The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-22
FINANCIAL NEWS
And COMMENT
Irregular Price Movement,
With Pressure Again
Applied.
LIST OFFERS RESISTANCE

without displa ytng steadiness. indeed
with very evident unsteadiness. the
stock market yesterday gave indica-
lions that Monday sharp break on
speculative operations had rendered
the list less vulnerable TO professional
attack or to unsettling rumor and
argument. Drives against prices were
again made and produced al adverse
impression. but the market evinced more
underlying strength than was the case
on Monday. Buyers showed no dispo-
sition to follow quotations up except
to cover short contracts. but In the
negative aspects OF resistance to pres
SURE the market CAV signs that the
tatus of quoted values had been I'm
proved b. Mondays radical readjust-
men..
Dealings we're on a scale OF con-
traction from recent average volumes.
At the outset there was an abrupt and
material advance which was maintained
for a while by the active retirement
Of bea IRISH commitments, Subsequently
the market turned dull and In the
afternoon was raided again. many OF
the more speculative descriptions de-
clin,ng with considerable violence in
the last hour. We; in the late dealings
there were tokens that hearish salca
wera out ot all proportion 10 actual
offerings.
The speculative character of much ~
Mondays selling had been denoted by
In" overnight rise AT tho opening. aud
the vigorous ulturn toward the close
was additional proof Of the 'harac'er
of tho cno TO- which the market was
subjected during the day. \ variety
y: special;ics aoid lower in the last
hour than they went oa Monday, hut
closed ~ a net gain for the session.
The average of active issues showed a
moderate gain. although the general re-
suit Of the rans1 rtions was an array
~ irregular price changes.
l. was obvious that the real factor
IN 'lc stock marie; so far az regards In
certives or Impulses to trading was un-
certainty as t. tIe technical position.
Tie sitk!ness on Monday restrained pur-
chas.s and encouraged further expert
mcn;s for the decline. and as an Incident
- the speculative performances there
was q 'r.,N circulation OF rumors this
time relating not only 20 the possibilities
nt earl, peace abroad Il the Contin-
I Scuc... !nvolded. but by way OF diversion
, emphasizing Tn. German claims Of VIC
iJg.Yus achievement.
The market itself continued, however
- provide tho r"al excuse for trading
euG-av ur and furnished mos; ~ the -N-
/ PLANTATION -: = aspects OF tn. session,
III. implications Of tn. late dealings
We're that the - was resting again on
he support Of the profitable conditions
which have been established IN general
business a0i was being strueturally
strengthened ny The tests Of pressure ap-
niio' to IL.
Wal, street was clearly = little as
tun!stcl during to day That the Stock
tXrhang" should even sul,"-tir!dl'v HAY,
taken so seriously the unfayorable i'm.
por; y, peace cor lectures urged on IL
attention. Nevertheless the ,~-rminatioI
OF the European conflict must he So IN
ppr:ant a factor W trading 'h1. IN.
cAance OF il - bound to H. dIScJss..
Whenever the markets. IN u" St-n"ti,u
fHanc.al or ot1"rw Sc. seem to reflect II
one q TIE ur-e:t a~bsurditi"s II rNa'
Wall street "a weddcI to war and 40
N,;+ me suggestion 90 peace H. EIroi-
rol as i matter - rlct wall stree,
p'ipc'::. ~"osurHt!up aad function j. me-
e., ga, Nh tl.uss - they pfc hut ~
'a'y mny b. 81 as they are liN-l To- io
H. task Is 20 dutcgat- and A".,i;at.
t3c adjustments "qIl!cd by ait"r-i 'i,
u stances. me |tihtuc.hl community
which ~ - t,r v,sa called Wall Street
not only has ro i~ejidice IN favor o
VA. 4 has a distinct lids IN favor o
,eac.. ~ any stag ot ~" t.Uiopel Al
var. prsscH: ur ptosp"of,y u VII S"ri
s!nply 20 ascertain probabilities ard ac
accordingly.