davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
FINANCIAL RECORD
HERE And ABROAD
Trading Slack in Narrow
List-Bank Surplus Up
Gold Imports.

oOfN '''s
Securltie. yesterday made trihing
changes on small amount OF
business. Early IN the session the
market seemed rather soft, but there
was no pressure Of selling and brokers
who had buying orders 20 execute re-
ported stock rather scarce. Report
from Washington that Germany's re
NV bod a. last been received and that
L did not adequately answer our pIo.
test had little influence. Iradets VIZ
content TO Wai' until more DEFINITE
understanding could be had Oh no" ous
international position "ou'u pe
affected
Publication Of further warning 20
American vessels In the war zone 10
make every effort TO indicate thelr
nationality seemed 20 show that there
was 10 be no relaxing of Germany :
stteD,pts 70 blockade Great Britain
Win, her submarines This was now
ovor in line with that country's an
nour'cement that il would endeavor 10
rrotect neutral shipping. Onoihcla!
forecasts Of the contents Of Germany $
long looked for reply excited llttie az
tcr-ion. Il was accepted that the 'one
81 .b,s ,nessaq, would be friendly but
ma there would be no recession from
tho claim Of right 10 attack without
warning merchant vessels carrying
messenger. So discussion conferred IN
the attitude which our authorities
would take in regard 10 an evasive
commur cation.
The market yesterday. however. was
content TO wait without rejecting
opinion on this situation or on ony
news developments. There was some
little activity in marlborough Metro
politan shares following decision by
the Public Service Commission OF this
district that the consolidation plan
was legal. but net changes we're
small Baldwin Locomotive lost part
Of tho gain o. the day before. Union
Pacific toward the close improved
fraction. Steel closed trlfie higher.
The active list was unusually narrow,
& number Of speculative favorites fail
ing to appear all day &C..
Clearing House figures of conditions
al beginning Of business yesterday
morning showed an increase of $751;
100000 IN loars, representing end OF
month financing, with heavier ex-
DanslOn or deposit NaDlHues. NeSei'e
holdings were swollen by gold imports,
so as more than 20 meet the additional
requirements, and surplus went $1,000
COO higher, to over $1s3,0O0,000. This
immense excess Of funds is, of course,
by no means evenly divided among
Clearing House institutions. Yester-
days figures showed national banks
holding nearly Sl57,000,0O0 Of the
total, state banks under $4,000, 600
and trust companies less than
$1,000, 900.
In Lonio though frmer tendency
In discounts was reported. securities
were quiet. though traders were
encouraged by favorable news from the
battlefelds. American securities in the
British capital sagged little in quiet
trading. Receipt here of over So
100000 more gold from Canada added
little 10 the frmness of sterling ex-
change.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
CURB MARKET
TRANSACTIONS
Irregular Fractional Changes IN
Quiet SessiOn-Oils Dull
Industrials Weak.

Trading was quiet throughout yes
tcrday's Curb session, and price
changes ct the close generally con
sisted Of irregular fractions. Dealings
in the petroleum group were unusually
small. Losses Of half point eaon
we're made By National Transit ana
Prairie Pipe Line, and Ohio OH yielded
point.
Railroad Issues were fairly active,
with Interboroueh Consolidated com
mon and Wabash preferred "B' each
declining a fraction. The industrial
list as a whole was weak and dull with
American Zinc, Car, Light and'Powerr
and international Motors showing small
declines. World Film was bit higher.
The trend of the mining group was
irregular on a fair amount OF business n; IS.
Western Pacific 80 yielded 2 and Chiil
Copper Is half point.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
Pacific Light and Power.
RAILROAD EARNINGS.

Gross earnings Of the United States
railroads making weekly returns to
"Dun's Review continue IN moderate
volume, the total Of roads reporting for
three weeks in May amounting TO wv
Ts2. 1888. a decrease Of 8.3 per cent, as
compared with the corresponding pc
Rod a year ago. In The Southwest ana
West there are now only few roads
that make smaller returns than last
wear. and in almost every instance the
loss is very small. In the South. how
ever, while several important systems
how gain. there is still substantial
contraction on a number Of other lead
ing lines.
Following are given gross earnings.
United States roads reporting TO date
for three weeks IN April, and loss as
compared with earnings Of the same
roads for the corresponding period a
year ago; also for roads that reported
for the same weeks in the two preced-
ing months, together with the percent
ages Of loss compared with last year:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
NEWS FROM FRONT
PLEASES LONDON
British and Foreign Bonds Firm
Oil Shares and Kaffirs
Good Features.

