New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-06
REVIEW OF THE
STOCK MARKET
Quiet Trading, with Little
Price Movement-The
Close Irregular.

with little outside news TO stimulate
tho market movement trading In Sc
curi,ics Yesterday was quiet and price
movement slight The volume OF busi-
ress less than 275.OOO shares. was the
smallest since war in Mexico began to
he a market factor, and at the close
tina most active issues were irregular
and only fractionally changed from the
Anal figures OF Monday. Bonds were
dealt in on a slightly larger scale than
in the day before, at generally nrrneF
prices.
The London market, still absorbed
,-,,b ite nroblem of government finance.
was rather quiet. and American SHARES
before business hours here were ht-
tie below parity. Foreign business IN
tb,s market Yesterday was light. about
evenly divided between buying ana
selling. The market here opened ouii
with small fractional declines on real
,zing rather general among the active
secur,ties AS the day advanced fur-
Their trend downward developed In 'ne
carly afternoon prices hardened again.
but profit taking was renewed toward
the close.
The Mexican situation. while proVld-
ing no alarming Developments had
without doubt considerable REFRESHING
influence on trading. The refusal or
Cerranza 10 agree TO tho proposals OF
the mediators. while welcome as ap-
parently removing him from his POSI-
t,on as q favorite at Washington, AZ
the Same time emphasized the difficult
ties Of the task before the South Ameri-
can diplomats. Overnight dispatches or
varlike preparations around Vera cruz
were also disturbing. Complete lists or
the Presidents original appointments
10 the Federal Reserve Board confirmed
the favorable impression OF the day
before. Regret. however, was feit mat
so important a post as that or mead OF
the new banking system should be of-
fered and then declined.
No definite progress was reported to
the market toward rennancing the MIS-
souri, Pacific notes, but as acknowl-
edement has been made that new bank
ers are interested in the matter. belief
in a favorable solution persisted. Mis-
souri, Pacific changed hands rs high us
21i. and closed at 2Oai, having gained
s. Of a point on the day. The converti-
BILE rs moved up Il a point TO oSsi.
and the first refunding As closed 4 or
a point higher at 50 Northern Pacific
was under some pressure in the morn
ing. declining nearly . points TO lV9ss,
with renewal OF the rumor that new
stock issue was being considered.
When this was authoritatively denied
the stock recovered a large part Of ils
loss, closing at HOS. ..
The usual market leaders ended the
day with little change. Reading was
up a. Union Pacific of - and Steel
down a.. Steel was not quite so active
as usual. traders apparently being
doubtful as 10 what would be disclosed
in the statement OF untitled orders 10
be made public the latter part Of the
week. Canadian Pacific was compare
lively quiet, closing Il below Mondays
final figure. Lehigh Valley lost nearly
point. Traction shares were firm
with fractional gains. Brooklyn Rapid
Transit 4s advanced A point to 911s
and Interborough- Metropolitan 41es
closed at 714. y Of point above Mon
DAYS close New York Railway adjust
ment IS improved q of point
Report was received Of the sale Of
So. 600 900 Lake Shore notes in Paris,
part of the proceeds Of which will be
used to meet S10OOO.OOO OF sterling
notes due in London the middle of the
month. After the usual competition
for the new gold IN the British capital
Paris took the greater part OF the
$4,000 offered. at the highest price in
about Ave years. Call loans in this
city were again renewed at III per
cent and time accommodation contin-
ued easy.