The Bridgeport evening farmer., 1915-06-12
STOCK MARKET

New York. June 12-opening-- Active trading in stocks at higher prices was resumed at the opening of to4day's short session. war issues again leading with great gains of 1 to 8. Bethlehem Steel, which advanced to within a fraction of its record quotation, New York Airbrake and the coppers, were in especial demand, ex-. tending their advantage materially before the end of the first half hour. Investment shares in the railroad group also scored substantial advan- yes United States Steel, on an open ing sale of 1. 300, rose A-
 Close@Todays market was active and strong but the rise was so largely restricted to specia1ties as to lack conviction Issues comprising the Guggenheim group were the early features, Federal Mining Common and preferred making maximum gains of 20 and points, respectively, from which they soon reacted. American Smelling and Guggenheim Exp1ora- ton also added to recent gains on re- ported sales of copper at 20 1-2 cents and lead at ' cents. Other metal shares rose in varying degree. War issues, notably Bethlehem Steel and points, later falling back American Can and Central Leather became ac- tive and strong in the final hour. | Speculative leaders were inclined to yield under pressure. The closing was irregular Bonds were steady
 Henry Clews,1
 Domestic conditions are growing better daily We have now entered the season when crops are an import ant factor in the business outlook | fFaIU %5axA iS eoaS c Government report indicates a ye1d o1 S50,o00, 0oO bushels of wheat, the 1 largest ycrop record Cotton, 1 though materially reduced in acreage l is in good condition and promises ar ample yield for all requirements 1 into consideration Our. steel trade is 1 benef1Hng largely from war orders which continue on a tremendous scale
 The output of pig iron is steadily in creaSinE and the product of steel mill: is fully 80 per cent of capacity and gaining daily. For all metals there if l an abnormal demand at very high and profitable prices Exports of food l stuffs and cotton are light as usual a l this season, but will resume in the 1 autumn whether peace comes or not | There has been some recovery of late 1 in imports, which is fortunate, as i helps the national revenue when need ed Our Treasury deficit has beer | growing at rate which, if not check i ed, means the necessity of devisins new sources of revenue Increased customs, and approaching payment on the income tax may. however l postponed any emergency in this re spect- When Congress reasseEnb1e 1 the question of national revenue vii l probably be pressing for solution. Tn, financial situation at New York f
 generally satisfactory. Money con e-&<1 | hands, and an undertone of conf I dence is observable which would un l doubtedly express itself in a strong
 and more active market, were it no for the uncertainties of war and thu frequency of unexpected shocks.
 As President Of the American Peact
 and Arbitration League I fully uphold our President in his attitude on tn, evidence submitted in the Lusitanft lease and I indulge the hope that i | will be the means of preventing st 1 lanentable occurrence from beint l repeated in our day and generation a least I trust that the conservativ, and moderate language used in tn second note under the sad eircum stances will prove satisfactory to tn
 Imperial German Government ant
 bring forth a favorable answer, sucl l as it merits and thereby be instru ] mental in continuing the long-existin,
 friendly relations between the twt
 nations. President Wilson's secon,
 message certainly is a, dove of peace
 and feel confident that Germany vii 1 receive it in that spirit.