South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-09-04
RAILROAD SHARES
SHOW STRENGTH
First Substantial Advances in
Several Weeks Are Noted
InduStrialS Weak.

NEW YORK. sept. 4.-AlthOugh
ne industrial shares moved IN a us
appointing manuer Friday speculative
Wall street was gratihed with the
strength and activity of the railroad
Jhares. substantial advances pelhB
recorded for the first time IN weeks.
The botterment i'm the rails came al
most simultaneously with the an
aouncement that the interstate com
uerce commission had decided 10
postpone the date on which the lower
anthracite rates were - go into erect
rom oct. ! 10 Dec. J..
A firm undertone was in evidence
At the begiunin g Of tradlng Fr.uay'
9ut after the first few minutes the
market again ran into foreign selling
which wiped out the fractional gains
md recorded slight losses.
The rails were taken in hand dur
ng the noon hour and advances from
/, to Q pOint were quickly made. Their
strength impaired sympathetic I'M
orovement 10 the industrials, but the
ally was only short lived, stocks be-
ng i'm supply on the bulges in the
ast hour. Closing prices were around
he lowest and there was much curl
,sity as TO whether the reported sink
ny of an American lumber boat by
4 German submarine would result In
A weaS opening Saturday.
Electric Storage Battery continued
% work higher, at one time showing
a gain of four points. Interests Ia
miIiar with the affairs of the Electric
Boat. deny that the company is pur-
chasing its batteries from the Electric
Storage Battery and that a merger
Of the two IS contemplated, but past
performances have shown that the
insiders Of the var stocks know little
about reasons for advances In their
stocks until the shares are at record
prices.
Missouri. Kansas and Texas displays
little activity, Notwithstanding that
substantial progress looking for the
formation of a plan for remedy1ng its
financial problems has been made and
that new interests may take mold OF
the property. Requirements Of the
Missouri. Kansas and Texas for taklng
care OF present Indebtedness aggre-
gate about S25.OOO,OOO, but it would
seem useless to finance only these
needs without providing for the fu-
ture. so that the new plan is expected
to call for the raising Of a sum in eX-
cess of S25. GOO, 900. The new money
Will probably be raised through a
levy on share holders.
The failure Of Anaconda to make
good the recent tips IS causing some
disappointment and the pool in the
stock is understood to be extremely
wealthy.
The Amalgamated Copper Co. has
been dissolved and ITS hare stricken
from the stock exchange list. In dou-
bling he par value of the Anaconda
stock from S25 TO $50, the directors
in addition to providing an easy me-
dunn for the exchange of Amalgamat-
ed shares for Anaconda in the Anal
gamated's treasury also prevented the
market for Anaconda from being
swamped by the release OF the Ana
conda shares.
In the face Of the good news re-
Gently announced regarding copper
the absence of strength and activity
in Anaconda seems unnatural. At IL
tonight's closing figure. the present
stock representing as il does two
shares Of the old is selling about seven
points under where it changed hands
last April. when the old stock was
quoted at 30 Anaconda is under
stood to produce at 9 IL cents 9
pound so that with the metal selling
at Is cents a pound and the company
producing at the rate Of 800, 900 ,0OC
annually, as proposed by the manage
ment. statisticians figure that 1t SHOULD
be earning about $25, 100000 a year
or more than $40 q share.