New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-24
Volume of Trading Only a
Shade Above the Small
Total of Monday.
IRREGULAR CHANGES
IN DULL DEALINGS
Standard Issues Steady-Cop'
pers Lower-Brief Upturn
in the War Industrials.

Little addition TO interest in securi-
ties came with the resumption OF trad
inc after the holiday. In the morning
dealings were on scale even smaller
than those Of Monday, but trading did
not diminish to quite the same extent
in the afternoon, and the days total
was. above 100000 shares instead OF
below. In spite Of this continued
apathy of outside public and PROBES
sional traders. prices held larry
steady. Standard issues did little.
MANY of the railroads were represent
ed in the dealings by only lew
transactions, and prices here mace
practically no movement.
At the outset small, irregular oe-
clines were general and there was some
further reaction in the early dealings,
hut no pressure of liquidation appeared
and traders began TO advance rev
specialties. This upward movement
limited in scope and of no great vlgor'
died away around midday and irreg-
ular changes followed. with a lew ~
sues under pressure in the late dear
ings. -. .hs
holiday wreck with an opening loss OF
nearly point, but no important
amount of stock was offered and there
was a trifing recovery before the close.
Earnings statements for January pre-,
scented by Baltimore ONO and
Southern Pacific had no influence on
the market course OF those securities
or of other carriers. Baltimore
Ohio. while reporting an addition OF
more than s1,900,000 TO gross, added
only 100000 10 net, and Southern
Pacific. with over 100000 gained in
gross, lost more than S350.OOO In net
Txpenses because Of inclement winter
weather were particularly heavy IN
case Of the Western road.
The copper stocks gave no evidence
Of resuming the rise of two weeks ago.
Instead there was further disposition
to take profits in these issues. and a
number of the more prominent ended
lower, American smelling and Refining
closing more than a point down. In
the war order group there were num-
Der of advances. American Locomotive
being comparatively actively purchased
and ending at its best, up more than
points. Steel was again quiet and
little changed. American Can was the
most active stock on the list, rising
in expectation of decision in the gov
ernment's antitrust suit. which Wall
Street had made up its mind would be
in favor Of the company.
The bond market was rather more
active than that for stocks, the days
business reaching total of more than
So 100000. Prices generally were steady,
though the Anglo-French bonds de-
clined 70 94's toward the close. This
was associated with the announcement
by the du POnt Powder Company that
part of its extra dividend declared
yesterday would consist of distribution
Of these securities.
The local money market was prac-
tically unchanged at the low rates so
long prevailing, though call loans were
made as high as 2i. per cent. Sterling
exchange held most Of its gain made at
the end of last week, and rates on
Paris were also steady. German eX-
change was weaker again.
Washington advices that told Of de-
sire of the administration to prevent
discussion in Congress Of our dispute
with Germany tended to intensity the
feeling of caution which this inter
national dispute has brought to the
securities markets. From abroad Ber-
lin announced successes against the
Allies in France. which added TO the
spirit of hesitation. In such times as
these, however, the stock market cam
not be expected TO hang at one level.