The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-11
FINANCIAL NEWS
AND COMMENT
Another Day Of Wild Buying
Sends Prices Higher in
Market Here.
STEEL COMMON At SO

TIA dav on the Stock Exchange he
.,,,tor 90 III. o,nos, bvs.
50" Wv"
tericai puy'ng movement WING" ee"'
prices skyrocketing in the last half Of
tina session on Friday. There was a
= .,-., ,., , 80,
huse accumulation Oh o"!"s o'ue's y"
hand at the opening and In the nrst
8ftean minutes OF trading new high
-. ..xo ,,,ao oil along III. lin.
P'"0 "o'0 ''''"o '''
steel common rose TO new h'sn price
Of s.. Activity WAS on an even larger
.,. ,s,n M ,h. a,v befor. R,, a
=. -. &C.,
check 10 'ne auN"''oc was ao''' ''''e"
BY q flood OF profit taking sales from
ali sourcos steel dropped back 90
800, ,.. ,.,.,.,,o,,,v Foam, ,o .
pon.s ~ 49, A. ~ IT, 10 a.r.
po,n,s a., ~ r",,, III ~ enc session
p' "s Wv. 1910 49,, s,,,.,, ,,,,,h
inc trauihs W's "'sns WI. ''eu' W.
rreeua. ,na.s ~ ,, -,
nlarket Ia''eu " NAN ~, ,, .,,r,',n',
tho SslllIis d. 'eass .m ""a ,'.ra,,m.
now pu!'"s w p'e'o'' '"0
OF posniNe we"n"ess, , Ia.
Inc new pnase W Wv ,naI NC, w'e 'S
steaoIiy proaueilIns ,eiIu'ucs. im. spe
ciaites wnIcn 'lk".,u 50 ~ ~
the cary par, OF 'me weeh tooN oacN
active: ~ was a steer marvel, pu'
steel Is arter All tne rear ieauer. More
ov0r. steer stoch acteu III q more .ea-
sonapie way IMAM IL ulu on rrluas,
when us phenoinehaii! swirl rise 'ehueu
10 excite misglNlnss'
There was niue news curing ,ne DAY
with market bearing Denlais from
washington ana elsewhere OF the peace
rtmors and also OF the story that the
Government SUIT against me american
can Company had been dissolved, both
or wnich oetehsioIy nau something 10
do with the rise on FRIDAY, cNerted no
NiGole enect. so 100 the steer tonnage
statement issued atter inc close OF me
market, showing decrease OF S9,622
TONS provoked comparatively little dis
cussion. The financial district had been
more or less prepared Tor supernciailS
less raVoraole steer ngures' Inc traoe
reviews nave pceh polntins OUT tnat
shlpn,en.s Were .u,.I'Is hat
""ea" vi NNe NC" o"siI.sN
Iesa' w LILLY, ,,'sI,ss,',
~ s,v,,,a, ,,osi,ia,, nv. 49,, 49,,
anea ~, h,c J,croasa ia ,ba eo,,In,
s,,rs,,,, ,ouo..,,r ,ha ,,ar,i,no It,. a.
nrico. Thoro b,s hoo, 4, n,r,i,i Az
t,nguIsbmen. ~ m. sbor, iu,eres, Tho
make, has risen 10 a Ievel where ~ 4.
hound to induce protit taking on a huge
ecale by speculators and investors who
got in al the bottom a few weeks ago
The size OF the profits confronting them
will he Irresistible TO many. Also the
prospect Of sales from European holders
has been greatly increased. Already
the riee has caused liquidation OF the
old speculative position open In London
when the war broke out and when has
since oeen frozen UP. sur seil,ng from
tnis ecuCe VIII hot continue inuennHe' y'
How iarte .o'ai OF 'nese accouh's re-
.n."s .arnol We es',I'Ia'e"' W. 'nr po
u"u "sS pioas no' 80 s "o
,.i,,,. t,,
.,s 49, III -, a>,o,,,,S,,t,,r,
Sac,or Va rasno,sa nav, voal, 4. ~,
nactsd ~ shed ,iyht IN This score
Event. IN tho s,ock make, ovcr.had
owed all other 6pancia, considerations
last week The news. with a financial
application. was uniformly favorable
First place was occupied by the Govern
ment winter wheat repor;. This e.ti-
mated rho condition of the cron on
April I AT SIS. or slightly higher than
the December figure and more than a
point aboys the ten wear average The
condition ia shown 10 he somewhat lower
than a. this time last wear
ON the Other hand a larger acreage
encourages hopes that the harvest may