The Washington times., 1916-11-18
STEEL AND COPPER
FEATURE MARKET
interest In Other Issues on New
York Exchange Only Nomi-
nal Today.

VIEW YORK, Nov. 1s.-outside
me performance of the Steel and Cop.
Per Issues, thene was little more than
nominal interest In today's short ses.
sion OF the stock market.
The industrial list was in the main
narrowly Arm, with now and then re.
ections in spots. The railroad de.
partment made little change one way
or the other.
Trading was generally brisk after
the market once got under way, but
most OF the business was of profes.
eional origin, with some. short cover.
ing doubtless, and the usual week end
Sess.ement OF accounts carried over
Some concern was felt over the
threatening turn in Mexican affairs,
ana issues effected with conditions in
the distracted republic reflected this,
nxe mexican Petroleum, which yield.
ca Two points or more.
There was little change In the trad.
Ing In London, where business was
generally quiet. British consols were
quoted at So lie, slightly firmer.
Foreign exchange was quiet on this
side, with little change. Bank clear.
1ngs this week again reflected the
prosperous conditions in general
business, the total for the week being
SS,34s, 494 $50. an increase of a little
i,
and gain of 29.5 over this week last
ysaP.
French Municipal Loans.
Wall Street was interested in fur.
ther loans to French municipalities
for the purposes of alleviating suf.
fering entailed by the war, the latest
dotations of this character being 500.
100000 to each OF the three cities,
Lyons, Marseilles. and Bordeaux.
This is the fourth loan of that
character, the first being made to
Paris by the same bankers here some
weeks ago.
The recent Chicago loan of So.
100000 to China will be offered next
week at 9s, to yield around 6h per
cent.
Word came from Chicago today that
loan to Argentina of between $50 OOO,-
900 and 800, 100000 There was an in.
clination here, however, to discredit
this report, since there Is understood
to already be under way a plan for
meeting the financial requirements
OF that country in other quarters.
-. The trading in the steel and copper
Issues was most vigorous. Prices were
carried to record prices In nearly
every case: United States Steel ad.
Vanced quickly to new top price
at 126as, and Bethlehem Steel at the
same time to a record level at 700.
Similar Gains Made.
Similar gains were made In Lacka.
wanna and Republic.
In the copper group Anaconda,
Utah, Kennecott, Chile, Chino, and
others touched levels never before at
tanned and made overnight gains of l
to. 4 points or so.
Central Leather was again inclined
to softness and the shipping shares
made little change. American Can
was again a strong feature.
The trading was somewhat trregu
lar In the later session, and there
were numerous recessions in the cop
per and steel groups due to profit
taking, although those issues still
ruled we'll above the Friday closing
Tho paper stocks were strong, Ameri
can Writing Paper preferred gaining
nearly points, and international
touching II.
Chtlo Copper made a sensational
movement of more than ten points Ia
100, later reacting to 145, with subse
quent recovery to 14S.
Cotton rallied sharply from early
pressure. Wheat was easy.