The Washington herald., 1911-03-15
WALL STREET NEWS
Active Stocks Show Advance
of a Point or More.
MOVEMENT Is PROFESSIONAL
Reduction in New York Central
Dividend Rate, Concentration of
Troops on Mexican Border, and
Supreme Court Decision Fail to
Keep Prices from Going Up.

New York, March H.-There were very
few Of the active stocks in the security
market to-day that did noI advance more
than point, and in many instances
there were much larger gains. The strik-
ing feature of the market was, however.
from the point of view of spectators, not
so much these advances as the fact that
they were recorded on a comparatively
small volume of trading. Total sales
were. indeed, but a little more than
10000 shares, and the turnover in the
leading stocks, considering the extent
of the upward movement there, was so
small as to attract general attention.
Probably the movement in the market
to-day were professional, mostly due to
the buying back of stocks by operators
for the fall. II is important TO note in
the light Of succeeding events that the
condition of the market at the time OF
the announcement of the reduction Of
the New York Centrals dividend rate.
the concentration Of our troops on the
Mexican frontier. and tht afiTmanCe by
the Supreme Court OF the COnsututionality
of the corporation tax law was one in
which genuine liquidation had run its
course.
Glad Decision Is known.
This was really demonstrated for the
first time yesterday, when, although il
was held TO he highly possible that the
Supreme Court might hand down a dec!-
sion in the antitrust cases that might be
construed as adverse in a stock market
sense. prices of securities betrayed a
stI0ng upward tendency in the hours i'm
nediatcly preceding the Supreme Court
session.
The commentary made by many sh-ewd
critics as 10 the course followed by
prices al this time Was that the only
interest that Wall street had in the anti
trust decisions was to get them out OF
the way. and cared little whether they
we're 'good" or bad. in a financial
sensc. and that other considerations and
thOs~ + an economic nuture proper were
Ioomin- up as the important stock market
factors.
Foreign Trade Increasing.
This judgment Of the existing situation
was certainly borne out to-day by the re-
markahle character OF the foreign trade
statistics Of the United States for the
month OF FEBRUARY, published to-day
It will he remembered that at this time
q wear ago the country's exports. which
had been fairly large in October and No
'cmhcr Of the preceding year. had fallen
away to such an extent that. accompa-
MED. ss they were. by an enlargement of
imports. Ins.o was an actual excess Of
imports ovn- exports Of over $5,50.pO
LIT ever since or foreign trade began
TO turn for the better in the fall months
Of 1910 the inDrovernent has continued t.
he 50 marked and so uniform that IN
FEBRUARY Of the present year exports
tere greater for ;htt month than ever
before known in this 0ount-y's history
They amounted in value to almost S1-6.-
o0",0C0 they were S54.22".o'0 greater than
or imports for the month. and for the
eight months OF the fiscal year to date
the excess Of exports over imports lS
S4ISoo1."" a surplus that has only been
sGrpa. sed in the same period three times
since the year IS~S