The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-27
FINANCIAL NEWS
AND COM MENT
Further Upturn in the stock
Market-Brcak in
Wheat.
MORE OF GETAWAYS GOLD

There has been a certain ssmeness
in tho considerations which have becn
urged on wall Street attention for the
past two weeks. Practically all have
related to the new phase on which the
European war has entered and the nc~
features which It is presenting.
Whatever material force these nave
had In their bearing on values and
business has not been weakened by the
passage OF events The spring campaign
abroad remains u powerful factor Tor
Immediate restraint here against the
constructive effect oe many influences.
but Wall Street custOiuurily regards
anything which has been In the field
NJ attention for several DAYS a. having
measured itself in quoted values. The
securities market. having reacted IN
the average to the low levels OF trad
ing 81 the organized EXCHANGES during
Thu. last eight months, and no pressure
following prices down to this level. the
stoci market community iF no, prone
10 take a lea IRISH view y the .muedl.
ate future, however much sdyduAnE
tendencies may be checked.
Under such circumstances and with
dealings largely professional n. fact
mat WV Slhtif llSl yesterday 4tutp \
further rally. while bonds continued ia
display greater frmnesS. was not sur
prisinE. The tendency Of IN. process
OF evening up commitment toward the
end OF Z week I'm which there had beet,
a setback would "" toward purchases
and trcn though short covering ir yarI-
GUS directions seemed 20 account To-
the bulk Of the buying the. were
signs % purchases for ,he lorg ac-
count.
No particular significance attached 70
any special price movement. but q very
fsir average Of gains was made
throughout the list. Transactions were
on the most active scale in the frst
hour. but the dulness OF prices on adj
rances did not lead e. any weakening.
A helpful factor was he violent break
IN wheat, which declined bptweeu . and
y cents a bushel. although il recovered
more thsn half lie .oss before th. close.
Al the extreme OF the days decline
wheat vas of fully 90 cents a hushel
from the recent maximum. Presumably
;he effort Of the Allies to force the Oar
danelles was most effective n tho break
In grain, but whatever the causes the
weaker prices OF cereals he'oken a
moderate iesseninr OF su around
economic strain
II would he easy 20 read into me
securities ms rk-t OF he day more mean
ing than would ne justified Rcasou,nc
along moro or les ,ecnnicu' lines will
probably suffice to explain the move
iueut Of quoted v.iuee for some time 20
come eScept where spmc ENmle'skahle
response * made to happenings in tho
way. which J., the controlling influence
IN present business and fuaur.gl reck
oning. The engagement OF 2.@5n. car
more gold At ottawa for Shipment "a
this city was certainly not detrimental
20 positions IN securities. even though
The shifting OF gold IL not going 10 10
the In which International tnar-
cisl problems arising from the war are
10 be solved. sterling exchange held
rather well above $50 for demand. bI,
German and Italian rem!ttanc. reach.d
new low quotations.
An annual report which was refresh
.uglr good Ia contrast With the prevail
fHs tenor Of corporate statements wa'
published by the Studeballer Corpora
ton. Returns OF :ailroId earnings for
January included tho Union Pacific ey.
hibli. showing Il gross decrease OF s5l5.-
00o and a not decreas. % S2lS 600, and
the Southern RAILWAY statement show
ing = gross ,oss OF more -Nan 81, 600
900. which vas reduced 10 n 'oss q
about one-third Of that amount IN net
OF railroad operations r. nav l-' sad
however. that an '-rcr"asl0giv So isfac-
toy control over expenses e. heinz
est. 1r-hed.