New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-20
FINANCIAL RECORD
HERE And ABROAD
Trading Still Restricted
Prices Firm-OOld from
France and Ottawa.

The Stock Exchange yesterday did
loss than on the dav before. under
zee 0OQ shares being dealt in frices
hardened a little, but gains q. tie emo
q the Gay were generally OF fractions
Overnight deve,opu Cnts, while cons-d-
cred encouraging, did not lead C. any
expansion IN trading. ltsiys joining
the war on the side % tho Allies Ias
been expected 70 hasten final sett-e-
rpat. h1t thGt now appears moro as
tsrt than 4 dld q fow months ago. IN
t,rat!on from Washington that GER
many would for time suspend ih
submarine attacks or merchant vessels
seemed A rood omen. sinking OF n
Pri+,S1 freiehter yesterday offered no
confirmation O. this policy, but shat
news was IN part Offset by denial that
the Trarsylvsnia had been attacked on
Saturday
Al tho beginning OF the day Amnoss
was genera through OUT tho Nst. Trad
Ing slackened after a few moments end
pr,coS went back lttle 20 harden
around NOON and moved lt;le there
after Niesour. Pacific failed 20 rally
with Tho rest o. tho market and went
lower on small amount OF business
Interests formerly 10 control o. the
road VII, q Z! understood, soon come
70 a decision or tho question Of er-
tending their notes.
Chesspeeke & Ohio, whose directors
may take action to-day on the divl-
dend, made a maximum loss Of points.
The provision for ploughing back earn
inCs into property may, It was sug-
rested. prevent any disbursement 70
stockholders 81 this tino. Mexican
Petroleum common ard preferred
we're also exceptionally weak Butte
and Superior advanced I'm the after
noon and ended points higher
Tie expected announcement o. en-
gagement II gold for import from Of
tawa was made late IN the day, $4,000
600 being taken by local banking
house that has been acting FOR the
Bank Of France. In London the Bank
Of England sold a little over $4,000 900
In coin and moro gold Is expected from
Canada. BY direct shipment from Bor-
deaux S2,500.000 IN gold was brought
IN yesterday, making S9,500,0o0 that
has come 70 We across the water from
the Bank Of France this month.
Exchange rates were weak in spite
% the flow of gold. Sterling cheques
closed u Of a cent IN the pound lower
than the night before, and sight drafts
on Paris went 70 q new low record a.
5.36&. Whether or not the changes
in tha British Cabinet will mean dif-
feront policy toward q British loan IN
this market 20 strengthen exchange
rates is uncertain. Judging from re-
cent comments IN British publications
the coalition will pay moro attention
20 furnishing munitions % war and
financial assistance than heretofore.
Hero the governments weekly crop
bulletin was read with much interest
after The reports 81 insect dnmace that
have been 90 iudustriousiy circulated.
Losses from such causes were said TO
be Of con1iderRb,e amount in Missouri
and Kansas, but the extent was still
uncertain and the week gen orally was
called favorable for the winter wheat,
For the spring crop the good outlook
continued and the cotton belt had the
best weather OF tho season IN all sec
lions.
again steel trade publications were
disposed to minimize tho effect Of our
difficulties with Germany on that IN
dust~y. Il was admitted that some
structural contracts had been delayed,
but mill operations were said 20 have
been increased.