New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-10
REVIEW OF The
STOCK MARKET
Trading Irregular and Less
ACtive-MOney Rates
Slightly Firmer.

Trading in securities yesterday was
less active than on the final days 81
last week. The close was irregular
with small gains fairly general among
the active stocks, despite NUMBER OF
weak spots. Shares changed HANDS 10
the amount Of 100000 and bonds 10
over So. 100. 00O. The market became
firm soon after the opening, broke just
before noon. led by such active stocks
as Reading. Union Pacific and Steel,
and advanced under the same leader
ship in the afternoon, closing near the
best prices Of the day.
London depressed American shares IN
the early trading abroad TO prices from
quarter to more than point be
low parity and sold from 10000 to To-
OO0 shares here on balance. It. Paul.
however. was strong in London and
sold At 9Sa. in the early trading here,
up los from Saturdays close, receding
TO 97io and closing at 9Si4 Lehlgn
Valley was weak under considerable
pressure and declined TO 143Ss, low
record for the year. but recovered at
the close to 40, only fraction down.
Chesapeake & Ohio heavily sold in the
late trading lost over liz points, while
Baltimore & Ohio made a small gain.
Rock Island collateral As touched ~.
finishing the day shade higher ana
the debenture rs sold down 10 69l2,
loss of AZ points. closing at 80, both
making new low records. Wabash re-
funding is opened at J5l4 and closed 1T
81. an advance of point Their ac-
tivity apparently reflected the coming
release of the Wabash from receivers.
Westinghouse Electric showed the
result Of its achievement in paying off
notes without new financing, in )
point rise on rather large transactions
United states Express advanced 10
points TO SO12 closing two points lower.
News developments of the day had
little influence on the market. The
statement by j. F. Morgan & Co. was
accepted IS explaining the firms rela-
lions with the New Haven. but it was
felt that the road was still left with
the necessity of producing an explana-
ton for the high cost Of the New York,
Westchester & Boston. \ decrease Of
nearly 100000 pounds in stocks OF
copper Oh hand reported by the Cop
per Producers Association was also
without much influence as this reduc-
ton was effected by reduced production.
with domestic deliveries in February
slightly less than those of the month
before and decidedly low for the sea-
son.
Idle freight cars decreased over 49,
600 in the last two weeks of February,
the surplus standing at 153901 on
March !. This would he highly favor
able news if the railroads were receiv-
ing adequate pay for their services,
though how much of the decrease was
due to emergency service because of the
storm is not known. Report Of Texas
raid across the border 10 eXhume the
body Of murdered American despite
the exaggerated form in which il irst
appeared was also disregarded.
The decrease in funds here shown bv
Saturdays drop of $1,000 900 in sur
plus reserve produced somewhat frmer
rates in the money market. Call loans
were renewed at = per cent :. Of per
cent higher than on Friday. and al
though loans were made as low as H..
per cent most Of the business was done
At the higher figure The rates for the
longer time maturities also advanced
= Of | per cent Demand sterling was
frmer. For the present it was an
nOunced. the export movement of gold
TO France has ceased with Sl6o0O,c00
taken on the movement. ON Sub
Treasury operations the banks have
lost ST 100000 since Friday.