Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-05-15
PIRFOF EARLY GAINS
'lSTBfjElFORE THE CLOSE
..,,i, Reacted From High on
R,IeT,o oamors That Dividend May
q Deferred.

o,r Nav i5.-Brisk advances
NEW fOfr ,be stock market during
asfe mauY :, ~ the short session touss,
AZ tsrV psn,,re vas entirely absent ana
fsnhg press .t,ore was a good buying de-
z y This buying, as was % ~ the bent
napds ~ sharp decline, was OF the pe"'
saierday n.,ips from the largest in
I fhkfacter 49, country. II was the cur
aests " ssot the weak speculative
isht bellet entirely cleaned out, anu
fses hau .,sre in strong hands, beinG,
in.s .,sy s guarantee that they w ',,batovsr
? ,srnwn on the market .,,ina az vorv
z . ,bty would bring II any ''''"e
s.sssrse occurred . oonoared at the
i.'s .ssc buying orders appea. o,nng to
s,es Lsse and the whole llsl Ns,, ,,as ainoost
Hsher le,aa ON the expectations that
miFey ps,,id make a conciliatory re-
Gtfvah, "sa,,ands set forth In the hote
fls % MAD ,ns states. The better list OF
q me ., over by London also con-
rhees sto, "a the improved position Vi
hieuNu cables from LONDON slate.
ne msi wes no pressure to uhloau
Hal Wy. nayticularly American issues,
F,nn.,e o,,r market ranged from 70 ,
CABS ~ ,be early session, out some
Fns .cted before the end OF tne ua!.
f,ocks reav. r's o,,i,e n large demand for the
There We We - such as Baldwin, Westlng-
'Ea' 'pressed steel Car and American
house ~ ond as far as advances were
Iqomou,'.h .hov we're the leaders, but they
cDeerst the. most active, Reading ana
E,fe nol o, vleing for leadership. Bald
wee eon esa IN over four points, Beth-
Nn sal ,he same amount. and sinilar
kne'i s,ors o., made by several other shares
s.ns ,,ore or less speculative group.
q W .ho close Baldwin lost most OF
ns'y s.i,,.paln when rumors were clrcu-
,k,t the company's directors are
n'.I '.,as srinr the advisability OF deierr,ns
~ dyidend at the next meeting Wnlct
y, ,n, ~ held the latter part OF the present
s,L Nothing could be learned from
s .~a,I sources on this point. other is
- which had shown early gains re
,,,sa at the end on realiz,hg sales' ~
~ majority of the list Sun sno"eo su"-
s,ntIai advances for the Gay. 49,.
Aaa. ~ s,reet was greatly pleased at the
~ W .acovery of the market and In many
s..,.rs the opinion was expressed that
y. sscline had about run its course, and
.,soush waiting attitude would un-
,.rS,sdlv remain in force until the reply
y nsrmany is received, the market from
n ynreseIlt appearances, should. for the
m..t mart, remain steady. Conditions
,hrouehout the country as a whole ar"
/ rsduslly becoming better from day to
i,y and this cannot be denied. Bank
,l,srines are showing up much better
Nh, week, for instance. there was an in
r,a,e in ciearings over the same period
miast year OF more than $3s7,OOOOO All
Il The larger cities contributed to the
htter showing. with the exception of
Baltimore and st. Louis.
Announcement was made by the Ma
,icral City Bank on behalf of itself and
associates that the entire issue of S25,OOO,-
n Goyernment of Argentina five-year .
tsr cent. bonds have all been sold. The
allure Of the other half of the loan in
London. according to cables, was at
trbuted partly to the fact that a por-
lion was underwritten by German firms.
The weekly statement of the condition
of The members of the Clearing House
Association showed a decrease in aver
II bans of s19s40 900. while actual re-
rsnss advanced s9,7OO.420 Actual loans
fsa on s1s795,OCO and actual reserves in
creased 80 S47, 800.