The Washington times., 1915-03-09
NEW YORK EXCHANGE
IS RULED BY BEARS"
Mexican Situation Causes Stock
Market to Become Some.
what Reactionary Today.

NEW YORK, March 9.--Profit tax
ing sales. coupled with the bearish
influence exerted by the Mexican situ-
alton today caused the stock market
to become somewhat reactionary.
but for the time being there was an
inclination to defer purchases.
Traders were offering freely on the
strength Of the again threatening de-
velopments in Mexico. and toward the
end Of the first hour there was IN
creased selling. AS no aggressive sup =
port was to be found prices developed
a declining tendency. In conservative
quarters 1t was argued that even II
there were nothing in the Mexican
situation to cause hesitation, there
would naturally be a disposition for
large interests to await the New
York state bond sale.
Much interest was manifested in Mis-
souri, Pacific. as result OF the fact
that the annual stockholders meeting IL
being held today in st. Louis. and the
bs iSai 1ss nos entl.
ly, eliminated from the control and
management Of the road. At one time
during the morning the stock sold up
to 1871, a gain Of IL points.
Third Avenue continued strong, ad-
vancing one point to SIN.
st. Paul dispatches assert that the
greatest bank statements In the his
tory Of the Northwest were made yes.
terday In ,compliance. with the call OF
condition as Of March I.
Banks OF st. Paul. showing deposits
OF $2lS.0O0.0O0 have recorded gain OF
$l6. .OO0 400 since December. and a gain OF
increases have been made In resources
and loans. and the regional reserve
bank OF the Ninth district Is credited
with having done much to stimulate
this improved condition.
Favorable weather conditions have
permitted more plowing to be done thar
has heretofore been accomplished al
this season for many years. and. witt
the farmers optimistic. the city bankers
are preparing to send large sums into
rural banks to finance the agriculture
needs.
A survey OF the active list Of stock,
revealed substantial progress at the
| close OF yesterdays market. but thu
selection of certain specialties displayed
exceptional advances. Minneapolis ant
St. LOUIS preferred rose 10 points
Woolworth 5A points: Southern Rail
way preferred IA points, and numerous
others points. .
So strong has the demand for shit
plates from Atlantic and Pacific coas
| ship yards become since the Admins
| tration ship purchase bill went down tt
defeat In Congress that several large
steel plants in Pittsburgh have beer
| forced to put on large forces Of extrf
| hands to supply the demand.
The leading shipbuildinH companies
| which have been importuning Pitts
| burgh plants to hurry shipments o
plates are the Cramp shipbuilding ane
Engine Company, Philadelphia: th'
New York and New Jersey Shipbuildni
| Company. Camden. y. j.: the For'
River Shipbuilding Company. For
River. Mass: the Newport News Ship
building Company. Newport News. Va
the Pacific Shipbuilding Company. Sal
Francisco. and the Seattle Shipbuildini
Company. Seattle. Wash. Minor com
panics located on the Southern Atlanti
and Gulf. that build ships. are also sai'
| to be very busy.
| The Homestead Works. OF the Car
negie Steel Company. the Jones
Laughlin Company. and other smalle
concerns In Pittsburgh are turning on
the plates and shapes.