The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-30
FINANCIAL NEWS
AND COMMENT
Some stocks Make Large Adj
vanccs-Bethlthem steel
the Feature.
GENERAL LIST IS FIRM

Although the stock market had some
adversitics to contend with. not the least
Of which was the excited and somewhat
eccentric character OF the speculative
demonstrations within II. quoted values
made a further advance yesterday on
active dealings. The net result was
no, as large as the gross gain. but the
average of prices at the close was the
hirhes, since the rcopcning of the Stock
Exchange.
Reactiouarv sentiment was more pro-
nounced among the trading element last
night, possibly because many II not
most traders have found 1t difficult to
refrain from Selling relatively moderate
profits on the long side. In other
directions doubt was expressed IL the
market could maintain such a pace
Of improvement as II had set lately.
and everywhere the test OF the mar
kct's position this week was looked
forward to with interest.
50 far as yesterdays session was
concerned it could be said that stocks
still displayed remarkable underlying
iirmness in general, supporting the ag-
rrcssive strength in an extensive as
sortmcut Of special descriptions. Re-
,istaucc was offered to W favorable in
tuences and the markets capacity &c
absorb selling was no less a feature
than L week ago. The bond depart
m.nt was moderately active. hut deal
crs reported hat rot much over the
cnuntcr demand had been stimulated by
the m vcmcut r. stocks, and were Indeed
Inclined 'u mink that speculative mani
f,Sit..uuS had intcrfcred with invest
mout inquiry.
Iu tho main stock market price
| changes at the end OF the day were trac
! tiCual. hut SON. Extraordinary Eain'
were held bv a number of issues out o
stij' more extreme advances. Vet while
the violence Of the rise In certain d"
scriptions was again commented upon a
hurtful to the share list. IL was not APP
/ parent that the general strength hat
been greatly impaired by the spectacu
lar soaring Of Bethlehem Steel, som'
stocks TN the automobile group n ~
odd ROCK island shares. which cam
more rr less srusaiiiually into promi
N,u'o - the ~--ternoo--
en- tine contrary there We're some IN
dicttiou~ that speculative impulses foun'
the dimensions of special advance
e 90 NV 49,
D., was the common comment that tn
market was again going up too fast. lou
Will, extensive profit taking 10y trader
WIS induced. and there seemed to h
even more important realizing in vari
Gus portions of the list. weakening ten
denotes We're not distinctly noticeable
Railroad stocks and som of the NOR
standard iudusirials were under ohNiot
pressure. but they yielded only stun
horulN. Industrial stocks provided mos
ui tn. leadership ~ tho session. hut eve
among rails there were displays ~ rts
iug strength. - in New York Ccutrj
. and Pennsylvania.
en- tn, who'll tho market cvinccd
perception uu the part Of it' follower
that ~tocls were still easier to sell tina
80 buy. with an du. al'owauc" for IL
closing ont uf long commitment an
the offerings from abroad. while cNceI
In a relatively few spocialties price
Wcr, still At a comparatively low leve
There WIS not much evidence that foi
cisu liquidation was even in ~Sustuine
volume. although tn" bad which Wa
street has been making for stocks woul
hp,p Europe 20 title the bills which
s., mourning here If the European holder
of our securities would take advantag
ot the opportunity.
Also the less reluctant return Of on
stocks from abroad would help gu
ha.k"Ns who have been bothered b
the problem e arranging credits 70
other countries and wondering how IN
international balance In oIr favor W
po.ug TO hc adjusted Wall street hi
heer '.stify.ug to ,he fact that ther
is 70 far reader market here FOR &.
own securities than for tn, obligation
T foreign countries, although there
90 question that a considerable supp