South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-10-21
INDUSTRIALS IN
NEW ADVANCES
Bethlehem Steel and Stude-
baker Make Big Gains
Latter to 1863.
Rx Rroadan Wall.

NEW YORK, oct 21.-Althohgh
the stock market displayed an irregu-
lar trend Wednesday several new high
records were established by the indus
trial shares notably Bethlehem Steel
at 529. an advance o. 81 "a points for
the cay and Studebaker at 173 "a. a
gain OF "a points. There was scat
tered liquidation throughout the list
but conservative brokers believe the
upward trend viii be resumed after
the light offerings are digested.
With the exception OF Chicago, Rock
Island q Pacific the general list open
ed strong win gains running from a
fraction TO "A full point. The higher
range OF values was met with light
offerings, resulting in slight recess
sions. but buying orders appeared on
all recessions so that the list imme-
diately recovered. For the balance
OF the session the market was a see
saw affair and exhibited no definite
trend except in a few low priced IN
dustrials
Commission house brokers are again
reporting "A tendency on the part of
their customers 20 Over-speculate A
partner ia one firm declared Wednes
day that his concern was carrying
more long stock than for some time
and that as each day progressed this
supply increased. For this reason
many brokers entertain misgivings as
90 the continuation Of the upward
trend in the immediate future with
out first having a reaction. 1t was
an Over-eXertiOn of the speculative po-
sitiOn together with a lacking up in
the price of odd lots that resulted in
the sharp break OF two weeks ago.
Central Leather continues to be well
taken Notwithstanding the fact that
the common touched new high OF
50. Brokers Wednesday reported the
appearance of buying in the stock by
conservative new interests who look
for an increase in the dividend in the
near future
Activity and strength of Inspiration
Copper coincident with stagnancy in
other copper shares attracted atten-
GOn. 'Jakey'' Field Was prominent
on the buying side of the issue and
reports were current that there would
probably be an extra distribution 10
shareholders out of funds in the
treasury.
According TO authorities the Ana
conda Copper is going TO offer one
share OF its stock for every one and
Onc-half OF Inspiration. Insiders say
Inspiration has in its treasury, funds
cqua, To SO share which they feel
should go 10 the shareholders.
The St Louis & San Francisco re-
organization plan has practically been
completed and the reorganization
will endeavor to place the plan before
the Missouri public service commits
sion next week. The principal fea-
lures OF the plan have already been
printed
Accumulation Of Erie common con-
tinues although the price is around
the high level Persons who began
accommodating the shares when the
common was under so continue to
pick up the stock
The roads report OF earnings for
september is expected TO make a high
Is favorable showing, thus rejecting
the expenditures +otaling 100000, 900
which have been made for improve
ments and double tracking to Chicago
under the presidency of Frederick ID.
Underwood. Any revival of buying in
the rails is expected TO be LED by the
eastern roads which are making a
much better showing in earnings than
other carriers.
Holders OF Tennessee Copper stock
should not become alarmed if they
see the shares selling Thursday at
about l-2 points under Wednesdays
close for the stock sells ex rights on
Thursday. Brokers reported a good
demand for the rights" throughout
Wednesday at 1-2.
Bond dealers report a growing scar
Wy " li6AA AttAt JULIUS anu expect
this TO result I'm greater activity i'm
the second grade issues. The writer
learns that a large block Of nearly
100000 par Of Baltimore x Ohio
southwestern 3 1-2's which have been
hanging over the market for nearly a
week have been distributed in small
amounts TO investors. Industrial bonds
continued TO advance. Distillers' Sc
cUrtles 5's touching a new high. New
York Central debentures skies also
were strong.