Evening star., 1915-11-17
STOCK MARKET FIRM,
WITH PRICES HIGHER
Good Buying Movement Develops,
Metals, Equipments and Rails
Sharing in Activity.
Motor Shares and Bethlehem Steel
Among the Leaders-copper Com
bination Planned.

NEW YORK, November 1.-THE
market gave every indication Of a. de-
cidedly strong undertone, especially in
| the stocks that were not very prom
! inent in Tuesdays dealings. 1t does
| not look as if the big fellows in New
| York can get their stocks back any
cheaper, and as a result of this feeling
! they are back buying, in the opinion
OF close market observers, and are
following the western contingent,
winch has decidedly bullish views ard
ample funds.
Coppers were rather firm early, but
tney uiu not nolu, general reaclons of
Small Ii liactlOnS DeinS IN order, ana the
on stochS, otner tnan California Pc
tfoieum, when were SO nrm tuesday,
were also sOit, IeAaS OH gong BACK
. points, wnIle CaIlIornla Petroleum
rose IN points. Smeiter was bit
SOIL.
Motor stocks. the former leaders includ-
eu, were IN excellent demand, SuudeDaker
ave. aging points, Lenerai MotorS l.
WlIisS-Cverianu ana Maxwell \. points
Use.
Baldwin Locomotive closed Tuesday at
1l9.4 ana advanced to l23&, the morn
Ins record.
bethiehem Steel made sharp recovery
10 49,, ana then TO $50, an overnight gain
VI "a polAlS.
CruciDie Steel, an old-time favorite
solu To Is, anu, with Lackawanna Steel
made to points improvement.
Rails Share in Improvement.
A feature of the session was that the
rails, heretofore laggaros in every at
tempt to force higher levels, shared in the
Improvement, with the exception Of Union
Pacifc, which was barely steady, and a
rev OF the less important rails.
Norfolk and Western, Reading and
Canadian Pacific maze better tnan point
advances, and Erie and minor rails
generally haiI-polnt gains
Equipment stocks ana Sugars moved
up SHARPLY.
The republic Iron and Steel Company
mas declared a regular 1A per cent
dividend on the preferred shares, and
per cent extra TO apply TO cumulated
dividends due.
Among the news of the day is the
statement that the kennecott Copper
company. the Braden copper Company
ana certain Alaska properties owned
ny the engagements nave been or will
De immediately merged, and the an
nouncemenI made within a Gay or two of
the formation OF an Amalgamared Cop
per company, the title having been
abandoned py the former company in
another merger a few months ago.
1t Is stated that the pasis Tor the
merger Will be a 1-3 shares OF Kenne-
colt Copper tor one snare OF Braden.
The Gusgenheim exploration Company
will turn in all properties but the Utah
copper Company.
Gold Imports Arrive.
The Saxonia and the Pannonia
brought in nearly $7.000,0OO gold to this
port yesterday, the consignees being
the National City Bank, the Guaranty
Trust Company, American Express
Company, Canadian Bank of Commerce
and the Mechanics and Metals Bank,
Further advances were made in the
noon hour, with continued activity
In the second hour of the afternoon
the market slackened. There was some
proft-taking and slight recessions,
but the undertone was decidedly firm.
Mergenthaler Meeting.
The annual meeting of the Mergen-
thaler Linotype Company was held
this morning. The directors were re-
elected as follows: Philip T. Dodge.
Ogden Mills. Sir Joseph Lawrence, Ed
ward V. Murphy, Albert H. Sawyer,
Ogden L. Mills, Norman Dodge, Ogden
NJ. Reid and Frederick D. McKenney.
The regular quarterly dividend was
declared, the directors not considering
the payment of anything extra
The annual statement showed 11h
the corporation is very large, although
there was slight deficit in this years
earnings for dividend requirements
II per cent being paid.