New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-11
Vigorous Mexican Policy
Benefits Some Stocks
General List Firm.
BIG TOTAL OF STEEL
ORDERS FALLS FLAT
Speculative lndustrialS Rise
Above Best of Day Before
Late Reaction.

More complete details received OF
The murderous raid of Mexican bandits
overshadowed yesterday international
difficulties further away. Still, the Sc
curity market in general was little
moved by the decision TO send punt
tive expedition south Of the RIO
Grande. Stocks Of concerns doing busi-
ness In Mexico were uncertain at the
start and rose later. Elsewhere I'M
portant price changes were IN the war
stocks and in other industrials with a
speculative following. These at thelr
best were above their highest OF tne
day before and after some proht TAX
ing ended with net gains.
AS the news came in business hours,
our troops sent into Mexico were IN
tended simply 70 punish villa and MS
followers. Actual Intervention is, OF
course, possible, but that brought no
disouiet. We have invested great sums
in Mexico, which for some years have
Welded little. The Administrator
policy toward that troubled country
has failed 20 restore order. Carranza.
recognized at last. has been unable TO
make his power effective. II IS felt
that the time for more active measures
has come.
Such issues as Mexican Petroleum
and American Smelling and Refining
opened lower and fiuctuated in irregu-
ar fashion as the early news from
Washington left doubt as 70 whether
pursuit Of Villa and his bandits vas
10 be resumed. When word came that
an expedition was TO be sent 10 take
Nd the pursuit prices of stocks affected
hardened and were higher at the end
Of the day.
Equipment and metal stocks we're ad-
vanced, attaining considerable strength
IN the late forenoon. United States
Steel was unmoved by the announce
ment Of nearly 650,000 tons in untitled
orders last month, but this failure to
rise on good news did not, as sometimes
is the case, bring general weakness
Speculative favorites closed below their
best, the reaction not amounting to
more than could be accounted for by
taking of speculative profits by traders
at the end of the session.
United States Steel got shade above
its high Of the day before in the fore
noon, and ended just below "a, one
eighth higher on the day. Unified or
ders on the books of the corporation at
the end Of last month reached a new
high record at over 100000 tons, in
spite Of the rush of deliveries. This
great activity at high prices in the
trade is, however. a matter OF general
knowledge. Dealings in Steel were
smaller than on Thursday, when 1t led
the market to higher levels. Crucible
Steel had q larger total. while Ameri-
can Locomotive was just about as &C
tive.
Southern Pacific because of the in
terests in Mexico rose more than 2
points In the late afternoon and held
a good part of its gain to the close.
In the other railroad stocks there WAS
not much trading. and for the most
part price movements we're narrow.
Sterling was above 4.76 for demand
all day and francs and marks also
made some improvement The Bank of
England announced release of a small
sum Of gold for the United States. but
since the first of the year the total of
gold so freed has amounted TO less
han s5,000,O00 Though sales of Sc
curities here for London account have
been light Of late. there is still suffi-
c;ent British credit here to hold ster-
ling rates steady.