The Washington times., 1915-03-17
NEW YORK MARKET
IS EXTREMELY DULL
Strength Is Centered in the In
dustriaIs and SpeciaIties.
Rail Prices Unchanged.

NEW YORK. March l7.--The strength
of the stock market TODAY was centered
in the industrials and specialtfes. Price
levels for the rails were practically un-
changed. but in the few instances In
which new figures were established the
trend was fractionally upward. The
market was. AS during the late trading
yesterday. extremely dull.
Reading. to the weakness in which
yesterdays reaction was attributed, was
steadier during the morning. and re-
corded a small advance. Union Pacific
and' the Erie stocks also showed small
gains.
Mexican Petroleum made another of
its exceptional advances, jumping two
ane on-half points to 69k.
Bethlehem Steel was very strong and
sold up full point to bsns, establishing
common also registered fractional ad
vance.
While General Motors was firm, the
other motor stocks sold off
street yesterday that Chandler & Co,
Inc. an Investment concern connected
With the Stock Exchange house of
chandler Brothers e. Co, was forming
9, per cent nine months notes OF the
German government. The proceeds, 1t
was stated. would be used for the pur-
chase Of supplies in this country, and
rumor had II that these supplies would
not be munitions of war.
Directors of the Steel CORPORATION
yesterday revised the bylaws SO as to
permit the reduction of their number
from twenty-four to eighteen. The
figure through the resignation Of
Thomas Murray. who is assistant secre-
tary OF the corporation. Five vacancies
already existed due to deaths and resig-
nations in the last two years.
Mr.. Murray was elected TO MI tenn
porarily the place made vacant by the
death of J.. Pierpont Morgan. Il was
stated at the time he assumed Office
the election of a permanent director
The corporations desire to limit the
number Of directors to a more wicldy
BODY caused change OF plan
The meeting yesterday considered tn
report for 1914, which will be issued he
tore the end of the week. majority
OF the directors were present.
While cotton shipments during Feb
rusry were Almost twice those OF Feb
ruary Of last year. the shipments for
! the seven months ended February .
| fell l.759. 725 bales short OF the supply
| sent abroad during the same period
year ago.
The operation Of steam railroads ir
| the United states in the three months
| Of July. August, and September last
| cost c,IiS lives, or at tho rate of nearly
| ll,oo0 year. There wcrc In addition
' 4i,2l5 persons injured. These flgure
= show q pronounced Improvement in th'
casualty record of railroads in tha
| period as compared with records of 1919
There we're oS5 collisions and %
| dersilments In this period. of whi.l
ments affected passenger trains. Tn,
damage to cars. engines, and roadwa,
caused by these accidents including
I tho cost OF clearing wrecks, amountc,
to Sc.3i@,5ll. These figures show in
creases compared with figures reportcc
for the preceding quarter. but show ;
decrease OF 539 In the number Of col
lisions and a decrease Of 80 in dc
raillnents reported for tho same quartz
| Of the previous year.
Defective roadway and equipment to
gether caused over Il per cent of al
/ the deraHments reported