New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-21
REVIEW OF The
STOCK MARKET
Railroad Stocks Advance
Prices at the Close
Generally Higher.

Railroad SHARES duNdllNtN III SN'N~N
days market following overnight re-
ports that President Wilson had ex-
pressed his desire to help TO relieve
them from their present plight or in
creased operating expenses and les
sened net revenues. Securities were
generally strong, with specialties less
in evidence in the later hours and CLOS
ing prices at or near. the best OF the
dav The volume Of trading increased.
over 100000 shares changing hands IN
a fairly broad list. Sales on balance or
some 1900 shares for foreign account
were readily absorbed.
The Paris market reported better
tone. with rentes slightly improved, but
London was depressed by the warllke
preparation In, Ulster. Consols Declined
and early London prices and Ameri-
can securities were generally from Il to
/ point below the final figures Of Thurs
dav. Trading here opened irregularly.
with prices slightly down. Before the
end Of the first hour however. the
market hardened on covering by the
shorts, and toward the close became
unusually strong and active.
New Haven advanced point follow
ing a report from Washington that
negotiations with the government were
proceeding satisfactorily. Missouri Pa
cific, with word that arrangement had
been made for financing the $4,000
900 notes due in June. made similar
gain. st. Paul touched par for the first
time in some days. Reading and Union
Pacific went up over q point on active
trading. New York Central made up
part of its dividend. Steel, despite I'M
favorable reports from the industry,
closed with material advance.
Copper stocks were strong. Exports
of metal for the week ended on Thurs
day amounted to over 11,0O0 tons
more than twice those Of the CORE
spending week last year. United
States Express opened at so. loss Of
points, but made up most Of the de-
cline. Rock Island issues improved,
the stock gaining a fraction and the
collateral As closing at 80. 2 points
above Thursdays low figure. Burling-
iron joint As reoeded slightly and
Southern Pacific convertible 5s were
actively dealt IN. Two bonds Of the
National Railways of Mexico were sold
at 81, the first transaction Of the year,
and 33 points below the close Of 1913.
Reports by the commercial agencies
were rather discouraging with no uni
form trend yet seen toward improve
ment. Buying is still conservative in
drygoods markets and textile manu-
featuring plants are reporting lessened
employment. Commercial failures in
creased, as compared with the same
week last year Gross railroad earn
ings reported for the first week in
March showed a decrease as compared
with last year considerably beyond
that Of the initial weeks Of January
and February. Bank clearings are still
somewhat under those Of 1918
From reported movements Of cur
rency during the week 1t is estimated
that the banks made a cash gain Of
about 100000 From the interior
about $5.SOO,OO0 was gained on bal
ance. Sub-Treasury transactions re-
suited in loss Of S4275,OO0. Gold
coin TO the amount Of 100000 was re-
ceived from Canada and $4,000 was
shipped to Mexico. Money was bit
easier yesterday. Call loans renewed
over the weekend at 13I per cent, one
fourth Of ! per cent lower than the
rate prevailing since Monday. Time
accommodation was q shade easier.
Sterling exchange was lower.