New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-30
REVIEW OF THE
STOCK MARKET
Reaction After FirmneSs at
Opening-Demand Ster-
ling Drops.

The Mexican question NeS''iu"S ie
manned under diplomatic discussion
and little other news Of impelling force
came 10 the market. Trading was dun
and securities suffered a reaction nat
ural after the rally Of the two preced-
ing DAYS. AT the opening fractional ad-
vances were made on covering by the
short interest. assisted by some buying
for London account, but stocks were
well supplied at the improved hgures
and prices sagged 10 weak close'
BUSINESS in bonds again was quiet IN
restricted list, with price movement
narrow.
The London market encouraged by
progress in Parliament toward setting
the Ulster question. In addition to the
efforts toward peace IN Mexico, was
strong. consols making further ad-
vance. The fortnightly settlement was
accomplished with little difficulty.
American shares in the British capital
were generally small fraction above
paritv before trading hours here. For
London account some 10000 shares
were purchased IN this market on bal
ance. making the preponderance OF
buying for foreign account here nearly
| 10000 shares so far this week.
Following the overnight publication
Of the quarterly report Of the United
States steel Corporation, its common
stock opened g substantial fraction
higher on covering by traders. who had
expected q more unfavorable account
OF earnings. Though this advance was
lost and Steel closed fraction down
on tho day. It held comparatively
steady throughout the trading. Cop
per, too. was comparatively firm. the
metal market reporting some better
buying at the lowered prices.
Railroad reports for March made bet
ter comparison with the corresponding
month Of 1913 than did those Of Febru
ary. Union Pacific at last returned a
slight Increase IN net, Illinois Central's
gross and net again improved and st.
Paul, out Of an exceptionally large
gross, achieved a remarkable increase
in net through extraordinary reductions
in operating cost. The difficulties Of
the present railroad situation were
shown IN the default on Pere Mar
quette receivers certificates.
Railroad shares, however, lost part Of
Tuesdays gain, the net decline reach
ing point in Lehigh Valley, II
points IN Southern Pacific and IL
points in Canadian Pacific. Missouri
Pacific was again actively traded in.
After making a slight advance early IN
the day Il broke about points TO the
new low record, 1872. and closed / point
down, at Is. Rock Island collateral As,
with the day for defaulting the inter
est nearer at hand. reached a new low
level, at 31A. The shares were also
week, the common touching a new low
ct 27s and the preferred equalling the
former low mark Of AZ.
Can lost over a point Of its recent
gain. American Tobacco. after chang
ing hands points higher at 231, closed
at 2247s, with a net loss Of over 9
points. Colorado Fuel and Iron. with
federal troops on their way to the
scene Of riot. made an advance on small
transactions.
Demand sterling made an abrupt
drop Of 90 points to 4.S7G5 its weak
ness being attributed TO London's par
chases Of American shares In this mar
llet. Money rates here continued easy.
on Sub-Treasury operations the banks
still showed a gain Of IS, 500. 900 since
Friday Montreal exchange on this
city having fallen, a small shipment OF
gold 10 Gam do ,,.nc ,nrnrtn al