Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-03-25
I0RETGN SELLING OF
STOCKS WELL TAKEN
,..oks Sold Off in Late Trading
- = Heavier Offerings From
Home and Abroad.

voRK March g. There was
a Mr, r,,.,,n,,,ion of activity In the stock
9ane u"d ,ndev but the undertone was
HaFke'r 'rricss at the opening were gener-
4 fep' .topailv above the final of yes
ny thus showing that the floating
Hosy NJ stock was small. Before the
Fpp.{ ,be first hour heavy realizing sales
~ made which caused recession IN
w. from the high. and many issues
Y, below the final OF yesterday; some
s ~, sales were made for weak bulls
s w aired TO clean up their accounts.
~ were we'll taken on the decline
splias we're not pressed. The market
4 ifq anon again resumed its upward
Ele aben all the stocks offered for
3 niht been taken care of and the sup
" s,n hs, became smaller than the de-
~ ti,eher priced issues were more
I iavor today. c...,,,,,.o o.,
w. wkre larger in the afternoon ses-
and the market sold Oft from the
s.s N the day. The principal supply OF
~ seemed to come from lndtVidual
.a,ors VINO we're taking profits. Atchi-
& Y. ,esponded to the favorable statement
& Y February by advancing point ABOVE
!. anal Of yesterday, but eased on IN the
wv trading and closed at last nights
~. oaorings Of stock became larger as
.flernoon advanced and the rise of
w., anneared to be eeCtively checked,
40 Tho close some issues were down to
n.,s Anal figure of last night, while
n number of shares, In fact the
Wv majority, showed gains for the day.
~ favorable earning statements of
..y railroads issued during the day
.asS as a brake, and helped to sustain
m market
M interest seemed to be switched from
..onts 10 the cotton market in the late
,rssinR. and prices of cotton advanced
',sIly 10 new high points of the year
4 fairly active demand
IN the decline there was also consider
,ne amount of foreign selling This was
iue in large measure to the fact that
,Trss have now climbed to level of
lsose at the close on July 27 settlement
rlres, and therefore institutions in Lon
~ can resume liquidation of collateral
ksns. The selling in Union Pacific yes
lsrdav was largely of this kind but II is
hlIeyed that this has been about cleaned
Union Pacific again resumed its upward
,slng and crossed l25la before noon for
"A advance of nearly ll2, and with Read
hr aud Southern Pacific, became one of
iis leaders. Baltimore and Ohio stu re-
MINED In the foreground and advanced
ever points. The rise was based on
M favorable February statement.
News that the Government proposed to
Investigate complaints that the Bethla-
Asm Steel Company has been supplying
'nbmarnes in parts to the British Gov
lenment did not affect the stock today.
and the price rose above the final of yes
isrday at the close. however. it weakened
ID sympathy with the rest of the list.
In the budget of news was the an
Iouncement of further imports of gold
from Ottawa, this time SlOOO,OOO being en-
sssed for shipment to New York. In
rohsequence, the foreign exchange mar
kst was trille stronger, The belief Is
growing daily that Great Britain will be
compelled to establish big credit here,
probably slOOOOOOOO or more, If our eX-
ports continue on as large scale as
which will cause further
weakness In foreign exchange.