New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-14
MARKET NEWS
AND CONNER,
Business Reduced-So..
Gains in War Stool.
List Still Broad.
IRREGULAR CHANGES
AT END OF SESSI0s
Bonds Quiet but Firm-Su,,,.
Reserve Higher-S terIius
Exchange Easier.

The market Yesterday was MAJ.
viously professional, with pric. chr
OF little significance. Attend.,e
reduced by the counter attraction =,
football game, and the days hasa.
less than 100000 shares, was N. .~'s
est for about two months. ov.-.
changes for the most part w.
tional gains, and some imnrov. 'k
followed. as traders covered ~
sales. Before the first hour IVA, sss'
profit taking caused some lit,I. w
back, and from then until ths
movement was irregular. Soms . w.
latiye favorites were advanced hv ~
interested in their market cour,. Nv" ~
most of THIS show of strength W., w
particularly convincing. Bord,
euieter but firm. ="
Activity was confined 10 p,s.
States Steel, a few Of the metal ,, 49,
and some of the war group. tn. n.
however, was still broad one. r.
roads were sluggish. as on FRIDAY ).
somewhat disposed TO sag. Anon. n
less active industrials signs on a.
ness appeared, particularly in ths n
bacco stocks. Steel. in which desl,,s,
we're the largest, changed hand, ~
to the amount Of about 10000 ,hsr.
and moved in a narrow range, endi,,
a shade higher. Inspiration Cooas,
which has Jagged in the recent n
provement in the copper stocks. can.
next TO Steel in amount OF busins,,
transacted, and gained over a point r.
the day. Anaconda advanced q ne
fraction, but lost nearly all Of Ia sus
before the close. American Smsirr
and Refining ended unchanged. al,
Butte and Superior advanced In 4.
late trading, TO close with q gain q
over 3 points.
Among the war stocks Can, Crueibs
Lackawanna Steel and some Of u,
motor group were prominent keta.
wanna Steel made a net gain OF nor
than 8 points, Maxwell Motor Of I, "a
Crucible of /, while Can fell hsei |.
fraction. Allis-Chalmers made q maj
imum gain of a point WestinsAsun
was unusually quiet, ending VIII |,
slight gain.
Affairs outside Of the market van
ignored. More definite report that |,
was a German submarine that sank ~
Ancona, and news Of cancellation d.
sailings of passenger vessels from hi
city to Italian ports were without ~
parent influence on the market III
If ~
100000 bales Of cotton last noat
helped rally in the price OF the s.apls
but did not affect stocks. News fras
the seat Of war was inconcluslyt
The statement Of Clearing House n
stitutions as CT yesterday menits
showed demand deposits increased w.
ooO. 600. and loans s26,o00,000 grssnr
Some gain Of currency from ne .,
terror and heavy imports OF gold go.
sI2. 900 900 70 aggregate reserve ea:'
ms. and the surplus rose some HI@
Oot 70 over sl93 900, 1000. While ~
600 600 under the highest OF the ~,
This excess OF reserve compares VI,
less than slSs, OO0.0 900 when the lovers
reoujrements OF the Federal Kessrs
system were first put into eneel ."
quite a year ago.
Sterling rates eased little yesH'
6,v. while exchanges on Pans wa
i;,tle frmer. but business was ligs. y.
changes we're not important ffns.
6isrstches from London indles. ~.
the question Of American exehshls =
,eceiving close attention. but sun sl'', !,
i DELAY in replying 10 the messass !:
re committee OF local bankers io,a.'
20 arrange for credits here. from W. -,
Son Yesterday there was repor'ea
,;rr aside Of a small amount o. e..
icr Switzerland. another neutral ~. 49,.
which finds exchange on LONDON '''''
Ore Of the principal reasons s. ~,
FOR the reduction in price o. , os |,
treasury bills 20 = 5 rer cen. u.'i n.
,tst !, might bring about larfeI ",
90 balances in London. The oa.a -, =
Fsclsnd. il is said, Is not dise..1 ~,
hilis EXCEPT at one-hslf OF ! p.r ~
.b ' the banks Official minirnuEs, -
discounts ir London are niuch a, ~,
II i doubtful, however, !, hisa, =. n.
n London can counterbalanee =" A..
certainty as 70 future worm ".
49,. -a--ra