The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-16
FINANCIAL NEWS
AND COMMENT
stocks Dull but Firm. With
Active Strength in
Specialties.
MORE GOLD rs COMING

Dealings In stocks contracted materi-
ally yesterday and the most significant
feature OF the market was its dulness
combined with the firmness which prices
displayed generally. Such aggressive
strength as was noted was limited TO
specialties, which in the wall street
sense IL a term applied to stocks that
have not yet become standardized by
years of test In speculative and Invest
ment transactions. II Is not. however.
a term d~erogatory Of the merits OF the
issues IN question. and although Wall
street does not usually care for markets
where the movement Is largely confined
to specialtles 1t Is at the present tint
elad 70 recognize that In certain dlrec-
tons earnings from good business are
making "A bright spot IN the general
financial and Industrial situation
Bonds were rather dull and irregular.
without much pressure. The lack OF
pressure was particularly noticeable In
the stock market. but there was also
wanting any manifest disposition to
push constructive efforts.
News OF marketwlse bearing was
sufficiently mixed to account for the
quietness OF the Stock Exchange. The
financial community Is not SO much con-
cerned with debating the aspects Of bel
l~igerent developments abroad from the
standpoint OF international Jaw as e IL
with their immediate economic effect.
II might be surmised. therefore. tina no
very clear opinion prevailed as to what
will be the outcome Of Cermany's sub
marine raids in tina so-called war zone
or the novel blockade plan Of the Allies.
the publication Of which was the signal
opening event OF the new financial week.
Certainly there was no inclination to
take alarm on account OF these thirgs.
even though disturbing diplomatic con-
troversics may be impending. while
ocean borne may suffer more
Interference than 1t has So far susl ned.
Neither was there any obvious tendency
to anticipate occurrences n the VAR
which might be favorably reflected later
on There was plenty of theoretical
speculation about the entrance Of Italy
and other countries into the war and
the result of tho operations N the BAR
danelles. hut the stock market sug
eested plainly enough that financial SEN
timent might be awaiting something de-
cisive. Mexican matters looked clearly
better over the week end. but Mexico
has not been much OF a factor in COM
parison with the Har IN Europe.
Exports OF almost S4l.u0O, 900 from
the port OF New York last week. the
largest for any wees OF 'he year 30
far. showed Shat foreign trade was not
being unsettled In advance OF adverse
occurrences. Neither did the agrlcul-
tural commodity markets testify 10 ap-
prchensions regarding the new forms
% maritime warfare. Cotton closed AZ
au advance and wheat and other grains
were strong.
Announcements NJ further engage
ments OF gold were included IN the
hu,lget OF favorable Information. Thes,
-rgAgemeuts covered s3.loo. 900 from
'-.4i, and 100000 from CHINA, max
ny a total Of $50. 200. geo for the year
su far. less $4,000. 900 carmarked for
the Bank of France. Foreign exchange
did not exhibit asy marked effect of bel
lir-rent DEVELOPMENTS. although an up
ward trend IN sterling toward the close
suggested that tn. Bank OF EnglRnd's
EFFORTS 20 assert some control Of the
London money market. whore discounts
wore reported higher. might he hay
inc a result IN exchange.
Reports we're iu circulation aoout
negotiations for foreign loans here. ..d
80 these reports BrtZli vas mention "l
as a new customer for u uauN.'~