The Birmingham age-herald., 1911-03-16
STOCKS SHOW A
 QUIET STRENGTH Repetition of Bull Move, ment Unsuccessful LONDON MAKES SALES Wall Street Ignores Mexican Situa- tion and Report That Release of Prisoners Had Been De-
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LONDON MAKES SALES

New York, March 15.-Attempts to carry further the bull movement which advanced stocks so effectively yesterday met with little success today. The mar ket resumed it's forward march during the. morning, but, the moderate gains made were eliminated in the afternoon and in some cases small net losses were recorded. The tone of the market as q whole, however, was one of quiet strength around the higher prices at tained on the previous day
 Wall street ignored the latest feature of the Mexican situation including Wash ington's request for release of certain American prisoners and sentiment was bullish despite the days business. Rather active realizing tended to pre- vent fair sized advances. Another in- fluence in the same direction was the lessened demand from the short interest which, while still large, is believed to have been reduced as a result of heavy governing on the rise yesterday.
 Canadian Pacific was the Gibraltar of the stock market today. That stock. which has been establishing new hign records regularly of late, advanced dur ing the day to PISA. rise of more than points and closed with a greater part of that gain. No definite explanation was advanced for this showing, although there was a renewal of reports of forth coming rights for stockholders. A
 Attention was drawn to the favorable position of the road by the official state- ment of American exports to Canada for tlz- r1fs, fl,e I,,e These figures showed gains of unsual dimensions. The Hill roads which dis played marked strength and activity despite the cautious statement as to prevailing conditions, credited to their chief representative. C
 Weakness of Missouri Pacific in the afternoon seemed to have some effect tn the rest of the list, which fell back gradually, although there was an up- turn just before the close. The selling of Missouri Pacific was attended by re- ports that the outcome of yesterdays annual meeting had not altogether es- tablished the supremacy in that prop erty of the Rockefeller-k kuhn-Loeb in- terests. Reports from iron and steel centers as gathered by a trade auth0ri-y are to the effect that there has been some falling off this week in new orders for finished materials, though mill op- erations are on a larger scale than at any other time since last fall Large rail orders are looked for in the near future. The report of the Sloss-Shef- field Steel and Iron company for 1910 showing decrease in net earnings of s473,00o, presented a market contrast to the huge gains made by others of the independent steel companies.
 London again sold stocks in this mar skes; although mot in large amounts ca- nadian Pacific was strong in both Lon don and Berlin.s - s5 s.s5
 Increased tension between Russia and China caused some depression in Lon don and Paris. tts rs's-
 The outflow of money from this cen ter continues It is estimated that the banks already ihave lost more than H,O0000O this week and a further reduc- ton of reserves may be revealed in con- aequence, in the weekly statement
 Bonds were irregular Total sale par value g, ,636 O00. /a~ M
 United States bonds were unchanged on call.