New-York tribune., 1916-02-11
MARKET NEWS
AND COMMENT
Copper Stocks Go Higher
in the Early Trading
Dealings Expand.
IRREGULAR ADVANCE
TOWARD THE CLOSE
Industrial FavoriteS Continue
Conspicuous Exchange on
Germany Falls Back.

The upward movement in the copper
stocks started on Wednesday was car
ried further In yesterdays early deal
ings. most Of the more active OF these
issues rising above their best Of the
day before. and some to new high
levels The advance attracted some
purchasing from the commission
houses. and early dealings were IN
much larger volume than on previous
sessions Of the week In the middle Of
the afternoon. however. interest IN the
market lessened. and from then until
the close there was a good deal OF IT,
regularity. Scattered Industrial favor
ties were put forward from time 10
time. and one or two displayed notable
strength i'm the final dealings when a
number of the railroads also advanced.
Much news that ordinarily might be
cXpected to find some reflection IN The
course Of prices came during the day
with little direct effect. ne Steel
Corporation's addition Of $4,000 tons
70 untitled orders in January was less
than had been looked for ard failed
10 raise the total to the expected new
high record AS il was known that IN
the present cOngested state Of the steel
trade many orders had to be reiusec,
there was no particular appointment
manifest. Steel went 20 it, best aftcr
the announcement. The L8ckawarra
Steel Company's report for the year. IN
a remarkable increase in earnings, Sa'e
further evidence Of the great prosper
ity that has come TO steel producers
from wars demands.
The New York Central's statement
for December showed gains IN gross
and net il line with those Of he large
transportation systems, and for the
wear large earnings we've in marked
confirms, TO those OF the years immedl-
ately preceding. This report passed al-
most unheeded IN the trading. ne
sustained power 20 absorb bone ohef-
ngs appeared d the subscription with
b. am hour or two Of the Chicago Union
Station bond, offered 90 the public.
Withal, yesterdays stock market was
still in .hc main q professional sh2.r.
United States Steel. the copper stocks
and "a few speculative .ndu,trials nc
counted for the bulk ci tic trading.
Railroads. while in better demand Oh ln
or the dag before. accounted tor only
- small proportion Of the dar tuln-
over United Fruit Cigar stores, Cru
c,ble Stee.. Beet Sugar. Can and Next
can Petroleum were particularly con-
sDicJou, in the dealings
Among the copper stocEs American
Smelling and Refining went lower. fol
loving pr favorable report from McN-
Geo. Anaconda. on dealings Of around
$4,000 hares, ended with a fractiona
,Gvance Utah gained = points, closing
not far below its best. Butte and Su-
norior. after an early advance, losr
Erection on The day. Ia London the
nlicc Of electrolytic copper advanced
20 a rev high record and the copper
stocks .here went higher.
Cell .oaus were renewed az . per
cent. acains- ia on previous days Of
the week. but otherwise there was little
Change ia the local money market.
Sterling exchange was steady and
francs little trmer. Exchange or
Germany dropped abruptly, the cfort
60 raise rates here arbitrarily having
apparently proved unsuccessful Ber-
in checks sold as low as 75l2 for four
marks, more than cents under the
high price Of the day before.