Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-08-06
smIENT ADVANCES
m WAR SPECIALTES
o.;iroads Also Came in for
share Of Attention-Crucible
cteel Star Performer.
NEW YORK. Aag. 6.

NEW YORK, Aug. g.
- nigh records were once more es-
+ sstcd In a number OF the so-called
sciaities IN the initial dealings
w exchanee this morning, including
q 49,, steel and General Motors.
bft,sto steel opened up 2 points TO so,
tfuci's3scsiy reacted, and similar advances
~, - ~ recessions occurred I'm other
ieloMss.is Later Crucible went to a new
nqA'e,,re e.,,,re touching 49, Central Leather
htn ~ of the strongest features of the
dealings, rejecting a continuation
INSCRIPTION which has been In prog
~ OH week. c., s,
ln ns.sSsiar. After crossing ss, rise of
ips.te N pointe, It dropped back sharply
8 esss ,s,,,ndred lot sale, falling to A. 1t was
on - that shipment on the Remington
s'aeeu .rd Ammunition Company rife bar
4 ~ !, ss.,tracts are now being made by
tel,lsis tel from its old plant in Harrison.
~. 5esaiis Of the company's plans for
s.ordlnance works In Harrison call for
w ~ tbe most highly specialized estab-
o..sots in the United States. The
.-.S rose sharply to a new top at the
~. 49, an talk of a deal with Bethlehem.
Slyycsetions appeared In Allis-Chalmers
pock Island. The latter may have
Z wv die 10 the denial of the petition of
rs directors 70 reopen the inquiry into
& .ss eor1pany's financial affairs. United
els,ss steel appeared to be In supply fol-
orlnr Arm opening. but there seemed
good demand for the stock on
sscitne. and in the later dealings 1t
ssoS wv "a 10 a new high for the year.
K,other lump in pig iron prices was re-
Ia from Pittsburgh. The sudden
r,nsth OF pig has been of n sensational
.,ro tbis week considering the manner
which the market had been dragging
yetofore
lnother wave of buying orders swept
i, market upward toward midday Beth
.hem exceeded its earlier new top price,
,hiIe American Sugar, Mexican PETROL
sum. Sears -Roebuck. Pressed Steel Car,
IN Brake and American Smelling were
II conspicuously strong
AZ Inc day advanced. Wlllys-OveTland
o,ped the list of record-breakers. The
AVS that the company had decided to
An aside S25OOOO for the purpose of re-
4lrinE some of its preferred stock nat
|,rallv exerted a stimulating effect, as did
he statement that the company's bust
hess was expanding by leaps and bounds
Destruction of the sugar refneries In
Warsaw with large stocks of that COM
nodify was used as lever to lift the
tuear stocks. American Sugar extended
4 gain to points, while American Beet
sugar also moved UP on talk of a pos
eibIe dividend, as the company was said
4 10 be earning 10 per cent. on the common
stock
In the afternoon the railroads started
IN 10 climb upwards. Encouraged by the
more considerate attitude of the Inter-
state Commerce Commission, financiers
and Investment bankers regard the rail-
road groups of securities with increased
favor nowadays especially the big trunk
lines. 1t is pointed out that for the first
fine in financial history the average quo
fation for representative rails has fallen
below that Of the industrials, and that this
Is freakish condition not likely to last
when the big war orders now boosting
Ahe industrials begin to be transported in
Jorge quantities. This will come about the
Aame time as the new record-breaklng
crops have to be moved and should prove
4 decided stlmulous to railroad earnings,
which should be reflected in the quota
lions on change.