The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-21
FINANCIAL NEWS
And COMMENT
stock Market Strength Proved
by Rock Island Re-
ownership.
PRICES AT HIGHEST YET

L-o.ts- convincing tss' v7s rra1~ -
ne position Of m. stock market yes
.erd.y and the r.spon.. given was SUP
aciert - demonstrate. m. controlling
persistence ~ the forces which have
been working 20 make ire remarkable
bull movement that has ben under ray
FOR about two months Tire announce
for the Chicago. Rock Island and Pa
cisc Railway Company dld no. cause
any spread Of general weakness
throughout the share list After short
interval Of hesitancy and nse,tlsment
quoted values began 70 harden ali
around even before the Rock Island is
sues had completed their decline
Throughout the afternoon tn. trading
~ss on a scale Of increasing breadth.
with prices rising az buoyaut'y as az
any time IN previous weeks. ana The
close va strong not only a. abou, ne
hest prices 81 the d4v but with me
statistical averages at new high levels
FOR m" year Total transact .ons Ak
grsgsfHd sbou, million and a quarter
shares ana all the Indications were that
tiiutes had gained a s'renKthenAf as
. ceudarcy.
Coming A. The tine II dif ~. -sac-
ZION which started On Montsy s''Ar-
noon seemed rather unlikely - run into
an extreme collapse from which ~
would take a more or less prol On god pc
Rod 70 recover. Concius !ona ~ N :
sort we're corrobors'ed rs the action .,
stocks In he early trading yesterday.
. afHrrr
the reactionary trend cont nued for A
while. hut before the news 81 IA. Rock
island receivership was published il
was evident that sellers for the fan we're
not making much heari~zy
A. u turned out beAr-h operations
had z'''r all only brief and limited
success. for the proof Of the markers
pns f'ion given By tho sequel 20 the Ro, K
Island announcement en-ou-age d an
active renewal of engagements FOR 'h-
advance r. rho marker Lad hoes N 2
very vulnerable condition tho Rock
Island sffiir might Ueli have accelerated
," pace u reaction and converted =
INTO pid" break through or ~" I.-'
None - tho ordeal- which the market
has endured In the .a-t f.W weeks ~.
~ severe ~ This and sent rnen' las'
night Hts more hopeful than IL had h.-or
- any time since tho upward price
swing got under way
~ 10 N, Rock Island recNiver-h n
ITSELF II - quite to be expected that from,
some quarters IL pill be denounced A.
! a most unwaTrsnted procedure C-f'
cisn was heard yesterday. hut Il vas
All from the stock market point Of view
and had little or nothing % % with
: the facts Of the Rock Island situa, on
B In the past month some buliish exploits
} nave been perpetrated IN the Rock
Island shares which seemed - b. based
: on N" Arnster campaign 20 place The
minority interests In charge o, tho
/ property
All the time the displays ~ hu,.s-
! fireworks we're being touched N in EpcL
| Island no ENCOURAGEMENT ~ ans sort n
/ buy into the share. came from banker,
. or m. principal rto.kholdlng interests
! unless purD haees were based On ih., *
/ recitation that the road would have a
-'af. = difficulty 70 get through or
,n" - AIRY. all informed emphasis ha.
/ bt'u i IN the fndnr.4. unc"r'a.ut.
% the Rock Islands immediate future
: uncertainty int"ns f-d hy the condition.
~ regulation and operation which have
horne hard NJ weak railroad system.
Iu recent '"-+rs no matter 20 hat cause
their impaired position ~ ~ .r-
P,ss by hs-'4u-e 'h- Wal street vi.p
- The .trg" had ro' accepted 'Hr Ams'el
opinion ~ Rock Island prospects IN.
. "pi.Ods ~ -. rec"ir@rsn.n had ouiy suci
10 fugitive effect on '.- share fIst More
over the -4'hrr sharp shaking down o
I prices in various directions Iadpgp'"d i
. improved the technical pIs .tt1n p
stocks. ~ any rate IN" sx..p ~ ~,
afternoon recovery wac eXtrrS,v. 40,
IT. progress Vas rapid, while tao rang
of stocks actively dealt IN carried e.
classes ~ issues forward MI impress