Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-13
1NIYED RAILWAYS
INVESTMENT STOCK
STRONG And ACTIVE
f,tlook for Company Is
Promising Call Money
tI;ts Another New Low
Point.

rrw FORK, Jan. 1S.-The stock mar
.a.nsd strong and active today and
= ,..,,.s made advances over the
..,.rdav, In the later trading
faans ~ developed an irregular tone.
nt mNss mas.,, tbe specialties, in which the
esiose trading was done. reacted
FlolP.' nrIy 20 be followed by another
fkhu.f ,,,ovsnent. Dealings in the
HEU.a iarIes were of professional
,ano.is and the fluctuations In these
~. ,,mply reflected the shifting of
sees.,ltion OF the trading element on
acoy stocks are still In scant supply.
Y =. rnsrket closed steady. but Irregular
-. stooks being up and others down.
ssa' ~ ,hange either way was not great
kavwer. .,o sh,rn ri,e
Ina common and preferred STOCK OF
Mtpqlsttsd Railways Investment COM
ne - san Francisco. which became
wv i.saars, The common stock rose ~
~ s,.,s 80 ~ 1sIL and the preferred gained
gg'nasl " nalots 10 s3ts. The sinking fund per
" ss,da were UP IL points at b5ls.
-ars fsps the reasons advanced for the
Anoa movement of this companys
gpr .s vas the report that the net earn
hgsN !, tba company for the calendar
W. could show an approximate in
~ 80. ~ 81. 800 900 as result of the fair
as.' ". .stinate was based on the large
,..-.,se in earnings made by the United
esi,uays OF st. Louis, when the Worlds
rsir was held there IL years ago. This
IA the Street to believe that something
~. than he done on the resumption of
asiasrds On the preferred stock, which
q ss,,mulative. there is due, 1t is esti-
n.,nd from S5 to 40 per cent. in back
s,sissnds. and with the large earnings 1t
Y. bsld that more than likely some
sssinr would be taken on back pay
snsther thing which helped the stocks
~ III fact that the California commits
'sonerr are reported to be more favorable
4 ~ company. and that the company's
,sslrs are gradually being Strengthened
.ri The public in California is also be-
.snink more friendly to the company.
Canadian Pacific was also q strong
i,aure, touchinggg 1859 for an advance of
4 nolnts. The advance was thought to
4. ths result of the covering of shorts by
N Of the largest room traders.
Tbe frat sale of Bethlehem Steel COM
An dId not appear on the tape until n
tv minutes before IL o'clock, while the
Hrst sale OF the preferred was made In
N middle of tho first hour. The COM
mon was up 4, as did the preferred.
Reading was an active standard issue.
moving UP from 147A to 147& and then
Yielding to 146% before noon, later re-
raning the loss, followed to an extent
~ uniol Pacific and the other important
railroads. and the chief industrlals.
United States steel. after going above
he closing " efday, declined "a
this action was taken as indicating the
uncertainty over the dividend outlook at
The meeting to be held on the last Tues
day Of this month.
Sterling exchange was steady. with de-
nand selling at S99s@A. The low level at
shlch Sterling exchange rules has Gre
It'd an Impression that imports of gold
sfe certain.
can money loaned at 2 per cent and a
IN minutes before the close it declined
70 ~ per cent. the lowest since the Eu-
iapean war began.