The Washington times., 1909-11-15
STOCKS SHOW SOME FAIR GAINS.
COPPERS, READING, AND UNION
IN THE LEAD.

NEW YORK. Nov. 15-2 p. m.-The
whole list is very strong, and the
chances are for better closing unless
there should be a profit taking rush
in the last few minutes Of the session.
Reading has assumed leadership, ana
is nearly > points above Saturday
closing. Union Pacific turned 2O3]s-
Copper is now 94ls, 3ls points net ad-
vance on Saturdays close. All coppers
have followed suit Smelling is 1925,
d points gain. Sugar gave the market
an example of wild fluctuations. break
ing TO Eta and going back TO Ia. Steel
common SIS.
NEW YORK. Nov. l5.-Many of the
leaders were marking time while the
copper stocks. WABASH, and Rock Island
were the strong spots and gave indica-
lions of manipulation. The Street has
rumors that these securities are slated
for further advances. Some of tie
heretofore conservative commission
houses are beginning 10 see the way
clear TO a little better price movement,
and expect higher values throughout the
list between now and Christmas. OF
course they give time enough for a
material return of crop money. The
fact that the bank statement was much
appreeiable effect on securities, because
the Street understands that the showing
vas more or less rugged, via the usual
trust company methods
Coppers continue their upward trend
and while few have any mixing as to
the extent of truth in the merger rumor,
the persistent reiteration Of the story
Is sufficient to cause a following, and
the sharp advances are taken as con-
firmatory circumstances. Utah Copper
held its closing gain OF Saturday, but
AmaIgamated moved up to $50, as COM
pared with 81, the close of last week
Copper =. on the curb Greene Cananea
moved up TO 1875 The gossip on coppefS
IS of the strongest kind, ana iSineltlhs
IS said to be que 70 Hollow the ledd OF
The copper shares. It rose this morning
10 1917, as compared WITH sg7s, Satur-
day's final figure. 1t is predicted that
4, VIII cross rs in the not distant future,
although there does not appear 20 be
any good reason for such a sensational
betterment.
Southern Shares Strong.
In the rails the features were the
Southwestern and Middle Western
stocks. Rock Island is freely tipped for
ADVANCE Chesapeake and Ohio acted
well. St. Louis and Southwestern rose
a point. katy a point, and Wabash
issues u point. Missouri Pacific was
very strong. rising TO 2. or ia OF
poins- and holding we'll The exceptions
Z this strengI1 in Southern stocks was
found IN Atlantic Coast Line which
dropped from 137 10 l35, and recovered 70
1S6 Louisville and NASHVILLE easeQ on
= point in sympathy. Selling eN-flgnts
this morning, Pennsylvania IS calleo
t1eau by some well-informed instltu-
tions, and they are recommending thar
the stock he purchased al the existing
levels.
General List Higher.
The strength in the speeialues and the
changed and changing sentiment for the
better was reflected te the entire list
and material advances were made IN
Union Pacific. Southern Pacific. Read
ing. Missouri Pacific. copper shares
and SteeIs during the noon hour some
few belated shorts were anxious at the
show Of added strength and, white tins
Street does not look for anything SEN
sational in the betterment. their cover
ing helped along the rise. Union Pa
cites show OF strength was probably
the most effective argument Tor niShel
prices II is still leader, and. while
other stocks may start an upward move
menf vet, If Union Pacific does mol
Join in it is not likely 10 go FAR.
The gains amounted 10 point
in Union Pacific. Reading. Chesa-
Pacifc. and 3 TO L in the gen
eral list. other than in the iHdustrials
already mentioned, which showed some
slight betterments. Colorado Fuel was
q point higher. St. Paul and Southern
Pacific responded slowly and 10 very
modest extent. Reading touched 163.
10 one could call the market Wild u
wasn't by any means simply "a little
better: little better tone; little better
prices: save in specialties, where there
IS something doing.