The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1915-08-06
FINANCE


NEW YORK. Aug 5-The demand for
the popular speciaities showed no signs
Of abatement today and there was an
lie susns which 9 SS s srSPpr Evidence " o.
falling off. apparently was stimulated
anew BY yesterdays uptufN aud large
nlght Trading was brisk throughout
and total sales were $4,000 shares.
The instability Of the war stocks at
their current high level was demonstrai-
% again by occasional periods OF reac-
ton but the general course was upward.
AFTER the nrst rush OF buying was over.
most OF the early rise. but la the after
noon tbs movement received fresh Inn
petus. Weakness OF a few speclalties and
railroad shares in the last hour pre-
vented the market from making an even
display Of strength az the close. but
The late relapse was not extensive
enough TO cut deeply into the gains OF
most stocks
Bethlehem Steel maintained it's reputa-
uon as the most Spectacular OF the war
the day and reached 3Os. an advance OF
~ points Later ~ relapEed TO 30i. An
other new high record Was made by Gen
The urgent demand for United states
steel continued. and the action Of this
was bought In blocks OF 1000 TO 5000
shares and rose to s2is, another high
record since 1912.
the forenoon rise. but ON the recovery
which followed the early relapse they
were bought havily at advancing prices.
Rock Island. st Paul. Canadian Pacific
Union Pacific and Reading we're promi-
nent In the movement. The late selling
was directed largely At the railroads
which fell back generally.
bonds we're Irregular Total sales. par
United states ts declined =. on call.
Logan q BryAn's Closing stoeh Letter.
NEW YORK. Aug. b.--Atter alter nate
ar afT nlHh md 4
list responded In vigorous fashion 10
concerted buying In steel and 20 a sub
stanttal sort OF inquiry other direc-
tiOns. Realizing was observable in Am
erican Can and few Other selected Ia
sues but taken As a whole the market
presented much greater appearance
OF strength than has been noticeable
for quite some time.
IL apparently Is beginning 20 dawn
upon the generality OF traders that the
earnings OF the steel corporation for an
Indefinite period are likely 20 be OF vast
dends on the ordinary shares IL not i'm
probable In the near future The rails
Of late have acted somewhat better AMI
later ON will doubtless become the fea-
ture as the same have been accumulated
during the easy periods oy interests
usually IDENTIFIED with broad market.
BACHE SAIS.-A Philadelphia dis
patch says dealers at Monaco. Pa. say
thai the 4; =; steel corporation and
Ing for large acreage In Beaver Valley.
The advance In finished steel prices &C
count for strength In steel common md
other steels. Railroad stocks will make
better Roadway In the near future
BACHE SAlS:-Eelieve Great North-
crn purchase on account OF heavy in
crease In iron business, as Great North
Crn II large carrier Uf ore. Northern
Pacific viii have some part OF bene-
nts.
OsEPH SAYS-Steel shares will go
higher. Buy the railroads. especially
those that show big earnings. Fries
and Chesapeake a ohio are good. stude-
beker y most promising. the company T.
in excellent financial position our
spccialties are excellent. Air Brake and
Alhs Chalmers.
BACHE SAYS:-weakness In market
caused by stop orders and fear that the
western roads would not be granted In
creased rates TO the extent that they
expected.
DOW JONES SAYS interests who
are IN position TO closely follow af-
fairs OF some OF companies associated
with standard OF Of y J say that "a
dividend tn International Petroleum
stock before end Of year is not uu-
ukcly
am told that Wells Fargo will
shortly be put back on lu'r basis.
This vas the program outlined before
the war. " you viii remember.