Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-03-24
STEgL AND UNION
PACIFIC LEADERS
....ts Throughout List Lifted
''y one. Two and Three Points.
reaction at Close.

voRK, March 2t-The stock
,oday was the broadest, strong
49, ..a most active since exchange re-
las, december. The upward swing
sPsn ..ordav was continued at the
Hsfteu y,odov. and before noon good adj
epenlns .ore scored throughout the list.
wncs one and two points being quite
fslnso and in some cases advances ol
eoh.,oh as three points were MADE me
ing demand came from many sources
"a he supply of stocks seemed 10 pe
tha uC,bief interest appeared TO centre
tns. IA line issues instead OF specalties,
y Nv m. hoen the case recently and United
~ s,eeI common resumed its place
wv realizing occurred around mid
h,cb caused a slight reaction from
~ h,sh but the demand for stocks was
ias Than the supply ana the advancing
es0s..r,ont was continued in the late trad
~ nne of the most active stocks IN
IVY ,.,e session was Union Pacific, which
y " ens stage was up more than three
N,s The street had a report that tho
poluss psary had earned it's dividend In the
s0npJl' sap.lx months. This issue was also in
s,snd in London About 81 per cent,
es'p ~. days' business i'm that marker
s.ine in that issue
w.ss 49, was heavy foreign selling Of
,+l,sa Pacific. and the price fell from tho
syN I'm II was said that foreign holders
IA sold 1900 shares Of this stock dur
~ the day. In fact the higher level of
ices throughout the list brought selling
nom abroad In many issues Just before
u. rlose. and this with realizing sales
~ y. The account OF floor trade and specI-
.tors caused a reaction in prices from
~ btrh of the day. but quotations were
..Iu above the final of yesterday in the
rsiorItv of issues. The leaders OF the
An we're Union Pacific and Steel com
Thsre we're many reasons to account for
N. strength in the market today and for
~ interest shown not only by traders
MT by outsiders In the first place, the
strset seems to have n well-deiined feel
inR that the war In Europe will soon come
n an end, although there Is no direct or
Indirect information to this effect. Italy's
anticipation on the side of the Allies
would do more than anything else t.
and the hostilitles, IT is held, and Italy,
Il seems, Is getting nearer and nearer to
sbs polnt of ranouncinR her neutrality.
TO back up their belief that the war
viii cease soon brokers are offering to bet
even money that hostiliteS Will end with
IN four months, and odds of s to are
,ssed that negotiations for peace will be
on BY the end of June.
Cables from London announced that the
sealings in American securities there
we're the largest for some time, and this
caused very good feeling. Now. with
eli these favorable influences, and with
The American dollar at a premium the
world over, why shouldn't the market ne
much better all around?
United States Steel common made new
top at 40 since the dividend was passed.
going to that igure before midday up n
fraction more than points from the
final Of yesterday.
The favorable February statement of
the Baltimore and Ohio, which showed
gain in gross of 1854 and an increase
In net Of 81 0Os, O6j, lifted that stock over
two points. This, in the opinion Of the
Street, strengthens the belief that the
company will be able to maintain the
per cent. dividend on the common stock.
Northern Pacific also made a good show
Ing in February the net increasing $3.50, 900.