The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-29
FINANCIAL NEWS
And COMMENT
Various Industrial Stocks Dis.
play Rising Strength
Rails Rather Heavy.
TRADING PROFESSIONAL

without any change in the tenor and
import Of advices bearing on foreign
AFFAIRS, and without any fresh adver-
tisement Of business and financial fac
tors, domestic or foreign. relating favor
ably to values, except the increased
, emphasis laid by recent events on the
unimpaired excellence Of the Investment
situation, the stock market yesterday
made some display Of aggressive strength.
Indeed the foreign new was. II any
thing. presented in more disturbing
guise. but in spite Of the implicit dis
enlargement offered to constructive
operations traders directed their efforts
to experiments on tho long side. These
attempts met with some success. al
though the rising tendencies OF the fore
noon did not persist.
Dealings In the afternoon were less
active than in the morning. and the
! course Of prices became somewhat ir-
regular. with IA few descriptions turning
heavy. distinct weakness developing in
Mercantile Marine preferred, q circum-
stance attributable perhaps to the pos.
eobility that settlement Of the COM
pany's affairs would drag slowly through
processes OF litigation. Leadership in
the rising movement which was inaugu-
rated was asserted by a miscellaneous
variety OF industrial shares. covering
representatives OF the principal groups
into which the list has become more or
less clearly divided.
President Wileon's letter to the ma
jority leader Of the House OF Repre-.
sentatives. with reference 10 the urgency
Of legislative diligence. alluded to thu
projected inquiry into the workings o.
railroad regulation in terms which coult
be described a. promising q conjec
turally favorable policy OF fair treat
ment for the carriers, but railroat
stocks made no reflection OF II. wabasl
issues were strong. but rails as a Who'll,
were at lenst specifically heavy. per
haps because the current labor con;ro
versy exercises immediate influence
There was enough trading to proven
The market from being designated a
dull, but most OF The transactions wer
OF an obvious professional nature. Dec
la ration Of the regular Anaconda cop
per dividend wa followed by IA mod
crate gain in the price OF the shares
The dividend action taken had been gen
orally expected and the markets &c
Spouse to II was perhaps not altoge,he
anomalous, since the usual sequel o
dividend increases lately has been stoc
market dco,iHe.
Presumably the failure ~ the Stoc
Exchange TO suggest any cause 70
alarm. either in the Mexican situate
or in the more consequential matters u
foreign politics involved In the issue
,uised By Germany's submarine wal
fare. was the real commentary OF III
financial community on the interna
tional problem, with which Wasliingto
is struggling. Ten months OF successiy
- crises heralded as such by alarm!st de:
. patches from Washington have NJ
doubtedly made Wall street scepiical q
any outcome o. the present diflcultic
which would diner them from their pr
decessors.
In the foreign exchange the princip'
forms Of remittance were fifmer a
around. Rumor had il that the lor
awaited French loan vas about 10 |
announced and tina. il would be secure
by collateral which would include oth'
than American securities.