The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1915-04-08
GREEN lights"
OUT ON Street
Danger Signals Seen in Dis
crepancy Of Stock
Prices.
MANY FOR SAFETY FIRST
Winners. by Speculative Issues Shift
ing to Other Holdings. Awaiting
Promises to Come True.

New York. April stock exchange
seats sold up to $40, 500 today and one
broker who was offering his at $4,000
withdrew. Six months ago seats sold at
$4,000.
Green lights" cautionary signals, can
be detected in various quarters Of the
stock market. Prices invite COMPARE
sons. General Motors. not paying divi-
dends. sold at 132. General Electric. a
seasoned industrial paying per cent.
sold at 147. Goodrich. earning less than
per cent. sold above ~. United States
Rubber. paying per cent, sold at IS.
Bethlehem Steel, not in immediate sight
of a dividend, closed at S1-2, while
Southern Pacific, a regular per cent.
in gaining profits in the more speculative
issues, are shifting to other stocks until
dividend facts catch up with fancy
promises.
Expect Raise by Fair.
United Railways Investment emerged
from its recent trance which discouraged
some stockholders and advanced five
points on the resumption OF cash divi
dends by the Philadelphia company,
which it owns. United Railways showed
over 4 IL per cent. earned on the pre-
ferred stock last year AS before noted
in this column, substantial upward
movement is looked for during the
months of the fair.
United States Rubber rose to SIS and
the preferred gained IL. No manipula-
ton is needed 10 make these issues
speculatively attractive with present con-
dtions in the automobile trade.
Boston houses have been steadily ac-
cumulating Missouri Pacific. The shares
We're persistently strong today when
other issues were reactionary. A further
rise tomorrow is spoken of.
American Cotton Oil, which ad-
vanced nearly three points, should
profit largely from its cheap supply
of raw material. A pool is active in
the stock.
Trader. Predict Reaction.
Steel common moves within a mar
row groove, with strong buying about
~ and an advance of stock at So
bethlehem dropped two points. but
came up strongly at the close. Stock
holders are apparently willing to wait
for dividends.
Woolworth rose to 100 rs on re-
newal of rumors regarding an early
increase in dividends, while Kresge
gained four and a half to spite the
official denial by officials that no in
crease in dividends has been even
considered.
Traders called the market tired. and
SdS lHtS utltCieu Selling OIL d ChdT-
acter which usually precedes a reac
ton They admit. however. that the
ability of the market to absorb stocks
is remarkable.
Short covering brought a furry in
Rock Island, which advanced the price
some four points. Speculative atten
ton is conferred the stockholders
meeting Monday next, after which de-
tails of the plan to finance the COM
pany are expected TO become public.
New preferred stock to which Rock
Island Company stockholders will be
privileged to subscribe will probably
be issued to raise the necessary funds,
some s30,0OO,000.
Bonds were steady, with a continu-
alton of quiet liquidation from abroad.
The longer a normal reaction in the
stock market is deferred, the sharper
it will be, Wall Street reasons; and
the sooner it comes the better for the
commission houses. who cannot ad
wise purchases in fancy issues that
stubbornly refuse to obey what they
call laws of action and reaction.