London, May 29.-The stock msrksa
today had a more cheerful tone, he
news from the front being considered
encouraging. Home and foreign bond,
were firm and Kafirs were good feat
ures on Cape buying. Oil shares we,s
firm.
American securities vers dull
Prices declined fractionally IN IA.
short session. but closed steady.
Consols closed unchanged at ssA.
Money and discount rates were quiet
Money loaned az II 20 ~ per cent.
Discount rates for short bills were 2S
20 pa per cent; for three months,
213-l6 TO 27s. The Bank Of England
sold s200,00O in bar gold.
Paris. May 26.-Trsding was quiet
on the Bourse to-day. Three per cen.
rentes, 70 francs 80 confines FOR cssh.
Exchange on London, % francs ~
confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
Bank Clearings.

Clearings through the banks continue
TO provide evidence Of an improving
tendency in general business condi-
tions, the total this week at the leading
cities in the United States. according
10 "Dun's Review" amounting to 81
647. 429 .545, an increase OF "A per cent
over the 81 ,535 .2l0,904 Of the same week
last year New York City reports a
gain OF IL per cent. The cities outside
made loss Of 2 per cent.
In part. the somewhat less favorable
returns than few weeks ago can be
accounted for by the unreasonable
weather, while the disposition 20 await
developments in the diplomatic ques-
tions now being carried on between this
country and Europe is also a restrictive
factor
Average daily bank clearings for ;he
year a:e given below for three years:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
PUBLIC UTILITY NOTES
General News and Earnings Of
Various Corporations.

The amalgama,ed balance sheet Of
the J. G.. White Companies for the year
ended December 81. 1914, shows cash
balance Of $500 .5GS and bills and &C
counts receivable amounting 20 SOLO,
500 Total debts o. the companies as
Of December 81 totalled S629.6O2, eX-
elusive Of dividends on the preferred
stock declared. which have since then
been paid Because Of the writing
down O. security values TO correspond
10 current quotations at the close OF
the year. or their values as determined
by special committees OF directors, and
also partly due TO dividends PAID dur,
ing 1914. the combined surplus showed
a decrease Of more than 100000 as
compared with the year before.
Colorado Power.
The income account Of the Colorado
Power Company, as reported by Will
lam ?. Bonbright Co., shows an IN
crease Of over per cent. in gross
earnings for April and gain OF 81
per cent IN net revenues. In the
twelve months ended with April, the
company earned S778,539 in gross,
growth OF So per cent. and net earn
inRs were s497 ,6Sl, ar increase OF more
than 6 per cent over the preceding
year.
Pacific Light and Power.
Statement Of earnings Of the Pacific
Light and Power Company, as officially
reported, gives an increase OF II per
cent in gross operating revenues,
which amounted TO s231,339 for the
month Of April, and net income OF
s102, 5O3, a gain Of nearly % per cent
The balance. after interest charges
amounting to SlO7,sl2, was S55.6Ol
against s88.963 in April Of last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30

The market on the Consolidated Ex-
change yesterday was inclined to sag in
the early dealings, but the tone i'm
proved toward the close. Traders, how
ever, were not disposed to engage in
new commitments. United States Steel
at it's best reached 54ls. Readings low
est was 1919
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
STOCK EXCHANGE FOR THE WEEh

Following the usual table giving the number OF ", miro, o, tn.
n highest lowest ann "'
the OF and the high ana 10" p
whit e andI ow o 1915
he 1O9ZOO wee"
agans 379,lOD IN 'l
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
MINING.
Monthly Railroad Earnings.
The following railroad reports 70
April were made public Yesterday:

