New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-09
Goats and Collars Ripped
Ofin Frantic Efforts
to Get Stock.
GAIN OF II POINTS
LAID TO CORNER
Street in FeveriSh Interest Waits
Opening To-day-Confer-
ence Uptown Reported.

Jumped in few minutes from oO "
"a then dropped back 10 where II
...r,s3 from m an equally short space
:, ,;re has thc stock Exchange wit
..,.sd such an exciting scene as pre-
~.ged yesterday. when Bethlehem
s..s common. which, after crossing
.,ov.lv after the noon hour, IN the
-. eftecn minutes Of trading rose
",srslly ,r by leaps and bounds from 1o2
10 III
rb;. was followed by quick reac-
,;,r and by the time the gong had
.mnded the signal for suspension OF
-. dsv's business Billy Sunday as
u..sIobern steel is now called, because
of;ts recent pyrotechnics, was selling
:, iO5, gam of l7la points over
wednesdays closing quotations.
transactions in the stock were in
,,csss OF 10000 shares. greater than
-. total combined trading in Union
pacific United States Steel and Read
;,g normally the market leaders. 80
,r,,tic became the buying in the period
,f,bs rise from 1O2 to III that brokers
.br.w svay their coats, ripped of their
CELLARS. pushed and showed each other
,,oupd like so many madmen in their
efforts to get stock apparently at any
price. u,ah
ols,imers in the Street, after wit
Messing Yesterdays Developments IN
Betblebeu Steel. said that the charac-
,sr Of the trading presented evidence
da corner in the common stock. With
rscticaly all the floating supply in the
hands Of what is believed 10 be a pool
hsv predicted that even higher quo
n,ions will be seen as a result Of the
attempts OF the shorts 70 cover their
eommitmcnts.
Based largely on the assertions OF
Charles ". Schwab. that there will be
no dividends for the common stock
holders until between S2O,O00,O00 and
.S.'nno .',1s. 400 -. - -, ont of
earnings for Improvements and new
construction. it has been apparent for
several weeks that there has been
large short interest in the stock. Even
Mr. Schvab himself has been men
toned in th,s connection, as well as
t-.....,. .-..o,;o,, ,,ar
'"e ~" ~
Inc shoriS' however nave Deeh rouI-
ed on every occasion. They have sue
e.sded in bringing about slight reac
.;... -. l.. -. ,.h;.h fo1lo,,od
"0"s' 0u' '''' aN a'''e "''C" -''''"'.
every attempt 20 depress the price OF
the stock was so much greater than
the loss that they were forced to help
II along by their frantic attempts 10
cover. II was only on Tuesday that
Nr. Schwab rcpeatcd his policy Of
,,;rr o,r~;,,,- fo- oors.rrc,;o, and
s '1''''''s' ''','
improvement purposes. folIoWlng tne
publication o. his statement, made at
the annual ,,oo.in- of s+ockbo1dors
~ ,,.,---,--
"s eoDiho" s.o1" oH "euHesudy soIu
IS low as e5'4
One Of the features Of the rise from
Asx es,,, 81, ,bo ,,os. 90 tho rrosort
p'''s mas Deeh inc eVluehceS OF pup
Tic buying. These have been due, 1t
Is said, TO the reports of big war or
ders IN addition 20 the company's
annual report, which showed more
than 80 per cent earned on S14,86200O
common stock outstanding. The con-
tracts which Mr.. Schwab has obtained
rom abroad are understood TO con
tsin no cancellation provision, and II
eSAmated that on the present bust
ness the company is earning IN the
neghoorhood OF % per cent for the
junior shares.
Pool Opcr,tio,s RI.mod
''' ''''' ''''' "
FOOL operations in Bethlehem Steel
are believed 90 have started IN Janu-
s! when lii51O shares changed
shares. though The Stock Exchange was
g.h more man nall That month ana
CT haG pecn trading through lhe
s,,;. ;S'.ng mouse ON other days. Janu.
n. transactions were more lhan nan
We, mo ,t previous year. 30 sklIiulIy
the, 'ne wy SDsgrpto,h process carried on
Price of ,to .e '",y uay OF inc IN mont" ''e
Wi,Io,.. 1,'.N was o'IIS 80
What snn.,....i.. "-.4i.''S an! SUI 'OIo" y,
priee on ,ba 4o sG.us E vi, o Dmo
less In va! " IS'' T"'E "%o ',,
CLOSING g.. - -'Ii.I @Oo,c 'S.' -
L
Ns,.h "su az Dt'h i0''4-' shares. ~
X S,,t,s. tSs side of Steel. Union radiac and