New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-27
STOCK MARKET REVIEW
Lower Prices in Moderate Trad
ina and Sentiment Unsettled.

The stock market began its weekly
larity which largely duplicated many
previous days records Of Monday
operations and dampened the ardor OF
bullish confidence that had begun TO
show itself in spots in the financial
district. owing TO the possibility OF
decision being handed down by the Su-
preme Court in the Minnesota rate
case. no one was disappointed when
during the forenoon there was a lack
Of activity exhibited, and the mere fact
that trading was confined to few
issues did not call for unfavorable COM
ment. hut there was disappointment
when stocks that sold off failed TO
rally and the market represented by
the standard issues displayed ten
dency TO sag most of the day.
There were several questions which
interested Wall Street aside from the
Minnesota rate case decision, and after
the time had passed for a decision 10
appear. attention was turned to other
matters. Notwithstanding assurances
from official quarters that there is no
special reason why st. Louis 4 san
Francisco issues should betray so much
weakness, traders were not satisfied
that the road has escpaed from a DIFF
ficulty which may lead TO trouble and
the common and first preferred issues
were sold. so at the close they recorded
further declines from Saturdays final
prices. Union and Southern Pacific in
their dissolution tangle came in for
considerable attention and irrespective
Of tho report from Washington that
dissolution plan had been agreed to by
the Union Pacific officials and Attor-
nev General McReynolds. the traders
let both Southern and Union slide on
to the extent Of more than point each
on the days trading.
Then there were some railroad re-
ports giving the earnings for April
which failed TO instill any cheerfuness
into the situation. They represented
such roads as Union Pacific, Chicago 4
Northwestern. Southern Railway and
Omaha. and while gross increase was
reported. net earnings decreased. As
an instance Union Pacific, while show
ing an increase in gross amounting 10
SCI g96. had a decrease in net OF S-lo'-
$50. Chicago & Northwestern, with
gross increase Of S531.O05, presented a
net decrease OF S213.292. and Southern
Railway. with an increase gross OF
SS7 go. had a loss OF net amounting 10
S144.1O3. Added TO these combined
features Of depression there was
the influence from abroad which was
not consoling: the foreign stock mar
kets as whole were somewhat heaNy'
Some Of the American issues made
gains while others showed losses espe-
cially Canadian Pacific. which Is one OF
the leaders i'm both Berlin and London
trading.
The most favorable item Of news OF
the day concerned the increase IN the
dividend rate Of Brooklyn RAPID
Transit from a > per cent 10 u per
cent basis. But the announcement ala
not stir up any enthusiasm on the buy
ing side. and the price of the STOCK
gradually eased off, and a the close
was quoted at lower figure than on
SATURDAY.. The tendency Of the local
money market for call loans was easy
and renewals were made at "a per
cent. although it was reported That s
per cent, was asked by some institu-
lions. Time money was practically un-
changed and remained quiet and I'M
featured.
The outlook based on current negoua-
t;ons was for several new issues in the
| form Of short term notes. and signs
pointed 70 further gold importauohs ny
| Paris during this week.