New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-04
Further Rise, with More
Irregularities-A Few
InduStrialS Strong.
OPENING HIGHER;
DULNESS AT NOON
Little Pressure Of Se!ling-No
Great Public Interest on
Buying Side.

Stocks continued TO rise yesterday
but the advance was marked with more
uncertainty and important gains were
for the most part confined 10 small
section Of the industrial group. The
copper stocks failed TO carry on the
pronounced Improvement Of the dav
before and railroads generally were
little changed. Dealings Of around
$4,000 shares were a little larger than
on the day before, and the list showed
some tendency 10 broaden.
Again opening prices were fraction
ally above those that ended the ses-
sion preceding and gains were eX-
tended in the early dealings. In the
forenoon profit taking was sufficient
TO check the rise and cause some re
action and in the middle Of the day
market movement was lacking. When
the advance was resumed later Il was
not on any broad basis and there wa
considerable irreCularity toward the
close. While most Of the more active
stocks showed gains on the day
these were generally Of fractions. am
final prices showed some recession,
from the best. The upward move
ment tended TO run into specialties,
some of the Sugar stocks being par
ticularly favored.
Expectation of new financing for the
benefit of warning Europe was followed
by no general upturn In the war group
Crucible Steel, however. was partlcu-
larlv active and rose nearly s points
closing little below its best Oil stocks
were higher, but equipment and motor
stocks moved with some irregularity
Baldwin Locomotive weakened toward
the close. ending nearly ? points down
United States Steel, dealt in 20 the
extent Of over 100000 shares, agar
was strong in the late trading, rising
a point TO over 81 and ending only a
shade below its highest Rock Island
following indefinite reports that new
banking interests might be persuade d
20 undertake the reorganization Of the
property. rose more than point. Erie
improved q good fraction, but held
only q shade of its advance at the
close Canadian Pacific and a few OF
the other carriers made maximum
gains Of point or so.
Apart from profit taking By traders
and some tentative selling by those in
clined to take the short side of the
market. stocks had little selling press
ure 20 contend with, but new purchas-
ing power was not present in sufficient
volume TO carry on any important gen
eral advance. In bonds the market
was firm on q fair amount of business
Anglo-French notes changed hands a
shade below % following reports that
new Offering Of French obligations
In this market was under considera-
ton.
Arrangements looking toward fur
nishing funds here for France have not
yet reached a stage whore the ex-
change market is affected. Paris
checks early in the day were lower at
1924 francs for a dollar. Sterling
was steady at a little under 40 IN
the pound. Some time must elapse be-
fore the projected French loan takes
definite shape. Our bond market. in
it's ready ABSORPTION Of large offerings
from London of our own issues, has
shown that it is well able 10 take
what is considered desirable. Obligs-
tions Of the belligerents doubtless cal.
be sold here to a large amount II they
are made sufficiently attractive. An
Offering secured by American securi-
ties as collateral, having a short term
70 run and bearing a sufficiently high
rate Of interest. would find a ready
market. Il is only question of wheth-
or the borrowers are ready 20 make
acceptable terms.