Show PRICE LEVEL IS 1 TRIFLE HIGHER I IRea Rea Readjustment Was Effected in London TRANSACTIONS WERE FEW I WAS VERY LITTLE PRESSURE i TO SELL I I New York Tork Muir 1 The iii I stocks represented II a I of thy th price level as 85 an ln index cx or of con t rather than Utan a response to lin anY I important new w md The mOnt meat WitS 55 effected COol fot the most part 10 1 London before trailing haul hael commenced i lucre As a the first lr prices made here this morning showed I days losses rather more morp than The Change in conditions which this wat wa designed to measure wits was the or ii oil of Hn an embroilment of Greal Britain and with their respective allies in the vr war over the die j IUt of neutrality The por pose of the two to avoid friction WaS made so t by to days tent events that fear rem ined I of af a hostile issue to the dis There is iM reason to believe In fact that moneY mone I difficulties had more to do with yester dK S weakness in London than was sue sm Pitched while th the hope of avoiding con K to do with t the vigorouS j recovery there toda today One OIW failure of seine importance OC ee r in the American 1 ff 01 the London tOCk stork exchange t but it WitS yas declared that more troubles which were Weil threatened hy by the coinIng st settlement there would h le There wits some large lug Ing for London account In this market markt i during the early arly trading hut this WaS i ilar lar largely Jy of lin at arbitrage character Amer sp seemed to 10 have oversold by t the hf bears in with ith foreign ign weakness and their efforts orts to recover WitS the import important ant lacier factor In rally rath Aside from I this Utis buyIng tl thi bu business SS WAS un nn important and the aggregate transactions in fact fell to near the lowest figure for forthe the year tar thus linus far On Only a few days i early curly in January show II a smaller to totaL taL The movement of prices was a 1 creep creeping ing one in ID accordance with the small I business doin While the buying he be became came little more than nominal there wa was I small to sell II TIlt The I dullness at the advance is il It a warning or of the unwillingness of f operators to em embark bark harl immediately on th the long side of the market Some fears were ere felt relt that there may tay be yet to he rom corn and which ma maY appear from time timeto to time as In the case cas of London sell selling inS ing yesterday or which may be invited I I by an any effort to put up prk prices The approach of the period for going into ci f feet of lie stock transfer tax has some me I Pt In d discouraging Jew commit commitments ments as it Is generally ex expected that professional trading operations will be I hampered by the operation of the De Delaw new law The small inclination shown b hI I Ifor Ifor Pennsylvania stockholders to for the new convertible bond issue the application reaching only 10 nor Iter cent Is regard as a symptom of the present scarcity or of dt demand mand for investment It ItIs I is noted in the ame me conn connection t on that a number or of recent bond are I Quoted in the market markt below the under tinder 1 writing prIce There re was some discus aba sion of the presIdents remarks In his Denver speech on federal supervision and regulation of corporations and the con consideration I of the coming discussion In congress was thus revived Final prices showed only slight concessions front from the I I tot top but the clueing was practically stag n nL Bonds Bond were firm Total sales lr ir value j States bonds were all nit cha changed on can call j |