Erie Rsilroad-Gross sjole2Os. increase siis
81, uet after taxes ss3l.O55. decrease $4,000
New York. Susquehanna a Western llnci lding
wilkes Barre 4 Easterni Gross S36S.5il. increase
S3T.>l0. net after taxes Sl3f3i5 Increase $50 0sf
Central Railroad ~ New Jersey-GroSs s. ig3.lsS.
Increase Sl5l 30. net after taxes s.2le.67o. In
crease S2l6.4il.
Delaware. Iackawanna & Western-Gross 81. -
1925. Increase $l63.650. net after taxes 81.
3l0.ili. increase S219 i69
Canadian Pacihc-Gross 81 t55 $50. decrease 81
20 o0-. net after tnes 26S5 T55. decrease soiI.-
10
Georgia southern n Florida eros, sl'S.2,l.
decrease >.--SJ. net after taxes s-5.l2i, Increase
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
INACTIVE YESTERDAY.
INDUSTRIALS.

RID. Ask BID. Ask.
.,r, " p n KSTnw "A pf.ll5 l35
~ r ord 15i. Is l. V Coal S .l6c 10
pic BIC Boat. 3 50 Man Transit. g. -
.rr, II NJ p McCrory SITS. 81 "a
SO nref 81. .Pyrene Mfg. ~ let.
,rnt Mot n IS IS Rik & II Cor 81. s7s
In, Rubber. u 'Tob Prod: .! o.
Kelly sp TIPS 100 I c NV pr IN rs
do n 1st pf s. a ~ G OF A. s7is 90
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30

INACTIVE STOCKS.

The following table gives the closing
bid and asked prices for stocks which
are listed but which were not dealt In
on the Stock Exchange Saturday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
pOvD Sales on THE STOCK EXCHANGE
SATURDAY. MAY %. 1915.

York Stock Exchange Saturday amounted to
5000 oo against s16ssOOO Friday holiday
AGO Total January j9OOO against S323i7OOO 1914
MUNICIPAL. Sales
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
BRIEF WALL STREET NEWS

New branch Offices have been opened
by the following Stock Exchange
houses: Finley Darrell & Co.. at
Omaha. Neb.; Gray & Wilmerding, at
Newport, r. l.; Richardson. Norton &
Co. at southampton, Long Island;
Halle & Stiegltz, at Atlantic City;
Harris, Winthrop d Co., at Newport,
K. l.; Moyse d Holmes. at Memphis.
Tenn, and Houston, Tex. Renskorf.
Lyon q Co., at Long Beach, Long
Island, and Syracuse. y. Y; 4. O.
Slaughter & Co., at Chicago. Springs
& Co, at 1866 Broadway, this city.
and Fcuchtwanger. Calm e. Co., at
West End, y. }. Hayden. Stone a. Co.
have discontinued their branch Office
at Detroit.
The Stock Exchange firm Of Moves
& Jackson announces the retirement
OF Washington G.. Sturges as mart
ncr and the admission of Solomon
Sturges and Louis j. Weigle. James
+. Mostyn has been admitted 10 the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
NEW YORK STOCK EXCHANGE
SATURDAY. MAY %, 1915.

Total sales Of stocks Saturday against $4,000 FRIDAY '
oel AGO. holiday year ago to date ''S'O against
q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
GOVERNMENT RONDS

firm Of r. j. Kimball & Co. and Harold
Tobey and Allen Tobey have become
partners IN the firm OF Tobey & Kirk
The following new addresses have
been announced; Alfred Willstatter.
at Jerome }. Danzig & Co.. 100 Broad-
way; Mackay Co, II Wall Street.
and Washington G. Sturges. at Noyes
and Jackson Streets. Chicago.
On Thursday, June 3. tho appiica-
ton OF Theodore ". Cramp will be
considered for reinstatement by the
committee on admissions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
DAILY IMPORTS AND EXPORTS.

Daily imports and exports Of general
merchandise at the Port of New York
we're:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
BONDS.

s. 90 .chile Copper 7sll3i: 1871 1851 49,
"a 000 " rae IS fiat. 2ai. 2sl2 3 IS
.r'rl,s,4d .sels cents per share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30

Daily sales Of stocks and bonds on M
Stock Exchange during the last "eeA'
With yearly comparlsons:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
NEW YORK CITY BONDS.
LAST WEEKS TRANSACTIONS.

