The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-10
FINANCIAL NEWS
AND COMMENT
Trading in stocks Expands
and Market Hardens on
the Activity.
PRICES RULE HIGHER

Upward tendencies which have charac-
terixed the stock market this week were
exhibited in more pronounced fashion
yesterday. Dealings were more ami
mated. and although prices set back
substantially before the close. final fie-
ures showed a material average OF gain
for the day.
80 far rs concerned advices from the
fields which have offered the most dis
;urb.ng subjects OF consideration lately.
Wall Street proceeded TO act as though
the uncertainties arising from recent
event In the war and In Washington had
been disposed Of. assuming that they
were ever more than a factor Of re-
strain. against stock marke. reflection
Of the highly profitable expansion OF
General business during the winter plus
the prospect Of a prolonged maintenance
Of money making enterprise.
II would have been dificult under any
circumstance to take the declaration
Of war which brought Portugal def
n,tely into the European conflict as A
serious a~ggravation Of that gigantic
struggle. A more important test of
financial position and sentiment was
furnished by the reports OF the astound.
ing rat made BY Mexican bandits In
New Mexico with the resultant slaughter
Of several Of our soldiers and civilians,
Failure ~ this affair to produce any
obvious weakening Of the share list,
unless the las; hour recessions were
partly attributable 20 II. indicated the
improved conditions which now surround
quoted values.
An adverse influence over the railroad
department was undoubtedly eNerted b!
the approach Of he demands Of railroad
labor for an e!gh; hour day toward ths
stage OF but even In this re
spec, the financial community was in
cltned 10 take a hopeful attitude. The
solution Of labor rouhles in the MIN
fields IL believed to denote the possibility
Of settlement with the railroad union
without the menace Of an actual strike
and IN any case the countrywide dis
cusS.on which mus, take place ca'
ha rdiy fail TO bring out the necessity
~ relieving the carriers from some 81
the impressions which anlct them.
Trading in stocks was on a scale o'
Increased activity. Moreover. there ves
a broader range of interest. although IN
dealings continued 20 exhibit a prefer
ence for industrial shares. United State
Steel made an Influential. leader. ever
though it, advance vas more moderate
than the gains OF many OF the active
ssues Metal stocks Of al! description
were most in favor. bu; aggressive finn
ness was displayed by various war or
der -pecialties. presumably an "xpressi,'
Of the expectation that advantage VII
be taken OF the production which ha:
now been organised and IL proceeding
SO smoothly 20 place additions! contracts
which will sustain output. Front 'akint
was in liberal volume Throughout IN
day and the effect Of Il was manifest
IN the ~reactionary aspects or Inc las
hour. but the close was steady.
Attention was attracted to sign OF .
harder tone IN the money market. SOM
| thing OF the sort has been authoritative
predicted for some m Not much u
the way OF nrynness is looked FOR. NJ
+, would re surprising II money failcf
this spring 10 sasure III any va! M
x,d. expansion Of trade and industry
A. a result, Of some stifenine ir ~
money marke, banking interests migH
he able 20 get "A littk better contro! 0
the credit situation. which would ne n
together desirable. In foreign exchans'
there was "A continuation of ne weak
ness In marks. which is ~.n more I
lack OF buyers than 10 any pressure /"
German bills for sale.