New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-15
FINANCIAL RECORD
HERE and ABROAD
Irregularity and Some Re-
action in Another Mill
ion Share Day.

Heavy trading on the Stock EN-
change was continued, yesterdays to-
tai of over 100000 shares being only
little below that Of the day before
Profit taking orders, however, had more
weight, though commission house buy
ing continued in good volume. Early
in the day business was on an eXcep-
tionally large scale. with advances Of
from TO points in standard issues,
Considerable irregularity followed. and
around noon trading slackened and
prices fell off in the last hour pro
fessional selling pressure was added,
and the market closed a point or so
below its best, but for the most part
higher on the day.
Copper stocks. again led by Anal
gamated, we're a feature for firmness.
The market. for the metal showed fur
Their strength, and prophecies of 20
cent copper before summer were fire.
quent. In the late trading INTERIOR
ough- METROPOLITAN. common and pre-
ferred. were rapidly advanced, and
closed at their best, with reports that
dividends would be resumed on The
preferred more confidently circulated.
Equipment issues had an upturn,
American Locomotive going points
higher. Bethlehem Steel was centre
Of much less trading, but again fluctu-
ated over a wide range, going up ~
points TO 145 early in the day, and IN
the afternoon getting as low as l2S.
At the close it had made q net ad-
vance of points. Among the indus
trial specialties oil stocks were more
prominent in the early trading. Some
of the automobile issues were reac-
tionary.
United States Steel Joined in the
early advance, but ended the day only
a shade higher, and in the interna-
tional list changes on the day were
generally of fractions. Rock Island
Railway. now that its annual meeting
is over and efforts of the different IN
terests concerned are apparently to be
devoted to the question of rehabilita-
ton rather than of control, was par
ticularly active. and closed with a good
gain.
change followed frmer discounts in
London. and further heavy sales Of
our securities here by European own
ers. Even German exchange, which
early in the day went as low as SIS
for four marks, rallied at the close.
In spite of steady foreign liquidation
and sales for domestic account, the
continued breadth of public interest IN
securities with the reported liberal
buving orders a little below the pres
ent level of prices, make II appear
that unless some powerful influence
from outside the market should be eX-
erted, the reactionaTy tendency IN
prices apparent yesterday Is not likely
TO be carried to any violent break.
Great ease of money for market pur-
poses encourages speculation. Call
loans renewed at % per cent, as on
Monday, and time accommodation was
steady. In London discounts were
higher following announcement OF the
governments rates Of Treasury blllS
10 be offered. Improvement in invest
ment demand was shown yesterday IN
immediate oversubscrlptiOn OF the ST.
600 600 of New Haven One-year per
cent notes offered at 99l2. The syndl-
cate that took the recent state loan has
advanced the price Oh the ifty-year
bonds, having now only S5,O00.O00 left
out of the S27,OOO,OOO Of both issues:
From the steel trade little definite
improvement was reported in weekly
reviews. though price advances arc
being fairly well maintained. New
orders are falling off. The first Of the
governments bulletins on weather and
agricultural district told of seasonable
heat and moisture, which for the most
part promoted farm work save where
the soil was too wet for planting corn.
Cotton consumption last month at
home and abroad was put at high
rate by the Census Bureau.