New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-17
REVIEW OF THE
STOCK MARKET
Securities Slightly Lower
in Dull Trading-FOr-
eign Sales.

The weak opened in dull, lstless
session yesterday, with closing prices
generally lower and few of the active
issues making changes on the day OF
more than small fraction. Transac-
lions amounted to only about 5000"
shares. Sales Of some 10000 shares on
balance for foreign account had an APP
preciably depressing effect in the small
volume of trading.
The London market showed more de-
preston over Ulster and Home Rule
getting little comfort out Of Premier
Asquith's statement that he did not
feel much encouragement over the re
ception Of his plans. Consols declined,
and the early London prices for Ameri-
can securities were below parity. The
opening here, while irregular, was a
shade better than Saturdays close, but
this improvement was not held The
market sagged off through the day,
and even after the Supreme Court had
announced no important decisions
trading continued dull and quiet.
Steel. Union Pacific and Reading &C
counted for about one-third Of the
days transactions. Specialties were
generally less dealt in than last week
WESTINGHOUSE, however, was rather
heavily bought. advancing over :
points. American Agricultural Chemi-
cal shares made gain Of nearly =
points. General Motors dropped back
TO 80. but rallied later to 1872, a q
point loss on the day.
Missouri. Kansas & Texas preferred
was depressed on reports of poor divi-
dend prospects and lost 1 points, clos
ing at the low figure Of 40. New
Haven. following a statement that the
road needed S1OO,0OOo0O. sold off. II
reacted later 10 small fractional net
gain. after report from Washington
Of Senator Weekss appeal TO Presi-
dent Wilson on the roads behalf
Bonds were in most instances frac-
tionally lower. Southern Pacific con-
vertible rs. when issued, declined on
fairly active trading. Steel bonds, also
considerab bly, dealt in, were shade
easier and New York Railways ad-
tustment 5s sagged off on heavy sales.
News of the day had little market
effect. The report OF the American
Telephone and Telegraph Company,
while received with interest, had no
apparent influence on the course OF
that stock For the year ended De
cember 81. 1918. the company made
net profits of over S4O.OO0.O00. an in
crease Of more than S26OO.0U. The
balance out of net earnings after in
terest charges amounted TO 300 per
cent on the capital stock. against go
per cent in 1919. President Vail urged
his stockholders not to he frightened
into sacrificing their interest In the
company through threats of govern
ment purchase. The property, he said,
was well worth more than the market
value of its securities.
In spite Of the more favorable bank
statement call loans were renewed AZ
- per cent. as on Monday Of the week
before. but money for time loans was
I slightly easier. DcIHdHu SlelII 'lO9'N
at / SG35, against i $500 on SATURDAY
An issue Of $4,000 600 Argentine >
per cent Treasury notes has been
placed i'm London, and il is expected
that the burden Of the gold demand Of
/ Argentina arising from this flotation
| will he shifted TO the United States
The spring settlement on the Cont
/ nent. however, owing 10 the restricted
trading. will apparently be effected
with less trouble than in recent years
/ and should make no direct demand on
orr gold.