The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-03-15
GRADE DULL
MONEY SCARCE
Greatest Part of Days Bust
ness Dull, But Strength
en- in Last Nour.

New York, March 15.-For the
greater part of today's session on the
stock exchange business was dull and
prices irregular. except for manipula-
tons in some of the minor specialties
and low priced issues. In the last
hour. however. the market reversed its
position and ~broadened out under lead
OF the speculative favorites. some Of
winch went to a net higher level for
the present movement, while Amalga-
mated copper sold at its highest price
IN considerably owe a year. There
was no news to account for the sud-
den change of sentiment other than
the prospects of a general advance in
prices Of iron and steel products and
conditions. The general labor situa-
ton at home and abroad was without
material change, except for some bet
terment in the New England mill
towns. 1t is not unlikely that the
agreement of the senate finance COM
m1ttee to report adversely on the Hon.
sen steel and metal schedule also was
a helpful factor. There were rumors
Of increased disbursements, but for
the most part these were accepted
with reserve. There were again speci-
tic reasons for the further advance Of
such stocks as International Harves-
ter, the coppers and American Smelt-
ing. Semt-Oficial statements indicat-
ed that harvester's disintegration will
soon be announced and the copper in
dustry continues to work in the di-
rection of higher prices for the metal.
Respecting smelter and affiliated
shares, a statement attributed to the
attorney general at Washington that
no antitrust proceedings are contem-
plated probably was a favorable in
%fiuence.
Increased strength in American
Telephone and Telegraph was con-
current with report of a demand for
the stock In Paris. where it is listed
on the bourse. Concurrent movements
IN the Rock Island isues and Ameri-
can Can common and preferred, which
are controlled by hte same interests,
eXcietd some comment. Strength of
the Harrimans naturally was associat-
ed with an optimistic interview issued
by the chief executive of that system
Of railroads.
News from abroad was not of the
sort that makes for high prices. The
oank OF England reported another de-
cline in its proportion of reserves to
Liabilities, which now is practically
AZ per cent as against 40 SIS in the
corresponding week last year. The
bank also lost over $4,000. 900 gold.
The bank Of France increased its dis
counts by over SIS. 200, 900 with a loss
of about $400, 900 gold.
Bonds were active but reflected lit
tie Of the stock markets strength ex-
cept in Fries. Total sales, par value,
S 3.408, 900.
United States government fours adj
vanced on%e-eighth per cen on call.
Money Scarce.
London. March 15.-Money scarce
and discounts easy. The settlement
on the stock exchange was concluded
without any apparent trouble and
speculation in tin shares continues
widely excited. Oil shares and KAT
frs improved on increased business.
while home securities reacted on pro-
fit taking and fears of prolonged coal
conferences. Home rails showed a loss
or one-haH point. Central London is
sues scored a six point rise on ANAL
gamation rumors.
American securities opened dull with
fractional changes and moved slug
Ill