached new t.st s. 40. : -
above is c.css q re cay ce-c-s-
Following Sr-c--ce-s-; G.; cc--
-,i-,ses whic1 are . regime 80 -,A;-
ter ot banking c-ss,:s s--s &C. -o--c-.
s,erli-E sxchx-gs vas I-Es-- CO..
ue-cisl bills ~e-s ST. El---s-- .-cz
the -srzs. z-5 r1-c.zs-g vas tai--y
hs.vy. D--l-s -.s -AT --srs vas -
csivet s. re Assay C=:s .s-s $3.50
coo i B-i-sh go i-Pc--s- from -o--
6o-.
TIE Bank c: E-z.a-t Is. wssS -cs;
through sxpo-. $500 600 = so-[ D.
post liabilities -a-s i----s cage, a.;
the reserve P-opc---c-- E--c1 rad 3ee1
aooz- -s-7 Per cen re week ,e-o-s,
was : ststs ts-csr -ra- 50 age
increase r. re r-oc-c-l,1 = god =
the T-s-svzsl zas rspo--s1 90 -ast
ro-tn. sri. c: co-rss- rs a1t s-1sr
gold prot-cst - Brush cou---11s .
added % tie Bar1s s-rr-y. &C z, -3w'
ever. ; beng release fo- 5--sr -ou1-
rriss "a vel az To- re J-,-s1 S-ars8.
81 so. 900 gong . Spz.- yesterday.