New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-07
FINANCIAL RECORD
HERE AND ABROAD
Irregular Changes at Close
After Renewed Strength
at the Opening.

The securities market yesterday
closed with prices irregularly changed
and not far from the final figures of
the day before. At the opening con-
tinued frmness in quotations for
American securities in London after
the Easter holidays was followed by
renewed strength here. Profit taking,
however, was heavy and the broad ad-
vance was soon checked. Business was
considerably quieter in the middle OF
the day. though activity in the first and
last hours brought the total of bust
ness TO we'll over 100000 shares, not
much bclov that of Monday. Bond
trading in the Stock Exchange was
trine smaller than the day before, with
prices firm.
The full text Of our reply 70 Great
Rritain's blockade order. published
overnight, was decidedly reassuring
aud aided in the hrmness OF early
transactions. 1t appeared TO preserve
for us our right TO protest against
any undue aggression by Great Britain
and her allies without raising any
serious difficulty 10 threaten our har-
IlOll0NN INldNlNES WIN Wv ~,
Hcross the sea New business from
outside the market, however, appeared
60 &c less shan on Monday, and the
opcrat;ons Of traders, which make up
So large q part OF the market, were
inclined 20 take the form OF cautious
profit taking and some short selling.
Bethlehem Steel early in the day
went 10 a new high level at % n.
Then, following announcement by the
president Of the company at the an
nuai meeting that between S2O,OOO,OOO
and $50 10000 should be spent out OF
earnings on it's properties here and in
Chilli, prospects for dividend declsra-
ton seemed less promising, and the
stock declined nearly points from
Its highest and closed more than
points lower on the day.
Goodrich was rapidly advanced TO
more than : points above the close of
the day before and retained practically
ali Of its improvement. Studebaker,
after making gain Of some proper
ton, closed unchanged. Copper stocks
were higher, with better market Tor
the metal Union and Southern Pa
cifc were firm around the close, while
Reading. which advanced around the
noon hour, lost all of its gain. Steel
got above 30 again, but fell back 10
With return of April dividend and in
tercst money a little easier tendency
appeared in time loans, but otherwise
monetary conditions here were un-
changed. Foreign exchange rates were
n trife easier on quiet business, though
in London discounts on three months
bills were per cent. The proposed
British credit here will. il is under
stood. not be arranged for some days.
There rs no reason 70 suppose that
the plan has been changed from an
offering in this country of bonds Of the
British government. 70 larger amount
than the S5OOO0.000 French issue.
Though last weeks exports from tins
port showed a continued shrinkage. the
preliminary estimate of favorable
balance Of S145O00000 for March indi-
Gates that some means must be taken
TO aid European purchasers IN paying
for our goods.
Washington adviccs reported the
president as satisfied that business was
making more uniform Improvement.
This week is the period for the semi
annual settlements in mercantile lines.
Largely because Of the conservative
wav in which business has been con-
Quoted for the last six months these
settlements are proceeding IN gen
orally satisfactory fashion. Reports
OF economy and increased savings are
being received from widely scattered
sections Of the country, and 1t would
appear that when the turn in business
does come, it will be based upon the
sound foundation Of we'll liquidated
trade