Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-14
RADING DULLIN
TgV YORK MARKET;
B. 80. STOCK UP
citing of Company's Divi-
Ind Chief News of the
r,v---Call Money 24 Per
Cent.

xnRK Jan. 14.-with the excep-
= few issues in which covering
fair degree of activity and
- !, trading was dull but strong on
s.,s,sgs today The chief news OF the
- the announcement, a few minutes
hs slose, that the directors had
a. sut the semi-annual dividend
~ common stock to 2h per cent, a
~, ~ a y of 1 per cent. for the
.,,ss period. The stock is thus
q IVa q & per cent. basis. The street,
fp n the day, had the report that
80 sss,tdend would not be cut to per
g ehd W nod been expected earlier In the
aas "A based on .his report both the
- snd prefeTred stock of the COM
sal.l' are strong and active at higher
w The common closed 2B above the
lne vssterday and the preferred was
I higher. ,,,o, of ,ctiyitv Tn
ss,nber of specialtes around noon.
'.saa steel Car, after sagging Off to
rLs,ass aegn 4 from the close yesterday
..,,l.d n sslL, up IA from the opening.
~ sIvldend outlook of the company la
~ tonic of board room discussion
7. .fs,uarv %, last year, the Directors
ss.,srsa 4 per cent. payable in quarterly
,s.,slments, the first payment since
\, N 1914 business was so bad that
..rs,is were circulated in November or
,n,sntion to close the company's
,ssnis but these reports were without
sssndatIon and were positively denied at
~ lime they were circulated. The di.
,.s.ara should meet around January %
4 IN on the dividend. The annual re-
III for the year ended December 81 viii
1. ,rhlIshed in February and is expected
a make poor showing.
Investment buying was in evidence In
~ mstured dividend payers, New York
r,rtraI redecting this demand with an
,igsncs OF q to SO and Great Northern
wsi.rfsd Y higher at 114N. There also was
sy5sncs Of investment purchasing of
Wettrn Union, which rose q to sos. The
nnsinTs OF the latter company are
,.uorted 10 be good, and in some quar-
w Of the Street it was thought that
d. changes were good for per
ept dividend in the near future.
M copper stocks showed a better tone.
inalgamated advancing u to 551a, and
Trn,ssss Copper, which yielded yester-
he International contracts, which were
liw denied, recovered to BIN. United
ests, Steel common lost a to SIX. and
sAsn moved up to 511e NJ. Rumely pre-
ttsred sold at 12, loss of points from
~ last previous sale.
United Railways Investment stock.
hrnlshed the feature of the trading yes
brdsy showed a depressing tendency in
he afternoon. The preferred, after open
hyatt 81, sagged off to s2%. down a quar-
ter from the final yesterday. The COM
non vas also fourth lower at 1874. Gug
ssahem Exploration was strong, opening
kup at l7Ts, later going to 40. A quarter
vts lost in the afternoon. Western Mary
Ind rose TO 10, up one point
Clt money loaned at 2 per cent, later
nA per cent. The foreign exchange
h1fket was steady.
uiY wheat at Chicago made another
nlt upward by going to S1.423s. In the
aAeinoon the price touched 1855. This
the highest price In many years.
Fhs attaining of a prominent position
T this country In international financing
attracting attention in banking circles.
ne let OF late financing now includes
ths French loan of s20,000.0O0 last sum-
nsri the placing of s10,OOO,O00 Argentine
nria the British Columbia loan made
Trough tho Equitable Trust Company,
as Morgan syndicate Russian credit of
NA90O Italian and Swiss credits and
q listsng Of S5,OOO.OOO province of AL
1au, Canada, bonds yesterday by the
s1gtrnors Of the New York Stock Ex-
saanEs, In addition to these financial
lAnsactions this country has furnished
III notes
hs most important part of the
snaheing has been effected In the last
- weeks and has been conducted with
= even checking the downward course
.ae money market. Exchange is now
saas drawn direct on many countries,
aalen heretofore had been arranged
sa0sga the facilities furnished by Lon
~ pAhkers. and already the foreign ex-
.saass market has become SO extensive
= 2 oe one OF the most important fac