.ln,.reh.ns..bls registered or couPoa. fo''''>
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
RAILROADS.
BONDS.

scalnv G.. $50 200
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-30
ON THE CONSOLIDATED.

ENLISTED. .seln cents per share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
Coats and Suits.

ATlANTA- Olsen Go, Il Olsen. Is = 2sth st.
tHitAGo-Mandel Bros. Miss Solomon. coats: Il
clICAGO-1le Boston Store. Miss Feldman. ~ L
Cincinnati 4 Co: stir and Z Paddock.
DALLAS. Neinsu. Marcus Co. Al Neimsn. Is +
KANSAS Clrl-Kllne Cloak Co. Mr. CLARK; 95
LoUIsyIiLE-Ro Robinson. Norton Co: Vein
M0BnE-,L .Hsmnel D O Co. J Hsmmsl. II "
san FRAS ,c 500 Mor.u Co: Mr..
Fals ~ 5,h N llih floor
san FlANCIsCO-The Emporium: Miss Mauzy
san XSToNio@Ei@Emii Blum: 10 22d st. 10th
ST LoUIs1,nico. Stir Co. r. Cans aud Cohen.
Buffalo William Hengerer Co; Miss Dean: Is
CHICAGO RothsehiId & Co. Miss seidcnbers
EyANsymLE-Andres Co. Miss b schcrer; 1870
LOUISVILLE Robinson. Norton & Co. Vein
san, fRANcisco- o'connor. Mor,tt Co: Mis-
Falls: ia 9th ~ IAN floor.
Dresses.
CINcTNNATI-s & Co: stir and Paddock.
DALLAS Nclmsn. Marcus Co: Al Neimsn: 10 z
KANSAS CITY-Kline Cloak CO.. sIr Clark; oJ
Falls; ~ jth ay ian noor.
ST LOUlS-Kice. StiI Go. T. II Cams and J
Cohen. fall. 81 Bwsy
Skirts.
CHICAGO Mandel Bros. Miss Solomon; II Z 22d
CINCINNATI Stir & Co: suI and Paddock.
ST Lofts Rice. Stir Co. E r Cans and Cohen.
Millinery.
uEyELAND-The Bailey Co; MashecE. trimmed
PITTSBJRGH-K solomon 4 Co. Mr Israel. ZIG
w 52d ST.. 18th floor
musln Underwear and Infants Wear.
CIIICAGO-Sege!. Cooper CO: Miss Carey. muslin
LyANsvnLE- ADDE'S & Coz Miss scherer: 1870
NORFOLK Miller. Rhoad, & schvsr + II Young.
jobs muslin underwear. 1870 Bwsy. tth hoor
csrsets.
CLEyELANn-The May Co. Miss f Kenny: 81 W
18th Il, Sth floor
EyANsylLLE-Andres & Co. Miss b scherer. 1870
B"ay. ith door
Miscellaneous.
BUFFALO-H A Medium Co; Cronin. silks 1.
10 VI I'd st. 18th floor.
CiIICAGO-MaDhaI Field & Co: Miss Palmer loi
CHICAGO-seau. Ro,bucs & Co: C Cromwell
furnishing goods: IS Bwsy.
CHICAGO l. Klein Inc: Mr Mccarthy. silks and
dress goods. 81 Union 81. ID floor.
white goods. no ". 3.d i, 18Th Moor.
CIltAGO-Rothschiid Il co, Lcbolt. Jo9elry.
sii1ersare aud cutlery. 2l5 an sV.
tHltA6O-Carsou. Prize. scott * Co: W Hall.
silks and YelTCis rs Worth st.
ENANSNULE-Audres Co. Miss Is Scherer. ready
t3,w yea, merchandise. 1870 Bway. 4th floor
COLI MBt S-Moorchouse Martens Co. I Springer.
d0mrstics 1870 BWsy. Atm floor
ST LOj lS-Rice- StiI Co. W Addison. white goods
q Baker. remnants. ID Putnam hosiery. 81
Bway.
san ANToNIo-Ioqk. Bros Co: K HUI. house.
furnishings. crockeiy and glassware. lis 25d
WASHINGTON-The Palsis Royal; II Roberts.
silks. ye.Yets: IS W sd 30.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
.S3O7,OOO,OOO EXPORT
GAIN in 8 MONTHS
Total Now $1,Il5,060, 76S--lm'
ports Fall OFF Sl10,000,000
in the Same Period.
From Tho Tribune Bureau

