The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-04
FINANCIAL NEWS
AND COMMENT
Pressure Lacking in stocks and
Prices Recover All
Around.
NOT MCCH ACTIVITY
not Much 4

That the reactionary trend IN the
been forced MORE by speculative opera
lions for decline than by any spon.ane-
Gus respons- 10 conjectural Universities
urged on Wall street attention WAS sug-
ge~.ed by Yesterdays stock Exchange
session. Tn. re was still no indication of
the development of a broadening and
active movement upward. The financial
community L. taking the measure Of the
new conditions which hav been estab-
li.hed. nrarn.ng time pending tn. In
augira:ion OF the Congressional session
and awaiting a clearer view OF Internal
tional matters. The share list continues
10 express sturdy underlying confidence
In the future Of values. but speculative
processes " d~iscountinK expansion are
,:ll dormant.
C@v,Ver. yesterdays dealings con-
tributed further evideuc. that the alb
s1rut.ye demand for securities is more
= feature OF tn. situation than DISPOSE
tions ~ part with constructive engage
nents. Stocks made a general and sub
s'put!al recovery from Thursdays set
beck and morer yer retained the bulk of
the upturr. allowing for some slight re-
cesSiOns on realizing oy traders toward
the close. Throughout the day the tone
was one OF quiet strength and tho finaI
tine Vas steady. Trading was not &C.
tive. but duines- on the erOvery did no,
issue ~ ~agging tendencies and The mar
k.. offered no encouragement for a
prompt renewal Of Dea IRISH operations.
some rather vigorous selling tooh
place at the outset Of me day, but pres
sur. quickly disappeared ami Was Lack
ing thereafter Industrial shares We're
the leaders IN IN. uptur because i war
In the industrial department That price:
had settled downward most extensively
All the signs OF the day were that Whit
speculative accumulation was not AK
eresslve investment buying was p.rsis
tent. The spread b@tw cen interest rate.
TOR the us- Of money and the actual OF
prospective yields on securities IA un'
ques:lpnahly working In support o
quoted values. especially az invest
,.nt confidence mas been go greatly
-Lrengthened by general uSine expan
sion and he years record OF increas.n.
financial and commercial resources II
this country.
Il IS TO y. noted that ,he level o
security prices has been sustained In tn
face OF steady foreign liquidation. SOM
Of the edge is OF the investment inqu!r!
for seasoned securities because OF IN
obvious opportunities which will b'
offered 20 participate in attractive new
financing. but the Investment market a
"A Who'll, Is making an excellent main
tenarce II position. Doubts are eN
pressed about the character OF the at
: sorption OF the .Anglo-French loan. bu
domestic financing - becoming more IN
huential over Wal street reckoning. am
the success OF the Baltimore and ohi'
fefuriing bond subscription i an i'm
portart factor ~ a time when the bank
ing and husir sss community j. coming I
regard domestic enterprise "a OF NOR
immediate consequence a the cgi'iva
ton Of tratic IN wartime necessitie
abroad.
ouite clearly the stock market rumo
scare over the Administrations pro
grainme for the Congressional s.ssi"
had subsidized over night and the rea
sentiment OF the financial district wa
denoted by the Interested notice take
Of the outlook for a declaration OF ~
creased dividends this month. particll
larry on copper stocks. An example n
the prosperity which copper produce
are enjoying l. furnished by the reppi
Of the Braden Copper Company for ia
year ended August 81. Almost = %
cent. was earned on the shares Of IN
oman and In the three months sInc
the rui ~ the year the copper me-:
market has developed it, create
l strength.
More gold was received from Londui
Sterling n French exchange reacted
; littl.. but mark exchange fell tractor
ally to a new low level.