Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-09-04
RAILS WERE AGAIN
yHE MARKET LEADERS
.,..,olt and Western and Ca
r"'i Ssdian Pacific Up Two Points
in Late Dealings

..opK sept 4.-The market IN
fEW iCa,or today was virtually
h. sno.e asfair There was very ht.io
fit-honosy ~ kind Of securities, the
1flnand ,lo,,,ration being TO hold on over
ftnerai ~, no one seeming 70 wan. 70
z ne -. large amount OF stocks. no n-o
oII} ss.nges were narrow tneS W.,
sra higher levels. Inc nro n,v Ansri-
tpwAlu she early dealings were a'nes, ,os.r,
Issoes in sugar. Colorado Fuel ana iron
on sees s.s,ed states steel, but the ao-
END - ,hese shares were not Wluo'
yhnces ln to Colorado Fuel ana lron'
II rei".aS ,hat the company VIII make
w. showing In the annual Iepo,.,
2 s9oe ,he fact that II suffered seVerey
esoaa the strike In the hrst nS'i VI
year. ,.rd the middle Of the last hour
Wen and developed for the railroad
SOM ia they as In yesterdays maj
issues ia the way toward higher
deaiihs, Sorfolk and Western and Can
prices ,,re,tc were the really strong
ed,sh ~ former advancing more than
tpots IA ths later just points. The
POM, adyance scored during the day
w.uS' W. N Virginia Coal and lren' "hich
nee ~ points, q, r-r,,.,-
eonao ~ the reports that the COM
pe eee'. ,,.ninps are establishing new
panIs s..ords The best year In the MIS-
mtn - the company was In 1913, when
to's =, - "a ls05. .g26, after depreciation
Z uey 49,, charges. After the payment
sna nv, ,,,sserred dividends there was a
/. - ., L,tne. ~ eouai to nearly 10 per cent. on
~ ssi E7s4Oo common stock, ana thls
~. M Is said that the earnings VIII
s',ynass the high record. The orlet OF
I. ~ " f'1so coy,ernnent against the American
"a Mt affHCt that
r.nas or the rest of the market
y,s,,ng from the weekly, bank clear
y 80 ~ The country and from other things
! rs,ch are good indicators of the general
i ...,s,ton business is surely on the mend.
"a IN very substantial basis at that.
! n"r,ne the last week, for instance, there
~est an increase in the volume OF clear
,rcs Of slightly more than 81 per cent
a.s- tne corresponding week last year;
s,si s,s ,Shsn II is taken into consideration
Nst ,his has been going on for several
y xeeks now, there must be expansion in
I, -,rhe. country is virtually assured of the
hseeest crops in its history: our ship
\ mentss Of materials abroad are tremen-
/ dous. and, seemingly. the demand from
..,the belligerent European nations has no
ending, and, therefore. with the foreign
exchange situation cleared up the out
look is indeed bright. At the end of the
last fiscal year, June 3O,, our trade bal
snce amounted to more than billion
dollars, and II the remainder of the year
keeps up the present rate it will not be
3 swprisIhg to see a trade balance of ST.
eD6oOO00 at the end of the next fiscal
Y year. s-'
II can easily be seen, therefore, that
the English and French bankers, who
are coming here to make some arrange
ments for the steadying of the foreign
exchange rates, will have an important
problem to solve.
It Is understood that attorneys for the
Western railroads have decided to make
their appeal TO the Interstate Commerce
Commission next week, for a rehearing
Il of the decision handed down by the COM
mission on the request of the carriers
for higher freight rates.