Evening star., 1915-12-21
WALL STREET MARKET
SL0W;;PR|CES EASIER
Oil and Metal Shares Show the Best
Strength of Session-Motor Shares
Suffer Breaks.
Rails Do Not Respond to Satisfactory
Earnings-Local News Favorable.
Foreign Outlook Not Liked.

NEW YORK. December 21.2Ther'
was very little business transacted II
the New York stock market in the ear
ly hours of the session. Dullness wa
in evidence. save here and there, wheri
a speciality developed modest activit,
and presented a. arm front.
elsewhere the trend was ftowart
weakness and that recessions were moi
more severe was largely due to the In.
difference of traders.
Local news is all of favorable char
acter. Money is and will be plentiful
the Mexican news indicates an early
settlement Of disorders and the col.
lapse Of opposition to the recognised
government: business IN the steel fac
tories Is rushed to capacity produc'
tion. Z = ---------
For all these favorable happenings
the market lacks definite and positive
strength. and yet 1t is In a position t.
turn in 2 minute-perhaps lacking
news thatsthe market might term Ia
vorable from the other side.
Reported' Munitions Order. -
In the news Of the morning is story
of an inquiry at Pittsburgh for TO-
100000 31.2:inch shells for the ,Rus-
sian government, 100000 shells of I'm
ished steel for Italy. $4,000 tons Of roll
ed steel for the same buyer and $4,000
tons of steel bars for Great Britain.
Buyers seek to pay for one-third their
supplies in notes. but American manu-
facturers are turning down orders with
this stipulation, as they do not feel
justified in extending credit
american % sms.s'ns and md lsd,ss Msdtcsn Pc rs-
terday, were again leaders on the Mex
ican news. the former making 2-point
gain. largely held. and the latter gain
ing a point, but losing 1t In pront-tak-
ing sales.
Smelter was but a fraction away from
the highest quotation since 1910.
Z Another Rise for Copper.
( Another advance In the price Of re-
fined copper was reelected in the metal
market.
Motor stocks were weak, Studebaker
a point on. Maxwell barely steady and
Willys-Oyerland S. points lower. while
General Motors broke to $50 and recev-
cred to 4sa. 'p
Baldwin grew soft after early
The rails did not display much activ-
fty and. they were generally easier.
Baltimore and Ohio did not respond TO
the excellent November earnings. .
United States Steel common lost y
Of point net.
Bear Movement Evident.
During the early hours Of the after
noon the market drsgged even mora
than during the morning. while there
was q more or less inelinattons on: the
part Of the bears 70 make q movement
for lower prices
While it was moro q case OF shaAane
values than positive weakness. the In
dications were not sattsfaftsry Tor .
firm closing.
The Baltimore and Ohio reported net
OPERATING revenues tor Novemeer ot
S2.74s. $40, as compared with H.b74soS!
for the same month Of last yeas. aad
for the ave months Of the decat year
ended with November OF $15.S7S.475, as
compared with si1. .2os.sss for the same
months OF 1914.
The Southern Railway Company. re-
porting for the second week in De.
cember, showed gross earnings of
Sl.355,64s, as compared with $1.l7S.lto
for the same week last year. July ! TO
December II the gross earntngs we're
Ss0,744,s35, as compared with $2s.S5o,-
276 s,,