Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-01
SPECIALTIES STRONG
IN IRREGULAR MARKET
Stocks Showed Improvement in
Afternoon Session - New
York Central Earnings Good.

NEW YORK. April THE first day IL
eight months when trading in stocks and
bonds was carried on without Jurisdiction
passed without particular incident, aside
from the fact that the market had an ir-
regular tone throughout the day, but on
the whole the day was very satisfactory
70 tho Street. There was n falling OFT IN
activity but the market continued broad,
a large number OF issues being traded in
Largest advances were made BY the
epecialties.
During the early session there was
some foreign selling, and this added to
the fact that floor traders and outsiders
here took profits caused reaction at the
outset, but later In the day the market
improved materially. brokers reporting
more buying orders,
The market continued to show
stronger tendency throughout the after
noon session, but there was irregularity
In spots. The demand seemed TO be
good not n few Of the orders coming
from outside sources. An encouraging
bit OF news came In the afternoon in
the shape of the February and two
months earnings of the New York Cen
trail lines, which showed increases In
both gross and net The net for the
month was S1,7176S7 above the same
month last year, while the two months
net was more than twice as large as the
same period of last year. The stock
moved up on this news.
Strong issues were the 1nterborough
Metropolitan, and IL was thought that
most of the buying was for interests af-
Inflated with the management. Chief in
terest seemed to be in the specialties.
and among these Studebaker was quite
prominent at higher level The mar
ket closed irregular.
Particularly strong spots were Ameri-
can Locomotive preferred. which gained
AZ points and American Sugar Refining,
which rose nearly points, these two is
sues being the strongest in the market
Considerable attention was attracted TO
tho upward swing in bries, these shares
remaining strong In face OF reaction
in the general list Dealings were rather
large and for a time an inclination was
shown toward becoming the leaders. Sub
stantial gains were made and the ad-
vance was based on the Improvement
shown in the earnings in the last two
months.
Pressure against Reading was at
trfbuted to the many suits now hanging
fire against the company Movements
in Rock Island were irregular, the stock
first going above the final of yesterday
and then sagging Off There were re-
ports in many places that the financial
requirements OF the road would he sup
piled, and the impression seemed to bN
gaining ground that the property is in
good physical condition. There is also
talk of an assessment on the stock to
effect a reorganization of the property.
Cables from London told on brisk !
trading in American shares, but the busi |
ness there was also restricted because |
of the holidays. the Stock Exchange |
there being closed three days, tomorrow, |
Saturday and Monday. The statement |
OF the Bank of England for the last week |
showed a decrease in gold holdings, |
while deposits, public and private, ad-
vanced substantially over the preceding
week.