New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
Trading on Small Scale
Dealings Professional
Irregular Changes.
STANDARD ISSUES
ALMOST NEGLECTED
Iron and Steel Stocks Receive
Speculative Attention-Ger-
man Exchange Up.

Tho securities market yesterday was
a professional one. with dealings the
smallest for full session since tn"
first of the year. News from Washing
ton OF the deliberations over our dis
putc with Germany had some influence
ON the course Of prices. stocks react
ing "a little when tho Cabinet adj
iourncd without announcement of any
settlement and rising toward tho close
whom adviccs received Indicated ina
Gcrman,'s offer would Doe accepted.
ru" expected favorable outcome of the
Iusifauia case. however. brought no
apprcciabic addition 20 purchases from
.hc outside and caused little or no
enthusiasm among traders. tlna!
changes were irregular and Tor the
most part Of fractions.
Dealings Of any volume were con
/ fuod ~ n few issues Mondays an
rounccmeut OF the now steel merger
turned traders attention TO stocks o.
the iron and steel concerns, number
Of which were advanced. The decline
IN Nidvalc on the curb I'M anticipation
/ Of an increase i'm the supply OF the
/ stock 20 pay for nc purchase OF the
) Cambria Company furnished little ma
/ tcral for a bull campaign IN such IS
sues.
War stocks we're decidedly irregular.
Baldwin Mondays favoritc. lost two
points on the day. while Cruclble rose
"a poin- or SO. Great Northern Ore,
colorado Fuel and Alis-Chalmers
were advanced and some of the other
indepcudcnt steel and iron concerns
improved United States steel, after
mo- great amount Of business, ended
unchanged. Further reports Of scarcity
Of copper here and higher prices for
+ tho metal in London brought no
strength 20 the copper stocks. which
were comparatively quiet In the rail-
roads little was done and price changes
in the main were Insignificant.
Al the outset most issues were frac-
'ionally higher, but uncertainty fol
lowed and prices showed tendency to
work lower save for the few favorites
I'm which speculative activity was con-
centrated. Al noon trading was on
the smallest scale seen for weeks.
+ Throughout the day there was no
great pressure OF offerings and light
purchasing Brokers called the mar
ket a thin one and said that in most
issues prices moved easily Though
there was some frmneSs 10 the close,
the final trading reached no great vol
ume
While money rates were practically
unchanged. an easier tendency was
noted in time loans. Lending institu-
tions express hope for more remunera-
tive rates. but admit there is nothing
20 indicate any rise in the near future
IN the interior as well as here funds
are accumul ating, and the great source
Of credit IN our new banking system
is, Of course, as yet practically un-
touched
Exchange on London and Paris was
higher yesterday. while German ex-
change rose sharply. Berlin checks
closed at the rate OF marks for y
cents, up more than cents on the
day. A deposit of German gold in
Holland was rumored Here bankers
credited with close aiIilition with the
German government ceased TO offer
marks and speculative sellers fastened
10 purchase to cover their short COM
mltments.