New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-03
Securities Steadier, with
Early Improvement in
Special Issues.
STOCKS WEAKEN
IN FINAL DEALINGS
Business in Smaller Volume
Traders Uncertain-DrOp
in French Exchange.

Securities prices were steadier yes
to-day, but With the causes Of uncer-
taintv still remaining there was ohiY
slight, irrcgular progress toward I'M
rrovcmont. Traders, encouraged by the
cessation Of liquidation and the re-
.,s,2ncc 20 selling pressure OF the Al
,ornoon before. made some attempt 10
advance prices around the opening.
Ttis inward movement WIS iolIo"'"
,,;.h rulc now purchasing ana Wa
soon confined 10 few Speclaltlcs. INC
volrmc Of trading was greatly Ies'I"
oil 3, the afternoon. L. the final deal
,.c. there was something ss setbac"
o.. word came from Washington 'h"'
.,vQos,cd serious possibiliucs. OF I'M"
rorr,rv becoming involved IN the wal
Tbi. rorori Of an assertion on me
600, of the senate that the fresiocn'
considered il not Impossible ma w
country might have 10 take acll'V PnI
against Germany was iinnedlateIE W
rlcd. but naturally proved dlS'ui p'"N'
l., .,,te ~ the confidently repeated as
sections that actual participation w
~ WV would do this coupntry no
great harm, Il IS the Dellet ''d' o.
c,,itica with Germany would be sau"-
Sa.,,r;lv adjusted that has enabled the
rra~kct TO meet each recurring CRISIS
&, our international affairs with com
ro,a,ivo calm. So far az cabled al
, 20. wen, in market hours the opera
.io.. around Nerdun continued lncon-
c'veive and little was heard OF IN"
(car so pressing p day or two pefor'
ia. the Allies line was TO be broken
80. This point
International affairs still occupy
RIOS. Of traders attention. Extra div-
i9ends or Butte and Superior and Otah
Copper. and an increase IN the rate on
Chino from 81 10 So, proved 10 sum-
ulus to purchasing. Instead, so thor-
orgIlv did these increased dlsbursc-
wents appear 70 have been discounted
'ha, two of the three stocks concerned
closed lower and their failure 10 make
GOOD rae-ke' response was interpreted
:" some quarters as al unfavoraOlc
ma~ket omen.
80 the early upturr such issues as
I~,lrsirisl Alcohol, Studcbakcr ana
t,ucible Steel advanced. but these
raius did rot hold. After noon trad
lNI. 10 = very rllhAA NblulAf anu
the days total wes under 100000
shares. In bonds, toe, dealings were
mailer and the active list contracted.
though bond prices were Il little higher
United States Steel, IN much small
er amount Of business rose little
st the start, but ended at its lowest.
:: fractior down. The greatest activity
elsewhere IL the list was i'm kennecutt
COPPER. Crucibie Steel. Baldwin Loco
motive. Anaconda. Mercantile Marine
prefrrred. and American Locomotive.
Reading was quiet. advancing frac-
ton in the forenoon and ending I'M
charged ST. Paul and New York Con-
tral we're firm Tor q while and ended
with fractional gains.
III the money market tho hrmer
tendency in time loans was continued.
but business done was not large and
rates were unchanged. Call loans were
renewed J., Of per cent lower at -
per cent. Sterling exchange closed a
trac lower and francs declined The
Bank OF England added more than So
600. 900 TO its gold. but there was some
increase in circulation and deposits
we're heavier. so the proportion OF re-
serve 20 liabilities fell Of about ).
Of per cent 80 little over -.