The Washington times., 1915-04-19
n. Y. EXCHANGE LED
BY RAILROAD ISSUES
Mexican Petroleum Behaves in
Manner Like Bethlehem's
Performance.

NEW YORK. April 1s.-In trading
of heavy volume. the sales for the
first hour having approached half u
million shares, railroad issues led In
an advance movement on the stock
market today. Substantial gains. In
instances mounting to two and three
oints, were recorded by the more ac-
tive railers. The industrials. with
the exception of Mexican Petroleum
and United states Steel common,
were not so active. and confined their
gains within more narrow margins
Mexican Petroleum behaved in a
manner not unlike the performance
recently given by Bethlehem steer
and American Locomotive. During
the early trading the stock rose
sharply, at times jumping more than
g. point on a sale, to 94A, a total ad-
vance of eleven points. There was
no news to account for this unusuai
activity.
Little Steel which dominated Satur-
davis market, continued to be the most
active stock In the list. being traoeo IN
in large blocks. ut after having, ad-
vanced ~ points to- soy: It 1t eased OF
Northern Pacific was the strongest OF
the rails. selling up In the first hour TO
1l2ss. a gain of Sh points, portion Oh
which was later lost. Canadian Pa
peake and Ohio and ST. Paul each reg,
istered gains of 2ia points at 4S% and
| 97%t, respectively. while Atchison: New
York Central. and Kansas City South
ern each advanced full points.
| enjoyed such sharp advances late last
| week on the strength Of enormous war
orders suffered rather severe reactions.
| New York Air Brake declined S% points
to IS: American LocomotiVe was % on ~
points at 521a; Railway Steel spring
dropped to 1874, a loss Of ~ points. ana
| Pressed Steel Car lost more than
point nv selling at 4Sh.
The following review OF the country
credit department Of Armour & CO.:
| Conditions have improved very ma
terially during the last ten days, An IN
creasing number Of furnaces are In
blast. Many factories are Increasing ,s1e sing
continues to decrease. For the first time
in many months the number of idle cars
shows a decrease. The demand for eX-
port is strong s Weathser cona,eions TnS.ti 1his
optimism of a healeny type is present
throughout the United States, and In all
lines of trades without exception. an
Improvement has occurred
economy-at no previous time since the
civil war have these elements been so
noticeably present. While these an
chors hold our ship Is safe. The past
eighteen months have been educational
in a tremendous geographically. eco
nimically. socially. Common sense Is a
rare bird. and Its value has been too
little appreciated. we are diligently
nursing It and its progeny
"Efficiencv for many months has been
| most intensely studied and applied.
Thrift and economy since August ! have
added millions to our wealth. United
States tourists In foreign trips spent
formerly more than $3.50, 900 ooo per an
mum. Money has been wasted by indi-
viduals, by corporations and by. civic
bodies. Much of this waste will doubt
less continue. The fellinnium is afaI
Off But for the first time in many
years we have taken inventory OF our
selves and our nation. We at least un'
derstand ourselves. our faults. virtues
and our possibilities for develoument
II we proceed with sanity and business
cauntion we are assured Of success"