New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-06
Traders Nervous Over Our
Dispute with Berlin
Stocks Uncertain.
EARLY DECLINE GOES
NO GREAT DISTANCE
IRREGULAR Movements After Rally
Dealings Concentrated In
a Few Issues.

Though overnight dispatches IlV"'
Washington contained some reassur-
ance rs 20 the probable outcome Of this
latest phase of our dispute with Ger
many over the Lusitsnis, yesterdays
security market betrayed a consider
able degree Of nervousness. Al the
start there was little change from the
close Of the night before, but prices
weakened quickly. and for while an
other general decline seemed imminent
Cor,parativelv few issues. however,
Joined in the downward movement, and
there WAS partial recovery before the
FIRST hour had ended. Marked irregu-
Isrjtv followed. a few industrials show
ing special strength. Final changes IN
active stocks we're in most instances
comparatively insignificant.
Dealings were concentrated in few
issues. and IN the second hour Of the
short session were rather quiet. ne
total for the day was only about 5oU.-
400 shares, Of which United States
Steel. Crucible. Distillers' Securities
Mexican Petroleum and Mercantile Ma
zine preferred accounted for about one
hslf. Few Of the railroad stocks re-
ceived much attention and price move
nent In the carriers was small, though
Union Pacific was strong toward the
close. ending with l point gain.
Mercantile Marine preferred was
weak from the start, getting down more
than 8 points TO 70. against high price
Of above 50 In the middle OF January
Reports that negotiations for settle-
nent of the company affairs had peeh
interrupted sent the bonds down more
than . points below par, but here as IN
the preferred stock, there was cohsiu-
cradle recovery before the close. !ls
t'lIo-,' Securities ended weak, and Cru.
cibie Steel. after a maximum loss OF
ever . points. made only slight raliE
later. Mexican Petroleum was prom
inent toward the close, with rise INA :
carried IL up nearly 3 points. Uniteu
states Steel ended q shade higher after
losing n good part of its recovery from
The early setback. mt.
During the day there came little
from Washington 70 throw light on the
actual purport Of Germsny's message
on the fusitania or the probable action
~ our government. Through HOLLAND
II was reported that the prospect o.
trouble with this country had produceo
an excited collapse on the berlln
Pourse. At present communics,loh
With Berlin is 80 restricted that selllhg
here by Berlin is not readily accom-
nlished. so there was little In our mar
Eot that could be traced 70 German APP
The Clearing House statement
showed that members yesterday morn
ING rad lost more than s5'OOO'oVV ~
aggregate reserve, and loans, reduced
The week before, had expanded more
tLsn 100000 600. As a result surplus
fen some $1,000 900 10 about sl'O,ooO,-
600. Since the end of December loans
have EXPANDED $4,000, 600, which does
70. carry out the common belief IN 81
important amount OF liquidation OF
brolers' accounts. Il is true, however,
hat securities returned from Europe
and some new financing. including 500
100000 Of bonds put out by the state
Of New York. has served to swell loans
IN the interval
Foreign exchange yesterday wa
Quiet. sterling holding steady ana
francs failing to continue their reeoV..
erv % tho day before. Exports, OF
around s64OO0,0OO from this port last
week give some indication Of the I'M
mense amount Of payment here that
Europe has TO meet