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Show STOCK MARKET SUPERFICIAL: LIST BEARISH AT OUTSET Most of Losses Are Retrieved Later During Session; Ses-sion; Mercantile Agencies' Reports Are Conflicting. NEW YORK. be. 1 !. Sentiment as ei-1 ei-1 1 retted by tradi'm was boarl-h at )); outt't ot Knlay'B brif uu superficial btok market . ii)iperi ud1 riiilri. Hit' hitter mainly ! tlie low-yrado variety, rt curd in;; further irregulur lyase a. 1'tilitifs as rpprrputf(l by Mnckay rompanO-a. 'IV in City Transit and Uruoklyn TniiisU ulv dropped oqo to thruo point a wllli Pr;ssec Steel Car find National Lead. In mont instances, however, I lithe losseu were largely if not wholly retrieied before the clnbe. tlie stn-nsth vt Hliippliiiri, ullu, On'-rul Electric. Americviu Can uml loli.iero.s and niutnru servinu to effect o genersit riiid.jiiBtment of quota t Urns at the firm closf. linWs amounted tu U15.UtK shares. Mercantile atfi-nciett reported conflicting conditions con-ditions at leading renters of trade, but tlie enormous Rains bhown in hunk clearings at important im-portant reserve cities testified to the activity of holiday business. Fes tu res of t he local bank statement embraced em-braced a vt-ry moderate increase in actual loaim and rtlscounis, an increase of almost $ . uOfl . :0 In net demand deposits and a decrease of $MU.-TjO.IWHJ $MU.-TjO.IWHJ In ex'-i'ss reserves, reducing the total excess to bllghlly lees than $40.lHKJ.0rt0. Honds were steady on very limited dealings, uone of the important domenllc or foreign iosu-s recording more ttuiu trivial changes. Total sales I par veil if) aggregated $-1,375,000. Old United States bonds were unchanged on call during the week. The securities market this week reflected more dearly the mn.ny unprecedented and j iutrlca te problems which Mirru:;nd financial, lndUHtrnil and geiieml ei-onoiu i e eotnlitioDi us a result -if c.tK-lii.-iiuii of the war. The most di-tuibiug Jetclopmenl in Wul! street's vi-w wa s the McAdoo plan to ettecd federal control of the railroads to a period of five j f-ir rt,. This suggestion was received with m;irl;u dlf :iur by many bankers and executives, who were consequently interested iu the indiciitions that enrly action oppobiug tlie pian would he taken in co'ny resa. Although the wav iudusiries board 1 com-milted com-milted to the policy of cancelling and reducing contracts with the least disturbance, the early dissolution of that auxiliary of the government govern-ment seems to have been anticipated in the cutting of price schedules by manufacturers of steel and iron and producers of copper. The stock market and iis related branches cull for little detailed comment. Dealing-, were circumscribed and overwhelmingly professional, the week ending with moderate receMons In i iii Is and reversals of two to seven points among Industrials, equipments, metals and speculative issues. Apart from a slight rein xii Hon in call !onun, money conditions were not materially ultered, .nor is any appreciable change exp.x-ted until the new year is well umler way. Large sums are to be disbursed next month In payment of Interest and dividends, but thus far the customary new year investment inquiry in-quiry lias been exceedingly light. |