New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-26
FINANCIAL RECORD
HERE AND ABROAD
Investment Issues Dull
Prices Sag Lower in
Quiet Session.

There was little IN tho course OF
Mondays market or in overnight news
developments 70 stimulate trading in
securities, and yesterdays market was
almost Hfeless. Standard investment
issues were quiet, in many instances
not appearing at All in the days deal
incs or represented by single tran'ac-
tions Attempts AT speculative activ-
.tv met with little encourageuent.
The days turnover. little over 25O.ooo
shares. was less than half that Of the
day before. and bonds outside Of a few
speculative issues were also extreme
dull on the exchange and over Inc
counter.
Such trend Of prices as developed
was toward lower levels Ran roads
declined a fraction, while some OF the
way stocks lost one or two points.
Cruc;b,e Steel which in activity was
second 20 United States steel, dropped
back more than . points. Early IN the
cay there was considerable movement
IN Rcruhnc Iron and steel common
and preferred. Accompanying the ad-
vance was "a rumor that dividends we're
60 be- resumed on the preferred. hui
WHOM no such action was taken prices
went back for more than the previous
advance.
stock Of the Rock Island Railway
and tho tcheuturc 5s fell to new low
record. i'm thc afternoon in spite OF
rsrorts that June interest payments
would probably be met. Colorado + ueI
and l-on lost a good proportion OF It's
Improvement of the day before. s.
sourl Pacific continued firm. United
States Steel ended the day sub
startial fraction lover.
40 ordinary news seemed Of market
moment. April railroad earnings were
.grorcd The Southern Railway mado
.ts first gain ~ net since the war
Atchi son. as in March, prepared ior us
coming requirements, and carried none
of its increase in gross into net, WINE
Baltimore & Ohio turned another loss
ln gross into net gain.
Preliminary foreign trade statistics
for last week showed our favorable
balance ON current account grow ng
continually greater. Exports, OUTSIDE
of this city. fell of. but TINS was on
set by a reduction of imports and the
excess Of shipments was nearly Sl",-
100000 A. the present rate, May
which ordinarily adds little 70 our
favorable trade balance. should give
MS an EXPORT excess Of around S9o.oOO'-
600. against not quite Sl33.OOO.OOO IN
APRIL and nearly S140,000,000 in March.
For the ten months of the present
fscal year the favorable balance has
been over SS50.O00.O0O. and should no
unforeseen interruption occur the bill
ion excess predicted seems assured.
In the face Of this great movemen:
Of goods in cur favor exchange on
London and Paris was held steady yes
tcrdav. Private credits granted here
and release Of gold are for the time
balancing accounts. In addition 10 I'M
ports Of gold announced last week, II
is learned that bankers have brought
in further millions that they have kept
in their own vaults. Such engagements
appear 20 be purely exchange transac-
tons. In spite Of rumors 20 the con
trary. IL is understood that The Bank
Of ENGLAND still gives up gold IN OF
tawa on payment in London OF price
that would equal the cost Of shipment
and insurance across the Atlantic.