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Show standaWsEcurities are neglected in wall street War Issues Are Heavy and Show Net Losses; Possible Blockade Hurts Copper Shares. By BROADAN WALL. By International News Service. NEW YORK. Jan. 19. The stock market mar-ket was largely a repetition of the previous pre-vious set-hion specialties having a wide range of price fluctuations, while standard stand-ard issues were relatively quiet and neglected. neg-lected. War stoeks were heavy and closed with net losses, due to the overbought condition of the market resulting from the last adva nee. Heaviness of the coppers was at tributed to the possibility of a blockade hy KnyUmd, which, it is'believed, would result lu a curtailment of exports. Irregularity occurred at the opening, but United Slates Industrial Alcohol and American Coal Products were at the front with sharp advances to new high figures. Cuban American Sugar also was prominent. promi-nent. Standard rails and industrials were neglected. Around noon National Lead became a favorite at ad vaneing prices, as did Texas Company stock. In the la to afternoon the general list became heavy when a drive was made at steel common that forced it under 85, but there was an immediate rebound. The close was steady. Asked to Set Price. Stockholders of the American and British Brit-ish company are wondering what a recent re-cent bid for their shares means. Joseph Hoadley has sent a notice to the stockholders stock-holders asking for a price at which they would be willing to seil their holdings up ! to February 1. A broker who Is well posted upon the contract laws of New ; York state says that the placing of a price upon the shares by stockholders answering tlie circular could be construed , as a contract, so that the person owning the shares would be forced to hold them until Febi uaxy 1. Meantime he would not be able to sell should the shares advance. ad-vance. Bethlehem Steel common closed vith a net gain of five points, but at one time1 was neatly thirteen points above the previous pre-vious close. Rumors said that dividends would bo started tins week. The rato at which payments to shateholders would be started, according to the sossip, ranged from 20 to 40 per cent. Floor brokers say that the recession In Steel common 10 under 85 was the result of a drive by professionals in the hope of causing the execution of a stop loss order on 5u00 shares reported to have been In the market. No such order, however, was disclosed. Signs of Liquidation. I Local bankers said they saw distinct I signs today of foreign liquidation in Erie, I Steel common and Southern Pacific. C011- tirmatlon of the steady selling of Steel 1 is obtained in official figures. They ; showed that on December 31. 1915. for-1 for-1 eign holdings of common totaled 696,6:11 shares, against 1,1 93.064 at the end of 1914 and 1,259.055 shares on December 31, IS 13. More than half of the common held ; by English investors was sold last year, I there being 3 55, OSS shares held at the end of last December, against 710,621 a year previous. France was also a substantial sub-stantial seller of the common, having disposed dis-posed of 14,344 shares out of 64,537 held at the end of 1914. Holland's holdings of common at the end of 1915 were 238.617 shares, a decrease of 104, 02S for the t welve months. Liquidation of the preferred pre-ferred held abroad was not so heavy as in the common, preferred holdings at the beginning of this year being 274,588 shares, against 309.457 the previous year and 308,176 on December 31. 1913. |
