New-York tribune., 1915-03-31
FINANCIAL RECORD
HERE AND ABROAD
Advance in InduStrlals and
Low-Priced Rails-Rock
Island Up.

Heavy trading in industrials and low
priced railroad stocks produced the
largest days business on the exchange
since reopening, more than 6fb,OOO
shares changing hands. With strength
elsewhere, issues in the international
list were comparatively quiet and gen.
orally reactionary, though they, too,
joIned In a late advance and closed
considerably above their lowest. In
the early trading dealings were ex~
septionally active, with many issues
advancing rapidly, and at the end Of
the day gains of up to points or more
had been made in favored stocks.
Bonds were dealt in to total Of over
s3.700,00 the largest since the active
days OF January.
AT the opening Bethlehem Steel, Chi
cago, Rock Island & Pacific and some
of the so-called American industrialss.
such as Studebaker, Can and Lead, ad-
vanced rapidly. Some reaction FOL.
lowed, but there were recovery around
noon ana general improvement in the
late trading. Excited bidding for the
old Rock Island stock seemed to con-
firm reports Of buying for control.
More than 10000 shares were traded
in and q net advance of over 5 points
was made, bringing the price up 70
some 10 points better than Saturdays
close. The debenture Is and refunding
bs each went around points higher
on heavy business. Bethlehem Steel
shortly after the opening went up AZ
points 70 a new high at 81 p. but hac
lost more than points of this gain at
the end Of the day.
Reports of profitable business from
the war improved motor stocks ana
Rubber. Copper securities were firm
IN the afternoon, following reports OF
sales Of efectrolytic copper at l6 cents
q pound. Railroad stocks generally
lost ground, as profits were taken when
industrials assumed such prominence
Steel closed q fraction lower.
Abroad tho London market again re-
ported American securities firm In the
early trading. Discount rates In Lon
DON were easy. and the Bank Of Eng
land set aside more gold for the Argen-
tine and for other accounts. The e15,-
o0o. 900 British Treasury bills, accord
ing to early advices, were placed at
better rate than had been expected.
The Canadian loan Of f5,000.OOO A.
per cent bonds was oversubscribed,
large applicants getting only about
two-thirds of the amount asked for.
Here there was little further in
dication of the usual frmness In
money rates that precedes April settle
merits Call loans again renewed at 2
per cent and time accommodation WAS
ouiet az rates as on Monday. Reports
from Washington that emergency cur
rency had been reduced TO Sl5,OOO,OOo
bore evidence to the quiet in industry
and general abundance of funds.
The foreign exchange market was
comparatively steady, sterling rates
closing a trihc lower. Late in the day
FORMAL announcement was made Of
plans for Offering one-year per cent
French Treasury notes 70 the Anne r.
can public at 9014. The proceeds will
be applied to purchases In this coun-
try and will lessen the need for draw
ing on the Allies gold Great Brit
aims loan here is still to come. Yes
terday an engagement Of s375,ooO in
gold from Japan was announced, max
Ing more than 100000 taken in the
Far East this year.