Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-07-29
VAR SPECTALTIES FELL
AND THEN RECOVERED
nsny Advances Were Wiped
nut Late in Day When Trad
ors Raided Crucible.

s,xU YORK, July 29.-There was no
a. the demand for war special
stsR me early hours OF trading this
H. and at times, there was a
.srsnoble to secure stocks. Other
w ~ the list showed a tagging ten
and some of the railroads, no
=. 81 paul, were weak St Paul
f,,auenced by fears that the regular
.nnnal dividend Of 2lh per cent.
..,4 not he declared by the directors
,he meeting today. The weakness in
naturally affected the railroad list,
.,cleily Northern Pacific, as the two
.ss cover very nearly the same ter
II sone OF the far Western States.
nfs.l,y,,y in the war group centred
~ rr,icible Steel which bounded up
new high mark, Just 1874 points above
,iose Yesterday, and this advance was
y. m the first two hours. other is
- make high records were Bethe-
e,eel. advancing points, after which
s,ouned back points to points
s the final yesterday Pressed Steel
q eiso reached new top, up 3Ia points,
sd Continental Can. The talk on
after issue was that there would be
,...,.ble developments at the meeting of
q so,nnany's directors in n few weeks,
y a was said that the stock may be
.,.r,s on 8 per cent. dividend basis at
e. tine. on the present movement
,.t,d States Steel common moved UP
:. new high. In American Locomotive
,s.re vas a gain of ~ points. The wide
.sssrre seemed to be the result of talk
I, more orders. BY o'clock Crucible
.soesd gain Of 179t points.
fha morning session was one OF the
~ active SINCE the reopening of the
ah nf Gfnpk chang
NJ hands in two hours.
q paul dropped three points in the
al Two hours A great deal of comment
~ been expressed over the dividend on
,1st stock in the last few days. In the
Ia 6scal year about "a per cent. was
armed. II was said today that many of
m western directors favor cutting of
Az dividend, while directors from the
Thst would vote with the majority. Sell
~ nf the stock indicated q reduction OF
he payment
The broadness of the market reminded
.ne OF the boom days in the latter part
Y Nav in the afternoon session. In many
sues the advance became so rapid tnat
korts tumbled over each other in rush
nr 10 cover Some of the motor shares
rsra taken in hand and pushed to higher
syels. but General Motors was not in the
roup, that stock tagging behind. st.
PAUL. recovered most of its loss before the
Ilernoon was very old. The coppers also
Moved renewed strength, as did Bethle-
'tm Steel, which came back from the
AVS low to a new high, jumping at one
ma three points between sales, up NJ
,sints.
The renewed strength in Bethlehem was
by the reports that Sl000OO,-
v worth of additional war orders had
.ssa added to the $15O, 600 900 on which the
aapany is now working. Predictions
1sre made that the earnings on the COM
non stock for the year would be about
l;oA share.
Late in the day there was raid in
crueihle Steel, which dropped from the
days high OF SO to 66, down II points,
wlihn very few minutes, carrying the
rest of .he war specialties and quite a
rev or the standard issues with it.
'ethiehem fell 10 points; Baldwin, q;
disclaimers. 53s. and many other
tFes declined /, 2 and 3 points. a few
entes before the close stocks recov-
A, Crucible coming back 91a, Bethle-
n c, and several others regained losses.