New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-07
FINANCIAL RECORD
HERE and ABROAD
Moderate Recovery in Day
of Irregular Movement
Close Firm.

Overnight dispatches brought little
70 add 70 the apprehension OF interna-
.ional difficulties that had furnished
the occasion for the break OF the day
before. The securities market opened
frmer and despite some reaction o"
definite word of Japan's ultimatum 10
China ended with renewed recovery
For the greater part Of the session .. aS-
tivitv was lessened, there oelhg iI.1le
inclination 20 operate IN large No'uIne
for a decline and purchases ~ W
more attractive prices oherea lhloue "
the drop of the day before pe'"s WI
Quoted conservatveIy. coo mn
The days business, OF around oVV'SoV
shares was about third below tha'
~ "wednesday. Bonds were relatively
more active, with trading well as.
tributed but an irregular trend Oh
nrices. In London our securities WEAK
ened ms result Of the changes OF the
dav before on this side and sellhg
here for foreign account was reportTu
in some amount. How well the OUTSIDE
nublic will come back as buyers 10 a'u
IN the assimilation of European onef>
;ngs is vet 10 be seen. At least yester-
dav indicated that there was no pres
emit disposition TO carry 20 extreme
length n tendency toward reaction
Janan's demand on China for favor
able reply to her requests Wlthln iorIS
eight hours, though not exercising
nrrmanent influence in trading, iuI-
nisbed a subject for much discussion
China's government, none too secure
r,icbt Il was thought, yield at the last
moment rather than undertake actual
warfare with the trained forces OF us
rival From the European centres OF
hostilities news received was IN con-
frn,ation Of advices of the day before.
Tho Russian setback seems important
and London admitted progress by the
Germans in the north of France, where
further demonstrations in force are
expected. - 1,
stocks first showed itself among the
industrials that do not figure on the
international list. Pressed Steel Car
opened with a considerable advance
attributed 70 its negotiations for
large Russian car order. Bethlehem
Steel at one time was nearly 10 points
above the close of the day before. Inc
locomotive companies, New York Ar
Brake and some of the automobile
stocks made important gains. More
seasoned issues improved in the, late
trading. Union Pacific and Atchlsoh
ended q point higher, while Keadln 8
which had been under considerable
professional selling pressure more
than made up its early loss. steel
closed below its best, but stu sun
stantial fraction higher on the Day
The copper stocks were firm. AmaiGa,,
mated advanced with reports, conhrmeu
after the close, that distribution OF us
assets was imminent.
Sterling exchange for while showed
considerable strength, being in good
demand for remittance by mercantile
houses by the end of the week steamer
and also for payment for our securities
returned from Europe. Sight drafts OF
London got up TO 4.79&, but weakened
before the end Of the day. The proposed
Argentine loan, Of which, It is under
stood, S25.O00,0O0 is to be placed here
and similar amount IN London
should work TO England's advantage.
as part cf the proceeds Will be used
to pay S4O,O0O,O0O maturing in the
British capital.
London dispatches again reported
shipment Of gold from Paris to this
country which was not confirmed here
The Bank Of France, which is releas-
ing gold to strengthen exchanges, re-
ported q loss of over 22,OOO,OOO francs
Yesterday, a reduction of more than
$4,000 900 francs IN its gold holdings
IN the last three weeks. 50 Jar 81
100000 Of this has reached this counr
try. The Bank Of England added near
~ el,00O000 20 its gold and strength
c7ed 4 .rife IFS reserve proportion.