South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-12-25
Stocks ACTIVE;
NEW HIGH MARKS
New York Central Sold at
Highest Prices Since 1913
Reaching 1092.
By Rroadan wall.

BY BrOadan wall.
NEW YORK. Dec. "a. - Stocks
were fairly active and strong today
Notwithstanding that pre-holiday
markets are usually dull and unin-
teresting affairs Several touched
new high records for this movement,
prominent among them being New
York Central, which sold at the high
est quotation since 1919, when II
touched 100 "a. Steel common was
in good demand throughout as were
the cOppers and rails. Prices eased
of from the best in the late after
noon on prodt-taking. but "a strong
undertone prevailed az the close.
Initial prices showed overnight
gains. with the cOppers prominent
Best prices were established in the
first hour Commission houses re-
ported continuation Of the slight
increase in business experienced on
Thursday A better demand existed
for specialties, American Zinc and
Butte and Superior gaining more
than two points each The cOppers
responded 10 the further advance in
the price Of the metal and the rails
were I'm better demand owing TO the
Improvement in railroad earnings for
November
The oil shares were strong, Mex
1cau Petroleum and Texas being
most active. In the last hour realiz-
fng sales accompanied with rumors
that Pres't Wilson had met with an
accident caused "A recession from the
. or-f
-dences of a bear attack were absent.
Steel common sold within a frac-
ton OF its previous high prices for
tits year. Rumors were current on
the floor Of the stock exchange that
Morgan & Co had taken large
block OF American stocks offered by
foreigners and that a large amount
OF Steel common made up part of
the block. Brokers on the floor said
that the Offering OF large amounts Of
Steel common and their purchase by
Brokers who usually act for the inn
portant banking interests indicated
that the foreign offerings were being
readily absorbed.
Additional favorable reports of
earnings for November furnished the
railroad group with additional bull
ammunition. Northern Pacific re-
ported a gross increase of 1883, 600
and a net gain Of S1426,0OO. Lee
high Valleys gross expanded SS13,-
al and net S36O,627 Announce
ment Of an increase of $1.341. 900 in
gross for Canadian Pacific indicated
a favorable December statement by
that road.
The sharp advance Of American
Tobacco common stock was said by
traders 20 indicate the elimination
of liquidation Of that stock by a
large estate. This estate is said to
have disposed OF about 1000 shares,
which resulted in the recent sharp
decline in the shares 10 below 200.
Interests close to the company de-
clare that the 90 per cent dividend
is not in jeopardy and that it is now
distributed among 1900 persons in
the United States. Foreign holdings
are said 10 have been practically
liquidated.
Copper shares responded to an
nouncement Of another increase Of
lac a pound in the price OF copper
metal 10 q lie. Ray Consolidated
exhibited more strength than for
weeks. Large producers say the
copper metal market is very strong
and are predicting 25c a pound for
the metal after the first OF the new
year.
Active dealings in the Anglo
French bonds at fractionally lower
prices dominated transactions in the
bond market. Investment bankers
said the heaviness OF these bonds
indicated liquidation by the former
syndicate members OF their aIlot-
ments.