Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-04-28
BALTIMORE AND OHIO SELLS $4O,OOO,OOO NOT
WESTINGHOUSE STOCK
and CENTRAL BONDS UP
Pumor of $25,0OO,OOO War Or
der for Former-Spurt in
/ Rock Island at Close.

NEw YORK, April 2s.-1nterest in the
.,ook market, from outsiders especially,
-.S,ob has shown some signs of dimin-
,.h,nr in the last few days, took a new
,..o IN life today, as It were, and the
.avanoine movement was again resumed.
1,o cause for this was not hard to figure
-, and IL was wholly attributed to the
sso,,,,ne made by the United States steel
rornoration in the quarterly statement
-. ,be three months ending March 81.
I,,bouRh the net earnings were smaller
,.sn in the same period last year, they
.hovved a substantial gain over the
.rorter ending December 81, while In
M,rch of this year the profits were more
1,0n four times as large as in January.
TN street took this as q plain indlca-
t,on that the corner in the steel trade
has been turned ,.. 49,
a. 80 os1 showed that the dividend on
sha nreferred stock was fully earned
T.. that month for the first time since
;a.t fail and after this there was still
snmething left over for the common
Taking the March figures as a basis and
comparing them with January as the
rote of progression, 1t was estimated that
.he net for the present month might be
between sS,OOO,O 600 and $4,000, 900, and that
for the three months ending with the
sOth of next June the net figures would
be about s25, 00O00 and possibly $50, 100000
OF course, this Is looking pretty far
ahead. but, then, with operations in
March at the rate of Go and 20 per cent
ana deliveries at higher prices than in
the previous two months. indications are
T.,1 tV,av. .,.,N YrflI H.
shown.
Upturns in the list were generally con-
fined to fractions. while in specialties the
gains were even larger, two and three
points being Chalked UP. In the case of
Westinghouse Electric this was particu-
iarly true, that stock moving up nine
points before o'clock. OF course, rumors
Of "war orders" were responsible. The
report had 1t that a S25, 100000 order had
been received from Russia Interborough
Metropolitan issues also sought higher
levels and were quite active the common
rising more than two points and the pre-
ferred nearly three points On the Curb
market was made for the new Inter-
borough consolidated preferred, which
opened at so bid. No trades were made
and the price was later quoted 75Q7S
The market eased off from the high on
realizing sales but the demand was larg-
er than the supply and the losses were
quickly regained. In some cases new
high records were established, and the
market closed strong. A feature q few
minutes before the end of the session
was vigorous demand for Chicago,
Rock Island Pacific stock. that issue
moving up Az points in few minutes.
The new 41a per cent. debenture bonds
Of the New York Central when issued
were the strong and active feature in the
bond market about SI,OOOOOO changing
hands, S5,OOOOOO of this amount being in
the first two hours of trading. The price
advanced more than 2 points. The time
for subscribing to the new bonds expired
yesterday, and it Is understood that
many of the stockholders availed them
selves of the privilege Of taking some CT
the bonds.