Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-12

ANOTHER NEW HIGH
FOR BETHLEHEM
stock Rose II Points on Report
of Big Contract From Eng
land.

NEW YORK, April 12.-operatlons OF
49,. stock Exchange were on smaller
~. today and conditions were mixed
.s,.,od nv great deal Of outside profit
nneII n,Isy aud commission houses were sell
uh a., many cases on the bid prices al
~. opening. There was a large ac-
n.,iatIon of liquidating orders when
.Ss onenIng gong sounded. Floor traders
"a not experience the difiiculty OF sat
w us.,, in getting orders through and trad
uIu'S g,.as carried on under much quieteT
conditions. ,,-, -. ...-. L.,,.
w. in many parts of the list, partlcu-
,ns,y the standard issues, there was n
~ demand for other shares, which
~ ter.d strength and the market there
~. became Irregular. This demand be-
w. moro pronounced in the afternoon
.ssslon. and IL seemed to come largely
s,or the speculative interest. The floor
,.sdsrs also picked up some stock. In
~. face of these conditions the market
allied somewhat from the low. Trading
10. moi active, but the market was broad.
Tta dominating stock In tho market
80 again United states Steel, and OPP
.,,ope for the most part. seemed to
y. roverned by its actions. In the early
~ N the session II advanced, but
~, its gain around midday and later
".soysred, From stock-market point
~ view the statement of the corporation
" unAlled tonnage during March, which
.howed a decrease of S9,622 tons, Is not
,erarded as unfavorable.
II IL pointed out that prices for many
,ssses OF steel products are now higher
,h.n they have been, and this should
s.in The steel Corporation. Then, too,
nuyn n
"a ~ nor cent. of capacity, and are about
u..aLinq even between the receipts of
s.,rai shipping orders and shipping OF
steel. ,,. . ,,,a..,,u,
pan,Nc and Cotton OIL. The advance of
ia former-more than points-was
thought to be due to the extension of the
smnany's notes for another year, while
m the case of the latter, which at one
,,re was 3 points higher, 1t was rumored
mat dividends would be restored at
meeting next month.
Bethlehem Steel rose to 10, another
nav high record, and II points above the
anal of Saturday, following the publ
ealon in the afternoon of a report from
fondon, purporting to come from one of
,ha high officials of the English Govern.
mtut. who is quoted as saying, in cx-
nlanation of the recent rise in Bethlehem
Steel:
DAt this moment everything is in readi-
ness in several great manufacturing
pants in the north of England and In
Scotland for the building of six bridges
which are for erection at six points across
the River Rhine All that Is necessary
for their construction is structural Steel
and this has been ordered and is manu-
factured in the United States. This one
order unquestionably Is one of the largest
In the point of tonnage ever given to a
steel manufacturer and doubtless ac-
counts in part for the sensational rise in |
the market price of the company's shares |
In Wall Street"
The heavy demand for Bethlehem
checked trading In other parts of the list, |
and the remainder of the market closed
weak, virtually all shares being below
The final of yesterday. Bethlehem lost a
point from the high and closed at 12i,
up l6 points from the final of Saturday.
Gold imports are still coming in. To-
day the International Banking Corpora
ton engaged $4,000 in gold from Yoko-
hama for shipment to New York. This
makes total of about Sl5, 100000 gold
shipped from Japan since the beginning of
the European war.
The American Railway Association is
sued its monthly idle car statement to-
day. 1t showed that on April ! there were
ilsO7 idle cars on sidings and in yards,
which is decrease of 500 from the
total reported on March 1. The April
total however. is much larger than re-
ported on the first of the same month
last year.
Due largely to the recent activity and
ltength in the stock market, money rates
have become tirmer The asking price for
slday money was moved up a quarter to
lEaS; % days loaned at 8 per cent, an
adyance OF 4. 1t is reported by bankers
nat there Is an increase in the demand
loF call money, and the rate today moved
Hp to ~ per cent.