New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-20
REVIEW OF The
STOCK MARKET
Listless Trading Con
tinued--Specialties Alone
Strong and Active.

Trading in securities was dull again
yesterday, with the volume of trans
actions smaller than on Wednesday and
price fluctuations narrow among the
market leaders Some appearance OF
strength was given TO the day through
advances in number of specialties on
comparatively heavy dealings. London
was only a moderate trader in this
market, and purchases and sales for
foreign account about balanced.
Early London prices for American
shares were irregular. bit easier than
the final figures of the day before. The
opening here was steady. showing only
small fractional changes. Market ac-
.tivity slackened as the day went on,
with little price movement save among
the specialties. Tobacco stocks were
strong. American Tobacco advancing
over , points TO 2J47s, high mark
for the year. American Snuff, Liggett
q Myers and Lorillard made substan-
tial gains on small transactions. Fer
tilzer shares advanced with repeated
reports of good business past and to
come. American Agricultural made a
net gain of over points, and Virginia
Carolina of nearly -. California and
Mexican Petroleum were also strong
and fairly active.
Lehigh Valley, with the overnight an
it to divest itself Of its coal holdings
discounted in the decline Of the day
before, improved over a point. New
Haven was quiet in a narrow range
and closed only a small fraction down
United States Express. faced with pos
sibilities of a stockholders dispute pro-
longing its liquidation. lost > points on
small transactions.
The time having passed for announce
ment Of the March dividend on the Chi
cago. Rock Island & Pacific Railway
shares, on which depends the May in
terest of the Chicago. Rock Island &
Pacific Railroads collateral trust As,
Rock Island issues showed further
weakness. The common stock touched
377s; the preferred. 3A the collateral
is, heavily sold, 81. and the debenture
Js. $50, all new low records. Buring
ton joint As advanced over / point TO
9S. closing a shade lower. and caused
renewed rumors that the Great North
ern and Northern Pacific might retire
the issue. Elsewhere the bond market
showed slight variation in prices.
Foreign markets, with activity less
ened because of expected political de-
velopments, continued dull. The Bank
of England's return was less favorable
than the week before, with. the proper
ton of reserve TO liability more than 3
points lower at 1892 This is below the
same time last year and below the sea-
sonable average for the last ten years.
Gold holdings decreased over f410,0oO,
as the new South African gold has con-
tinued for the most part to be taken
by the Continent. The bank rate was
held unchanged at 3 per cent, however,
and with more favorable conditions eX
pected next month may be lower. The
Bank of France increased its gold H.
600. 600 francs, with no assistance from
this market. but reported 100000 less
in silver. Circulation was contra cted
100000 and advances 100000 |
while deposits increased 36,0O00O0 and |
bills discounted 100000
Call loans in this market were again |
renewed at per cent, and rates for |
time loans and mercantile paper were !
steady, though funds were a trife !
easier. The banks have lost to the Sub !
Treasury since Friday S2,sS5,0OC