Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-06
STRENGTH DEVELOPED
AFTER WEAKNESS
pamely Shares Advanced on
rut of 60 Per Cent. in Com
, nany's Operating Expenses.

.,, YORK. May 6-More optimistic
NBN.atyed from Toxic on the Chinese
neHsso sittiation, reports saying mat
Japs,.'si,,, In the Japanese capital is that
w njIl WELD, encouraged the street
tnls tn.s and stocks moved up signify after
t1.is toai weakness, caused oy scattered IL
cary ~, bv commission houses While
ealoa as some new buying noticed, it
tnste y, large. Taking 1t all in all, the
Ni.t Nss was feverish and many traders
maule,ed that it would not develop any
esps.Sse trend for several days at least.
assa ,,oyemerts were the largest in
y, Vp"S "snscialties, while the standard issues
w MA an inclination to lag.
y. tbe early downward drive pressure
's,rsd in Reading and the price broke
s.srlv points. At this low marx BUY
ins orders were put OUT ana II Iai'ieu. ,l
lnsrts w that the New York Central has
hyV y large amount of its holdings of
se,,.S ~, we're again current, but these
..dd not be confirmed.
~. market held steady in the AFTER
- session, but trading was not heaVy.
neess.r,ission houses had very few orders
,.V,,s ,bat the Japanese ultimatum had
~. rrasented to the Chinese Foreign
ossre AID not adversely affect the market,
" 4, was believed that war between the
- nations would be avoided. Reports
livl i'a c,oyernment has not received any
or.Sstion osl that il act as mediator, and
s.ssstary Bryan said that the United
ssN.ss has not volunteered its services
SO siosinp was strong, virtually all prices
.",,ing nv advances for the day. Copper
sS.l, showed the largest gains, being the
,NsSsrs in the late trading on reports of
Ne orders for the metal.
netbiehen steel stood out prominently
tat IN hD Ire
80 To account for this strength there
nu.i rimor Of a 100 per cent. stock
,,.Idsnd. which would be followed by
s.,h dividends at the rate of per cent.
= tho Increased amount of stock, Then
& : rsnort came from Boston that the cor
4 s.,stIon had secured further war orders
E y tha amount of Ss3,O00O00 This report
Nh 4 that $50 per cent will be earned
+ an The stock this year. In the afternoon
pathlehem sold up for net gain OF va
points.
Those who were sellers of Steel common
a m the break late yesterday bought pack
q The stock today, and the price after sag
sne came back. In connection with this
strength reports of large foreign orders
Il usre again brought out. The Steel Cor
i marathon Yesterday denied the reports OF
$ largs foreign and domestic orders.
Foilowing the announcement that the
& ssceIvers for the Rumely Company had
8 f.d,lced operating expenses 60 per cent,
q and that the property is now being oper-
4 ated on a basis of gross annual sales of
100000, both classes of the company s
2 slock moved up, the common nearly 1la
and the preferred S& points. The cut in
8 expenses gave the impression that the
t00O0OOO of notes will be adequately
sared for under the receivership and
s here was talk of something for the
referred stock.
Further shipments of gold from France
d New York are expected in foreign
Exchange and banking circles Estimates
Of the probable amount run as high as
n2OoDOOO Additional gold from Ottawa
= for the account of the Bank of France is
looked for Gold imports since January
now total S57,4l50OO. OF this amount,
i ts7sib,oOO came from Canada, Progress Is
being made in the establishment of
credits in this country for the Allies.