Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-06-07
OF LOCAL BANKS LARGER DISSOLVE
cHARP GAINS IN SPECIALTTES;
STANDARD SHARES INACTIVE
c.radian Pacific and Rock
0Sl.id tsIsnd Weakened Under
selling Pressure - Leap
n Bethlehem.

,,opK June 7--Stock market
NEW lV,odsv were governed by the
,oGauons ,,cb as the motor shares and
.ledalpeH Layo become known as the
sues WnItSaa, because OF the fact that
rtr sooNs.,,tos have received large
hose ar5ers and other contracts
runuVn 6llIes since the beginning OF
fehi...aonsan fehi .ao conflict. Advances In THIS
ns ,sneed from ! to points oelore
tis5.y The coppers rehecteu tne nIsnSI
nbdsy' tho metal both for domestic
pdce 70, ,fon and for Europe, and also
tcnsunip strong tone. Quotations cabled
shoYeu H., again displayed increases
ron LOU, .atea here are being made at
loiay ~ r'be standard stocks, such as
~ eenns.,dinp and the other seasoned
sas, ~. showed a disposition to lag,
.s4wsre inactive. z,,t.. ,.,,,,.,,,,a- :
N stocks ty big interests, VINO
ten .ont ol trices as low, but the out
pIa pa was still absent. Therefore,
tos ui,.t again today was protes-
tn lh rbe character of the over
tcna Un ,,s was regarded as favorable
sunaS a,air the turn in the Mexican
j l .I.n bslng particularly encouraging
..y.ral years now the anairs on
, ~ .,ssr gldc OF the Rio Grande nave
causing much concern mere, ana
s,e. they have lost much OF thelr ih, m
vnle ss market factors, favorable
flshes ~ The difficulties would go a
i'.,, coward putting stronger back
'ps - strest sentiment. This would De
pons n,,.,,, !, heluful to the stocks with
pha anlliations, such as American
A.it,nI and Mexican Petroleum.
sng.,~s ~, ~ the gains made by the special
-. i, the frst two hours OF trading WIN
.'-vs 10 illustrate the strength IN tnlS ,
h,e General Motors, UP 5; General
LIoup, Id. studebacker 3lS; American
bleesliS,, ble.o,,ys over 2, and Baldwin nearly
4 s. l0Vit. The rise in Baldwin was re-
egns a. a belated response to the re-
i ~ r.norted deal with the Remington
s. Company, whereby Baldwin Is to
I s..ilza A profit OF S3,OOO,OOO without the
expenditure OF a cent ,..,,..
IA and around midday there was a
Sysak on selling pressure. Stocks were
\ s,,n ,sksn on the decline, however. and
~ support seemed to come from big
,rtsy,sts. Trading was not as active as
Il IA been earlier in the day.
prsssure was exerted against Canadian
! Pacific and Chicago, Rock Island and
paeho which caused these issues to
i t1rn weak. The principal selling came
nam Amsterdam, 1t was said. For a
1 lima this dampened the order somewhat
d md moderate declines were registered in
m parts of the list, and in some few
cases prices went below Saturdays Anal.
. A one time Canadian Pacific was down
over points and Rock Island over 2
q points Prices recovered somewhat from
\ the low.
The reaction was short-lived, as good
9 import was met on the way down and
The advancing movement was resumed
\ more particularly in the specialtes, as
The seasoned shares continued to hang
I back throughout the day. Bethlehem
s steel again came into prominence, show
ng a gain of 1i1A points from the low oil
X lha day and 915 from the final OF Satur.
q day. The closing was irregular.