South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-04-08
BIC CROP REPORT
holsters STOCKS
Allow Wide Margin For Acct
dents or UnfavorabIe Wealth
er-EurOpean Markets Dull
and Little Business Done.
BY BROADAN WALL.

NEW 1ORk, April S.-DeallngS on
the stock exchange Tuesday We're
again on an extremely narrow scale
and changes in the leading stocks ut
terly without significance.
While much stress is laid on the alb
sence of professional dealings, it is
come to market and the strong I'M
dertone is quite as prominent a char
acteristic as the idleness.
Fundamentally conditions were
strengthened by the remarkable prom
Using crop report issued by the gov
eminent on winter wheat conditions.
With a promised yield of nearly 100,
600 eco bushels above the previous
high record, there Is wide margin
for accidents or Ypfavorable weather
between now and harvest time. Wash
ington's estimate of conditions at
% SIS is 4 per cent higher than the
April percentage last year and y per
cent above any Other year in the past
half decade. Ana this comes on top
Of a record breaking planted acreage.
European markets were as dull as
our own and no international business
in stocks was transacted.
On the floor of the exchange there
were more pages than brokers, in the
offices more clerks than customers,
and on the street more sunshine than
business.
Copper stocks were firm, Amalga-
mated closing with a gain OF SIS 9th
er copper shares were steady, but ne
elected. Alaskan Gold Mines was one
Of the active issues, but failed to make
any substantial gain. Steel was
steady for the most part. Floor trad
ers have abandoned this issue as hope
less. Reports from Pittsburgh regard
satisfactory and Curtailment in pro-
duction is looked for.
Coal stocks were strong, Delaware
and Hudson, and Delaware, Iacka-
wanna and Western gaining points
each. Tobacco stocks came into prom
inence with a 2S-pOint advance in
I,orillard. which carried the price to
100. RumOrs OF an extra dividend
followed the rise. Sympathetically.
Iiggett and Meyers gained point and
American Tobacco . Ia. Mexican Pc
troleum was active and strong. Should
the market broaden, a further advance
may be looked for.
Great Northern ore certificates de-
Clined from So TO 81 The annual re-
crease In total receipts Of 81. 025, 600.
Southern Pacific made a fractional
gain and Union Pacific vas steady
Traders have been watching the latter
stock expecting IL 10 advance on any
signs OF returning activity.
Wabash issues We're heavy the COM
mon selling at l and the preferred at
and Missouri Kansas and Texas pre-
ferred was weak, with practically no
substantial bids I'm sight.
Bond dealings showed a further
contraction. The tone was steady
Another consignment OF $4,000 gold
was received from Canada, making a
total OF $500, 600 so far.
February net earnings OF the Mis-
souri, Pacific were $105.000. Great
Northern for March displayed some
Improvement over February returns
the gross decrease being cut 20 only
$4,000. The interstate commerce
commission has prepared statement
II the February earnings OF $50 roads
showing a decrease OF $1S,S94, 600
gross and S15.236.0O0 net. OF these
decreases the roads in the eastern dis
triCt contributed $1O.214OOO net
Stock exchange governors will vote
Wednesday afternoon on the question
% closing the exchange on Friday and
saturday. over 500 signatures have
been received Cor the petition TO close
Nothing short OF a calamity could
awaken speculative interest this week
Al things being equal. an improve
ment in business and higher range
OF prices are expected next week