South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-01-17
DEALINGS HEAVY
FOR A SATURDAY
Prices Are Firm Under the
Lead of the InduStriaIS and
the Pronounced Tone of 0p-
timiSm Continues.

NEW YORK, Jan. 16.-Dealings
on the stock exchange today were
were heavy for A Saturday Prices
were firm under the lead OF the indus
trials and the pronounced tone OF op-
timism continues.
The higher priced international rails
are suffering from a quiet and per
sistent liquidation that prevents en-
thusiasm and disCOurages both opera
tions By banking interests. AtchisC n,
Union Pacific. Southern Pacific and
Erie arc all for sale at prices only
slightly above current quotations. The
absorption Of these offerings now goes
on gradually. UntI il IS completed an
uneven tone may ~ expected in the
list
Large profits in stock market in
vestments are only acquired by the
purchases Of low priced issues that
may be held for a substantial advance
and this knowledge is guiding many
investors in their accumulation OF Is
sues selling under 50 a share. This IS
probably the happy medium between
the conservative investor who confines
himself TO the seasoned and matured
securities and the speculatOr who viii
buy anything IL the price is low and
activity is promised.
Much i'm oOrtance Will be placed on
the steel statement TO be made public
showing Will be poor, but this cOndi-
ton will reflect what has happened
rather than the present Improvement
IN the demand for steel products With
this out of the way a revival in steel
issues is anticipated. United States
Steel was under pressure during the
short session, declining fractionally
Bethlehem steel common continues its
quiet advance, selling at new nigh
figure. SO IL.
In the railroad issues Western
MARYLAND was active with a gain of
more than a point and the preferred
rose five. Missouri Pacific held It's
recent advance we'll although an as
sessment is anticipated. Erie issues
We're active and strong.
Oil stocks are attracting attention.
Mexican Petroleum rose > ID and an
advance in California issues is looked
for by some Of the traders. In the
fractions Third Avenue led with
gain Of l ga points. With the proha-
bility Of quarterly dividends of 1 per
cent within the next few months the
shares are considered attractive.
Great Northern ore that enjoys long
periods CT dullness, burst into activity
with a . point advance. The market
in this stock is too limited for comfort.
Corn Products common rose TO 10 3-S.
The buying looked good.
lraulug IN bonus WAS dboAh NCAS
active. Rock Island issues being prom
inent with an advance in the col
lateral as from % Ga to "A "a. Chi
cago. Milwaukee and st. Paul CONVEX
tible SIS when issued were steady at
about 1O1 SIS. Erie convertible 5,
series A, show signs OF recovering
from the recent foreign liquidation.
Third Avenue issues were fractiOnally
higher in sympathy with the advance
in the stock.
From the east the security market
is Internationally attacked by fusil-
Iade OF foreign selling. While opu-
mism and buying orders approach the
market from the west, Wall street Is
neutral exacting equal commissions
from both buyer and seller.
The proceeds Of foreign sales OF Sc
curities are being turned into wheat
and finally into stocks, for the west
is steadily accommodating securities.