The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-16
New York
Stock Market

New York, March l5-Attempts 10
carry further the bull movement which
advanced stocks SO effcctiveiv ycstor.
uaH met with little ultimate success
to-uaS. The market resumed it's for
ward march during the morning but
me moderate gains made We're clim!-
mated in the afternoon and In some
cases small net losses were recorded
Ihe tone OF the market as whole
however, was one OF quiet strength
around the higher prices attained OF.
the previous day
wall Street ignored the latest feature
OF the Mexican situation including
Washington's request for the release
Of certain American prisoners and SEN
jiment was bullish despite the result
" the DAYS operations Rather extern
sive realizing sales tended TO prevent
further decided advances Another in
fuence IN the same direction was tho
lessened demand from the short in
terest. which while still large. Is be-
!ieNed 10 have been reduced as a re-
suit Of hasty covering on the rise.
Canadian Pacific was the Gibraltar OF
the stock market to-day. That stock.
which has been establishing new high
records regularly of late. advanced
during the day to olS 81 i rise OF
more than three points ana closed
with greater part OF that gain No
definite explanation Was advanced for
this showing. The Hill roads. which in
the nature OF things would benefit by
closer relations with Canada also dis
played marked strength and activity.
despite the cautious statement as to
prevailing conditions credited to their
chief representative.
Weakness Of Missouri Pacific IN the
afternoon Seemed 20 have some effect
on the rest Of the list, which fell back
gradually. although with an upturn
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 III that prop
erty OF the Rockefeller-K uhn- Loeb In
,crests,
4 Reports from iron and steel centres
are in effect that there has been some
falling of this week In new orders for
finished materials. The report of the
Sloss-Sheftleld Steel and Iron Company
for 1910, showing decrease in ne,
earnings OF $4,000, presented
ma rked contrast to the huge gains
made BY others Of the independent
tteel companies.
London again sold stocks in this
market, although not in large amounts
Increased tension between Russia and
China caused some depression in Lon
don and Paris.
The outflow OF money from this
the banks already have lost more than
S+,oo0,000 this week, and further re-
duction of reserves may be revealed,
In consequences, in the weekly state
ment.
Bonds were irregular, Total sales.
par value, .6S6.000. ~
Governments unchanged on call.
Total sales OF stocks for the day.
SG6,i00 shares FL
New York, March l5.-Money on call
steady, y 1902 as per cent. ruling
rate, as; closing Did: offered at
2 as. Time loans easy. with little do
ing; sixty days. l-2@2 3-4 per cent:
ninety days, 3-4M3 per cent; SIX
months, 14@3 10. Prime mercantile
paper, 1 to l-2 per cent, Sterling ex-
change steady. with actual business in
bankers bills at S4s3s5@s4.S3e0 for
sixty day bills, and at s4.s610 for de-
mand. Commercial bills, s4.s31 s4.s3 IL
Bar silver, SO rs. Mexican dollars, AS
. 4 II ~