New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-28
REVIEW OF THE
STOCK MARKET
Prices Higher, with More
Activity-Drop in For
eign Exchange.

with the Mexican outlook improved
and the London trading showing
much more cheerful tone, the market
here opened strong and advanced fairly
steadily through the day. Securities
most prominent were, at their best
around a point higher and retained
good part OF the Improvement at the
close. While the amount of business
transacted was not large, it was more
than twice Tuesdays discouraging low
total. Bonds were a shade quleter, op-
rortunities for speculative profits for
floor traders again appearing in me
share list.
London prices came materially
higher and purchases for foreign ac-
count amounted to about 10000 shares.
Success of the Bank Of England OBJ
tanning new gold from South Africa
no difficulty in the progress Of the set
tlement, and passage Of the Home Rule
bill unaccompanied by serious dis
turbance in Ulster enlivened trading
across the water. Here active issues
opened around one-half Of a point
higher. and the advance continued with
only slight reactions until the late az
ternoon. Then the market was little
more quiet and prices weakened trifle,
but at the close was firm, and num-
Der of the issues most traded in were
- ,,,4 ba EN- traH ding RQnG-
ing and Union Pacific each made a
maximum gain Of a point, Southern
Pacific OF 11s, and Steel Of * and Cop
per Of q. OF these Steel and Copper
closed at the high prices and the others
were only fraction off from the best.
General Motors, which as yet pays no
dividend, closed at 9S, points higher
than the I per cent preferred 1t had
advanced ~ points to 30, with re-
newed reports Of disbursements from
profitable operations of the company.
Studebaker, common and preferred,
was also strong. Canadian Pacific nd
vanced in London on report that liqui-
dation for account Of a heavy specu-
lator who had been relieved of his
holdings was at an end. Here il
closed at its high price Of the day,
1889, more than 31a points above
Tuesdays final figure. Missouri Pa
cifc was firm, with the day nearer on
which the directors are TO announce
whether or not in their judgment
enough. notes have been deposited to
make the extension agreement effec-
tive.
international Mercantile Marine
bonds reacted points on profit taking,
stimulated by discussion of the posi-
bility that proof Of negligence by the
White Star Company might be pro-
duced TO increase the limit Of liability
set by the laws Of the United States
under which suit in this country must
be brought. Brooklyn Rapid Transit
convertible As were higher and New
York Railway adjustment IS fell off a
fraction. Wabash bonds were firm.
Overnight rumors that Huerta had at
last started fight out Of the country
were not confirmed during trading
hours, but such an outcome was be-
lieved almost inevitable. Advices from
the mediation conference in Canada
continued favorable. Steel trade pun
locations reported practically no i'm
provement in buying of finished steel
but continued movement Of basic pig
iron
Foreign exchange rates were easier
following lower discounts in London.
and no further announcement OF gold
for export came to the market. Gail
loans were rene-ed a shade lower, at
rs per cent, and time accommodation
was somewhat higher, with business
light. Including payment for gold for
export the banks show a loss of over
SIOOO,OOO since Friday on sub-Treas-
ury operations.