Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-11
STOCKS CONTINUED
UPWARD MOVEMENT
Leap in Reading-New High
for Bethlehem - $5,000,000
Additional Gold Imported.

NEW YORK, June ii.-Encouraged BY
the mild and friendly tone OF the note o.
the United States to Germany the stocl
market made further upward progress
during the early session on the exchange
today, with the war Bpeclaltles and the
coppers again leading the way, as has
been the custom here OF late, while the
established shares Jagged as far as
activity was concerned but were strong
IN sympathy with the general trend
There were more buying orders than for
some days past, and the demand came
from all parts OF the room Some issues
made gains ranging up to points
The market received what has always
been considered the established test Of
atrength-the regalnlng OF dividends
which had been taken OF at the opening
Dividends on the copper shares we're
clipped of, but these we're all recovered
In short order and prices In this group
went substantially above the final Of yes
terday. Again, today. the supply Of
stocks on the market was small, and
any demand Immediately resulted In =
bidding up OF the price. Although out
side interest ls stlll Insignificant. a dis
position is being shown to come In.
and this is more particularly evident In
the war speclaitles. After the early ac-
tlvity trading slackened down, but prices
remained Arm.
Demand for stocks became larger in the
afternoon and further gains we're made,
the standard shares coming into promi-
nence, Reading leading this group with
an advance OF more than three points,
while Steel Common added iA to Its price.
The supply Of both of these stocks APP
peared to be particularly small Through
out the afternoon interest switched from
the specialtles to the railroads to a great
extent. or the metal stocks Federal
Mining showed the greatest strength, the
common TnOVlun IN pnlutg and the
preferred nearly Q points. The closing
was strong
The Street has become more or less ac-
customed to Bethlehem Steel making
new high records daily, and the stock
did not dsappoint any one on this score
today. selling up to 1891, just III above
the previous high and Ave points above
the close of yesterday. General Electric
moved up the same amount, but neither
held all OF its gain.
The character OF the note to Germany
was an agreeable surprise. It had been
almost generally expected that II would
be very drastic which was helped along
by the resignation OF Secretary Bryan.
The note proved TO be nothing of the
kind. and while reasserting our demands
set forth In the first note, 1t does 80 In
n very friendly way. That the differences
between tho two Governments can be
settled in very satisfactory way with
out resource to force was the general
belief after a careful reading of the note.
The mild tenor of the note raised the
question In not few quarters OF What
did Bryan see in II to cause him TO re-
sign?" The Street could not see why.
From Canada there was received an
other shipment OF gold, amounting to S5.-
100000. which brings the imports of the
yellow metal from all sources since jan
uary up to S930t5,0O Yesterday S2,5O0,OO0
in gold was brought In from Ottawa.
The foreign exchange market was un-
affected, rates remaining unchanged. The
price OF copper metal continued to rise,
electrolytic for foreign delivery being
quoted at 2OIL cents, while for domestic
consumption It was 2OA down to 20h.