New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-18
REVIEW OF THE
STOCK MARKET
Weak, Irregular Close Al
ter Break of Six Points
in Missouri Pacific.

A hreak OF G points IN Missouri e"-
c,nc checked an early rally IN seou'E
,,o. Yesterday. and the market became
uncertain. with weakness deVe'opi"s
toward the close. Az the opening inc
inward tendency Of the Anal trading
., r,ursday was strl In evidence
London prices had come frac'ion".S
higher, and initial transactions mere
,.D a., MANY instances at better than
The London quotations. In the carry
..a,,r nY,ces were fairly arm; then
heavy selling in Missouri Pacific WIN
Or.,r,re AGAINST other individual Sc
,ur,t,es brought on uncertainty ana
thu market was heavy until around 'ne
las, hour. when prices generally save
wav The close was irregular win
fractional losses predominating among
,,n active issues. The volume OF trao-
ing a little over 100000 shares was
.nout the same as on Thursday
Bonds were generally Arm unul inc
latter part Of the day, when some
weakness developed
Missouri Pacific opened with a IrSo-
t,onsl gain Of 2411. and was tairiE
steady throughout the first hour {"
trading: then under unusually heaN'
selling il gave ground all day 'oucn'''s
49, its lowest price for more than
sfteen years. and closing at 1874 Win
s net loss OF 5ss points. For a second
time IL was learned negotiations io'
financing the S25,o0o,Ooo notes due IN
,una had been broken of. This Tune
=, had been planned 10 sell Iron Noun
tain 6 per cent bonds owned oy MIS-
sour, Pacific, 10 meet the matur'hS
rotes Interests connected with the
rosd however. reiterated that the
rotas would be provided for. The safes
% Missouri Pacific jumped from Tess
than $500 shares on THURSDAY 10
around 5000 yesterday. making II the
most active stock In the list. Denver
G. Rio Grande shares also were weak
The common lost is points CLOSING at
l1n. and the preferred . at le1s MIS-
soprt Pacific convertible 5s opened al
7OI5 and broke 10 66l7.
L,ehiCh Valley was again heavily solo,
reeeding TO 1874, 6i2 points oeio"
Thursdays final figure, and closing a.
1876. Reports that dividends would not
be maintained at the 10 per cent rate
were widely circulated. Can was more
sctive than for months, the taking OF
Testimony in the government antitrust
sAtt being made the occasion for sell
ing\pressure. With little support the
stock broke 8 points to %, and Of this
loss made up only q Of point IN the
later trading Reading gave way under
some pressure, and closed at the low
point Of 1925. IA down
steel and Union Pacific were strong
in the morning and held fairly hrm
throughout the day. with net losses OF
fractions. Copper, too, despite reports
Of dull trade conditions for the metal
lost only y OF point. New maven
was unchanged on the day. being up
held by the report that arrangements
were being made TO provide for the
notes soon 10 mature.
Foreign news was rather encouras-
ing. with European bourses improved
on the report that the difficulty with
Mexico was TO be settled. The Imperial
Sank OF Germany continued TO improve
,ts position with gain Of nearly 3S.-
100000 marks in gold, shrinkage OF
1s5.OOO.OOO in loans and discounts and
OF 100000 in circulation. Known
movements OF currency indicated
cash gain Of around 100000 in to-
DAYS bank statement, with some 3d.
10000 gain from the interior and
loss In sub-Treasury operations OF ST.
$4,000. Financing the city and New
Yoxk Central bond issues may show in
an increase in the loan item.