New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-27
REVIEW OF The
STOCK MARKET
Stocks Higher After Rally
AbrOad-NOrthern Pa
CifC Heavy at Close.

Weakness ana strength ait''I"''u ~
the stock market Yesterday leaving
the trend uncertain, though closing
prices generally showed fair sized gains
ON the day. I'm the carly hours trad
Ing was depressed Icy reports of hnan-
cial apprehension i'm the foreign mar
kets because Of the troubles oi Two
banking houses in Paris and by un-
certainty over Mexican developments.
Ae tho dav wore on. however, and il
became definitely known tnat the Paris
difficulties had been cleared up, the
foreign security markets rallied, and
the local market followed their lead.
From noon until the beginning Of the
last half hour the market continued
strong. \ bear drive then sent prices
down close TO their low figures Of the
morning. which we're also tho low Of
the week. The rally that followed
brought the price level back TO little
above Wednesdays last.
The Gould family's declaration that
they would insure Missouri Pacific
having the money TO meet any proper
assessment on its Wabash holdings
helped to rally the low priced railroad
shares. many Of which seemed TO have
been sold only because they were iden-
titled in the public mind with the fam
fly group. There were very small
dealings I'm Denver common and pre-
ferred. only two hundred or three hun
dred shares of each, but the former
gained 21a points net and the latter
go. Missouri Pacific. on the other
hand. advanced but Il 3 point.
Authoritative information that the
Equitable Life Assurance Society would
bring it's reported suit 10 enjoin the
Union Pacific distribution OF Baltimore
e. Ohio shares did not keep Union Pa
cifc from enjoying a substantial ad-
vance, the suit being generally re-
garded in the financial district as Of
friendly character. In the late deal
ings Union Pacific and Steel were heav-
fly bought. effectually checking pro-
fessional operations for the decline.
Mexican news was of too contra
dictory a character 10 promote activity
on either the long or short SIDE Of the
market. The report that Huerta had
refused permission 10 the United States
10 station marines IN Mexico City, with
the statement from Washington that
no such permission had been asked. did
nothing more than act as a check on
speculation.
Southern Pacifc's statement Of Janu-
airy earnings. with their decrease in
gross of S370974 and in net Of S361,-
51S. caused no surprise. but there was
qualification over Union Pacifc's abil-
fly 10 keep its net decrease down 10
500, $50, with gross decrease Of 1927,
sol.
Northern Pscifc's weakness in the
late afternoon was apparently unre-
lated TO other market movements. It
was accompanied by q report that the
company was about TO do some new
| financing.
| The Bank OF Englands return showed
small decline in the percentage OF re-
serve TO liabilities and nominal gain
in gold holdings. At 81. Al the reserve
percentage is stu high for this season.
The Bank Of Frances report was
strong one heavy decrease in circu-
letion accompanying a gain OF about
5000 600 in gold.
Call loans in the local market re-
newed at Is per cent. The time money
market was easy. with no change in
rates