Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-13
HIGHER PRICES MADE
ON INDUSTRIAL SHARES
War Specialties Lead in the Volume
of Trading and in Sharp
Advances.
Railroads Are Inactive and Easier.
Little Steel Holds Very Firmly
Around "a.

NEW YORK, OCTOBER To- w INV e'S1
is general activity throughout the STOCK
list, the market was very irregular anu
there were indications here and there OF
recessions in values. This trend seem
ed largely due to the developments In
the Balkans, and yet there were rev
commission houses and fewer opera
tors who would predict anything but
continued activity and further 1nna-
ton of values.
One of the features of the session was
the easier trend in the rails, the stami-
ma so dominant on Monday having DIS
appeared, while the war Stocks OF
rather certain shares in this list, took
the lead and held important gains
through the morning houTs and into the
first hour of the afternoon.
Close observers of market conditions
thought that indications pointed to the de-
velopment Of renewed interest in the cop
per stocks, although the indications mad
rot fully developed, and the theory was
probably based on the trend of traders
to take first one group of stocks. shifting
interests quickly to another and repeat
ing.
New Rules Effective.
New commission rules adopted by the
exchange are based on regular one-eighth
-
market value of or above $40 a share.
this making the commission on an order
to buy 100 shares $3.50, with like
commission for selling. Stocks valued
under $40 a share in the market call for
a commission Of one-quarter, or $6.25, for
executing orders for 100 shares
Among the most active leaders in the
stock market, when. there is any ac-
tivity. are Reading and Pennsylvania,
two stocks that have a par value of
$50 each. They have been sold in the
past as two shares to make the equiva-
lent sof one of stocks valued at 500
face value
The effect of the rule is to make
trades in these favorites double COM
mission. Brokers make larger COM
missions unless the traders make fewer
transa ctions.
In the war list Westinghouse is a
$50 par. value stock.
Trading in these stocks seemed to
show a material falling off, whether as
sions or otherwise. Reading was quot
ed at 80k at the opening. x off from
the double shares basis pr Monday.
Then it sold at 1915 to 79H.
Pennsylvania was quoted around 5SH,
a slight recession.
War Stocks Strong.
The war shares were strong, motors
also. Baldwin Locomotive started at
131, a 5-point advance, rose to "a and
then reacted slightly. Crucible Steel
rose 2Ato 3 points. and held 2 points
advance. Studebaker was Az points
higher: WHY'S Overland. Az; General
Motors, IL; General Electric, X. and
Allis- Cha lmers, a point better.
Sugar, Mexican Petroleum and Ameri-
I,nx
ter.
Coppers averaged y of point better.
Baltimore and Ohio lost a point.
Great Northern, Northern Pacific and
Atchison fractions, while Canadian Pa
cifc. after gaining point. lost the
advance and one-half additional.
Steel Common Is Strong.
Steel common was very firm, not
making any Roadway toward higher
prices, but holding decidedly strong
around SO. the high mark for many
weeks before Monday last. 1t touched
s3M, dropped to S2S and advanced 10
s4k There is much talk around commits
sion houses on the prospects for the
future of this, the greatest of all spec
ulatiye stocks on Wall street. Predic-
tions of the third quarters earnings.
AT the higher prices for products, indi-
cate a belief in enormous net earnings
and the chances are strong for the re-
sumption of dividends with January
1916
Bethlehem Steel rose II to the new
high of $50.
Steady and Active.
In the first two hours of the after
noon the market was strong and quite
active at around the midday prices.
save for a few specialties, which set
Ia new high mark for the day, Ameri-
| can Brake Shoe going to 131a points.
while General Chemical was points
| higher and the Tobacco shares decfd-
eddy firm. w.,
ems were also firm.
the afternoon, the industrials were act
| ing well. the war specialties slightly
below high and the rails decidedly
l