New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-15
Railroads Rise as Front
Taking Checks the War
Stocks Advance.
DEALINGS IN OVER
A MILLION SHARES
Heavy Trading at the Start
Mondays Uprush Carried Fur
Their for a While.

Tho excited rise with which the week
began was continued in yesterday s
carly dealings, and though trading
slackened and there was good deal
Of profit taking in the afternoon the
davis total was enlarged TO well above
q million shares and prices were higher
at the close. War order industr'ais
held the centre Of the stage IN the lore-
noon. with new favorites brought Tor
ward as those Of Monday began to hes
itatc The railroads we're advanced IN
the middle Of the day and held most
Of their Improvement to the end Of the
session. Copper stocks we're heavy
q number OF the more prominent ehu-
ing fractionally lower.
Dealings around the opening were on
a very large scale and for WINE
rro6t taking was absorbed with NIUE
anparcnt eject on the upward trend OF
nrices More than 100000 shares
changed hands in the first half hour
and over 100000 from 10 20 II O'Clock
Nuuition and automobile stocks. which
tero conspicuous in Monday rise
were prominent in the carly dealings
Rotbclem Steel opened at $50. more
tbau ~ points above the close of the
NIGHT before. but little business was
done in the stock.
Al tbeir best gains Of 9 points or more
we're common among the active indus
trial. From the low prices OF the week
before favored issues were up ~ 10
T. poiuts. Such advances ~ market
still largely professional invited prom
taking. and a good part of the carly
cain was lost IN the afternoon. united
States steel. which had risen more than
"a poiut TO nearly 81. held good frac-
ton Of its improvement TO the close
. Westinghouse on large dealings. con
nnued 20 advance i'm the late trading
and closed not much below MS BEST
more than g points higher.
The rise I'M the railroads was led by
Reading. which went up more than 3
points. closing a point under rs hlgh ,
est Again reports Of good buying and
ar impending melon we're current. Inc
railroad list held firm IN the afternoon
irrccularity. Union Pacific. New ork
. oNIfdI. Uc~dptdhf q Oiilp' - ~
Haven. Great Northern and Northern
Pacific all did we'll.
There vas not any news from with
out the market. like the Mexican devel-
opmcuts OF Monday. that could be used
20 Justify the advance. Absence of any
u1favorable developments from the
many fields in which traders looked for
possible trouble helped. No furthe:
objection came 20 our expedition into
. Mexico. German assaults against Ner-
dun were reported driven back. The
sinking of the Silius, which had en-
lanCered lives of Americans in the
crew, did not appear clearly TO have
been caused BY submarine. and Ii
was reported that Germany was pre-
rdred 70 disavow any such attack. should
one bc shown TO have been made.
There was no hardening Of money
with the greater activity in acurities.
Little was done IN time accommoda-
tion and rates were practically un-
changed. Gail loans were renewed at
"a per cent for the first time since
week before last. Sterling exchange
was STEADY. while marks went TO a now
loan AT Il =, cents for four marks.
French exchange was under consider
able pressure, Paris checks getting
down 10 5.94i2 francs for dollar. At
the first Of next month the $4,000, 900
of one-year notes issued here by the
French government fan due. and fail
ure 10 announce the expected French
oan 90 refund these obligations and
furnish further credits caused more or
less selling of francs.