The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-14
FINANCIAL NEWS
And COMMENT
Trading in Stocks Expands
Actively on a General
Rise in Prices.
WAR SHARES LEADERS

Wall Streets response to the Mexican
and other developments over the week
end was a stock market with transac.
lions approaching the million share sale
and q broad. swinging price movement
upward. which left a substantial array
Of net gains at the close. Throughout
the day the abeorptive capacity DIS.
played was impressive. and in the hnAl
dealings the strength Of the list wa
quite as pronounced - IN any previous
period. The session wa the most &C.
tive since January 3. when heavy sell
ing inaugurated the winter reaction and
decline that did SO much to put the mar
kei In shape for such . demonstration
of rising tendencies - has been under
way lately.
Apparently consideration given by the
financial community to the international
factors In the situation resulted dur
ins tho recess In no u~nfavorabls con.
illusions. Perhaps II hardly dsservei
10 be said that yesterdays Stock Ell.
change phenomena were not to any ex.
tent IA reflection Of these factors. The
reasonable Inference is that the stock
'''s'' VI WIS ~
comp!!shed In spite Of them.
For the moment the affair Of the Nor.
wegian bark Sil!us seemed to be for
gotten. along with the problems Of diplo.
macy which were recently engaging &C
much attention. There was no ev,den,
change In tho status OF the European
war. btu at least no adverse deductions
We're drawn from the distinct arrest o.
the German offensive In the west. Wal
abroad. however. was quite clearly over
Swallowed by the Mexican war cloud
Wall street. even In the face OF Wash
ington assurances OF arrangements with
C~arranza. maintained large reserves o
doubt about the limitation of tho puni
tive expedition into Mexico to an enter
prise far short of general intervention
Nevertheless Mexican matters wer,
apparently regarded as something which
onered no obstacle to an expansion o
quoted values, measuring the facts o
extremely profitable activity in the gen
erai business Held as well as the i'm
proved structural position OF the stool
market itself. Indeed, the Mex!ca,
prospect was Speculat!vely construct
as portending an increased stimulus (,
war industries, but In tho main IN,
Stock Exchange session seemed 10 b,
simply an emphatic continuation OF
movement wh!ch has been some tim,
preparing. The upswing started rathe,
vigorously last week. but was checke,
toward the week end by the new Msxt
can crisis. which Wall Street on secons
thought apparently disposed Of satisfac
torily.
Short covering undoubtedly con;r.bu
ted materially TO the further advanc,
OF quoted values. but confident and per
sistent buying for the long account wa
obvious. Heavy profit taking all da.
failed to cause more than slight an,
temporary recess!ons. Around the open
Ing there were some signs OF uneasines
and uncertainty. but a~pprehenslve sell
Ing wa unimportant in quantity an,
was quickly exhausted. Features o
leadership were provided by variou
war stocks. co~nspicuously America,
Locomotive. Crucible Steel, Bethlehem
Stee! n Baldwin Locomotive. Stude
baker was prominent among the miscel
laneous Industrial spec!alties. Tn
whole list was i~nfiuentially supporte,
b. the aggressive strength Of Unite,
states Steel n the copper meta
shares. Leading rails wer. Arm an,
less neglected than for some time pa st
Advices which received Wall Stree
notice outside the subjects already re
ferred TO related chiefly 10 the curren
and conjectural increase u war nun!
ton contracts placed with the corpo
rations which are now Well ORGANIC
10 handle them. That Supplementary
orders for war material are being we
gotiated is an item Of daily .re,~r. ma
receives "A good d.a, Of c~orrohoratio
from the sustained strength % .hs mar
kets for the metals which enter - muc
into the manufacture o: munitions.
German exchange fell TO a new 10y
level.