The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-03-20
BULL ENTHUSIASM
IN STOCK MARKET

NEW YORK. March l?.--Adjustnls&t
"a; the railway labor problem ;tnG inc
decision OF the supreme court UNFOLDING
th. legality Of the AGstmson act pro-
vok"d An oG:hurst OF bulliSh enthusiasm
and short covering in to-day's market.
;he movement; extending to. all parts or
the list. In the main. rails derived tho
greatest benefit. rising sp.ritcdly on
the news from Washington.
Irregular tendencies at the outsa; de-
noted u. drErr" o. unraS!ueSN arising
from la;eS; developments affecting THIS
rcuntry'S relations with Germany. ship
pings and ~ Few tNdustria!S failing Hn-
der last weeks financial prices.
Rallies occurred almost .:fITcdiatrlyl
on heavy buyinE OF L. :. Steel. Eethi"-
hem Steel, central Leather and other
SprcI:lotivc issues.
Rails were hhrely'morc than firm I'M
Ill tue final hour when they dominated
;hn market.
Apar, from Bethlehem steel. IN which
III" Rev STOCK made 4 gain OF Il n
E"?ia with SIX for the old at l3S. ad-
vancrS OF = To 5 points wrr. recorded BY
cructhle Steel. Gulf States Steel, l.arka-
wanna Steel and i,cp"siir lrnn. tHii"G
States Steel showed a gross gain OF : -
at ll5t. but forfeitc"u much Of this adj
vantage before tho close with other In
dustrialS.
Equipments were IN the fore II adj
vauccS OF to 1 points. Total sales
amounted 10 l.3i1.Hor shares. tie largest
turnover IN weeks. :,
Changes in the market for Europea
rrnl!:tancss were mainly IN the dircr
ton q: hattrrnicnt. especially Tor francs
and lircs
with stocks. spccu!ativ" issues showing
sharp gains Total sales (par Nalun)
,asg-esated s".7S5.oot.
Gated States bonds were unchanged
on call.
II BY Private Wire ~ y. =. Mastcn & Coz
NEW YORK. Mar. l9.--Whiic tho list
opened somewhat higher. still more az
less uncertainty prevailed during the in
it.al dealings H. Il consequence .: the
fact tina; the street was u littl" a. scat
with respect Ia tn" probable bcartaS OF
tnn developments over tho week on
,hs financial prospect. However. after
Il became apparent that selling orders
had not accumulated in large volumes.
shorts becam" nervous and rrtTeatcd
rapidly. The decision IN the NdainsoIl
law case which defined among other
things the principle that The right Of a
group Of railroad wnrkm"n t" Slrlkf
in concert rs e result OF wage differ
enccS did not exist. seemed TO h" ina
controlling Influence. and III" primary
cause Of stimulating much buying from
outside sources. As we'll o; course. as
pcecipttattng the Hravy short covering.
rnday's advance WAS rather rapid. "!!u
With. fundamental conditions ard "a"H-
ings quite reasonably justify IL higher
rang" o. quoted values. still III" fear
is expressed III some quarters that tho
happenings in Russia may be followed
ny II like cnurs" ~ othcr Enr"pean
states. thus having a tendency t"Ifurc" a,
cessation of hnstilitics NJ II very early
date. and presenting to the world a new
SIT of factors Of an indefinite character
and Of Z nature quite so complex rs 10
make q discuun-inG movement at ms
period rather hazardous. However. that
may be. there WAS identified among thH
sellers on tn" advance interests when
wer. quite CONSPICUOUS on the huylns
sid II lower prices.