New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-15
REVIEW OF THE
STOCK MARKET
Securities Rise Steadily
Following News of
TampiCO's Fall.

Capture of Tampico by the Mexican
trict 10 be an important step toward
eliminating Huerta and lessening the
danger Of active Intervention by this
country in Mexican affairs. Active
securities made a general net advance
OF a point or more on a volume OF
trading about twice that OF the day
preceding. Hope Of favorable action
by the Interstate Commerce Commits
sion in the approaching decision on the
freight rate case, which had been in
effective as a market stimulus earlier
in the week assisted Yesterdays for
ward movement. Bonds. while frac-
tionally higher, were traded in at
about the same volume as on Tuesday.
Fractional advances were made at
the opening and activity and strength
increased steadily until early in the
afternoon. Then there was a slight re-
cession in ouieter trading. but before
the close the market improved again,
high prices in a number of securities
being reached in the last few minutes
of trading. Business for foreign &C
count was without influence in the
market, though Of the small amount Of
arbitrage business there were more
purchases than sales The London
Exchange. having apparently COM
pleted It's settlement with no further
difficult. was firm but quiet.
Issues that had shown themselves
particularly susceptible 10 depressing
news from Mexico advanced yesterday
Mexican Petroleum jumped 6 points to
81, closing at 81. and the preferred
made a gain OF g points on the day.
American Smelling and Refining adj
vanced 2 points, with net gain OF ~.
Southern Pacific was rather heavily
traded in and closed at the top price.
almost > points above the final figure
of Wednesday.
Steel common, despite trade reports
Of lower prices. resumed its place as
market leader. touching the high point
Of 611s and closing at 81, with net
gain Of l.. points. Bethlehem Steel
gained Ia points and other steel COM
panies improved Favorable agricult-
ural prospects at length showed them
selves in gains of over a point In Amer
lean Agricultural Chemical and more
froi r,il a rnl1 ~
Chemical on small transactions. Cop
per shares improved Amalgamated and
Utah each gaining over a point.
Further negotiation for solution of
financial difficulties of Missouri Pacific
kept the stock active, and at the close
il had advanced over point to 1874.
News that the plan for meeting the
Rock Islands capital requirements In
Guided an assessment on the railroad
bonds as we'll as on stock Of the Rock
Island company made the collateral As
decline 1s4 points to $685. on transac-
tions TO the amount of over three hun
dred bonds.
Comparatively inactive railroad
shares, such as Buffalo, Rochester e.
Pittsburgh: Chicago. ST. Paul, Mime
apolis & Omaha, and Minnes polls, st.
Paul e Ste. Sault Marie, on small
transactions improved 3 points or
more. Reading. after advancing over
q point fell back a trifle toward the
close, making a net gain of 3 of
point. Union Pacific closed a shade
under the best, III points up, at 1918.
The Bank Of France. as expected.
showed in it's weekly return gain OF
over 100000 francs in gold. Circu-
lation was further restricted, but the
total of discounts and advances in
creased The Bank of England slightly
improved its proportion of reserve to
liability to 445l from 44.62 the week
before, with a further loss in bullion
London open market discounts were
frmer, and demand sterling here closed
higher at 4.sS20