Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-06
JUMP in GOODRICH
ON DIVIDEND RUMORS
Bethlehem Steel and katy"
Weak Issues-Traders Took
Profits.

NEW YORK, April 6.-Further improve
msnt was shown In the stock market at
he openlng this morning. There was a
eood demand which seemed to come
frnpi several sources, and the floating
aunpIy of stocks appeared to be small
MANY of the buying orders came from
traders who went short of the market in
Yesterdays sesslun on the advance
atte a little realizing was accomplished
snd this had the effect OF driving down
nrices TO some extent, but the selling was
well absorbed and around midday the
advance had been resumed
throughout the early session trading
was very active, and helpful influence
IN the market was the contents of note
ssnt bv the state Department TO Great
prltain protesting against the blockade
bcinp maintained against Germany. The
,ote aid not fulhll unfavorable predic-
,ions which were current yesterday. The
note did not demand notifications, but
onlv reparation of losses. For the most
mart. the speciaties again found favor,
tbe old-line issues being neglected, al
though there was more interest In the
later than for the last few days.
The market sagged off and became weak
in the afternoon session on profit-taking
and foreign liquidation of some of the
standard issues Some shares went be-
low the final of yesterday.
stocks closed irregular. \ feature in
the last few minutes was an advance of
over points In Goodrich, which was ac-
eompanied by rumors that the stock
would be restored on the dividend list.
Weak issues were Missouri, Kansas and
Texas preferred and common, the pre-
ferred dropping to "A, off points, later
recovering some OF the loss. The COM
mon lost nearly points.
Movements in Bethlehem Steel were Of
peculiar nature. In the early session
new high record OF 9ita was scored, but
this was lost in the later trading. the
stock dropping over Al points below the
final Of yesterday and Ga below the high
of the day. The weakness was caused
BY the inference OF President Schwab at
the annual meeting that there would not
be any dividends at the present time. He
said: Between S2O,0O00OO and S3O,00O,O0o
will be necessary to spend on the Chilian
property and the Bethlehem plant in this
country, and this should be spent out of
earnings as our bonded Indebtedness Is
larger than our capital stock. | hope that
the stockholders Will approve of this pol
icy" ON the business outlook Mr.. Schwab
said: "The general business outlook is
encouraging. think the steel business
will show an Improvement in volume of
orders, but hardly look for higher prices"
Secretary of Commerce Rcdfeld today
laid before tho Cabinet trade figures
showing Il favorable balance to the United
States foI" the week ending last Saturday
OF $22OOO,OO0 This is one-half more than
the balance for the previous week. For
the month of March an approximate bal
snce of S1i5,0OOO0O was shown, against
yi72,0O0,000 in February.
Westinghouse Electric was strong on
the report from Pittsburgh that negotia-
tiOnS are under way between the COM
psny and the Russian Government in
yolving large contract for electrical
Equipment.