New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-25
Dull Trading at the Close
After Uncertain and
Irregular Changes.
ANOTHER TENTATIVE
UPTURN IN RAILS
War Group Under Some Pressure
Copper Stocks Quiet
Francs Still Lower.

10 was another traders market yes
terday at about the same scale Of &C
tivity as on tho dav before. There
were few tentative attempts toward
moving up or depressing special issues
that did not make much progress. The
railroads improved for a while under
leadership Of Reading, though only part
Of the gain was held % the end Of the
day. Changes on tho day were irregu-
lar and generally Of fractions. Trad
ing at the close was unusually dull.
News from Mexico. where early dis
patches indicated that our troops had
at last caught up with Villa, was looked
for with interest, but little definite
news came during market hours. De
NAL Of revolt OF q Mexican leader
against Carranza did something toward
stiffeninC prices of the group Of stocks
particularly concerned with Mexican
affairs.
The munition group continued to
show soft spots, and for a time most
of last weeks favorites we're under
pressure. though part Of the losses
were made up before the end OF the
day. Lackawanna steel lost over
points on overnight news that diree-
tors had taken 10 action toward dis
tributing profits 90 stockholders. The
copper stocks were unusually quiet and
disposed 10 be heavy Inspiration max
ing practically no response 20 declara-
ton of an initial dividend at the rate
of IS q year The rise in the price Of
silver here and IN London was followed
!, t~,ft IN .
of producers Of that metal.
Dealings Of less than $4,000 shares
in United States Steel give an idea OF
the restricted nature Of the trading
This usual market leader was surpassed
in amount Of business transacted by
Crucible Steel, American Zinc, Mexican
Petroleum, Reading. Baldwin Locomo-
tive, Mercantile Marine preferred and
Nevada and Inspiration Copper.
Money for market purposes continued
fairly firm. Call loans, as on previous
days Of the week, were renewed at
per cent, and some small transactions
were put through toward the end OF
the afternoon at pa. Known currency
movements indicate another loss,
amounting TO around 100000 by local
banks. French exchange got down TO
a new low on the present decline, and
London checks in Paris rose above It's
highest Of last week.
In London reduction OF the interest
yield on short dated Treasury bills was
taken in some quarters TO be the fore
runner Of another formal government
loan. The fourth German national Dor
rowing, recently closed, was announced
as having reached total of over TO-
600.000000 marks. Subscription Of this
immense sum, about 1900, 100000 less
than was received in response 10 the
previous offering. indicates that the
German people are still willing to make
sacrifices 10 carry on the war.
In this country business reports AZ
the end Of the week continue 70 make
a most brilliant showing. Bank clear
ings give an increasing percentage Of
gain over those Of the corresponding
week of 1914. Apart from some delay
in spring operations because OF cold
weather, trade conditions are reported
remarkably favorable by the CONNER
cial agencies, with merchandise in
urgent request IN spite of the sustained
rise IN prices.