Washington, March Sl.--The total
exports for the eight months cnded
February % were ,ll5,060,76S, or APP
rroximately 1907. 100000 greater than
for the corresponding period last year
During the seven months ended WIN
February, l59,I3S horses, valued at
$50 .330.iS3. were exported to Europe
most Of them being consigned to the
Allies. Greece purchased 24t' NaiueG
at sci $50. Italy bought 5,7lS, valued
at Sl.4l6,S20.
While the exports showed large
gain-most of it foodstufts and ofeau,
stufTs there was a loss IN imports OF
approximately Sl10,000,OOO for lhe
eight months ended February this year.
as compared with the same period last
year. The principal import decreases
were in the trade with Germany, when
showed a falling off of approximately
S52 100000 and with France, whlch
showed loss Of approximately S4V'-
00O. 900.
There was also loss in our I'M
mort trade with Great Britain, Russia
in Europe, Belgium. Spain and itaiy'
These losses we're, however, offset by
gains in the import trade with other
Countries of Europe. During the SIX
months ended January this year inc
total imports of coal tar colors or
dives amounted to 2,57S,573; Of m
diro. natural or synthetic, S6lo'o'4,
and Of alizarin and alizarin coiors OF
dives. $3.50, 500.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
SAYS SPECULATION
BRINGS OWN CURE
National City Bank Hits at Too
Much interference by
Government.

Calling attention 70 the present day
impulse to resort to governmental reg
ulation for relief from every seemingly
unsatisfactory condition, the National
City Bank in its April circular devotes
a large part of the issue to the causes
leading up 20 the recent advance in
wheat and the natural penalties for
manipulation.
at is true" says the banks letter,
chat markets are more or less subject
TO manipulation. and that there is mucn
uniformed and mischievous specula-
ton. but it is also true that there are
verv severe natural penalties for It.
Such a wheat market as has prevailed
since the outbreak of the war IS ex-
traordinary. but the risks OF specula-
ton in such n market are fully com
mensurate TO the possibilities OF proht.
an nearly all such seeming emer-
pencies, If all the conditions are open
and the entire public is free TO act IN
its own judgment, it is prOverbial that
relief comes by a multitude OF ways
unseen and unsupported. All the nor
NAL and persistent forces are opposed
TO the artificial and the temporary ones
and are sure 70 overcome them shortly
if they can work without interference.
But il the opinions and authority OF
government officials are interjected as
an arbitrary factor in such a situation
greater confusion is almost certain TO
result"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
Timely News. of the Merchandise World

serves the purpose Of his homo. Why
do in this city what you would not do
elsewhere3
Don't talk business TO buyer
when he is in his Office having his mind
diverted upon some other matter, rs
your talk is useless and you lose the
respect Of the buyer.
Don't invite buyer whom you
hardly know 20 join you for an even
ing's pleasure. lie knows you are dong
it from a commercial standpoint and
you open yourself TO criticism.
Don't try TO get the best OF your
firm: play the game square with IT,
as you would be the first one TO com
plain should the matter stand vice
versa.
Don't tell the buyer what he can
use. You don't know. The buyer does.
"Don't misrepresent your merchan-
disc If you do, it Is only a matter OF
time before you are found out, and
then you arc through with whomsoever
you fooled.
"Don't knock your brother salesman,
as By so doing you are harmlng your
self and possibly losing accounts.
Don't speak i'll of any buyer because
YOU don't sell him. Remember he cam
not buy every line in the market, and
some day might be able to do business
with you.
Don't overdraw your accounts with
your concern any more than the
amount you believe you can earn. You
will then be able TO hold your position.
Don't tell buyers what the large
houses are buying Of you, because the
buyer is only interested in his own
purchases, and also possibly doubts
YOUR statement"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
MONEY AND EXCHANGE.

