Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-08-09
:vgKS CLOSED STRONG;
vERAL HIGH RECORDS
steel Led the Upward
.'oyement- Market Was Err
.ntIc at Times.
Nnw YonK Anr. ..

NEW YORK, Aug 9.
,-ullant crop outlook shown by
& ffs .~nn,ent report sent stock prices
strong close this afternoon,
..,tlled to cover In United States
IA other leaders, which helped
tha advance In market which
,.stv had shown signs OF considera-
itsfishness.
tl.sh number Of stocks scored
,shtlai gains at the resumption OF
nt0,, 4, wall street this morning, the
Ntps., length was followed by nervous
N|is "a "A irTeRularity General Motors,
~, ateel and Crucible Steel were
fai3s ,er formers. The latter sold all
W ~ srom ss to 81 In different parts
~ eoor as the gong sounded and
.rted. Bethlehem jumped 10 points
t1nArai Motors over 10 to new
9'cord. Tennessee Copper also
s,lshed a new top price, while West
self Electric was active and buoy
a was Pressed Steel Car, traders
s.d United States Steel for an indi-
N what might be expected from
oeraI market. The stock started
.i,b 4 spurt above 73, against 1885,
ss,,s final, but offerings appeared
.,,aerable volume and the gain was
sil maintained
Al, feneral reaction did not last long.
Nv t,vhT orders made their appear
~, q, .he end of the second hour and
.. hsran to climb again. WHY'S over
.lsysioped strength and most of the
n n.,,ent issues recovered, sharply led
s,.ited states Steel, which made a new
q ( for the present movement. Vest
2sao,,se also made a high record, but
s.-reTi Motors took a sharp tumble.
f5sfloan Tobacco jumped 10 points.
gss railroad list ruled strong, with ad-
sSnles Ringing above a point In Reading
AZ Onion Pacific, but those also fell
~ subseduently, only to rise again in
Ett7lariy afternoon A feature OF the
WA dealings was drop in U. S. Gov
,,rrbent IS from l0lh, where they sold
nst June, to 1OO&.
win the report on grain crops sched-
IA to anpear during the last hour, trad
y. showed a disposition to hold back
rSndInk It's publication, as we'll as the re-
snin Of the Canadian-Paciic meeting.
~ latter was inclined to sag after an
ssyv show OF firmness, and a good deal
i doubt waa cast over the probability
y tbe present rate of dividends being
rualntained. When the crop report APP
nsared stocks took on a new upward
souft under the leadership of Steel,
rhIrh exceeded its earlier high figure.
Ifter the market closed news came of
~ deciatatlon Of the regular dividend
n Canadian Pacific.
rather disappointing report of earn
ms for June was issued by the North,
* Pacific, but the stock was not much
,hscted thereby Gross earnings de-
erased s74,411, ard there was small
~ In net. For the IL months the gross
decrease was over T.0000O0 with a net
decline OF s7S3,S75
The New Haven's June earnings showed
Z gross increase OF AS,62O This gross In
GUIDED Sai5,A4 not heretofore included in
monthly statements of passenger earn
lngR, while waiting for the decision of
the New York Court OF Appeals as to cer-
tain commutation and other passenger
rates, in and out of New York city. The
decision favored the company, and the
June earnings were swelled by reason of a
ruling Of the Commerce Commission.
Otherwise, gross in June would have ex-
seeded the 1914 figures by $165,0OO.
Despite the increase in gross and the
lecrease In operating expenses, net cor
iorate income for June was only 76O,717,
decrease OF $S05,Si from the June, 1914,
ssure- This change was in large part
dli 10 the $l.1O0,0O0 decrease in dividend
iexyed from the Connecticut company
The feature of the years operation WAS
he large decrease In ratio of expenses
D gross, as well as the decrease in in
ONE from outside properties. The de-
feased income is explained by the COM
any.