Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-08-25
DIVIDEND AND INTEREST PAYMENTS AN
PRICES FELL FROM
HIGH ON REALIZING
Late Selling Brought Reaction.
New York Air Brake Negoti-
ating for Big Order

NEW YORK, Aug. 25.-How the hnan-
.,si community regarded the latest turn
4. ,be situation between this country and
o,rmany was plainly shown by the action
:, the stock market today. The market
vas the strongest seen in many day;
N fact. it was said that at no time in
,he history Of the present generation has
,her. been such excited trading on the
lang side as marked the early dealings.
Gains of from l TO 10 points were record
,d in rather short order. and these were
attended In the later dealings.
buying orders in many stocks were so
rnmerous that brokers were absolutely
swamped, and specialists in many issues
we're unable TO handle the business.
The street saw in the request of Ger
many that definite action be withheld on
she Arabic affair until she has an oppor-
unity to present her side, a decided
change in front of that country, and there
we're those who expressed the belief that
the difficulty between the two nations
would be adjusted satisfactorily. Sever
anee of diplomatic relations was thought
10 have now been averted, and that the
country would enjoy a greater period of
prosperity than at any time in it's history.
The widest movement was in Stude-
the early dealings, but other issues also
Established good gains. General Motors
was up 5; Crucible, AZ New York Air
Brake over 3, while any number of shares
were up over a point. At the top marks
there was quite a little profit tJtaking, but
the selling was always well taken and
the depression in prices was not large
officials of the New York Air Brake
Company are negotiating for an addi-
tIonal contract for $40, 100000 worth of high
explosive shells, and it is understood that
the delay in closing the order is due to
the question of terms of payment. 1t is
said that the company's officers do not
care to regard the contract closed until
the first payment has been made
About the most active issue was United
States Steel, which was strong, at one
time being up over 2I2 points. The Steel
Corporation expects to have all three of
its benzol plants in operation by the mid
die of next month. The stock was also
particularly affected by the advance in
the price OF steel products.
While business was not on as large a
scale in the afternoon session, prices for
the most part remained firm. Proht-tak-
ing made its appearance at the top, but
reactions did not run far. A favorable
thing was the fact that more strength
was impaired to railroads than has been
the case of late. Lehigh Valley made n
belated response TO the good July earn
ings statement issued yesterday, and adj
vanced nearly two points. Similar gains
we're made several places in the railroad
group notably in Canadian Pacific and
Reading. The former ran up nearly 31h
and the latter almost three points.
Later in the day there was considerable
realizing all around and virtually every
thing fell off from the high. but prices
remained well above last nights close,
however.
factor of no mean Importance in
the stock market today was the estab-
lishment of the 500, 10000 French credit.
This brings the total loans and credit
arransements to France up to $121 900 900.
In addition there has been received here
about t5.00O000 gold from France, maxi
ing total of $1S6,OOO.OOO in American
funds for the use of the French Gov
ernment in this country