FEDERAL RESERVE DISCOUNT hTE-Fot
paper ma.urln. Up 10 ninety days. per cent
CALI. MONEY opened =, ? per cent. highest pa
per cent: lowest = per cent ciosluE - per cent
renewal. per ctii.
TIME MONEY was finn. Rates. 2h@2& per
cent for sky and ninety days. 3GSis per cent for
four months "a 9o5s Per cent Tor h's ana 1'A
months
MERCANTILE PAPER was in good demand Rul-
Ing rates. 5d4 per cenf Tor best uAmes' bahA &C
crptan-es, "a 2=s yer cent.
CLEARING HOUSE EXCHANGES Exchanges.
$3.50 O6s $50. balances 3l7067 iey The Sub Treas
ur was creditor 70 The amount Of Sst.I5s.
Sur TREASI RY New York banks lost TO the
sub Treasury Sll50.oOg. and lost since Friday
ST. $4,000.
FEDERAL RESERVE DISCOUNT RATES ELSE
WIIEIlE Boston Tor SIXTY days pcr cent, .9f
sky to ninety days. ~. Phi. adelphis. and -
per cent. Cleveland and "a per cent Richmond
up ~ ninety days. ~ per cent. Atlanta. Tor shy
tay. a. Ter cent. Tor sIty 20 ninety DAYS. -
Cllcapo 4 and "a per cent. ST louis. hhd -
yer ceu.. Minneapolis. for thirty days, : per ceit I.
Kansas civ. ( and AZ per cent. Dallas. aud "a
Der cent. San Francisco. ana a. per cent.
DOMESTIC EXCHANGE Boston. par, 81. Louis.
par bid Zoe premium asked. Cincinnati iVc d,s +
count. Chicago. % premium san ff%Aci'eo '0e
premium
BANK CLEARINGS. Boston. exchanges S!s05s.-
t4s balances S10l3Ii Baltimore. exchanges ~ 80
g5T. balance. $6UN. OIL chicago exchanges NNl-l,-
g9s balances s..5eS.lo7. rhilade.phi. exchanges
t4sS75.ls,. balances S-.iaO.5es s. LOUIS ei
changes SllO9l.4sl. balances Sl7s1.t41
SILVER MARKET Bar silver ~ London was
esied an ounce, on III New York quotation was
a. 49,. al SflyaEce ~ lac Mexican silver do"sis'
Soa42c
FOREIGN EXCHANGE Tie sterling market vas
cute. and drm London. Gable. $50 10. demand.
1874 Paris. Cable 81. check. p 81 : bti .i
FlN Si1iy and ninety d4y buls-London: Bankers.
s.Aty days. 40 = ninety dAi., ttb's
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-01
R. |. STILL MYSTERY
Cause for Recent Rise in Stock
Remains Unsolved.

The mystery surrounding the recent
rise in Rock Island shares on the Stock
Exchange remained unsolved yesterday.
Denials were made from authoritative
sources that either the phelps-Dodgc or
the Reid-Moore interests were buying
the stock TO obtain control. and there
was no now evidence that the three
proxy committees were buying.
Renewed buying soon after the open
ing put the stock up as high as 36h
compared with Tuesdays closing price
OF 3l"S, but on heavy realizing sales in
the afternoon the bears drove the price
down to S2is when the gong rang at 3
O'Clock, p net advance Of only IL
points. What led Wall Street TO be-
lieve that the rise in the stock was not
due entirely TO speculation was the
strength shown in the bonds. The
debenture 5s were dealt IN to par
value Of S7500QN, showing "A gain of
points, and the rcfunding As were also
heavily dealt in at an advance.
The Phclps-Dodge interests are will
ing TO participate in reorganization
plan which will provide for an assess
ment on the stock of the Rock Island
company, il 8 understood, If the
directors elected at the annual meeting
of the operating company meet with
their approval. 1t was said in addi-
tiou to money that may be derived from
this source the stockholders of the rail
way company Will also have to stand an
assessment.