New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-22
REVIEW OF THE
STOCK MARKET
General Recovery, with
Best Prices of the Day
Around the Close.

A large part Of Mondays decline was
recovered in yesterdays stock MARKET
securities making net gains of from !
TO Il. points or more. with best prices
Of the day around the close. Despite
the near approach of hostilities Mex
:co may not fairly be held responsive
for yesterdays advance or for the ue-
cline Fl the day before. The strained
situation since Huerta's seizure OF
power has meant caution tor traders III
securities as we'll as in many lines OF
general business. but as yet the odliS
fluctuations Of securities do not Directly
represent the effect Of Mexican oe-
velopments.
The efforts toward meeting the Crisis
below the Rio Grande were. however
carefully watched in Wall street.
President Wilson's distinction between
action against the dictator and war
against the nation was felt TO be or
more importance in Mexico than here
Active Intervention has been expected
IN the financial district ever since II
became apparent that refusal Of recog-
milton alone was not enough to ellInl-
nate Huerta, 50 the report that seizure
of the custom house at Vera Cruz had
been ordered TO prevent a shipment oil
field guns and ammunition from reach
ing the City Of Mexico did not make
any appreciable furry in security trad
ing. The debate in the Senate over the
resolution justifying the Presidents
action was followed with interest, par
t,cularly Senator Wiliams's reported
objection that war would postpone the
Democratic programme of antitrust
legislation and thus please the reac-
tionaries.
Trading in American securities IN
London before the market opened here
was at figures fractionally below Mon
DAVIS close. Initial transactions here,
while at Irregular prices, showed a
fairly firm tone Then a sharp early
drive produced general declines, but
were soon made up on short covering
Trading through the middle Of the day
was rather dull, but along toward the
middle Of the afternoon a rather active
buying movement sent securities well
above the final levels Of Monday.
Steel advanced l point, Reading IL
and Union Pacific ia. The Hill stocks
were strong, Great Northern preferred
making a gain Of IL points and North
ern Pacific Of 1ss. Southern Pacific
was firm throughout the day, closing
point up at 9Oss New York Central
closed at the high point Of SSs4, 1ia
points above the final figure of the day
before. Rock Island As were again &C
tive. closing points higher at 80.
Lehigh Valley, under continued press
ure, made a new low record at 1924,
but recovered and closed at 13412, with
a net gain Of over point. Mexican
Petroleum changed hands as low as
59%, but ended the day at 62l2, is
points up. On small transactions Rub
Der broke over 3 points TO 531A, but
closed . points higher. New Haven
made a point gain on the day. AS ex-
pected, the stockholders ratified the
agreement with the government by an
Overwhelming vote.
Money continued firm, with a disposi-
ton on the part Of lenders to avoid
long commitments in view of possible
war financing. 1t is generally believed,
however that the supply OF free capt.
,oI ax-afIabIa <or pOyerprnapt loans "a
large enough to take care OF immediate
needs without any great effect on the
general investment situation. Ship
ment OF coin to San Francisco con-
tinued, $4,000 having been trans
ferred this week. Since Friday the
banks have lost S3,658OO0 to the Sub
Treasury. In London the new gold Of
the week went 10 India and Russia at
an advance after some competition.