Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-12
IlTIPMENT SHARES
gRONG FEATURES
IN N. Y. TRADING
.I,lEet Was Steady in
Naming and Irregular in
At,emoon-Money Rates
Cssier.

.opK Ian. 12.--The market to-
NV a.d 20 move on the same lines
n the greater part Of the past
iaI''' .,isbt recessions and wavering
fF ,hs opening being succeeded by
iNs ~ pronounced strength with
HaplM ac.s in many issues In the
w sInv nrices reacted slightly and
isr uss s.. necame irregular, This is
TT melwt natural bull market where
Htais 4 Affeoted at the lowest prices
ti sQyHS no effort is made to resist
Hfpf orsrv smv declining tendency.
RI .s tsmp daveloped In speclalties at
FMHne'e ca,,sed by selling, and many
Il euss sds low records for the day.
faa ,ss ssues which sagged Oft were
laeas pacific, Bethlehem Steel, Bal
FAps' ~ ohio. Union Pacific ANAL
Aasls 4 Gamer and u. 8. Steel
nge'sss. s.,,ors of easy money aud seant
lps ~ "a stoeks are now supplemented
fpEv of trade improvement In the
Y ndustrles, such as are incidental
E'M .,sIpg tide in stock market ana
sffairs. and each day increased
fss'sos fHspsss In the outlook is reflected In
a...,,shlishment of higher prices.
Hl savinnent shares, like the Amer
fAd Sar,otiye and Pressed Steel Car,
ksA hs"c,Iy affected by reports OF or
" l., the large railway systems and
w s,oska have been In good demand
WY - days. American Locomotive LED
~ a.i., M. n lhe extent of its upturn after an
enii ess,.'i ioss Strength In this stock was also
l...,,,,1d TO tho fact that the head sales
Nv sa n ina company is about to leave for
a.,.. ssR whare he expects to secure large
es'ss There was q good demand at
wv ,imo time for American Car and
s.nrdrv and Pressed Steel Car
t...s,iesn Sugar made the largest ad-
going 10 lO1A from l0iIa, UP 2%
'' ~. pathlehem Steel common, which
~. sa.r very active of late, saEgeu in
| a. ,arlv trading. A point was lost soon
's,.r M opening, but this was recovered
'... rlth an additional a, United states
IN was strong at o.
fs,.ttors OF U. S, Steel meet on jan
IN "a 10 act on dividends and approve
\, ,snort for the last quarter of 1914.
J. !. Itely that there will be no change
!. svldAnds compared with the preceding
,s,Y.ay. For the quarter ended Septem-
NJ d 1911, u. S. Steel reported net
,sy.Inrs Of. 81, 2,e76,0O2. and after all
.t.rses there remained a surplus of only
NIs Net earnings for the last quar-
~ of 1914 are estimated around Slb,-
Nen and IL this estimate proves cor
VA there may be a deficit of at least
kbn0o. II depreciation charges show
y material reduction from the third
aaalter
January interest on its bonds, causing
ia stock to decline sharply, became
slrcpr around midday, being up II full
tslnt from the closing yesterday. 1t was
lkoqght that the weak holdings of the
tleek had been cleaned out on the decline.
The stocks of copper producing COM
saalss rejected the increased demand
lsF the metal from both domestic and
lrstn sources. Amalgamated after an
sary decline moved up over l point to
EE and Utah Copper ranged from 6O9s
hHH
CAL money dropped TO 2 per cent short
/ before noon, with the renewal rate at
! tsT cent
nvestnnant buying was noted In New
iaik Central, Union Pacific and Northern
helac, indicating an overflow of the de-
nand for short-term notes, Pools were
sfan active In many specialties, including
etfn Products, Central Leather and Third
Avenue, and have been partly successful
3 Inducing a little outside buying.
Hiematlonal Harvester Company, of
RsB Jersey. has arranged for the sale
II 100000 per cent. notes, maturing
flbfusfy 49, 1913, for the purpose of re-
tIrE notes maturing February l5
fhlcago advlces are that the NJ. Rumely
Company has been unable to redeem the
FNeeD notes placed in the banks a year
70 and Ia also unable to obtain funds
tsHoyde for the Sl,SOOOOO notes maturing
q Asrch l.