The Washington times., 1916-12-02
Trading Marks Time During
Short Session, Though Few
Lively Spots Develop.
lNTERESTlN LOAN SITUATION
Industrial List Had a General
Upward Tendency-RaiI-
road List Strong.

NEW 1o1th, btts sf"N"S
marked time very largely In today's
short session of the stock market.
Prices were firm for the most part,
with particular strength In the rail-
road department. There was no great
demand, however, but such as II was
the level of the market was raised be-
cause OF the scant offering OF stocks.
Speculation was rife as to the prob.
able result of the action of the Brit.
ish and French fiscal authorities in
withdrawing the sale OF thor treas.
ury bills here following the warning
issued earlier in the week by the
Federal Reserve Board with respect
to the tying up OF funds In foreign
loan Issues. -
Further Liquidation Seen.
In some quarters Il Is believed that
there will be further liquidation of
foreign.hcld American securities, and
added impulse TO the flow of gold
from abroad. The question also arises
In view of the stifening OF money
rates here whether funds for a bull
movement could be provided and the
requirements OF the entente financed
at the same time.
cause Of the uncertainties az to the
amount of drafts thoy might be called
upon to meet at the beginning of tho
month.
With this matter out of the way. Il
Is anticipated that funds will be moro
freely supplied next week.
Business conditions continue In
good form. According TO II. q. Dun
d Co. failures this week were -
per cent smaller in amount, the &C.
tual number being 2A7.
bank Call Issued.
The State superintendent OF banks
has issued call for tho condition
OF State and private banks and trust
companies as OF November 20.
Tho small shipments of gold TO
England this week. amounting TO
about 100000. are explained as con.
their supply in London. railroad
earnings In October at hand today
discloso an increase In gross for the
chicago and Northwestern OF si,20i,.
9ss and IN net $500 1921. and for the
crease in gross Of sis,a7o. a decrease
in net OF SisI.O2O and n loss In sur.
plus OF s2iT,0i9.
Industrial List Irregular.
Prices In the Industrial list were
somewhat irreguiarly changed al.
though the prevailing tendency was
upward. The steel and Copper shares |
were narrow In tho extreme with fow
exceptions like Utah Copper which
advanced through i2i and Chile
which crossed ~. u. =. Steel com.
mon made\ small fractional gains,
moving closely around l21 such is-
sues AS Colorado Fuel, Railway steel
Spring and Pressed Steel Car were
In cood demand There were n few
strong features like Ohio city Gas
Columbia Gas and Montana Power
which gained I TO = points or more.
The railroad list was strong through.
out, Reading. Southern Railway, Nils.
souri, Pacific Certificates, Rock Island
and Union Pacific.
Little Change In Lnte Hours.
There was little material change In
the late trading save few strong
and reactionsry spots among the
specialtios. American Hide and
Leather common and preferred were
we'll bought. the common gaining
more than IA point and the preferred
advancing over Ave points through
81. crucible steel reccdcd n point or
more and the Pittsburgh Coal com
mon certificates lost their early gains,
Rails made further fractional ad.
yances. Cotton was steady, Wheat
broke To two new low levels through
stop loss orders reached due to out
side liquidation, but there was a later
rally on reports or buying from
Greece and brought about 20 some
extent also by short covering.
London was quiet and somewhat
depressed over the Rumanian and
"a ex.interest. Money was easy on the
payment OF Government dividends
ruling at "a per cent to AZ per cent.
Today's Quotations.