Evening star., 1916-08-19
BUT LIMITED TRADING
N WALL STREET LIST
Shipping Shares 1onopolize Atten.
tion-Pacific Mail Scores
Fou1rPoint Gain.
Motors, Equipment and Railroad
Stocks Neglected, and Prices
Were Easier, Is Report.

NEW YORK. August 2o.-Today's
short session was decidedly inactive.
with a general trend toward lower val
ues throughout the list, the shading OF
the railroads being especially marked.
as the chances for a settlement of the
demands of the brotherhoods. through a
it was yesterday.
In the industrial list the shipping
shares were the most active, and at the
same time they were more or less ir.
regular, Mercantile common and pre-
ferred yielding a point each. with the
preferred extending its loss to points
or 9sa4 in later. dealings, and then re-
covering one point OF the loss in the
closing minutes of the session. Mer-
camille Marine common also recovered
it's decline and closed about where 1t
did yesterday. ..
The feature Of the shipping stocks
was Pacific Mail. which scored a A.
point advance.
Small Changes in Industrials.
Changes in other industrials were
not important. Steel common .fuctu-
ating within a. narrow range and maxi
ing no radical change. Motors were
slow. with Maxwell little easier and
the others a shade firmer. ,Coppers and
munitions, slow and steady.
In the Rails.
Chesapeake and Ohio lost y, Canadian
Pacific IKE fraction, Baltimore and
Ohio, s. Reading, y. and Southern
railway. 3. Other rails comparatively
steady to q small fraction easier.
Weekly Market Review.
NEW YORK, August 19.-Two devel-
opments Of unusual significance-the
railway labor conferences and the new
British loan-were factors of para
mount Importance in this weeks mar
ket. Trading was more active than
for some months. and the trend was
unmistakably upward in the main.
Rails were restrained, however. by
the uncertainty attaching to the out
come Of the controversy between the
railway managers and their employees.
The course Of events at Washington
ion inclined toward a satisfactory set
tlement
United States Steel was conspicuous
among the industrials on it's advance
10 6x1S, . QuOIhtIOu nut atIAiHSu 0IuC0
1909. when 1t rose to 94K The shares
Of other steel companies were stimu-
lated to strength and activity, but mu-
nitions, motors and various other spe-
cialties moved in a way to suggest
profit taking.
Continuance of prosperity in many
lines Of industries was attested by the
Increased or extra cash and stock divi-
dends declared by the New York Air
Brake, Crucible Steel. Republic Iron and
Steel and Cuban-American Sugar COM
panies, the latter recording a new rec
ord on its gain Of 80 points to ESQ.
Maxwell Motors common and preferred
also received initial dividends.
Shipping shares loomed large in the
operations of the latter half of the
week. Mercantile Marine common and
preferred. as well as Atlantic, Gulf and
West Indies. moving to highest prices
In their history, with considerable activ-
ity in United Fruit at . substantial ad-
vance.
Indications point to the success Of
the British loan, for which public sub
scriptions are TO be received next week.
The number Of syndicate participants
Is said to be gratifying. and the terms.
including underlying collateral. are cal
culated to make the undertaking at
tractiye to investors.