The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-12-09
SENTIMENT CONFUSED IN
TODAY'S SHORT SESSION
Fresh Pool Activity Prevails.
London Market Steady as
Feeling Over Political Situa-
ton Improves-AIIies Con-
tinue to Buy Steel Products.
Pig Iron Continues to Ad-
vance. ra

NEW YORK, Dec. 9.--Sentiment
was confused in todays short session
Of the stock market. So far as there
was any definite trend to prices. the
tendency was downward. although
trading was relatively light and Of a
more or less professional tinge!
There has been to some extent n
"Reminiscences of pool activity. with
easier money rates prevailing. and
on Ss Sesn m aSs form RI n
ton.
1t is held In some quarters that a
further decline In the price level may
interests can get into the market
again to their satisfaction, when a
forward movement maj, be expected.
not quite make up its mind as to
which way the market liz headed.
The disturbing aspect OF our reis-
tions with Germany 10 not conducive
to extensive commitments In the Inn
mediate future. and IL seems probably
that unsettlement will be the rule for
some time to come, az least until the
respect to submarine activity.
There was n better feeling In Lon.
don over the political situation, al.
though the market there continued
steady and without feature. There is
. hopeful feeling over there as well
as on this side that a rally OF the
various political elements TO the sup
port OF Mr.. Lloyd-George will enable
the new ministry to prosecute the war
with moro encouraging results.
Interest was manifested In the pos.
sible resignation of the war manage
mcnt In France. The situation IN
Greece, however, Is to some extent
disturbing and developments In that
quarter are being watched with the
closest attention. Not much import.
ance was attached to the rumored
resignation OF Ambassador Page.
The allies continued to buy steel
products here, with heavy inauirio>
For shell forging for delivery In the
second half OF 1917. Pig iron con.
tinues TO advance. Wall street was
engaged In specializing on the show
Estimates OF the increase in unnil.
ed orders ranged from 100000 TO L..
100000 tons. Bank clearings In No
vember reflect the extremely prosper.
Gus condition OF the country's buai'
ness, the total for the month being
S26,70I,5I2,153, an increase OF 3I.6 per
sn s ss c5sSgns' or FOR t gain ~s cs Os IS
per cent.
An active wave OF selling developed
In the late trading, which brought
trial and railroad lists OF Substantial
fractions to n point or more, leaving
tho general level to 2 points below
the previous closing. Angio-FIonch
per cent bonds were active and under
pressure, duplicating the recent low
price at o3h. Cotton suffered q fur
Their decline In the early market OF
81 to 81 a bale, with 0rtial recovery
later on short covering. Wheat dis
played a tendency to weakness aiso,
yielding a cent or more a bushel.
The metals stocks were inclined To
softness, United States Steel ruled
closely around 1875. fractionally lower.
Anaconda Copper reacted full point,
and Utah sold below l23. with similar
reactions In the rest OF that group,
Central Leather was strong feat
ere and among the specialties Ajax
Rubber advanced over ave points on
vague reports OF rubber merger.
There were crratic movements In the
Mercantile Marine Certificates which
opened two points up for the prefer
red while the common certificates
were erratic TO "A degree. Later the
preferred Issues lost all Its gains.
Changes elsewhere were narrowly ir-
regular. The railroad list was easier,
although largely neglected.
Today's Quotations.