New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-20
REVIEW OF THE
STOCK MARKET
Fractional Advance at the
CIose-$2, 100000 in Gold
Coin to Paris.

In the greater part OF yesterdays
trading the stock market was dull and
listless. with the price movement mar
row. but little tendency toward weak
ness appeared. Just before the close
buying by traders who desired TO limit
their short commitments to a days
business caused some appearance OF
strength and activity. Changes on the
day were for the most part IN small
fractions, with gains predominating
among the issues most traded In.
Bonds were more active than on Mon
day, but. outside of few Of the more
speculative railroad issues, little price
movement developed.
News that came TO the market con-
tanned no impelling influence. The
weekly weather bureau report paid
slight attention to depredations or In
sect pests in the winter wheat fields,
but told Of overcold and wet conditions
for some Of tho other crops. Mexican
advices were indefinite. with nothing
further 10 show Willingness Of Huerta
to remove himself from the somewhat
insecure place Of power. Steps were
taken toward hurrying the administra-
tions measures for the regulation OF
business through the House Of Repre-
sentatives.
Abroad the London market was
quiet and irregular, American shares
ruling q shade above parity in the early
trading. Securities opened strong here.
but again activity was short lived, ana
throughout the middle Of the day trad
Ing was dull, with such profit taking
sales as appeared readily absorbed.
Toward the late afternoon the volume
Of business increased, and final prices
among a number Of the market lead
ers were the best OF the day.
Steel. again the most heavily traded
in security, advanced " Of point to
63H at the close. Reading, which was
strong in the London market, gained
nearly point. with the greater part
of the Improvement in the last hour.
Union and Southern Pacific were frac-
tionally higher and Lehigh Valley was
firm. Chesapeake e. Ohio showed pro-
nounced weakness in the early trad
ing. declining nearly points, but re-
covered later on renewed assurances
by directors that reduction OF dividend
was not TO be considered at their ap-
preaching meeting. Consolidated Gas
continued heavy. Western Maryland
broke below 90 for the first time this
year and closed 1$4 points down at 2Oh. /
Wabash refunding As improved points
after consideration of the reorganiza-
ton plans soon to be decided upon /
Rock Island debenture IS and collat-
eral As were reactionary.
Engagement Of 100000 moro gold
for Paris started export OF coin, the
supply Of bars at the local Assay once
having been exhausted last week. ms
will bring the gold shipment to Europe
20 far this year to S23,OOO,O00, and with
foreign exchange still ruling high more
gold coin may he expected to follow
without materially affecting the supply
Of idle funds at this centre. sterling
exchange, after a little weakness, on
announcement Of the days engage
ments hardened again and demand
ended the day at the high point OF
4.SS45. The Continental demand Tor
gold has apparently been shifted here
for in London yesterday there was no
foreign bidding for the fSOO'OOO Of new
gold, and it is expected that the Bank
Of England will for the first time IN
months be able to replenish its bullion
holdings from the open market Lon
/ don discounts, however, held STEADY.
Money in this city continued firm, with
call loans renewing at per cent. On
Sub-Treasury operations the banks
show a loss Of $4,000 since Friday.